Purple Innovation, Inc. - Common Stock (PRPL)
Frequently Asked Questions About Purple Innovation, Inc. - Common Stock (PRPL)
Are Purple mattresses suitable for all sleep positions?
Yes, Purple mattresses are designed to accommodate all sleep positions. The unique support structure and pressure-relieving properties of their polymer make them comfortable for side, back, and stomach sleepers alike.
Does Purple have any sustainability initiatives?
Purple has made commitments to sustainability by implementing eco-friendly manufacturing practices and sourcing materials responsibly. The company continuously explores ways to reduce its environmental impact through its product designs and packaging.
Does Purple offer a trial period for its products?
Yes, Purple offers a 100-night risk-free trial period for its mattresses. Customers can try the mattress in the comfort of their homes, and if they're not satisfied, they can return it for a full refund within the trial period.
How can customers purchase Purple products?
Customers can purchase Purple products directly from the company's website or through select retail partners. The company also offers financing options to make purchasing more accessible.
How does Purple improve sleep quality?
Purple aims to improve sleep quality by providing products that promote better spinal alignment and pressure relief, along with temperature regulation properties to keep sleepers comfortable throughout the night.
How does Purple market its products?
Purple employs a multi-channel marketing strategy that includes digital advertising, social media campaigns, influencer partnerships, and traditional media outlets. Their humorous and informative ads often emphasize customer experience.
Is financing available for Purple products?
Yes, Purple offers financing options through third-party providers, allowing customers to pay for their products in installment plans. This makes high-quality sleep products more accessible to a broader audience.
Is Purple Innovation, Inc. publicly traded?
Yes, Purple Innovation, Inc. is publicly traded on the NASDAQ under the ticker symbol 'PRPL'. The company became publicly listed in 2020 through a merger with a special purpose acquisition company (SPAC).
What are the key markets for Purple's products?
Purple primarily targets the United States market, focusing on consumers looking for premium, innovative sleep solutions. The company aims to expand its reach into international markets over time.
What customer service options does Purple provide?
Purple provides a variety of customer service options, including phone support, email assistance, and an extensive online FAQ section. Customer satisfaction is a priority, and the company strives to make the purchasing experience seamless.
What does Purple Innovation, Inc. do?
Purple Innovation, Inc. is a technology-driven company that specializes in manufacturing and selling innovative sleep and comfort products, primarily mattresses and bedding accessories. The company uses its proprietary polymer technologies to create products designed to provide superior comfort and support to enhance sleep quality.
What innovative features does Purple incorporate in its technology?
Purple integrates various innovative features such as their hyper-elastic polymer grid, temperature-neutral materials, and strategic zoning in their mattresses to enhance comfort, support, and durability.
What is Purple's return policy?
Purple has a generous return policy, allowing customers to return their mattress within the 100-night trial period for a full refund. During that time, they recommend allowing a few weeks to adjust to the new mattress.
What is the warranty on Purple products?
Purple offers a 10-year limited warranty on its mattresses, covering defects in materials and workmanship. This warranty ensures customers peace of mind regarding the longevity and quality of their purchase.
What materials are used in Purple mattresses?
Purple mattresses are constructed using a variety of high-quality materials, including their proprietary hyper-elastic polymer for the comfort layer, along with support foam for stability and durability.
What products does Purple offer?
Purple offers a range of products including mattresses, pillows, sheets, and adjustable bases. Their flagship product is the Purple Mattress, which features the company's unique hyper-elastic polymer for optimal comfort and support.
What sets Purple's mattresses apart from competitors?
Purple's mattresses are distinct due to their patented hyper-elastic polymer grid, which provides a unique combination of support and pressure relief that differentiates them from traditional foam or innerspring mattresses.
When was Purple Innovation, Inc. founded?
Purple Innovation, Inc. was founded in 2015 by entrepreneurs Terry Pearce and Tony Pearce, with the goal of revolutionizing the sleep industry through innovative product designs and materials.
Where is Purple Innovation, Inc. headquartered?
Purple Innovation, Inc. is headquartered in Lehi, Utah. The company's location enables it to stay close to its manufacturing facilities and innovation centers.
Who are Purple's main competitors?
Purple's main competitors include other direct-to-consumer mattress companies like Casper, Tuft & Needle, and Saatva, as well as traditional retail mattress brands that have adapted to e-commerce.
What is the current price of Purple Innovation, Inc. - Common Stock?
The current price of Purple Innovation, Inc. - Common Stock is 0.7687
When was Purple Innovation, Inc. - Common Stock last traded?
The last trade of Purple Innovation, Inc. - Common Stock was at 4:00 pm EDT on April 2nd, 2025
What is the market capitalization of Purple Innovation, Inc. - Common Stock?
The market capitalization of Purple Innovation, Inc. - Common Stock is 12.29M
How many shares of Purple Innovation, Inc. - Common Stock are outstanding?
Purple Innovation, Inc. - Common Stock has 15.99M shares outstanding.