Benzinga | May 13, 2021 06:32AM EDT

Casper Sleep Sees Q2 Sales $146M-$153M vs $134.13M Est., FY21 Sales $580M-$610M vs $596.85M Est.

Outlook

The Company today provided an outlook for certain financial metrics for the quarter ending June 30, 2021 ("second quarter 2021") and year ending December 31, 2021 ("full year 2021" or "2021"), reflecting certain assumptions by management regarding the Company's business, trends, seasonal factors, and the continuing impact of the COVID-19 pandemic on its business. In addition, the outlook assumes there will be no material changes in world events, recent consumer trends, economic conditions, competitive landscape or other circumstances beyond our control that may adversely affect the Company's results of operations.

In the second quarter 2021, the Company expects revenue of approximately $146 to $153 million, net loss of approximately $18 to $15 million, and Adjusted EBITDA loss of approximately $7 to $4 million. At the mid-point, this revenue range represents 36% growth and 42% North America revenue growth in the second quarter 2021. For the full year 2021, the Company expects revenue of approximately $580 to $610 million. At the mid-point, this revenue range represents 20% growth and 23% North America revenue growth for 2021.