$PRPL These uses of cash were offset by net proceeds of $92.9 million received from the secondary offering completed in March 2022. The company believes its cash is adequate through the balance of the year. Inventories as of March 31, 2022 totaled $105.8 million compared with $98.7 million as of December 31, 2021. The increase in inventories was driven by higher non-mattress finished goods due to extended sourcing lead times, partially offset by a reduction in mattress inventories.
1
2
2 Likes