NASDAQ$PRPL
Purple Innovation Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Purple Innovation reported record results with a 40% increase in net revenue and a 171% increase in operating income for the fourth quarter of 2020.
Purple Innovation reported a strong fourth quarter, with net revenue increasing by 40% and operating income increasing by 171%. The company's DTC channel saw a 57% increase, driven by strong mattress sales and higher demand for other products. Purple Innovation is optimistic about 2021, estimating full year revenue to be in the range of $840 to $880 million.
- Net revenue increased by 39.9% to $173.9 million compared to Q4 2019.
- Operating income increased by 171.1% to $7.5 million compared to Q4 2019.
- Net loss was $(2.1) million compared to a net loss of $(12.7) million in Q4 2019.
- Adjusted net income was $5.0 million, or $0.07 per diluted share, compared to $1.2 million, or $0.02 per diluted share in Q4 2019.
Headline financials
Revenue & EPS history
Purple · Revenue · Quarterly
$174M
Forward guidance
The Company currently expects full year revenue to be in the range of $840 to $880 million, an increase of 30% to 36% over 2020 results.
Tailwinds
- Full year revenue to be in the range of $840 to $880 million, an increase of 30% to 36% over 2020 results.
- Adjusted EBITDA for 2021 is expected to be between $90 million and $100 million.
- Capital expenditures for 2021 to be in the range of $45 to $50 million.
- Revenue to be in the range of $160 to $170 million for Q1 2021.
- Adjusted EBITDA between $11 million and $14 million for Q1 2021.
Headwinds
- Significant mix-shift back to wholesale expected in Q2 2021.
- Second quarter adjusted EBITDA margins will be correspondingly lower than last year.
- Continued investment in the buildout of the new Georgia facility.
- New e-commerce platform investments.
- Seasonality and investments in expanding capacity necessary for 2021 targets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2020
-3.8%
Avg return
Earnings day
-2.2%
Avg return
5 days after
-3.0%
Avg return
30 days after
38%
16 / 42 earnings
Positive
+19.5%
Q2 2019
Best reaction
-38.5%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +0.2% | +1.1% | — | |
| Q1 2026 | -17.1% | -22.5% | -36.2% | |
| Q3 2025 | -10.1% | -5.5% | -7.2% | |
| Q1 2025 | +6.6% | +26.3% | +3.9% | |
| Q4 2024 | -2.9% | -3.9% | -20.3% | |
| Q3 2024 | -9.1% | -8.2% | +9.3% | |
| Q2 2024 | -13.6% | -16.8% | -12.8% | |
| Q1 2024 | -10.0% | -9.4% | -31.2% | |
| Q4 2023 | -15.3% | -20.4% | -9.2% | |
| Q3 2023 | -38.5% | -33.5% | +35.8% | |
| Q2 2023 | -22.8% | -24.4% | -27.7% | |
| Q1 2023 | +15.5% | +16.3% | +15.9% | |
| Q4 2022 | -18.5% | -21.5% | -21.8% | |
| Q3 2022 | +16.7% | +38.9% | +38.6% | |
| Q2 2022 | -7.6% | -6.4% | -28.7% | |
| Q1 2022 | -4.9% | +28.8% | +38.7% | |
| Q4 2021 | +10.5% | +25.7% | -2.8% | |
| Q3 2021 | -23.8% | -29.9% | -46.0% | |
| Q2 2021 | +4.0% | +4.7% | -8.8% | |
| Q1 2021 | +3.5% | -7.0% | -18.8% | |
| Q4 2020 | -13.7% | -13.8% | -13.1% | |
| Q3 2020 | -4.7% | -0.4% | +2.3% | |
| Q2 2020 | -13.8% | -17.2% | -5.9% | |
| Q1 2020 | +6.9% | +1.1% | +25.3% | |
| Q4 2019 | -19.6% | -37.2% | -51.5% | |
| Q3 2019 | +15.1% | +3.0% | +5.3% | |
| Q2 2019 | +19.5% | +12.6% | +41.8% | |
| Q1 2019 | +10.3% | +13.7% | +9.9% | |
| Q4 2018 | -4.2% | -6.1% | -10.3% | |
| Q3 2018 | -7.6% | +11.1% | +10.9% | |
| Q2 2018 | -12.9% | -11.5% | -22.9% | |
| Q1 2018 | +1.6% | +5.6% | +19.7% | |
| Q4 2017 | -1.5% | +19.4% | +6.8% | |
| Q3 2017 | +0.1% | +0.0% | -0.6% | |
| Q2 2017 | +0.7% | +0.6% | -0.2% | |
| Q1 2017 | +0.2% | -0.3% | -0.5% | |
| Q4 2016 | -0.5% | +0.9% | -0.6% | |
| Q3 2016 | +0.0% | +0.0% | -1.0% | |
| Q2 2016 | +0.0% | +0.0% | +0.2% | |
| Q1 2016 | +0.2% | — | — | |
| Q4 2015 | +0.0% | — | — | |
| Q3 2015 | +0.0% | — | — |
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