Welcome to our dedicated page for Purple Innovation news (Ticker: $PRPL), a resource for investors and traders seeking the latest updates and insights on Purple Innovation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Purple Innovation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Purple Innovation's position in the market.
Purple Innovation, Inc. reports first quarter 2024 results in line with guidance. Net revenue increased by 12.5% to $120.0 million, with wholesale revenue up by 33.1%. Gross margin decreased to 34.8%, and operating expenses were $64.9 million. Adjusted net loss was $(20.4) million, or $(0.19) per diluted share. EBITDA was $(43.7) million, with cash and cash equivalents at $34.5 million. Purple remains confident in its innovative sleep technology for future growth.
Purple Innovation, Inc. (NASDAQ: PRPL) will report its first quarter 2024 financial results on May 7, 2024. The company, known for its innovative mattress products, will hold a conference call to review the results on the same day. Investors and analysts can participate in the call and access a webcast on the company's investor relations website.