LEHI, Utah, May 11, 2021 /PRNewswire/ -- Purple
Innovation, Inc. (NASDAQ: PRPL) ("Purple"), the leader in comfort
innovation and the creator of the renowned Purple®
Mattress, will report first quarter 2021 financial results on
Monday, May 17, 2021, at
approximately 7:00 a.m. ET. The
Company will hold a conference call that day at 8:30 a.m. ET to review the financial
results.
Investors and analysts interested in participating in the call
are invited to dial (877) 425-9470 (domestic) or (201)
389-0878 (international) and provide the Conference ID:
13719816. The conference call will also be available to interested
parties through a live webcast at investors.purple.com. Please
visit the website at least 15 minutes prior to the start of the
call to register and download any necessary software.
A telephone replay of the call will be available until
May 31, 2021, by dialing (844)
512-2921 (domestic) or (412) 317-6671 (international) and entering
the Conference ID: 13719816. Please note participants must enter
the conference identification number in order to access the
replay. After the conference call, a webcast replay will
remain available on the investor relations section of the Company's
website for 30 days.
The Company has filed a Form 12b-25, a Notification of Late
Filing, with the Securities and Exchange Commission in order to
extend the due date of its Quarterly Report on Form 10-Q for the
period ended March 31, 2021 (the
"Quarterly Report") for five calendar days, as permitted by Rule
12b-25 under the Securities Exchange
Act. In its Form 12b-25 filing the Company has advised that the
Quarterly Report could not be filed within the prescribed time
period due to the Securities and Exchange Commission's public
statement on April 12, 2021 informing
market participants that warrants issued by special purpose
acquisition companies ("SPACs") may require classification as a
liability of the entity measured at fair value, with changes in
fair value each period reported in earnings. The Company is
reviewing the impacts of the corrections on the Company's unaudited
financial statements for the quarterly period ended March 31, 2021. As a result of the foregoing, the
Company was unable to provide complete financial results for the
quarterly period ended March 31, 2021
by the required due date of May 10,
2021.
As required on Form 12b-25, the Company also provided limited
financial information related to the quarter ended March 31, 2021 compared to March 31, 2020.
The Company also filed a Form 10-K/A on May 10, 2021 to amend the Company's Annual Report
on Form 10-K for the year ended December 31,
2020 to restate the financial statement for the years ended
December 31, 2020 and 2019 and
previously issued unaudited financial statements for the periods
ended September 30, 2020 and 2019,
June 30, 2020 and 2019, and
March 31, 2020 and 2019 to reflect
the change in accounting treatment of it warrants.
About Purple
Purple is a digitally-native vertical brand with a mission
to help people feel and live better through innovative comfort
solutions. We design and manufacture a variety of innovative,
premium, branded comfort products, including mattresses, pillows,
cushions, frames, sheets and more. Our products are the result of
over 25 years of innovation and investment in proprietary and
patented comfort technologies and the development of our own
manufacturing processes. Our proprietary gel technology,
Hyper-Elastic Polymer®, underpins many of our comfort
products and provides a range of benefits that differentiate our
offerings from other competitors' products. We market and sell our
products through our direct-to-consumer online channels,
traditional retail partners, third-party online retailers and our
owned retail showrooms. For more information on Purple,
visit purple.com.
Investor Contact:
Brendon
Frey, ICR
brendon.frey@icrinc.com
203-682-8200
Purple Innovation, Inc.
Misty Bond
Director of Purple Communications
misty.b@purple.com
385-498-1851
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SOURCE Purple Innovation, Inc.