2024 Q3 Form 10-Q Financial Statement

#000121390024094096 Filed on November 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q4
Revenue $118.6M $145.9M
YoY Change -15.28% 0.56%
Cost Of Revenue $83.41M $97.47M
YoY Change -10.01% 3.26%
Gross Profit $35.19M $48.46M
YoY Change -25.61% -4.47%
Gross Profit Margin 29.67% 33.21%
Selling, General & Admin $60.21M $61.76M
YoY Change -14.41% 4.83%
% of Gross Profit 171.07% 127.44%
Research & Development $2.920M $2.897M
YoY Change 7.99% -1.36%
% of Gross Profit 8.3% 5.98%
Depreciation & Amortization $13.50M $6.143M
YoY Change 170.0% 16.3%
% of Gross Profit 38.36% 12.68%
Operating Expenses $82.01M $64.66M
YoY Change 2.61% 4.53%
Operating Profit -$46.81M -$16.20M
YoY Change 43.54% 45.6%
Interest Expense $401.0K -$819.0K
YoY Change -32.49% -15.31%
% of Operating Profit
Other Income/Expense, Net $7.566M -$1.513M
YoY Change -315.99% -100.94%
Pretax Income -$39.25M -$18.53M
YoY Change 8.72% -112.41%
Income Tax $63.00K -$154.0K
% Of Pretax Income
Net Earnings -$39.23M -$18.33M
YoY Change 8.95% -73.86%
Net Earnings / Revenue -33.08% -12.56%
Basic Earnings Per Share -$0.36
Diluted Earnings Per Share -$0.36 -$0.17
COMMON SHARES
Basic Shares Outstanding 107.5M shares
Diluted Shares Outstanding 107.5M shares

Balance Sheet

Concept 2024 Q3 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.40M $26.86M
YoY Change -12.03% -35.68%
Cash & Equivalents $23.40M $26.86M
Short-Term Investments
Other Short-Term Assets $1.005M $10.27M
YoY Change -49.47% -13.95%
Inventory $59.88M $66.88M
Prepaid Expenses $9.241M $8.536M
Receivables $29.66M $37.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $123.2M $141.8M
YoY Change -13.35% -12.17%
LONG-TERM ASSETS
Property, Plant & Equipment $100.2M $224.4M
YoY Change -22.71% -6.18%
Goodwill
YoY Change
Intangibles $9.226M $22.20M
YoY Change -59.84% -15.35%
Long-Term Investments
YoY Change
Other Assets $2.450M $2.191M
YoY Change -2.39% 41.72%
Total Long-Term Assets $186.1M $248.8M
YoY Change -27.25% -8.48%
TOTAL ASSETS
Total Short-Term Assets $123.2M $141.8M
Total Long-Term Assets $186.1M $248.8M
Total Assets $309.3M $390.6M
YoY Change -22.29% -9.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.39M $49.83M
YoY Change -33.52% 7.3%
Accrued Expenses $56.02M $50.80M
YoY Change 24.49% 32.68%
Deferred Revenue $3.800M $5.700M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $2.129M
YoY Change -100.0%
Total Short-Term Liabilities $94.46M $111.0M
YoY Change -7.36% 11.63%
LONG-TERM LIABILITIES
Long-Term Debt $26.91M
YoY Change 24.87%
Other Long-Term Liabilities $3.344M $137.1M
YoY Change -87.29% 2.74%
Total Long-Term Liabilities $3.344M $164.0M
YoY Change -93.15% 5.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $94.46M $111.0M
Total Long-Term Liabilities $3.344M $164.0M
Total Liabilities $281.3M $275.2M
YoY Change 6.15% 7.77%
SHAREHOLDERS EQUITY
Retained Earnings -$565.4M -$476.0M
YoY Change 23.55% 35.41%
Common Stock $593.3M $591.4M
YoY Change 0.55% 6570788.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $27.97M $115.4M
YoY Change
Total Liabilities & Shareholders Equity $309.3M $390.6M
YoY Change -22.29% -9.86%

Cashflow Statement

Concept 2024 Q3 2023 Q4
OPERATING ACTIVITIES
Net Income -$39.23M -$18.33M
YoY Change 8.95% -73.86%
Depreciation, Depletion And Amortization $13.50M $6.143M
YoY Change 170.0% 16.3%
Cash From Operating Activities $1.119M $1.146M
YoY Change -106.3% -32.63%
INVESTING ACTIVITIES
Capital Expenditures $1.128M $5.878M
YoY Change -68.14% 43.3%
Acquisitions
YoY Change
Other Investing Activities $4.000K
YoY Change -66.67%
Cash From Investing Activities -$1.128M -$5.878M
YoY Change -74.13% 43.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 4.983M
YoY Change -100.0% -133.22%
NET CHANGE
Cash From Operating Activities 1.119M 1.146M
Cash From Investing Activities -1.128M -5.878M
Cash From Financing Activities 0.000 4.983M
Net Change In Cash -9.000K 251.0K
YoY Change -97.43% -101.44%
FREE CASH FLOW
Cash From Operating Activities $1.119M $1.146M
Capital Expenditures $1.128M $5.878M
Free Cash Flow -$9.000K -$4.732M
YoY Change -99.96% 97.08%

Facts In Submission

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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.99
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107508000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105326000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107008000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102962000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107508000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
105326000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107008000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102962000 shares
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
115607000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-50268000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
492000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
115000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
65716000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
-9000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
825000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
66532000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-39310000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
791000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
28013000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-26052000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1192000 usd
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
57200000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
207511000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-40654000 usd
CY2023Q2 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
105000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
939000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
133016000 usd
us-gaap Profit Loss
ProfitLoss
-89587000 usd
us-gaap Profit Loss
ProfitLoss
-102841000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27448000 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
920000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
7028000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
20115000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6879000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
111000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3394000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4331000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2108000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3792000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-770000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8140000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1465000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2971000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-696000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-378000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1204000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
1462000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
544000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
10045000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-801000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1940000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
723000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-3203000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-1229000 usd
prpl Increase Decrease In Accrued Warranty Liabilities
IncreaseDecreaseInAccruedWarrantyLiabilities
-621000 usd
prpl Increase Decrease In Accrued Warranty Liabilities
IncreaseDecreaseInAccruedWarrantyLiabilities
7422000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1592000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
3070000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24611000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-55808000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
826000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8769000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
221000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
588000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6381000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10183000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
25000000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
24656000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
5000000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
61000000 usd
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
25000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3466000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6126000 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
60300000 usd
us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
3301000 usd
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
105000 usd
prpl Tax Receivable Agreement Liabilities
TaxReceivableAgreementLiabilities
269000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27534000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
50843000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-3458000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-15148000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41754000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-696000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-378000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1204000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-2105000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
1462000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-16558000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
544000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
10045000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-801000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
723000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-3203000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-1229000 usd
prpl Increase Decrease In Accrued Warranty Liabilities
IncreaseDecreaseInAccruedWarrantyLiabilities
-621000 usd
prpl Increase Decrease In Accrued Warranty Liabilities
IncreaseDecreaseInAccruedWarrantyLiabilities
7422000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1592000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
3070000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24611000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-55808000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
826000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6160000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8769000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
221000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
588000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6381000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10183000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
25000000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
24656000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
5000000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
61000000 usd
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
25000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3466000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6126000 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
60300000 usd
us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
3301000 usd
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
105000 usd
prpl Tax Receivable Agreement Liabilities
TaxReceivableAgreementLiabilities
269000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27534000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
50843000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-3458000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-15148000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26857000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41754000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23399000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26606000 usd
prpl Cash Paid During The Period For Interest Net Of Amounts Capitalized
CashPaidDuringThePeriodForInterestNetOfAmountsCapitalized
46000 usd
prpl Cash Paid During The Period For Interest Net Of Amounts Capitalized
CashPaidDuringThePeriodForInterestNetOfAmountsCapitalized
-338000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
305000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
341000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
352000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2936000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23399000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26606000 usd
prpl Cash Paid During The Period For Interest Net Of Amounts Capitalized
CashPaidDuringThePeriodForInterestNetOfAmountsCapitalized
46000 usd
prpl Cash Paid During The Period For Interest Net Of Amounts Capitalized
CashPaidDuringThePeriodForInterestNetOfAmountsCapitalized
-338000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
305000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
341000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
352000 usd
prpl Common Units Percentage
CommonUnitsPercentage
0.998 pure
prpl Economic Interest Percentage
EconomicInterestPercentage
0.998 pure
prpl Asset Liabilities Percentage
AssetLiabilitiesPercentage
1 pure
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requires the Company to establish accounting policies and to make estimates and judgments that affect the reported amounts of assets and liabilities and disclose contingent assets and liabilities as of the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. The Company regularly makes estimates and assumptions including, but not limited to, estimates that affect revenue recognition, accounts receivable and the allowance for credit losses, valuation of inventories, sales returns, warranty returns, fair value of assets acquired and liabilities assumed in business combinations, impairment reviews of long-lived assets and definite-lived intangible assets, warrant liabilities, stock based compensation, the recognition and measurement of loss contingencies, the recognition and measurement of restructuring and related charges, estimates of current and deferred income taxes, deferred income tax valuation allowances, and amounts associated with the Company’s tax receivable agreement with InnoHold, LLC (“InnoHold”). Predicting future events is inherently an imprecise activity and, as such, requires the use of judgment. Actual results could differ materially from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 7pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">The Company reviews the estimated useful lives of its property and equipment on an ongoing basis or when necessitated by an event or transaction. As a result of a restructuring plan (See Note 4— <i>Restructuring, Impairment and Other Related Charges)</i>, the Company changed the estimated useful lives of its production equipment at its two Utah manufacturing facilities expected to be closed to reflect the remaining period these assets will remain in service. Closure of these two facilities is projected to be completed during the first quarter of 2025. The estimated useful lives of the Company’s production equipment at these two facilities originally ranged from five to ten years. The effect of shortening the estimated useful lives of these assets was to increase depreciation expense and reduce net income for both the three and nine-month periods by $9.0 million and reduce basic and diluted earnings per share for both the three and nine months ended by $0.08, respectively.</p>
prpl Common Units Percentage
CommonUnitsPercentage
0.998 pure
prpl Economic Interest Percentage
EconomicInterestPercentage
0.998 pure
prpl Asset Liabilities Percentage
AssetLiabilitiesPercentage
1 pure
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requires the Company to establish accounting policies and to make estimates and judgments that affect the reported amounts of assets and liabilities and disclose contingent assets and liabilities as of the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. The Company regularly makes estimates and assumptions including, but not limited to, estimates that affect revenue recognition, accounts receivable and the allowance for credit losses, valuation of inventories, sales returns, warranty returns, fair value of assets acquired and liabilities assumed in business combinations, impairment reviews of long-lived assets and definite-lived intangible assets, warrant liabilities, stock based compensation, the recognition and measurement of loss contingencies, the recognition and measurement of restructuring and related charges, estimates of current and deferred income taxes, deferred income tax valuation allowances, and amounts associated with the Company’s tax receivable agreement with InnoHold, LLC (“InnoHold”). Predicting future events is inherently an imprecise activity and, as such, requires the use of judgment. Actual results could differ materially from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 7pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">The Company reviews the estimated useful lives of its property and equipment on an ongoing basis or when necessitated by an event or transaction. As a result of a restructuring plan (See Note 4— <i>Restructuring, Impairment and Other Related Charges)</i>, the Company changed the estimated useful lives of its production equipment at its two Utah manufacturing facilities expected to be closed to reflect the remaining period these assets will remain in service. Closure of these two facilities is projected to be completed during the first quarter of 2025. The estimated useful lives of the Company’s production equipment at these two facilities originally ranged from five to ten years. The effect of shortening the estimated useful lives of these assets was to increase depreciation expense and reduce net income for both the three and nine-month periods by $9.0 million and reduce basic and diluted earnings per share for both the three and nine months ended by $0.08, respectively.</p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Reclassification</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Certain prior year amounts in the condensed consolidated financial statements have been reclassified to conform to the current year’s presentation with no effect on previously reported net loss, cash flows or stockholders’ equity. Accrued compensation, previously included within other current liabilities in the condensed consolidated balance sheet as of December 31, 2023, is now presented separately. Also, the change in accrued warranty liabilities, previously reflected in the condensed consolidated statement of cash flows within the change in other accrued liabilities, is now presented separately. In addition, the change in accrued sales returns, previously reflected separately in the condensed consolidated statement of cash flows, is now presented within the change in other current liabilities.</p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Reclassification</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Certain prior year amounts in the condensed consolidated financial statements have been reclassified to conform to the current year’s presentation with no effect on previously reported net loss, cash flows or stockholders’ equity. Accrued compensation, previously included within other current liabilities in the condensed consolidated balance sheet as of December 31, 2023, is now presented separately. Also, the change in accrued warranty liabilities, previously reflected in the condensed consolidated statement of cash flows within the change in other accrued liabilities, is now presented separately. In addition, the change in accrued sales returns, previously reflected separately in the condensed consolidated statement of cash flows, is now presented within the change in other current liabilities.</p>
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
28200000 usd
CY2024Q3 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
1500000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
8500000 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
8500000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
10500000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
906000 usd
CY2024Q3 us-gaap Restructuring Reserve
RestructuringReserve
2648000 usd
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
28200000 usd
CY2024Q3 us-gaap Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
1500000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
8500000 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
8500000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
10500000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
906000 usd
CY2024Q3 us-gaap Restructuring Reserve
RestructuringReserve
2648000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3800000 usd
CY2024Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
19349000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
23232000 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
5335000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5962000 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
35197000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
37684000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
59881000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
66878000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
178108000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
181885000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
77953000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
53224000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
100155000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
128661000 usd
CY2024Q3 us-gaap Interest Costs Capitalized
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us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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CY2024Q3 us-gaap Contract With Customer Liability Current
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3800000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
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CY2024Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
19349000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
23232000 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
5335000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5962000 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
35197000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
37684000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
59881000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
66878000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
178108000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
181885000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
53224000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
100155000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
128661000 usd
CY2024Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
900000 usd
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
400000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
900000 usd
CY2024Q3 us-gaap Depreciation
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13500000 usd
us-gaap Depreciation
Depreciation
23700000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
14700000 usd
us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
9000000 usd
CY2024Q3 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
9000000 usd
CY2024Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P16Y
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1100000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4808000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
14570000 usd
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1033000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1063000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
3075000 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
5841000 usd
us-gaap Lease Cost
LeaseCost
17847000 usd
us-gaap Lease Cost
LeaseCost
17810000 usd
CY2024Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P5Y
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5187000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
21397000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19442000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
16772000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16384000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
45079000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
124261000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22483000 usd
prpl Operating Lease Liability Undiscounted Cash Flows
OperatingLeaseLiabilityUndiscountedCashFlows
5500000 usd
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
400000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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us-gaap Depreciation
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23700000 usd
us-gaap Depreciation
Depreciation
14700000 usd
us-gaap Restructuring Reserve Accelerated Depreciation
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9000000 usd
CY2024Q3 us-gaap Restructuring Reserve Accelerated Depreciation
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9000000 usd
CY2024Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P16Y
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1100000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
700000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4808000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
5065000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
14772000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
14570000 usd
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
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CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
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us-gaap Variable Lease Cost
VariableLeaseCost
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us-gaap Variable Lease Cost
VariableLeaseCost
3240000 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
5841000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
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us-gaap Lease Cost
LeaseCost
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us-gaap Lease Cost
LeaseCost
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CY2024Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P5Y
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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16772000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
124261000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22483000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
101778000 usd
prpl Operating Lease Liability Undiscounted Cash Flows
OperatingLeaseLiabilityUndiscountedCashFlows
5500000 usd
prpl Tenant Improvement Allowances
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CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P8Y
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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prpl Tenant Improvement Allowances
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400000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P7Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P8Y
us-gaap Operating Lease Payments
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12426000 usd
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q4 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
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CY2024Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
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CY2023Q4 us-gaap Sales And Excise Tax Payable Current
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CY2024Q3 us-gaap Accrued Insurance Current
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CY2023Q4 us-gaap Accrued Insurance Current
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CY2023Q4 prpl Longterm Debt And Unamortized Issuance Costs Current
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CY2023Q4 us-gaap Interest Payable Current
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CY2023Q4 us-gaap Other Liabilities Current
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CY2024Q3 prpl Related Party Loan
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CY2023Q4 us-gaap Secured Debt
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2024Q3 us-gaap Accrued Sales Commission Current And Noncurrent
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CY2024Q3 us-gaap Sales And Excise Tax Payable Current
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CY2023Q4 us-gaap Sales And Excise Tax Payable Current
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CY2024Q3 us-gaap Accrued Insurance Current
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CY2023Q4 us-gaap Accrued Insurance Current
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CY2023Q4 prpl Longterm Debt And Unamortized Issuance Costs Current
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CY2023Q4 us-gaap Interest Payable Current
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CY2023Q4 us-gaap Other Accrued Liabilities Current
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CY2024Q3 us-gaap Other Liabilities Current
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CY2023Q4 us-gaap Other Liabilities Current
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CY2024Q3 prpl Related Party Loan
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CY2023Q4 us-gaap Secured Debt
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CY2023Q4 us-gaap Long Term Line Of Credit
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CY2024Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
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CY2023Q4 us-gaap Unamortized Debt Issuance Expense
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CY2024Q3 us-gaap Debt Current
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CY2023Q4 us-gaap Debt Current
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CY2023Q4 us-gaap Long Term Line Of Credit
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CY2024Q3 us-gaap Unamortized Debt Issuance Expense
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CY2023Q4 us-gaap Unamortized Debt Issuance Expense
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CY2024Q3 us-gaap Debt Current
DebtCurrent
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CY2023Q4 us-gaap Debt Current
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CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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CY2024Q3 us-gaap Long Term Debt
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CY2023Q4 us-gaap Long Term Debt
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CY2024Q1 us-gaap Proceeds From Other Debt
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CY2024Q1 us-gaap Debtor In Possession Financing Interest Rate On Borrowings Outstanding
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CY2024Q3 prpl Prepayment Penalty Rate
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CY2024Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
20000000 shares
CY2024Q3 us-gaap Termination Loans
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CY2024Q3 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
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prpl Incremental Increases Available To Loans
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CY2023Q4 us-gaap Bad Debt Reserve For Tax Purposes Of Qualified Lender
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CY2023Q3 us-gaap Long Term Debt
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CY2023Q1 us-gaap Long Term Debt Average Amount Outstanding
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CY2023Q1 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
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CY2023Q1 us-gaap Deferred Finance Costs Current Net
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InterestExpenseOther
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CY2024Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
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CY2024Q1 us-gaap Warrants And Rights Outstanding Term
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CY2024Q3 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
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us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
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CY2024Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
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CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
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CY2024Q3 us-gaap Other Accrued Liabilities Noncurrent
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CY2024Q3 us-gaap Other Liabilities Noncurrent
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CY2024Q3 us-gaap Long Term Debt
LongTermDebt
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CY2023Q4 us-gaap Long Term Debt
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CY2024Q1 us-gaap Proceeds From Other Debt
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CY2024Q1 us-gaap Debtor In Possession Financing Interest Rate On Borrowings Outstanding
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CY2024Q3 prpl Prepayment Penalty Rate
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CY2024Q3 us-gaap Class Of Warrant Or Right Outstanding
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CY2024Q3 us-gaap Termination Loans
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CY2024Q3 us-gaap Financing Receivable Revolving
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prpl Incremental Increases Available To Loans
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CY2023Q4 us-gaap Bad Debt Reserve For Tax Purposes Of Qualified Lender
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CY2023Q3 us-gaap Long Term Debt
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CY2023Q1 us-gaap Long Term Debt Average Amount Outstanding
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CY2023Q1 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
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CY2023Q1 us-gaap Deferred Finance Costs Current Net
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us-gaap Interest Expense Other
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CY2024Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
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CY2024Q1 us-gaap Warrants And Rights Outstanding Term
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CY2024Q3 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
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us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
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CY2024Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
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CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2230000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
1009000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Noncurrent
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CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2023Q4 us-gaap Other Liabilities Noncurrent
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2235000 usd
CY2024Q3 prpl Percentage Of Recognition Bonus Payment
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CY2024Q1 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
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CY2024Q3 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
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CY2024Q2 us-gaap Other Operating Income Expense Net
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CY2022Q4 us-gaap Salaries Wages And Officers Compensation
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CY2024Q3 prpl Percentage Of Recognition Bonus Payment
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CY2024Q1 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
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CY2024Q3 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
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CY2024Q2 us-gaap Other Operating Income Expense Net
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CY2022Q4 us-gaap Salaries Wages And Officers Compensation
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CY2024Q2 us-gaap Loss Contingency Damages Sought Value
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CY2024Q2 us-gaap Payments For Rent
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CY2024Q2 us-gaap Preferred Stock Value
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CY2024Q2 us-gaap Operating Loss Carryforwards
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CY2024Q2 prpl Aggregate Common Stock Percentage
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prpl Percentage Of Outstanding Common Stock
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prpl Number Of Exchanging Shares
NumberOfExchangingShares
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CY2024Q2 prpl Percentage Of Outstanding Common Stock
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CY2024Q3 prpl Exercise Warrants Percentage
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CY2024Q3 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
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CY2024Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
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CY2023Q3 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
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CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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prpl Net Cash Saving Percentage
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us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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CY2024Q3 us-gaap Unrecognized Tax Benefits
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CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2024Q2 us-gaap Loss Contingency Damages Sought Value
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CY2024Q2 us-gaap Payments For Rent
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CY2024Q2 us-gaap Preferred Stock Value
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CY2024Q2 us-gaap Operating Loss Carryforwards
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CY2024Q2 prpl Aggregate Common Stock Percentage
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prpl Percentage Of Outstanding Common Stock
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prpl Number Of Exchanging Shares
NumberOfExchangingShares
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CY2024Q2 prpl Percentage Of Outstanding Common Stock
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CY2024Q3 prpl Exercise Warrants Percentage
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CY2024Q3 us-gaap Deferred Tax Assets State Taxes
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CY2024Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
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CY2023Q3 us-gaap Deferred Tax Assets State Taxes
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CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2024Q3 us-gaap Unrecognized Tax Benefits
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CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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