TPX - Purple Innovation Inc.: +30% Upside On Strong Growth And Early Stage Profitability
Purple Innovation Inc. (NYSE:PRPL) designs and manufactures mattresses and related bedding items like cushions, pillows, and sheets. The products are recognized for having a unique design featuring its proprietary 'Hyper-Elastic Polymer' which Purple markets as based advanced technologies to provide "superior comfort". The company has been successful in driving sales for its direct to consumer online portal along with a growing wholesale distribution network through heavy advertising supported by positive customer reviews. Growth has been strong and accompanied by profitability this year. This article takes a look at the recent earnings release and