secwatch.observer — SEC 8-K summary
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Issuer:     Purple Innovation, Inc. (PRPL)
CIK:        0001643953
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001213900-24-021823
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643953/000121390024021823/0001213900-24-021823-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643953/000121390024021823/ea0201536-8k_purple.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-021823

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer