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Dec 31, 2019
Purple Q4 2019 Earnings Report
Purple Innovation reported Q4 2019 results with a net revenue increase of 58% to $124.3 million.
Key Takeaways
Purple Innovation reported strong Q4 2019 results, with net revenue increasing by 58% to $124.3 million. The company's gross margin improved to 47.7%, and operating income was $2.8 million, a significant improvement from the prior year. The growth was driven by strength in both the wholesale and DTC channels.
Net revenue increased by 58.3% to $124.3 million compared to Q4 2018.
Gross margin improved to 47.7% compared to 34.2% in the prior year period.
Operating income was $2.8 million compared to an operating loss of $(5.2) million in the prior year period.
Net loss was $(12.7) million, impacted by a $13.4 million non-cash loss associated with the change in fair value of warrant liabilities.
Forward Guidance
The Company expects continued growth, driven by product innovation and marketing strategies.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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