Purple Revenue Growth Strategy
41
Historical Income Statement
purple
($ in 000's)
Revenues, net
Cost of revenues
Gross Profit
Marketing and sales
General and administrative
Research and development
Operating income (Loss)
2019
Restated
$428,358
2020
Restated
$ 648,471
10 '20
Restated
10'21
$122,375
(239,387)
(343,374)
$188,971
$ 305,097
(69,193)
$ 53,182
$186,429
(98,905)
$ 87,524
(141,975)
(187,991)
(36,684)
(54,368)
(26,918)
(39,925)
(7,548)
(14,526)
(3,864)
(5,955)
(1,445)
(1,723)
$ 16,214
71,226
$ 7,505
$ 16,907
Other income (expense), net
Interest expense
44
(34,246)
(32)
106
(5,180)
(4,654)
(1,389)
(570)
Loss on extinguish me nt of de bt
(6,299)
(5,782)
Change in fair value - warrant liabilities
(35,304)
(300,073)
21,633
9,147
Income tax bene fit (expense)
Net income (loss)
(400)
43,749
$(30,925)
$(229,780)
Net income (loss) attributable to non controlling interest
Net income (loss) attributable to Purple Innovation, Inc.
(8,352)
$(22,573)
7,087
$(236,867)
$ 16,835
(4,651)
$ 20,939
115
$ 20,824
284
$ 28,001
11,166
Net income (loss) per common share - Basic
$ (2.26)
Net income (loss) per common share - Diluted
Weighted average common shares outstanding - Basic
Weighted average common shares outstanding - Dilute d
10,006
10,006
$ (2.26)
39,219
39,219
$ (6.04) $ 0.74
$ (6.04) $ 0.43
22,675
$ 0.32
0.17
64,592
25,327
68,372
NOTE: Restatements are a result of reclassifying certain warrants as expenses instead of equity due to the SEC's recent statement regarding how warrants issued in or after a SPAC
company IPOs should be viewed for purposes of classification.View entire presentation