Purple Innovation, Inc. (PRPL) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

with the Purple Innovation First Quarter 2025 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press the star one. I would now like to turn the conference over to Stacey Turnoff. You may begin. Thank you for joining Purple Innovation's first quarter 2025 earnings call. A copy of our earnings press release is available on the investor relations section of Purple's website at www.purple.com. Before we begin, I'd like to remind you that certain statements made in this presentation are forward-looking statements. These statements reflect Purple Innovation's judgment and analysis as of today and are subject to a variety of risks and uncertainties that could cause actual results that differ materially from current expectations. You should not place undue reliance on these forward-looking statements. For more information, please refer to the risk factors outlined in our filings with the FCC. Additionally, today's presentation will reference non-GAAP financial measures, such as adjusted risk margin, EBITDA, adjusted EBITDA, and adjusted earnings per share. The reconciliation of these measures to their most comparable GAAP measures can be found in the earnings release available on our website. With that, I'll turn the call over to Rob Demartini, Purple Innovation's Chief Executive Officer. Thank you, Stacy. Good afternoon, everyone, and thank you for joining us. With me on today's call is our CFO, Todd Bogenson. I'm pleased to share that we delivered first quarter results in line with our revenue...