Purple Innovation, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 04:05 pm EDT
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Purple Innovation, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 120.87 million compared to USD 144.11 million a year ago. Net loss was USD 37.51 million compared to USD 8.34 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.36 compared to USD 0.1 a year ago.
For the six months, sales was USD 230.24 million compared to USD 287.29 million a year ago. Net loss was USD 60.81 million compared to USD 21.84 million a year ago. Basic loss per share from continuing operations was USD 0.6 compared to USD 0.29 a year ago. Diluted loss per share from continuing operations was USD 0.6 compared to USD 0.29 a year ago.
Purple Innovation, Inc. is a mattress company. The Company offers a variety of branded and premium comfort products, including mattresses, pillows, cushions, bases, sheets and others. It develops its products, through its proprietary gel technology, Hyper-Elastic Polymer. It has three mattress collections: Essentials, including the New Day, The Purple Mattress and The Purple Plus; Premium, including Restore, RestorePlus and RestorePremier, and Luxe, including Rejuvenate, RejuvenatePlus and RejuvenatePremier. It sells eight pillow models: The Purple Harmony Pillow, the Purple Freeform Pillow, the Purple DreamLayer Pillow, the Purple Harmony Anywhere Pillow, the Purple Pillow, the Purple Twin Cloud Pillow, the Purple Cloud Pillow and the Kids Pillow. It sells two types of sheets and pillowcases: Softstretch and Complete Comfort. Its Purple PerfectStay Duvet cover offers a patent-pending lay-and-zip design. It has two types of bases: The Purple Premium and Purple Premium Plus smart.
PURPLE INNOVATION, INC. 
