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Casper Sleep Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Nov 15, 2021. Its latest SEC filing is a SC 13G/A from Feb 14, 2022.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Sells mattresses, bedding and bedroom furniture to consumers through its online store, Casper retail shops and retail partners.

How Did They Make Money?

Consumers pay for products at the point of sale in Casper stores or when e-commerce orders are delivered; retail partners generally pay when products ship to them.

revenue

Who Were Their Customers?

Consumers buy through Casper’s website and retail stores, while retail partners purchase products from Casper for resale.

Customers above 10% of revenue, FY2020
of revenue from one customer
FY2019: 11% from one customer

Did Revenues Turn Into Profits?

No. It lost $89.6M in .

Operating income,
−17% of revenue
▼ −7% (Loss) vs (−$88.7M, −20%)
Net income,
−18% of revenue
▼ −4% (Loss) vs (−$93M, −21%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q3 FY2021, the three months to Sep 30, 2021
Revenue
▲ +27%
vs $123.5M in Q3 FY2020
Net income
▲ +59% (Loss)
vs −$15.9M in Q3 FY2020
  • Jan 28, 2022 The CFO and a director announced plans to resign Michael Monahan expected to resign effective March 31, 2022, or a later agreed date no later than November 1, 2022.
  • Jan 25, 2022 Durational Capital completed its acquisition of Casper Casper became privately held, and its stock ceased trading and was delisted from the New York Stock Exchange.
  • Nov 15, 2021 Casper appointed a new CEO and agreed to be acquired Emilie Arel became CEO, succeeding Philip Krim; Casper also withdrew all financial guidance while the acquisition was pending.

Grew. Revenue grew 39% in 2 years, from $357.9M in to $497M in , about 18% a year.

Who Did They Compete With?

Competes with Amazon and Wal-Mart

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