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PRPL on Nasdaq

Purple Innovation, Inc.

Purple Innovation, Inc. is a maker of mattresses and related items which are sold online directly to consumers based in Lehi.1 It was founded in 2015.1 Its shares trade on Nasdaq under the symbol PRPL.1

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Last updated Oct 21, 2026.

Overview

$468.7MRevenue, fiscal 20253
-$51.4MNet income, fiscal 20253
2015Founded1

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  • TickerPRPL on Nasdaq1
  • IndustryHousehold Furniture1
  • HeadquartersLehi1
  • Websiteonpurple.com
  • Legal formcorporation1
  • Incorporated inDE4
  • Business address4100 N. Chapel Ridge Rd, Suite 200, Lehi, Ut 840434
  • Filer categoryNon-accelerated filer, Smaller reporting company4

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Purple Innovation, Inc. image from its website
Image: onpurple.com6

History of innovation that produced new comfort technology— We are a company built on innovation and licensing, with more than 30 years of expertise in comfort innovation. Purple is founded upon decades of history-developing innovative comfort solutions, including the invention of our proprietary and patented Hyper-Elastic Polymer technology. Our breakthrough mattress represents what we believe to be the first substantive innovation in the sleep product industry since the introduction of memory foam in 1992. We believe that the unique properties of our technology have resulted in several improvements to existing sleep products that are not addressed by foam, spring or air mattresses.7 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

40.2%Gross margin3
-9.2%Operating margin3
-11.0%Net margin3
-3.9%Revenue growth, 20253
-$41.9MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue60¢$280.2M
  • Research and development2¢$9.6M
  • Other costs38¢$178.7M
  • Income tax0¢$207.0K

Out of $468.7M in revenue.3 The company lost money this year.

Financial statements

Revenue891011123$468.7M in 2025+64% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $285.8M$285.8M20182019: $428.4M$428.4M2019+50%2020: $648.5M$648.5M2020+51%2021: $725.0M$725.0M2021+12%2022: $573.2M$573.2M2022−21%2023: $510.5M$510.5M2023−11%2024: $487.9M$487.9M2024−4%2025: $468.7M$468.7M2025−4%
Gross profit891011123$188.6M in 2025+67% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $112.6M$112.6M20182019: $189.0M$189.0M2019+68%2020: $305.1M$305.1M2020+61%2021: $293.7M$293.7M2021−4%2022: $208.1M$208.1M2022−29%2023: $171.8M$171.8M2023−17%2024: $181.1M$181.1M2024+5%2025: $188.6M$188.6M2025+4%
Operating income891011123-$43.0M in 2025+155% since 2018
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2018: -$16.9M-$16.9M20182019: $16.2M$16.2M20192020: $71.2M$71.2M2020+339%2021: -$24.6M-$24.6M20212022: -$42.8M-$42.8M2022+74%2023: -$113.7M-$113.7M2023+166%2024: -$92.2M-$92.2M2024−19%2025: -$43.0M-$43.0M2025−53%
Net income891011123-$51.4M in 2025+1090% since 2018
-$300.0M-$200.0M-$100.0M0$100.0M2018: -$4.3M-$4.3M20182019: -$22.6M-$22.6M2019+422%2020: -$236.9M-$236.9M2020+949%2021: $3.1M$3.1M20212022: -$92.5M-$92.5M20222023: -$120.8M-$120.8M2023+31%2024: -$97.9M-$97.9M2024−19%2025: -$51.4M-$51.4M2025−47%

Every line of the income statement as filed: the last 4 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-312023-03-31
Revenues, net$468.7M$487.9M$510.5M
Total cost of revenues$280.2M$306.7M$338.7M
Gross profit$188.6M$181.1M$171.8M
Marketing and sales$147.0M$171.3M$182.3M
General and administrative$63.6M$69.1M$84.4M
Research and development$9.6M$13.0M$11.9M
Restructuring, impairment and other related charges$11.4M$20.0M
Loss on impairment of goodwill$6.9M
Total operating expenses$231.6M$273.3M$285.5M
Operating loss-$43.0M-$92.2M-$113.7M
Interest expense-$28.8M-$17.5M-$2.0M
Other income (expense), net$3.3M$11.5M-$1.2M
Loss on extinguishment of debt-$3.4M-$4.3M
Change in fair value warrant liabilities$17.2M$3.5M
Total other (expense) income, net-$8.3M-$5.9M-$7.5M
Net (loss) income before income taxes-$51.3M-$98.0M-$121.2M
Income tax expense-$207.0K-$63.0K-$8.0K-$8.0K
Net loss-$51.5M-$98.1M-$121.2M
Net loss attributable to noncontrolling interest-$97.0K-$201.0K-$458.0K
Net loss attributable to Purple Innovation, Inc.-$51.4M-$97.9M-$120.8M
Basic (in Dollars per share)-$0.48-$0.91-$1.17
Diluted (in Dollars per share)-$0.48-$0.91-$1.17
Basic (in Shares)108.1M shares107.1M shares103.6M shares
Diluted (in Shares)108.2M shares107.3M shares103.9M shares

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Corporate structure

Purple Innovation, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Purple Innovation, Inc.

  • Purple Innovation, Inc. Lehi
    • Intellibed, LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Purple Innovation, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$179.4M3 Dec 31, 2025$176.3M3 Dec 31, 2024+1.8%
Accumulated depreciation$101.5M3 Dec 31, 2025$82.4M3 Dec 31, 2024+23.2%
Property and equipment, net$78.0M3 Dec 31, 2025$93.9M3 Dec 31, 2024−17.0%
Operating-lease assets (leased space)$67.3M3 Dec 31, 2025$75.5M3 Dec 31, 2024−10.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$24.3M3 Dec 31, 2025$29.0M3 Dec 31, 2024−16.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$6.9M12 Dec 31, 2024$4.9M11 Dec 31, 2022+40.9%
Intangible assets, net (excluding goodwill)$6.3M3 Dec 31, 2025$8.9M3 Dec 31, 2024−28.6%
Finite-lived intangibles, net$6.3M3 Dec 31, 2025$13.7M11 Dec 31, 2023−53.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$59.7M3 Dec 31, 2025$56.9M3 Dec 31, 2024+5.0%
Raw materials$23.4M3 Dec 31, 2025$20.2M3 Dec 31, 2024+16.0%
Work in process$6.4M3 Dec 31, 2025$6.6M3 Dec 31, 2024−3.7%
Finished goods$29.9M3 Dec 31, 2025$30.1M3 Dec 31, 2024−0.4%

Properties, in its own words

We lease a manufacturing facility in McDonough, Georgia with approximately 844,000 square feet. In January 2025, we leased an approximately 198,000 square foot distribution and fulfillment facility in West Valley City, Utah, that opened in April 2025. We also lease a building with approximately 61,000 square feet in Draper, Utah that serves as our innovation center and approximately 30,000 square-feet of office space in Lehi, Utah for our corporate headquarters. The Restructuring Plan included the permanent closure of two Utah manufacturing facilities to consolidate mattress production in our Georgia plant. The closure of the manufacturing facilities in Grantsville, Utah with 574,000 square feet and Salt Lake City, Utah with 67,000 square feet was completed in the second quarter 2025. We are currently subleasing the space in those building to other tenants. As of December 31, 2025, we had 55 Purple showrooms under lease with 11 located in California, six in Texas, four in Utah and 34 located in 22 other states throughout the United States.

Item 2 of the 10-K filed Mar 31, 2026.7

Leadership

Who has led Purple Innovation, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Paul J. Zepf2015
  2. Samuel David Bernards2018
  3. Joseph B. Megibow2018–2021
  4. Robert Demartini2021–now

Chief financial officer

  1. Andrew Cook2015
  2. Mark Anderson Watkins2018–2019
  3. Bennett Nussbaum2021–2022
  4. Todd E. Vogensen2023–2026
  5. Robert Gerard Lucian2026–now

Chief operating officer

  1. John A. Legg2019–2022
  2. Eric Scott Haynor2022–now
20202025
Board members and other officers (34)

Products and brands

  • mattress

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Intellibed, LLC Delaware5
  • Purple Innovation, LLC Delaware5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Global Partner Acquisition Corp.Jun 12, 2015 to Feb 2, 20184

Timeline

  1. Oct 5, 20268-K Listing notice or transfer57
  2. Aug 10, 20268-K Results of operations58
  3. Jul 22, 20268-K Listing notice or transfer59
  4. Jul 16, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed60
  5. Jul 7, 20268-K Executive or director change; Shareholder vote61
  6. Jun 10, 20268-K Shareholder vote62
  7. Jun 5, 20268-K Executive or director change63
  8. May 11, 20268-K Listing notice or transfer64
  9. Apr 28, 20268-K Results of operations; Executive or director change; Regulation FD disclosure65
  10. Mar 31, 20268-K Entered a material agreement; Results of operations; New debt or obligation66
  11. Nov 6, 20258-K Listing notice or transfer67
  12. Nov 4, 20258-K Results of operations68
  13. Dec 17, 2021New chief executive Robert Demartini becomes CEO19
  14. Oct 3, 2018New chief executive Joseph B. Megibow becomes CEO21
  15. Feb 15, 2018New chief executive Samuel David Bernards becomes CEO20
  16. 2018Went public Listed on NASDAQ1
  17. Jul 29, 2015New chief executive Paul J. Zepf becomes CEO22
  18. 2015Founded Founded1

Calendar

Coming up

  1. Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $2 a share, on Nov 4, 2025.69

When it reported results

  1. Aug 10, 2026Reported quarterly or annual results58
  2. Apr 28, 2026Reported quarterly or annual results65
  3. Mar 31, 2026Reported quarterly or annual results66
  4. Nov 4, 2025Reported quarterly or annual results68
  5. Jul 29, 2025Reported quarterly or annual results70
  6. May 6, 2025Reported quarterly or annual results71
  7. Mar 13, 2025Reported quarterly or annual results72
  8. Nov 4, 2024Reported quarterly or annual results73

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

394 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 83 major events, 193 insider forms, 35 large holders, 61 other. The latest 20:

  1. Oct 5, 20268-K CURRENT REPORT EDGAR
  2. Aug 11, 202610-Q QUARTERLY REPORT EDGAR
  3. Aug 10, 20268-K CURRENT REPORT EDGAR
  4. Jul 22, 20268-K CURRENT REPORT EDGAR
  5. Jul 16, 20268-K CURRENT REPORT EDGAR
  6. Jul 7, 20268-K CURRENT REPORT EDGAR
  7. Jun 10, 20268-K CURRENT REPORT EDGAR
  8. Jun 8, 2026DEF 14A PROXY STATEMENT EDGAR
  9. Jun 5, 20268-K CURRENT REPORT EDGAR
  10. May 29, 2026PRE 14A PROXY STATEMENT EDGAR
  11. May 11, 20268-K CURRENT REPORT EDGAR
  12. May 6, 20264 EDGAR
  13. May 5, 20263 EDGAR
  14. Apr 28, 202610-Q QUARTERLY REPORT EDGAR
  15. Apr 28, 20268-K CURRENT REPORT EDGAR
  16. Apr 22, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  17. Apr 22, 2026DEF 14A PROXY STATEMENT EDGAR
  18. Apr 2, 20264 EDGAR
  19. Apr 2, 20264 EDGAR
  20. Apr 2, 20264 EDGAR

The 394 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

46 open-market trades by officers, directors and large owners since October 2021: 46 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 4, 2026Lucian Robert GerardChief Financial OfficerBuy60,000$0.49$29.4KForm 4
Jun 28, 2024DeMartini RobertChief Executive OfficerBuy138,834$1.03$143.0KForm 4
Jun 27, 2024DeMartini RobertChief Executive OfficerBuy10,105$1.01$10.2KForm 4
Jun 26, 2024DeMartini RobertChief Executive OfficerBuy51,061$0.98$50.0KForm 4
Mar 22, 2024Ulrich George TurnerPrincipal Accounting OfficerBuy4,000$1.52$6.1KForm 4
Aug 28, 2023DICAMILLO GARY TDirectorBuy10,000$2.22$22.2KForm 4
Jun 2, 2023McGarvey Casey KaleChief Legal OfficerBuy22,300$2.85$63.6KForm 4
May 26, 2023KERBY JEFFERY SCOTTChief of Owned RetailBuy16,350$3.45$56.4KForm 4
May 16, 2023DARLING SETH LANEDirectorBuy17,000$3.03$51.5KForm 4
May 15, 2023DeMartini RobertChief Executive OfficerBuy50,000$2.97$148.5KForm 4
May 15, 2023Pate R CarterDirectorBuy16,949$2.95$50.0KForm 4
Mar 23, 2023HAYNOR ERIC SCOTTChief Operating OfficerBuy138,598$2.75$381.1KForm 4
Mar 23, 2023KERBY JEFFERY SCOTTChief of Owned RetailBuy23,077$2.77$63.9KForm 4
Feb 13, 2023Coliseum Capital, LLCDirectorBuy5,960,320$4.50$26.8MForm 4
Sep 16, 2022McGarvey Casey KaleChief Legal OfficerBuy30,000$2.85$85.5KForm 4
Sep 7, 2022DICAMILLO GARY TDirectorBuy10,000$2.66$26.6KForm 4
Sep 6, 2022Roddy JackChief People OfficerBuy2,000$2.74$5.5KForm 4
May 25, 2022Gray AdamDirectorBuy716,280$4.78$3.4MForm 4
May 24, 2022Roddy JackChief People OfficerBuy3,000$4.45$13.3KForm 4
May 24, 2022Gray AdamDirectorBuy960,394$4.57$4.4MForm 4

All 46 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
IFS Advisors, LLC140$490.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Purple Innovation, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPurple Innovation, Inc.2
  • CIK0001643953
  • Employer ID (EIN)47-40782067
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company7
  • Incorporated inDelaware7
  • Fiscal year endsDecember 312
  • Industry code (SIC)2510 Household Furniture2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address4100 N. Chapel Ridge Rd, Suite 200, Lehi, UT 840432
  • Phone801-756-26002
  • Shares outstanding108,633,907 Common Class A shares; 163,052 Common Class B shares as of Mar 30, 20267
  • Public float$41.2M as of Jun 30, 20257
  • AuditorBDO USA, P.C., Salt Lake City, Utah PCAOB ID 243; no auditor attestation of internal control over financial reporting7
  • On EDGAR sinceJun 12, 20152
  • Filings852 in all: 4 (277), 8-K (175), 3 (48), 10-Q (34), DEFA14A (34), SC 13D/A (34), SC 13G/A (28), 4/A (25)2
    All 48 form types

    CORRESP (24), SC 13G (21), UPLOAD (16), DEF 14A (14), 10-K (11), EFFECT (11), S-3 (10), S-3/A (10), 8-K/A (8), S-8 (6), 424B3 (5), 5 (5), 8-A12B (5), 424B1 (4), 424B5 (4), NT 10-Q (4), PRE 14A (4), 10-K/A (3), SC 13D (3), 25-NSE (2), ARS (2), DFAN14A (2), PREM14A (2), PRER14A (2), S-1/A (2), SCHEDULE 13D/A (2), SD (2), 25 (1), 3/A (1), 424B4 (1), CERT (1), CERTNAS (1), CT ORDER (1), DEFM14A (1), DEL AM (1), NT 10-K (1), S-1 (1), S-3ASR (1), S-3MEF (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Proxy statement (DEF 14A) Jun 8, 2026
    Latest 8-K (8-K) Oct 5, 2026

Securities registered for trading

ClassSymbolExchange
Class A Common Stock, par value $0.0001 per sharePRPLNASDAQ

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).7

Risk factors and legal proceedings

The risks Purple Innovation, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 40 risks under these headings, as written.7

  • The risk factors detailed below could materially harm our business, results of operation and/or financial condition, impair our future prospects and/or cause the price of our Common Stock to decline. These are not all of the risks we face and other factors not presently known to us or that we currently believe are immaterial may also affect our business if they occur.
  • Risks Relating to Our Business and Our Operations
  • Our indebtedness, related covenants, and certain prepayment obligations, including make-whole payments, could limit operational and financial flexibility and adversely affect our business if we breach such covenants or default on such indebtedness.
  • There is substantial doubt about our ability to continue as a going concern, and we may need additional financing to execute our business plan, to fund our operations and to continue as a going concern.
  • We may need additional funds to execute our business plan, maintain our liquidity, repay our debt and fund our operations. We may not be able to obtain such funds on acceptable terms or at all.
  • We have in the past experienced and may in the future experience significant fluctuations in our results of operations, which could make our future results of operations difficult to predict or cause our results of operations to fall below analysts’ and investors’ expectations.
  • Coliseum Capital Management, LLC (“Coliseum”) is our largest stockholder and Lender, and exercises substantial control over our Board of Directors (“Board”) composition, management team members and strategies.
  • We have engaged in significant related-party transactions with Coliseum and other parties that may give rise to conflicts of interest or otherwise adversely affect our results of operations and the value of our business.
  • Our exploration of potential strategic alternatives may not be successful, which may adversely affect our ability to compete with larger, including combined, competitors.
  • We may not be able to successfully anticipate consumer trends and demand and our failure to do so may lead to a loss of consumer acceptance of the products we sell.
  • We operate in the highly competitive sleep products industry, and if we are unable to compete successfully, our results of operations could be adversely affected.
  • Lack of availability and quality of raw materials, labor, components and shipping services, or increases in the cost of such inputs, have caused and may continue to cause delays in our inability to provide goods to our customers or could increase our costs, either of which could adversely affect our results of operations.
The other 29 risks
  • Our information technology systems may fail to perform adequately, may be disrupted by natural disasters or other catastrophes, or we may be unable to protect the privacy, integrity and security of our information systems.
  • Changes in economic conditions, including the housing market and tariffs, have or will adversely affect our business, results of operations and financial condition.
  • Changes in U.S. trade policy including the impact of tariffs are having and may continue to have a material adverse effect on our business and results of operations.
  • Disruption of our manufacturing has and could increase our costs of doing business or lead to delays in shipping and could materially adversely affect our business, our results of operations, and our financial condition.
  • Future growth and profitability may depend on our ability to improve our product line, successfully introduce new products, and effectively and efficiently market our products to attract and retain customers.
  • Our expansion into sales channels, new products, market segments and geographic regions subjects us to additional business, legal, financial, and competitive risks.
  • Our business could suffer if we are unsuccessful in making, integrating and maintaining commercial agreements, strategic alliances and other business relationships.
  • A reduction in the availability of credit to consumers or the availability of more favorable credit terms with competitors could adversely affect our results of operations and financial condition.
  • Over or under supply of raw material inventory and finished products could leave us vulnerable to shortages or shrinkage that may harm our ability to satisfy consumer demand and could adversely affect our results of operations.
  • If we lose members of the leadership team we may not be able to run our business effectively.
  • Regulatory and Litigation Risks
  • Regulatory requirements may require costly expenditures and expose us to liability.
  • Regulatory requirements relating to the manufacture and disposal of mattresses may increase our product costs and increase the risk of disruption to our business.
  • We could be subject to additional sales tax or other indirect tax liabilities.
  • Pending or unforeseen litigation and the potential for adverse publicity associated with litigation could adversely affect our business, reputation, results of operations or financial condition.
  • Risks Relating to our Intellectual Property
  • We may not be able to adequately protect our product designs, brand and other proprietary rights, which could adversely affect our competitive position, reduce the value of our products and brands, and may result in costly litigation to protect our intellectual property rights.
  • We may be subject to claims that we or the licensors of intellectual property rights licensed to us have infringed on proprietary rights, which could require us and our licensors to obtain a license or change designs.
  • We previously licensed certain intellectual property to EdiZONE, LLC (“EdiZONE”), for the purpose of enabling EdiZONE to meet its contractual obligations to licensees. Some of those licensees are competitors and have exclusive rights that we may be required to observe.
  • Risks Relating to our Common Stock
  • NASDAQ may delist our securities from its exchange, which could harm our business and limit our stockholders’ liquidity.
  • The market price of our Common Stock is volatile and may decline regardless of our results of operations, and Stockholders may not be able to resell shares at or above their purchase price.
  • Anti-takeover provisions in our Second Amended and Restated Certificate of Incorporation, our Third Amended and Restated Bylaws as well as provisions of Delaware law, contain anti-takeover provisions, any of which could delay or discourage a merger, tender offer, or assumption of control of our Company not approved by our Board of Directors that some stockholders may consider favorable.
  • Significant payment obligations under our Tax Receivable Agreement are accelerated upon a change of control and may discourage the potential acquisition of our Company and adversely affect any potential control premium payable for shares of our Common Stock.
  • Our Second Amended and Restated Certificate of Incorporation could make it very difficult for an investor to bring any legal actions against us, our directors, or our officers and may limit our stockholders’ ability to obtain a favorable judicial forum.
  • Future sales of our Common Stock in the public market may depress our share price.
  • Our stockholders may experience substantial dilution in the value of their investment or may otherwise have their interests impaired if we issue additional debt or equity securities or securities convertible into equity securities, as well as due to the exercise of the currently outstanding warrants.
  • Our only significant asset is our ownership of Purple LLC and such ownership may not be sufficient to enable us to satisfy our financial obligations.
  • If we fail to maintain an effective system of internal controls, we may not be able to report our financial results accurately, may make a material misstatement in our financial statements, may experience a financial loss or may face litigation. Any inability to report and file our financial results accurately and timely could adversely affect the value of our Common Stock.
  • Tax Risks Relating to our Structure
  • Obligations under the Tax Receivable Agreement could materially adversely affect our future cash flow if we become profitable and begin paying income taxes. Payments under the Tax Receivable Agreement may be accelerated or significantly exceed the actual benefits we realize.
  • Our ability to utilize our net operating loss carryforwards and certain other tax attributes may be limited. Future use and amount of our Current NOLs and other tax benefits is uncertain.
  • The IRS may challenge our Current NOLs and other tax benefits.

Legal proceedings

Information regarding legal proceedings can be found in Note 13, “Commitments and Contingencies” and Note 21, “Subsequent Events” of the Notes to our Consolidated Financial Statements, included in Part II, Item 8 of this Annual Report, “Financial Statements and Supplementary Data,” and is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.7

Sources

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