Purple Innovation Q2 net revenue up 2% to $120.3M; net income breakeven vs loss of $40.5M

Purple Innovation, Inc.

2024-Q2 EPS reported -$0.47 revenue$240,304,000

Gross margin improved to 40.7% from 30.1% on production efficiencies and product mix.
Operating loss narrowed to $(14.5)M from $(40.3)M; adjusted EBITDA loss $(4.1)M vs $(21.5)M.
Adjusted net loss per diluted share $(0.13) vs $(0.23) in prior year quarter.
Cash and equivalents $23.4M; company issued revised 2024 net revenue guidance.

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