Lehi, Utah — Purple Innovation, a direct-to-consumer bed-in-a-box marketing firm, generated Sales of $428.4m in 2019 up 49.9% on the previous financial year.
Purple's adjusted EBITDA in black in 2019
Adjusted EBITDA across the business and reached $33.4m in 2019. This compares with a loss of $10.7 m in 2018.
Joe Megibow, Purple's ceo was upbeat about the numbers. He said: 'We delivered revenue growth of 50% and a significant improvement in our balance sheet' in 2019.
He added: 'we believe the improvements we’ve made to our manufacturing, supply chain, and fulfilment functions have created a foundation to support profitable growth.'
Looking ahead to 2020, the company expects revenue between $550 and $575 m. At the same time adjusted EBITDA should fall between $44m and $49m.