Purple Innovation Inc. (PRPL) Social Stream



Purple Innovation Inc. (PRPL): $3.90

0.03 (+0.78%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

Featured Post From StockTwits About PRPL

$PRPL Beat on revenues, but missed EPS, however much of the production issues are behind them.

Some positives from the earnings call.
- catching up with backlog by end of month
- will be opening 400 more doors in the next 2 quarters, these have been on hold due to product shortages
- 2 more max machines, plus a new design in testing for the future that is more efficient
- I believe Joe said more than 60% growth, going over $1B next year
-new products
-may expand internationally beyond Canada next year
- Margins should improve given lower labor in new facility and cost optimization

Long time position holding thousands
Alphasearch, published August 10, 2021

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