Purple Innovation Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
PRPL$1.80-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(unaudited – in thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues, net | $120,033 | $106,727 |
| Cost of revenues | 78,313 | 66,149 |
| Gross profit | 41,720 | 40,578 |
| Operating expenses: | ||
| Marketing and sales | 41,462 | 38,173 |
| General and administrative | 19,728 | 23,667 |
| Research and development | 3,666 | 3,372 |
| Total operating expenses | 64,856 | 65,212 |
| Operating loss | (23,136) | (24,634) |
| Other income (expense): | ||
| Interest expense | (4,474) | (202) |
| Other income, net | 4,394 | 73 |
| Loss on extinguishment of debt | (3,394) | (1,217) |
| Change in fair value – warrant liabilities | (23,599) | — |
| Total other expense, net | (27,073) | (1,346) |
| Net loss before income taxes | (50,209) | (25,980) |
| Income tax expense | (59) | (72) |
| Net loss | (50,268) | (26,052) |
| Net loss attributable to noncontrolling interest | (51) | (119) |
| Net loss attributable to Purple Innovation, Inc. | $(50,217) | $(25,933) |
| Net loss per share: | ||
| Basic | $(0.47) | $(0.26) |
| Diluted | $(0.47) | $(0.26) |
| Weighted average common shares outstanding: | ||
| Basic | 106,022 | 98,404 |
| Diluted | 106,022 | 98,852 |
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