Purple Innovation Inc

NASDAQ:PRPLUnited States

NASDAQ FSI:D. Deficient (Issuer failed to meet continued listing requirements)

Nov 4, 2024

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• -- Earnings Flash (PRPL) PURPLE INNOVATION Posts Q3 Revenue $118.6M, from 4:27PM ET on Monday Nov 04, 2024 by MT Newswires

  4:27PM ET on Monday Nov 04, 2024 by MT Newswires
  Companies Mentioned: PRPL
  04:27 PM EST, 11/04/2024 (MT Newswires) -- ...

• -- Earnings Flash (PRPL) PURPLE INNOVATION LLC Posts Q3 Loss $-0.08, from 4:27PM ET on Monday Nov 04, 2024 by MT Newswires

  4:27PM ET on Monday Nov 04, 2024 by MT Newswires
  Companies Mentioned: PRPL
  04:27 PM EST, 11/04/2024 (MT Newswires) -- ...

• Purple Innovation Reports Third Quarter 2024 Results, from 4:05PM ET on Monday Nov 04, 2024 by PR Newswire

  4:05PM ET on Monday Nov 04, 2024 by PR Newswire
  Companies Mentioned: PRPL

  Restructuring Initiatives are On Track and Delivering Significant Margin Improvement

  GAAP Gross Margin of 29.7%; Adjusted Gross Margin Improved 340bps versus Last Year to 40.5%

  Adjusted EBITDA Loss Narrowed Notably to $(6.4) Million versus $(16.3) Million Last Year

• Purple Innovation Reports Third Quarter 2024 Results, from 4:05PM ET on Monday Nov 04, 2024 by Dow Jones

  4:05PM ET on Monday Nov 04, 2024 by Dow Jones
  Companies Mentioned: PRPL
  
  Our presentation of adjusted net income assumes that all net income is attributable to Purple Innovation, Inc. (i.e. there is no allocation of net income or loss to noncontrolling interests), which assumes the full exchange at the beginning of the period of all outstanding Paired Securities for shares of Class A common stock of Purple Innovation, Inc., adjusted for certain nonrecurring items that we do not believe directly reflect our core operations. Adjusted net income per share, diluted, is calculated by dividing adjusted net income by the total shares of Class A common stock outstanding plus any dilutive warrants, options and restricted stock as calculated in accordance with GAAP and assuming the full exchange of all outstanding Paired Securities as of the beginning of each period presented. Adjusted net loss and adjusted net loss per diluted share, are supplemental measures of operating performance that do not represent, and should not be considered, alternatives to net loss and earnings per share, as calculated in accordance with GAAP. We believe adjusted net loss and adjusted net loss per diluted share, supplement GAAP measures and enable us to more effectively evaluate our performance period-over-period. A reconciliation of net loss, the most directly comparable GAAP measure, to adjusted net loss and the computation of adjusted net loss per diluted share, are set forth below: