CSPR - Casper Sleep EPS beats by $0.03 beats on revenue

Casper Sleep (CSPR): Q4 GAAP EPS of -$0.37 beats by $0.03.Revenue of $150.3M (+18.4% Y/Y) beats by $12.43M.“Casper finished 2020 strongly with record revenue for both the fourth quarter and the full year,” said Chief Executive Officer Philip Krim. “Fourth quarter revenue growth was driven by 43% year-over-year growth in North American retail partnership revenue and 19% growth in North American direct-to-consumer revenue, which resulted in an 80% year-over-year improvement in Adjusted EBITDA. Despite the pandemic, we were able to deliver 17.4% North American revenue growth for the full year 2020, and we expect top-line growth to accelerate in 2021 with positive Adjusted EBITDA in the second half of the year.”Press Release

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Casper Sleep EPS beats by $0.03, beats on revenue