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Purple Innovation lowers FY23 revenue view to $560M-$590M, consensus $588.37M

“Based on results for the first half of 2023 and a more cautious view of industry demand for the remainder of the year, the company is adjusting its outlook. It now expects net revenue to be in the range of $560 to $590M and adjusted EBITDA between ($10M) and breakeven,” Purple said.

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