New York, New York – Sales at bed-in-a-box company Casper in 2020 were $479m in 2020, up 9.0% on the previous financial year.
Casper 2020 sales up 9%, losses fall
Adjusted EBITDA was a loss of $45.3m 2020; the loss in 2019 was $13.4m greater in 2019, at $58.7m.
CEO Philip Krim said: '[The company] finished 2020 strongly with record revenue for both the fourth quarter and the full year. Fourth quarter revenue was driven by 43% year-over-year growth in north American retail revenue and 19% direct to consumer revenue.'
This fed through to the adjusted EBITDA line, and the improvement here got better in the second half of the year.
He said that supply chains in 2020 had been 'challenging', but that the business is positioned for growth and better profitability in 2021.