Recap: Purple Innovation Q1 Earnings

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Purple Innovation PRPL reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM.

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

Earnings

Purple Innovation beat estimated earnings by 7.69%, reporting an EPS of $-0.12 versus an estimate of $-0.13.

Revenue was down $33.81 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.04 which was followed by a 19.7% drop in the share price the next day.

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

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.06 -0.05 0.05 -0.35
EPS Actual -0.10 0.03 -0.11 -0.24
Revenue Estimate 144.16M 139.18M 156.05M 129.26M
Revenue Actual 145.12M 143.28M 144.11M 143.18M

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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