Purple Innovation (PRPL) Prices 7.308M Shares Secondary Offering at $30/Sh

After-Hours Stock Movers 05/18: (LPTH) (PRPL) (TTWO) Higher; (IOVA) (QUIK) (LAD) Lower (more...)

May 18, 2021 5:52 PM EDT

After-Hours Stock Movers

LightPath Technologies, Inc. (NASDAQ: LPTH) 19.2% HIGHER; announced that NASA's Jet Propulsion Laboratory (JPL) recently confirmed that optical elements manufactured by our subsidiary, ISP Optics, is supporting the Mars Curiosity Rover's efforts in the NASA Science Exploration Program.

Iovance Biotherapeutics, Inc. (NASDAQ: IOVA) 9% LOWER; announced receipt of regulatory feedback from the U.S. Food and Drug Administration (FDA) regarding... More

Purple Innovation (PRPL) Announces Proposed 7.309M Share Secondary Offering

May 18, 2021 4:37 PM EDT

Purple Innovation, Inc. (NASDAQ: PRPL), a leader in comfort innovation and the creator of the renowned Purple® Mattress, today announced the launch of an underwritten secondary public offering of 7,308,792 shares of its Class A common stock to be sold by Coliseum Capital Partners, L.P., Coliseum Co-Invest Debt Fund, L.P., Blackwell Partners LLC Series A, and Coliseum Capital Co-Invest III, L.P. (collectively, the "Selling Stockholders"). The underwriters have a 30-day option period to purchase up to 1,096,318... More

Purple Innovation (PRPL) PT Raised to $38 at Raymond James

May 18, 2021 7:18 AM EDT

Raymond James analyst Bobby Griffin raised the price target on Purple Innovation (NASDAQ: PRPL) to $38.00 (from $32.00) while maintaining a Outperform rating.... More

Purple Innovation (PRPL) PT Raised to $37 at Wedbush

May 18, 2021 6:35 AM EDT

Wedbush analyst Seth Basham raised the price target on Purple Innovation (NASDAQ: PRPL) to $37.00 (from $32.00) while maintaining a Outperform rating.... More

Purple Innovation (PRPL) Tops Q1 EPS by 7c, Revenues Beat; Raises FY21 Revenues Mid-Point Guidance Above Consensus, 2Q Revs. View Above Consensus

May 17, 2021 7:05 AM EDT

Purple Innovation (NASDAQ: PRPL) reported Q1 EPS of $0.17, $0.07 better than the analyst estimate of $0.10. Revenue for the quarter came in at $186.4 million versus the consensus estimate of $167.16 million.

First Quarter Financial Summary (Comparisons versus First Quarter 2020)1

Net revenue increased 52.3% to $186.4 million, compared to $122.4 million.Direct-to-Consumer (DTC) revenue increased 54.8%; Wholesale revenue increased 47.6%.Gross margin improved to 46.9% compared to 43.5%.Operating expenses as a percent of net revenue were 37.9% compared to 37.3%.Operating income increased 125.3% to $16.9 million compared to operating income of $7.5 million.Net income was $20.9... More