Purple Innovation Inc
For the period ended Sep 30, 2024. Filed Nov 4, 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.
Sep 30, 2024 · Filed Nov 4, 2024
PRPL$1.80-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(unaudited – in thousands, except per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues, net | $118,598 | $139,996 | $358,902 | $364,605 |
| Cost of revenues: | ||||
| Cost of revenues | 70,546 | 92,687 | 220,190 | 241,244 |
| Cost of revenues - restructuring related charges | 12,859 | — | 12,859 | — |
| Total cost of revenues | 83,405 | 92,687 | 233,049 | 241,244 |
| Gross profit | 35,193 | 47,309 | 125,853 | 123,361 |
| Operating expenses: | ||||
| Marketing and sales | 42,939 | 52,816 | 125,778 | 137,368 |
| General and administrative | 17,266 | 17,524 | 55,111 | 67,628 |
| Research and development | 2,920 | 2,704 | 10,572 | 9,001 |
| Restructuring, impairment and other related charges | 18,881 | — | 18,881 | — |
| Loss on impairment of goodwill | — | 6,879 | — | 6,879 |
| Total operating expenses | 82,006 | 79,923 | 210,342 | 220,876 |
| Operating loss | (46,813) | (32,614) | (84,489) | (97,515) |
| Other income (expense): | ||||
| Interest expense | (4,394) | (594) | (13,029) | (1,148) |
| Other income, net | 7,165 | 205 | 11,612 | 315 |
| Change in fair value – warrant liabilities | 4,795 | — | (111) | — |
| Loss on extinguishment of debt | — | (3,114) | (3,394) | (4,331) |
| Total other income (expense), net | 7,566 | (3,503) | (4,922) | (5,164) |
| Net loss before income taxes | (39,247) | (36,117) | (89,411) | (102,679) |
| Income tax expense | (63) | (18) | (176) | (162) |
| Net loss | (39,310) | (36,135) | (89,587) | (102,841) |
| Net loss attributable to noncontrolling interest | (82) | (131) | (169) | (417) |
| Net loss attributable to Purple Innovation, Inc. | $(39,228) | $(36,004) | $(89,418) | $(102,424) |
| Net loss per share: | ||||
| Basic | $(0.36) | $(0.34) | $(0.84) | $(0.99) |
| Diluted | $(0.36) | $(0.34) | $(0.84) | $(0.99) |
| Weighted average common shares outstanding: | ||||
| Basic | 107,508 | 105,326 | 107,008 | 102,962 |
| Diluted | 107,508 | 105,326 | 107,008 | 102,962 |
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