Added to YB: 2024-03-14
Pitch date: 2024-03-14
PRPL [bullish]
Purple Innovation, Inc.
-44.75%
current return
Author Info
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Company Info
Purple Innovation, Inc. designs, manufactures, and sells sleep and other products in the United States and internationally.
Market Cap
$85.0M
Pitch Price
$1.49
Price Target
2.50 (+204%)
Dividend
N/A
EV/EBITDA
23.77
P/E
-1.49
EV/Sales
0.56
Sector
Household Durables
Category
turnaround
Position Update: $PRPL Earnings
PRPL: Q4 '23 earns up with new products; Q1 '24 rev guidance low-mid teens growth. Narrowing Q4 op loss to $16.2M; inventory down 8.6%. Cautious FY '24 guidance at $560M rev, ($10M) EBITDA vs. expected $576M & $9M. Management's strategy gaining traction despite soft outlook. PT $2.5 despite 15% post-earnings dip.
Read full article (2 min)