| Market Capitalization (Millions $) |
17 |
| Shares
Outstanding (Millions) |
4 |
| Employees |
1,100 |
| Revenues (TTM) (Millions $) |
446 |
| Net Income (TTM) (Millions $) |
-70 |
| Cash Flow (TTM) (Millions $) |
6 |
| Capital Exp. (TTM) (Millions $) |
8 |
Business Description
Purple Innovation Inc. is a Utah-based company that specializes in developing and marketing high-tech sleep products, such as mattresses, pillows, and cushions, all of which are designed to enhance the quality of sleep. The company was founded in 1989 by two brothers, Terry and Tony Pearce, who were both engineers. Initially, the company focused on developing medical cushions for wheelchair users, but eventually branched out to develop sleep products for the broader consumer market.
Today, Purple Innovation is known for its innovative and cutting-edge products, which utilize a patented Hyper-Elastic Polymer material. This unique material, which was developed by the Pearce brothers, is designed to provide optimal support and comfort to users while also promoting proper alignment of the spine. The material is also incredibly durable, with exceptional pressure distribution properties, and enhances airflow, allowing for optimal temperature regulation and a cooler sleep surface. These properties make Purplees products a popular choice for customers who suffer from back pain, insomnia, or other sleep-related issues.
Purple's product line includes the Purple Mattress, Purple Pillows, Purple Seat Cushions, Purple Sheets, and Purple Bed Frames. All of these products have been well received by customers and have received numerous positive reviews from independent product testing organizations.
In addition to its focus on product development and marketing, Purple Innovation has also made significant efforts to reduce its environmental impact. The companyes manufacturing processes are designed to reduce waste and reduce the amount of energy consumed in the production of its products. Furthermore, Purple has partnered with various organizations to develop programs that focus on environmental conservation, waste reduction, and energy efficiency.
Overall, Purple Innovation Inc. is a company that epitomizes the spirit of innovation and technological advancement. Its cutting-edge products, commitment to excellence, and focus on environmental sustainability make it an industry leader and a preferred choice for customers worldwide who are looking for a comfortable and restful sleep experience.
Company Address: 4100 NORTH CHAPEL RIDGE ROAD Zagreb 84043 City of Zagreb
Company Phone Number: 756-2600 Stock Exchange / Ticker: NASDAQ PRPL
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42.41 %