Purple Innovation cuts FY24 revenue view to $486M-$488M from $490M-$510M

FY24 consensus $489.5M. Cuts FY24 adjusted EBITDA view to (23M)-(21M) from (20M)-(10M). “We continued to navigate a challenging macro environment through the end of 2024. Ahead of our presentation at the ICR conference, we are slightly adjusting our guidance to better reflect our full-year expectations. We also expect to deliver positive cash flow and adjusted EBITDA in the fourth quarter, which marks an important, positive milestone for our Path to Premium Sleep strategy,” said CEO Rob DeMartini. “We look forward to sharing a more detailed review of our results in the near future.”