Purple Innovation Reports Fourth Quarter and Full Year 2024 Results
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Purple Innovation, Inc. (NASDAQ: PRPL) reported its Q4 and full-year 2024 results, highlighting a return to positive adjusted EBITDA and cash flow. The company achieved a GAAP gross margin of 42.9% in Q4 and improved its adjusted gross margin by over 810 basis points compared to the previous year. Additionally, Purple secured a $19 million term loan to support further investments in innovation and advertising.
March 13, 2025 | 8:15 pm
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Purple Innovation reported a return to positive adjusted EBITDA and cash flow in Q4 2024, with a GAAP gross margin of 42.9%. The company also improved its adjusted gross margin significantly and secured a $19 million term loan for future investments.
The return to positive adjusted EBITDA and cash flow is a significant turnaround for Purple Innovation, indicating improved financial health. The increase in gross margin and the new term loan for investments suggest potential for future growth, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100