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Purple Innovation Inc   (PRPL)
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Price: $1.5600 $0.06 4.000%
Day's High: $1.62 Week Perf: -20.41 %
Day's Low: $ 1.49 30 Day Perf: 10.64 %
Volume (M): 1,328 52 Wk High: $ 3.78
Volume (M$): $ 2,071 52 Wk Avg: $1.98
Open: $1.49 52 Wk Low: $0.55



 Market Capitalization (Millions $) 163
 Shares Outstanding (Millions) 104
 Employees 758
 Revenues (TTM) (Millions $) 519
 Net Income (TTM) (Millions $) -129
 Cash Flow (TTM) (Millions $) -14
 Capital Exp. (TTM) (Millions $) 18

Purple Innovation Inc
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 LEHI 84043 UT
   Company Phone Number: 756-2600   Stock Exchange / Ticker: NASDAQ PRPL
   PRPL is expected to report next financial results on March 21, 2024.


   

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Purple Innovation Inc

Purple Innovation Inc Faces Increased Losses and Declining Revenue in Q2 2023

Purple Innovation Inc, a Furniture & Fixtures company, recently released their financial results for the second quarter of 2023. These results indicate a worsening deficit per share compared to the previous year and the prior quarter. The revenue also declined significantly compared to the same quarter a year ago, but showed an increase compared to the previous quarter.
The deficit per share for Purple Innovation Inc in the second quarter of 2023 was $-0.36, which is a significant decrease from $-0.10 per share in the same quarter a year ago. This indicates that the company's losses have increased over the past year. Additionally, the deficit per share increased from $-0.24 in the prior quarter. These figures suggest that Purple Innovation Inc is facing financial challenges and struggling to turn a profit.

Purple Innovation Inc

Purple Innovation Inc Faces Substantial Revenue Decline in First Quarter of 2023

Purple Innovation Inc, formerly known as Purple Innovation LLC, is a United States-based company that is best known for its proprietary hyper-elastic polymer bed mattress. The brand has gained recognition for its unique and innovative approach to sleep comfort, which sets it apart from traditional foam or spring mattresses. However, the company?s recent financial reports revealed that it had experienced a weak business quarter that resulted in a significant increase in losses.
The first quarter of 2023 financial report showed that the company had incurred a net deficit per share of $-0.24, up from $-0.20 the previous year. Also, revenue went down by -23.612 % to $109.37 million from $143.18 million a year before. This decline was a significant contrast to the Q4 earnings report, which showed revenue had fallen only by -24.635 % from $145.12 million.






 

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