LEHI, Utah (AP) — LEHI, Utah (AP) — Purple Innovation, Inc. (PRPL) on Tuesday reported a loss of $18.3 million in its fourth quarter.

On a per-share basis, the Lehi, Utah-based company said it had a loss of 17 cents. Losses, adjusted for non-recurring costs, were 15 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share.

The company posted revenue of $145.9 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $145.4 million.

For the year, the company reported a loss of $120.8 million, or $1.17 per share. Revenue was reported as $510.5 million.

Purple Innovation expects full-year revenue in the range of $540 million to $560 million.

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