Purple Innovation, Inc. (PRPL) has disclosed a new risk, in the Debt & Financing category.
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Purple Innovation, Inc. faces substantial doubt about its ability to continue as a going concern, as recurring operating losses and negative operating cash flows have prompted an auditor emphasis-of-matter and financial statements that omit adjustments for a potential failure. The company may be forced to seek additional capital on uncertain terms and, if unsuccessful, could cut investment, scale back growth initiatives, renegotiate debt, or pursue restructuring, materially harming its operations and financial condition.
Overall, Wall Street has a Hold consensus rating on PRPL stock based on 1 Hold.
To learn more about Purple Innovation, Inc.’s risk factors, click here.