Purple Innovation revises 2024 guidance: revenue $486-$488M, adjusted EBITDA $(23)-$(21)M

Purple Innovation, Inc.

2024-FY EPS reported -$0.91 revenue$487,877,000

New FY 2024 net revenue range $486M-$488M, down from prior $490M-$510M.
New adjusted EBITDA range $(23)M-$(21)M, narrowing from $(20)M-$(10)M.
Expects positive cash flow and adjusted EBITDA in Q4 2024, a strategic milestone.
CEO Rob DeMartini cited challenging macro environment for the slight downward revision.
Management to present at ICR Conference on January 13, 2025 at 3:00 p.m. ET.

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