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Stock impact report

Purple Innovation Reports Second Quarter 2018 Results

Purple Innovation, Inc. (PRPL) 
Last purple innovation, inc. earnings: 3/9 04:05 pm Check Earnings Report
Company Research Source: PR Newswire
ALPINE, Utah, Aug. 9, 2018 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort technology company known for creating the "World's First No Pressure ™ Mattress," today announced strong continued revenue growth for the second quarter ended June 30, 2018. Second Quarter Financial Summary (Comparisons versus Second Quarter 2017)1Net revenue increased 58.1% to $75.4 million, compared to $47.7 million. Gross margin was 43.8% compared to 44.4%. Operating loss was $(3.5) million compared to operating income of $3.6 million. Adjusted operating loss was $(2.9) million compared to adjusted operating income of $4.0 million. Net loss was $(4.3) million compared to a net income of $3.6 million. EBITDA was $(2.9) million compared to $3.8 million. Adjusted EBITDA was $(2.3) million compared to $4.1 million.  1Reconciliations for non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the "RECONCILIATION OF GA Show less Read more
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