Casper Sleep Inc (N:CSPR)

Sector:  Consumer Cyclicals Industry:  Home Furnishings
See Regulatory Filings on SEC
Company Contact
Address: 483 BROADWAY, FLOOR 2
Tel: N/A
IR: See website
Key People
Philip Krim
Chief Executive Officer
Neil Parikh
Chief Operating Officer
Gabe Flateman
Chief Technology Officer
Jeff Chapin
Chief Product Officer
Luke Sherwin
Chief Creative Officer
Business Overview
Casper Sleep Inc. designs and sells sleep products. The Company's products include mattresses, pillows, sheets, bed frames, glow light, dog bed, platform bed, weighted blanket, and other sleep-centric products. Its mattress products include The Wave, The Casper and The Essential. The Company's pillow products include Original Casper Pillow, Foam Pillow and Down Pillow. Its bed frames products include Adjustable Bed Frames, Platform Bed Frame and Upholstered Bed Frame. The Company's subsidiaries include Casper Science LLC, Casper Sleep Retail LLC, and Casper Sleep Limited (Casper UK Holdco). Casper UK Holdco wholly-owns Casper Sleep GmbH, Casper Sleep (UK) Limited, and Casper Sleep SAS. It distributes its products directly to customers in approximately seven countries through its electronic commerce platform, approximately 60 Casper retail stores, and over 18 retail partners. The Company operates retail locations and pop-up stores throughout the United States and Canada.
Financial Overview
For the nine months ended 30 September 2019, Casper Sleep Inc revenues increased 20% to $312.3M. Net loss increased 5% to $67.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Advertising and other promotional costs increase of 22% to $104.7M (expense), General and administrative expense - increase of 11% to $78.7M (expense).
Employees: 597 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $668.96M as of Sep 30, 2019
Annual revenue (TTM): $410.52M as of Sep 30, 2019
EBITDA (TTM): -$84.00M as of Sep 30, 2019
Net annual income (TTM): -$95.26M as of Sep 30, 2019
Free cash flow (TTM): -$106.44M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 39,672,912 as of Feb 6, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization