Purple is a digitally-native vertical brand with a mission to help people feel and live better through innovative comfort solutions. Purple designs and manufactures a variety of innovative, premium, branded comfort products, including mattresses, pillows, cushions, frames, sheets and more. Its products are the result of over 25 years of innovation and investment in proprietary and patented comfort technologies and the development of its own manufacturing processes. Its proprietary gel technology, Hyper-Elastic Polymer®, underpins many of Its comfort products and provides a range of benefits that differentiate its offerings from other competitors' products. Purple markets and sells its products through its direct-to-consumer online channels, traditional retail partners, third-party online retailers and its owned retail showrooms.
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
Analyst ratings and price targets
Latest filings (excl ownership)
10-K
2022 FY
Annual report
22 Mar 23
8-K
Departure of Directors or Certain Officers
21 Mar 23
DEFA14A
Additional proxy soliciting materials
16 Mar 23
8-K
Purple Innovation Reports Fourth Quarter and Full Year 2022 Results
16 Mar 23
NT 10-K
Notice of late annual filing
16 Mar 23
DFAN14A
Additional proxy materials by non-management
21 Feb 23
8-K
Entry into a Material Definitive Agreement
17 Feb 23
8-A12B
Registration of securities on exchange
14 Feb 23
DEFA14A
Additional proxy soliciting materials
14 Feb 23
8-K
Entry into a Material Definitive Agreement
14 Feb 23
Transcripts
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 Q3
10 Nov 21
PRPL
Earnings call transcript
2021 Q2
10 Aug 21
PRPL
Earnings call transcript
2021 Q1
17 May 21
PRPL
Earnings call transcript
2020 Q4
4 Mar 21
PRPL
Earnings call transcript
2020 Q3
11 Nov 20
PRPL
Earnings call transcript
2020 Q2
13 Aug 20
Latest ownership filings
4
Robert DeMartini
27 Mar 23
4
ERIC SCOTT HAYNOR
27 Mar 23
4
JEFFERY SCOTT KERBY
27 Mar 23
4
Casey Kale McGarvey
16 Mar 23
4
George Turner Ulrich
16 Mar 23
4
Jack Roddy
16 Mar 23
4/A
Robert DeMartini
15 Mar 23
4/A
Robert DeMartini
15 Mar 23
4
George Turner Ulrich
14 Mar 23
SC 13D/A
Coliseum Capital Management, LLC
21 Feb 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| 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) | 41.75 mm | 41.75 mm | 41.75 mm | 41.75 mm | 41.75 mm | 41.75 mm |
| Cash burn (monthly) | 5.80 mm | 4.16 mm | 3.71 mm | 3.37 mm | (no burn) | 2.40 mm |
| Cash used (since last report) | 16.82 mm | 12.06 mm | 10.76 mm | 9.77 mm | n/a | 6.96 mm |
| Cash remaining | 24.94 mm | 29.70 mm | 31.00 mm | 31.98 mm | n/a | 34.80 mm |
| Runway (months of cash) | 4.3 | 7.1 | 8.4 | 9.5 | n/a | 14.5 |
Institutional ownership, Q4 2022
78.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 118 |
| Opened positions | 32 |
| Closed positions | 24 |
| Increased positions | 39 |
| Reduced positions | 25 |
| 13F shares | Current |
|---|---|
| Total value | 381.02 bn |
| Total shares | 82.28 mm |
| Total puts | 252.60 k |
| Total calls | 326.40 k |
| Total put/call ratio | 0.8 |
| Largest owners | Shares | Value |
|---|---|---|
| Coliseum Capital Management | 40.85 mm | $195.69 bn |
| FMR | 11.18 mm | $53.54 bn |
| No Street GP | 4.10 mm | $19.64 bn |
| BLK Blackrock | 3.71 mm | $17.77 bn |
| Freshford Capital Management | 3.32 mm | $15.89 bn |
| Brandywine Global Investment Management | 2.79 mm | $13.34 bn |
| Vanguard | 2.63 mm | $12.60 bn |
| BAC Bank Of America | 1.80 mm | $8.60 bn |
| Schwartz Investment Counsel | 1.66 mm | $7.95 bn |
| STT State Street | 1.13 mm | $5.40 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 Mar 23 | Robert DeMartini | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 55,196 | 0.00 | 190,474 |
| 25 Mar 23 | Robert DeMartini | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 111,470 | 0.00 | 135,278 |
| 25 Mar 23 | Robert DeMartini | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 55,196 | 0.00 | 38,334 |
| 25 Mar 23 | Robert DeMartini | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 111,470 | 0.00 | 0 |
| 23 Mar 23 | Jeffery Scott Kerby | Class A Common Stock | Buy | Acquire P | No | No | 2.7698 | 23,077 | 63.92 k | 23,077 |
| 23 Mar 23 | Eric Scott Haynor | Class A Common Stock | Buy | Acquire P | No | No | 2.7499 | 138,597.55 | 381.13 k | 138,597.55 |
| 15 Mar 23 | Jack Roddy | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 10,665 | 0.00 | 26,842 |
| 15 Mar 23 | Jack Roddy | RSU Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 10,665 | 0.00 | 21,331 |
| 15 Mar 23 | George Turner Ulrich | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 4,252 | 0.00 | 5,515 |
| 15 Mar 23 | George Turner Ulrich | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 632 | 0.00 | 1,263 |
News
Meta Platforms To Rally Over 26%? Here Are 10 Other Analyst Forecasts For Tuesday
21 Mar 23
UBS Maintains Neutral on Purple Innovation, Lowers Price Target to $2.75
21 Mar 23
12 Consumer Discretionary Stocks Moving In Friday's Intraday Session
17 Mar 23
Why Baidu Shares Are Trading Higher By More Than 6%? Here Are Other Stocks Moving In Friday's Mid-Day Session
17 Mar 23
First Republic Bank, Blend Labs, Purple Innovation And Other Big Stocks Moving Lower On Friday
17 Mar 23
Press releases
Purple Innovation Special Committee Announces Coliseum Capital's Rejection of Settlement Proposal Designed to Treat All Shareholders Fairly
16 Mar 23
Purple Innovation Reports Fourth Quarter and Full Year 2022 Results
16 Mar 23
Purple to Report Fourth Quarter and Full Year 2022 Results on March 16, 2023
7 Mar 23
Coliseum Capital Files Lawsuit Against Purple Innovation Non-Executive Directors to Ensure Fair and Democratic Board Election
21 Feb 23
Purple Special Committee Takes Action to Protect Rights of All Shareholders in Face of Coliseum Capital Management's Effort to Gain Control of the Company
14 Feb 23