PRPL - Purple Innovation Non-GAAP EPS of $0.03 beats by $0.10 revenue of $143.28M beats by $4.14M
- Purple Innovation press release ( NASDAQ: PRPL ): Q3 Non-GAAP EPS of $0.03 beats by $0.10 .
- Revenue of $143.28M (-16.1% Y/Y) beats by $4.14M .
- Gross margin increased 570 basis points year-over-year to 41.5% from 35.8% in 3Q21 and increased 760 basis points compared with 33.9% in 2Q22.
- Adjusted EBITDA was $12.1 million compared to $0.6 million in 3Q21 and $(0.3) million in 2Q22.
- Cash and cash equivalents, including restricted cash, were $59.1 million at September 30, 2022.
- The Company is reiterating its previous outlook for 2022 full year revenue in the range of $570 to $590 million, which it provided on August 9, 2022 prior to the acquisition of Intellibed.
- Shares +18.77% .
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Purple Innovation Non-GAAP EPS of $0.03 beats by $0.10, revenue of $143.28M beats by $4.14M