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Purple Innovation Inc (PRPL) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]

Purple Innovation, Inc. (PRPL) 
Last purple innovation, inc. earnings: 3/9 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
E-commerce Revenue: Down 15.7% year-over-year. Showroom Revenue: Relatively flat year-over-year. Wholesale Net Revenue: $47.8 million, down 20.1% year-over-year. Adjusted Gross Margin: 40.5%, an improvement of 340 basis points year-over-year. Operating Expenses: $82 million, up 2.6% year-over-year. Adjusted Net Loss: $8.4 million, compared to $19.4 million last year. Adjusted EBITDA: Negative $6.4 million, improved from negative $16.3 million last year. Adjusted Loss Per Share: 8, compared to 18 last year. Cash and Cash Equivalents: $23.4 million as of September 30, 2024. Net Inventories: $59.9 million, down 16.9% year-over-year. Advertising Spend Reduction: 36% reduction in Q3 compared to last year. Net Door Count: Reduced by 200 doors to approximately 3,300 doors. Warning! GuruFocus has detected 4 Warning Signs with PRPL. Release Date: November 04, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Show less Read more
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