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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues, net $ 118,598 $ 139,996 $ 358,902 $ 364,605
Cost of revenues:        
Total cost of revenues 83,405 92,687 233,049 241,244
Gross profit 35,193 47,309 125,853 123,361
Operating expenses:        
Marketing and sales 42,939 52,816 125,778 137,368
General and administrative 17,266 17,524 55,111 67,628
Research and development 2,920 2,704 10,572 9,001
Restructuring, impairment and other related charges 18,881 18,881
Loss on impairment of goodwill 6,879 6,879
Total operating expenses 82,006 79,923 210,342 220,876
Operating loss (46,813) (32,614) (84,489) (97,515)
Other income (expense):        
Interest expense (4,394) (594) (13,029) (1,148)
Other income, net 7,165 205 11,612 315
Change in fair value – warrant liabilities 4,795 (111)
Loss on extinguishment of debt (3,114) (3,394) (4,331)
Total other income (expense), net 7,566 (3,503) (4,922) (5,164)
Net loss before income taxes (39,247) (36,117) (89,411) (102,679)
Income tax expense (63) (18) (176) (162)
Net loss (39,310) (36,135) (89,587) (102,841)
Net loss attributable to noncontrolling interest (82) (131) (169) (417)
Net loss attributable to Purple Innovation, Inc. $ (39,228) $ (36,004) $ (89,418) $ (102,424)
Net loss per share:        
Basic (in Dollars per share) $ (0.36) $ (0.34) $ (0.84) $ (0.99)
Diluted (in Dollars per share) $ (0.36) $ (0.34) $ (0.84) $ (0.99)
Weighted average common shares outstanding:        
Basic (in Shares) 107,508 105,326 107,008 102,962
Diluted (in Shares) 107,508 105,326 107,008 102,962
Cost of revenues        
Cost of revenues:        
Total cost of revenues $ 70,546 $ 92,687 $ 220,190 $ 241,244
Restructuring charges        
Cost of revenues:        
Total cost of revenues $ 12,859 $ 12,859