Purple Innovation: Q1 Earnings Insights

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Purple Innovation PRPL reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Purple Innovation beat estimated earnings by 31.43%, reporting an EPS of $-0.24 versus an estimate of $-0.35.

Revenue was down $43.25 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.08 which was followed by a 16.06% increase in the share price the next day.

Here's a look at Purple Innovation's past performance:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate -0.27 0.17 0.13
EPS Actual -0.35 -0.07 0.05 0.17
Revenue Estimate 178.99M 199.53M 176.99M 173.31M
Revenue Actual 186.43M 170.78M 182.59M 186.43M

To track all earnings releases for Purple Innovation visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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