Welcome to our dedicated page for Purple Innovatio news (Ticker: PRPL), a resource for investors and traders seeking the latest updates and insights on Purple Innovatio stock.
Purple Innovation, Inc. (NASDAQ: PRPL) delivers groundbreaking comfort solutions through its patented GelFlex® Grid technology and Hyper-Elastic Polymer innovations. This dedicated news hub provides investors and industry observers with essential updates about the company's strategic initiatives, product developments, and market positioning.
Access authoritative coverage of PRPL's material announcements including quarterly earnings, product launches, partnership agreements, and technology advancements. Our curated collection serves as a reliable resource for understanding Purple's unique approach to sleep innovation and home comfort solutions.
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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.
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