LEHI, Utah (AP) 鈥� LEHI, Utah (AP) 鈥� Purple Innovation, Inc. (PRPL) on Tuesday reported a loss of $3.2 million in its fourth quarter.
On a per-share basis, the Lehi, Utah-based company said it had a loss of 3 cents. Losses, adjusted for non-recurring costs, were 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The company posted revenue of $140.7 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $139.2 million.
For the year, the company reported a loss of $51.4 million, or 48 cents per share. Revenue was reported as $468.7 million.
For the current quarter ending in March, Purple Innovation said it expects revenue in the range of $100 million to $105 million.
The company expects full-year revenue in the range of $500 million to $520 million.
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