Purple Innovation Inc

NASDAQ:PRPLUnited States

May 7, 2024

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• -- Earnings Flash (PRPL) PURPLE INNOVATION Reports Q1 Revenue $120M, vs. Street Est of $122.1M, from 4:19PM ET on Tuesday May 07, 2024 by MT Newswires

  4:19PM ET on Tuesday May 07, 2024 by MT Newswires
  Companies Mentioned: PRPL
  04:19 PM EDT, 05/07/2024 (MT Newswires) -- ...

• Purple Innovation Reports First Quarter 2024 Results, from 4:05PM ET on Tuesday May 07, 2024 by PR Newswire

  4:05PM ET on Tuesday May 07, 2024 by PR Newswire
  Companies Mentioned: PRPL

  Purple Innovation, Inc. (NASDAQ: PRPL), a comfort innovation company known for creating the "World's First No Pressure ™ Mattress," today announced results for the first quarter ended March 31, 2024, which were in line with guidance.

• Purple Innovation Reports First Quarter 2024 Results, from 4:05PM ET on Tuesday May 07, 2024 by Dow Jones

  4:05PM ET on Tuesday May 07, 2024 by Dow Jones
  Companies Mentioned: PRPL
  taxes(4) 7,127 4,895 -------- -------- -------- -------- Adjusted net loss $(20,389) 106,227 $(0.19) $(14,006) 98,852 $(0.14) ======== ======== ======== ======== (1) Represents net income attributable to Purple Innovation, Inc. and the associated weighted average dilutive shares, of Class A common stock outstanding. (2) Assumes the addition of net income attributable to noncontrolling interests corresponding with the assumed exchange of the Paired Securities for shares of Class A common stock. For the three months ended March 31, 2023, the assumed full exchange of all outstanding Paired Securities for shares of Class A common stock as of the beginning of the period was included in the calculation of the Weighted Average Shares, Diluted on the previous line as the effect was dilutive. (3) Represents the total impact of all adjustments identified in the adjusted net income table above to arrive at adjusted income before income taxes. Also assumes the dilutive warrants, options and restricted stock as calculated in accordance with GAAP. (4) Represents the estimated effective tax rate of 25.9% for the three months ended March 31, 2024 and 2023, applied to adjusted net income before income taxes. The estimated effective tax rates are what the Company would be subject to and consist of the combined federal statutory tax rate and the Company's blended state tax rates, assuming no valuation allowance.
  

• *DJ Purple Innovation 1Q Loss/Shr 47c >PRPL, from 4:05PM ET on Tuesday May 07, 2024 by Dow Jones

  4:05PM ET on Tuesday May 07, 2024 by Dow Jones
  Companies Mentioned: PRPL
  taxes(4) 7,127 4,895 -------- -------- -------- -------- Adjusted net loss $(20,389) 106,227 $(0.19) $(14,006) 98,852 $(0.14) ======== ======== ======== ======== (1) Represents net income attributable to Purple Innovation, Inc. and the associated weighted average dilutive shares, of Class A common stock outstanding. (2) Assumes the addition of net income attributable to noncontrolling interests corresponding with the assumed exchange of the Paired Securities for shares of Class A common stock. For the three months ended March 31, 2023, the assumed full exchange of all outstanding Paired Securities for shares of Class A common stock as of the beginning of the period was included in the calculation of the Weighted Average Shares, Diluted on the previous line as the effect was dilutive. (3) Represents the total impact of all adjustments identified in the adjusted net income table above to arrive at adjusted income before income taxes. Also assumes the dilutive warrants, options and restricted stock as calculated in accordance with GAAP. (4) Represents the estimated effective tax rate of 25.9% for the three months ended March 31, 2024 and 2023, applied to adjusted net income before income taxes. The estimated effective tax rates are what the Company would be subject to and consist of the combined federal statutory tax rate and the Company's blended state tax rates, assuming no valuation allowance.