Purple Q4 net revenue $145.9M (+1.1% YoY), op loss $(16.2)M; guides 2024 mid-high single-digit growth

Purple Innovation, Inc.

Net revenue $145.9M (+1.1% YoY); DTC +4.3%, wholesale –2.7%.
Gross margin 33.2% vs 34.6% YoY; adjusted gross margin 36.7%.
Operating loss $(16.2)M vs $(11.9)M loss in 4Q22; net loss $(18.3)M vs $(71.7)M.
Adjusted net loss $(15.8)M ($0.15/diluted) vs $(8.1)M loss in 4Q22; adj EBITDA $(9.8)M vs $(0.8)M.
2024 guidance: mid-to-high single-digit revenue growth; positive adjusted EBITDA expected in H2 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Purple Innovation, Inc. updated its fourth quarter and calendar year ended December 31, 2023 guidance (initiated).

Period: fourth quarter and calendar year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On March 12, 2024, Purple Innovation, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and calendar year ended December 31, 2023, and providing guidance for 2024.

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Purple Innovation, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-021823

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