PRPL - Purple Innovation EPS misses by $0.22 misses on revenue

Purple Innovation (NASDAQ:PRPL): Q3 Non-GAAP EPS of -$0.07 misses by $0.22; GAAP EPS of -$0.05 misses by $0.21. Revenue of $170.8M (-8.7% Y/Y) misses by $27.53M. Shares -25%. Press Release Gross profit was 35.8% compared to 47.2% in 2020 and 45.0% in 2019. Operating loss was $(6.6) million compared to operating income of $24.3 million in 2020 and operating income of $11.0 million 2019. For 2021, the company expects net revenue to be between $720M-$740M (consensus: $818.04M) and adjusted EBITDA between $15M-$25M.

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Purple Innovation EPS misses by $0.22, misses on revenue