purple exists to help people feel better. from our innovative comfort technology to our entertainingly informative advertising, we strive to bring relief from the discomfort, the boring, the outdated, and the mundane. ultimately, we endeavor to change the lives of one billion people with our revolutionary smart comfort grid™. it all started with two brothers and a dream. tony pearce, an aeronautical engineer, and terry pearce, a distinguished engineer, set out to make the world a more comfortable place. they began their journey in 1989 with carbon fiber sporting goods and wheelchairs, then quickly learned that what the world really needed was better cushioning material. within just a few years, the smart comfort grid™ was born. with dozens of trademarks and patents, the pearce brothers’ life-changing technologies appeared in critical-care hospital beds, medical devices, shoes, toys, backpacks, and so much more. over the decades, the pearces perfected both the technology and the manufac
Company profile
Ticker
PRPL
Exchange
Website
CEO
Joseph B. Megibow
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Global Partner Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
Purple Innovation, LLC • Intellibed, LLC ...
PRPL stock data
Latest filings (excl ownership)
S-3
Shelf registration
21 Mar 24
8-K
Regulation FD Disclosure
14 Mar 24
S-8
Registration of securities for employees
14 Mar 24
10-K
2023 FY
Annual report
12 Mar 24
8-K
Purple Innovation Reports Fourth Quarter and Full Year 2023 Results
12 Mar 24
8-K
Unregistered Sales of Equity Securities
6 Mar 24
8-K
Separation Agreement and General Release
5 Feb 24
8-K
Departure of Directors or Certain Officers
26 Jan 24
8-K
Purple Innovation Strengthens Balance Sheet, Creating Greater Financial Flexibility
23 Jan 24
8-K
Purple Announces Positive Black Friday/Cyber Monday Weekend Selling Period and Reiterates 2023 Full Year Outlook Ahead of Investor Conferences
4 Dec 23
Transcripts
PRPL
Earnings call transcript
2023 Q4
12 Mar 24
PRPL
Earnings call transcript
2023 Q3
9 Nov 23
PRPL
Earnings call transcript
2023 Q2
9 Aug 23
PRPL
Earnings call transcript
2023 Q1
10 May 23
PRPL
Earnings call transcript
2022 Q4
16 Mar 23
PRPL
Earnings call transcript
2022 Q3
10 Nov 22
PRPL
Earnings call transcript
2022 Q2
10 Aug 22
PRPL
Earnings call transcript
2022 Q1
11 May 22
PRPL
Earnings call transcript
2021 Q4
1 Mar 22
PRPL
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 26.61 mm | 26.61 mm | 26.61 mm | 26.61 mm | 26.61 mm | 26.61 mm |
Cash burn (monthly) | 114.33 k | 2.71 mm | 10.87 mm | 8.44 mm | 5.92 mm | 4.51 mm |
Cash used (since last report) | 762.86 k | 18.09 mm | 72.54 mm | 56.34 mm | 39.49 mm | 30.08 mm |
Cash remaining | 25.84 mm | 8.51 mm | -45.93 mm | -29.74 mm | -12.88 mm | -3.48 mm |
Runway (months of cash) | 226.0 | 3.1 | -4.2 | -3.5 | -2.2 | -0.8 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 100 |
Opened positions | 6 |
Closed positions | 18 |
Increased positions | 20 |
Reduced positions | 40 |
13F shares | Current |
---|---|
Total value | 161.23 bn |
Total shares | 111.24 mm |
Total puts | 49.50 k |
Total calls | 92.40 k |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
Coliseum Capital Management | 46.86 mm | $80.12 bn |
InnoHold | 16.75 mm | $222.78 mm |
FMR | 11.70 mm | $20.01 bn |
No Street GP | 6.10 mm | $10.43 bn |
BLK Blackrock | 3.94 mm | $6.74 bn |
Vanguard | 3.15 mm | $5.38 bn |
Freshford Capital Management | 2.99 mm | $5.11 bn |
Stratos Wealth Partners | 2.79 mm | $4.77 bn |
Wasatch Advisors | 1.65 mm | $2.81 bn |
Fund 1 Investments | 1.52 mm | $2.59 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Mar 24 | Robert DeMartini | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 128,333 | 0.00 | 463,669 |
25 Mar 24 | Robert DeMartini | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 38,334 | 0.00 | 335,336 |
25 Mar 24 | Robert DeMartini | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 128,333 | 0.00 | 166,667 |
25 Mar 24 | Robert DeMartini | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 38,334 | 0.00 | 0 |
22 Mar 24 | George Turner Ulrich | Class A Common Stock | Buy | Acquire P | No | No | 1.5152 | 4,000 | 6.06 k | 16,874 |
15 Mar 24 | Eric Scott Haynor | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 14,096 | 0.00 | 165,264.55 |
15 Mar 24 | Eric Scott Haynor | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 14,096 | 0.00 | 28,194 |
15 Mar 24 | Robert DeMartini | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 56,528 | 0.00 | 297,002 |
15 Mar 24 | Robert DeMartini | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 56,528 | 0.00 | 113,057 |
15 Mar 24 | Jeffrey Layne Hutchings | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 11,235 | 0.00 | 21,061 |
News
12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session
5 Apr 24
12 Consumer Discretionary Stocks Moving In Monday's After-Market Session
25 Mar 24
Roth MKM Reiterates Buy on Purple Innovation, Maintains $2.5 Price Target
21 Mar 24
Purple Innovation Analysts Boost Their Forecasts After Upbeat Q4 Results
13 Mar 24
Roth MKM Upgrades Purple Innovation to Buy, Raises Price Target to $2.5
13 Mar 24
Press releases
Inducement Grants to Executive Officers
14 Mar 24
Purple Innovation Reports Fourth Quarter and Full Year 2023 Results
12 Mar 24
Purple to Report Fourth Quarter and Full Year 2023 Results on March 12, 2024
27 Feb 24
Small Cap Finds Mid-Week Success
24 Jan 24
Purple Innovation Strengthens Balance Sheet, Creating Greater Financial Flexibility to Execute Growth Strategy
23 Jan 24