Purple Innovation Stock: Far From A Purple Patch (NASDAQ:PRPL)

Peaceful beautiful lady relaxing sleeping in cozy bed, top view

fizkes/iStock via Getty Images

Investment Thesis

Purple Innovation (NASDAQ:PRPL) had evolved from an online bedding company to an omni-channel brand that sells multiple mattresses across a wide range of price points. Post the outsized growth during the pandemic, the company’s fortunes

Particulars ($ mn)
H2 2023 EBITDA $10 mn
H1 2024 EBITDA $15 mn
Total NTM EBITDA $25 mn

Particulars ($ mn)
Enterprise Value $250 mn
(-) Debt $25 mn
(+) Cash $27 mn
Equity Value $252 mn
Shares O/S 102k
Target Share Price $2.5

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *