Purple Innovation Inc
For the period ended Jun 30, 2024. Filed Aug 5, 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.
Jun 30, 2024 · Filed Aug 5, 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 June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues, net | $120,271 | $117,882 | $240,304 | $224,609 |
| Cost of revenues | 71,331 | 82,408 | 149,644 | 148,557 |
| Gross profit | 48,940 | 35,474 | 90,660 | 76,052 |
| Operating expenses: | ||||
| Marketing and sales | 41,377 | 46,379 | 82,839 | 84,552 |
| General and administrative | 18,117 | 26,437 | 37,845 | 50,104 |
| Research and development | 3,986 | 2,925 | 7,652 | 6,297 |
| Total operating expenses | 63,480 | 75,741 | 128,336 | 140,953 |
| Operating loss | (14,540) | (40,267) | (37,676) | (64,901) |
| Other income (expense): | ||||
| Interest expense | (4,161) | (352) | (8,635) | (554) |
| Other income, net | 53 | 37 | 4,447 | 110 |
| Loss on extinguishment of debt | — | — | (3,394) | (1,217) |
| Change in fair value – warrant liabilities | 18,693 | — | (4,906) | — |
| Total other income (expense), net | 14,585 | (315) | (12,488) | (1,661) |
| Net income (loss) before income taxes | 45 | (40,582) | (50,164) | (66,562) |
| Income tax expense | (54) | (72) | (113) | (144) |
| Net income (loss) | (9) | (40,654) | (50,277) | (66,706) |
| Net loss attributable to noncontrolling interest | (36) | (167) | (87) | (286) |
| Net income (loss) attributable to Purple Innovation, Inc. | $27 | $(40,487) | $(50,190) | $(66,420) |
| Net income (loss) per share: | ||||
| Basic | $0.00 | $(0.39) | $(0.47) | $(0.65) |
| Diluted | $(0.00) | $(0.39) | $(0.47) | $(0.65) |
| Weighted average common shares outstanding: | ||||
| Basic | 107,489 | 105,079 | 106,755 | 101,760 |
| Diluted | 107,779 | 105,079 | 106,755 | 101,760 |
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