{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-040463","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.397826+00:00","generated_at":"2026-06-02T18:48:49.996619+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Purple Q1 revenue up 12.5% to $120M; net loss widens to $(50.2)M on warrant charges","bullets":["Wholesale revenue surged 33.1% YoY; DTC revenue flat vs Q1 2023.","Gross margin contracted to 34.8% from 38.0%; operating loss improved slightly to $(23.1)M.","Net loss of $(50.2)M includes $(23.6)M non-cash warrant loss and $(3.4)M debt extinguishment loss.","Adjusted net loss per diluted share $(0.19) vs $(0.14) a year ago; adjusted EBITDA $(13.2)M vs $(7.1)M.","Cash at Mar 31 was $34.5M; management guides for positive adjusted EBITDA in H2 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-040463","json":"https://secwatch.observer/filing/0001213900-24-040463.json","markdown":"https://secwatch.observer/filing/0001213900-24-040463.md","text":"https://secwatch.observer/filing/0001213900-24-040463.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390024040463/0001213900-24-040463-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390024040463/ea0205081-8k_purple.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T18:48:49.996619+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7f8838b5c29ed1fe92545ced5f88fe0b65044ac7","claim":"Purple Innovation, Inc. reported the first quarter ended March 31, 2024 results: revenue $120.0 million, net income $(50.2) million.","evidence_excerpt":"first quarter ended March 31, 2024, which were in line with guidance. First Quarter Financial Summary (Comparisons versus First Quarter 2023) 1 ● Net revenue increased 12.5% to $120.0 million compared to $106.7 million. o Wholesale revenue increased 33.1% and Direct-to-Consumer (DTC) revenue was consistent with the year ago period. ● Gross margin was 34.8% compared to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1643953/000121390024040463/0001213900-24-040463-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$120.0 million"},{"label":"Net income","value":"$(50.2) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}