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CSPR Casper Sleep

About Casper Casper believes everyone should sleep better. The Sleep Company has a full portfolio of obsessively engineered sleep products-including mattresses, pillows, bedding, and furniture-designed in-house by the Company's award-winning R&D team at Casper Labs in San Francisco. In addition to its e-commerce business, Casper owns and operates 59 Sleep Shops across North America and its products are available at a growing list of retailers.

Company profile

Ticker
CSPR
Exchange
Website
CEO
Philip A. Krim
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Casper Sleep Retail LLC • Casper Science LLC • Casper Sleep Limited • Casper Sleep SAS • Casper Sleep GmbH • Casper Sleep (UK) Limited ...
IRS number
463987647

CSPR stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 Aug 21
16 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 49.66M 49.66M 49.66M 49.66M 49.66M 49.66M
Cash burn (monthly) 3.99M 4.05M 11.24M 7.15M 3.95M 3.05M
Cash used (since last report) 14.2M 14.4M 40.02M 25.43M 14.07M 10.86M
Cash remaining 35.46M 35.25M 9.64M 24.22M 35.59M 38.8M
Runway (months of cash) 8.9 8.7 0.9 3.4 9.0 12.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Sep 21 Michael P. Monahan Common Stock Sell Dispose S No No 5.2 10,956 56.97K 187,922
1 Jul 21 Parikh Neil Common Stock Sell Dispose S No Yes 8.2074 10,000 82.07K 1,075,674
10 Jun 21 Diane M Irvine Common Stock Grant Acquire A No No 0 16,062 0 33,394
10 Jun 21 Dani Reiss Common Stock Grant Acquire A No No 0 16,062 0 33,394
10 Jun 21 Karen Katz Common Stock Grant Acquire A No No 0 16,062 0 33,394

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

62.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 87 80 +8.8%
Opened positions 17 23 -26.1%
Closed positions 10 9 +11.1%
Increased positions 33 22 +50.0%
Reduced positions 25 19 +31.6%
13F shares
Current Prev Q Change
Total value 206.68M 161.73M +27.8%
Total shares 25.7M 22.7M +13.2%
Total puts 204.5K 89.7K +128.0%
Total calls 651.9K 264.1K +146.8%
Total put/call ratio 0.3 0.3 -7.6%
Largest owners
Shares Value Change
NEA Management 6.23M $51.3M 0.0%
Institutional Venture Partners XV 2.42M $14.86M 0.0%
Institutional Venture Management XV 2.42M $19.91M 0.0%
Penserra Capital Management 2.22M $18.32M NEW
BLK Blackrock 2.05M $16.88M -4.9%
Vanguard 1.14M $9.43M -4.9%
Susquehanna International 1.13M $9.28M -34.6%
Millennium Management 773.43K $6.37M +168.0%
MS Morgan Stanley 713.35K $5.88M +219.2%
DB Deutsche Bank AG - Registered Shares 455.02K $3.75M +4.7%
Largest transactions
Shares Bought/sold Change
Penserra Capital Management 2.22M +2.22M NEW
Susquehanna International 1.13M -596.65K -34.6%
MS Morgan Stanley 713.35K +489.86K +219.2%
Millennium Management 773.43K +484.89K +168.0%
Jacobs Levy Equity Management 393.95K +315.53K +402.4%
Renaissance Technologies 51.08K -279.22K -84.5%
Atom Investors 225.72K +225.72K NEW
SG Americas Securities 206.23K +206.23K NEW
Two Sigma Investments 195.31K -182.19K -48.3%
Islet Management 0 -138.86K EXIT

Financial report summary

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Risks
  • We do not intend to pay dividends on our common stock for the foreseeable future.
  • We are an emerging growth company, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.
  • The obligations associated with being a public company involve significant expenses and require significant resources and management attention, which may divert from our business operations.
  • As a public reporting company, we are subject to rules and regulations established from time to time by the SEC regarding our internal control over financial reporting. If we fail to establish and maintain effective internal control over financial reporting and disclosure controls and procedures, we may not be able to accurately report our financial results, or report them in a timely manner.
  • Anti-takeover provisions in our governing documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management, and limit the market price of our common stock.
  • Our Amended Charter provides that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders' ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
  • Our Amended Charter provides that the doctrine of "corporate opportunity" does not apply with respect to any officer, director or stockholder who is not employed by us or our subsidiaries.
  • Any acquisitions, partnerships or joint ventures that we enter into could disrupt our operations, and have a material adverse effect on our business, financial condition, and results of operations.
  • Future sales, or the perception of future sales, by us or stockholders in the public market could cause the market price for our common stock to decline. In addition, the issuance by us of additional shares of common stock or convertible securities could make it difficult for another company to acquire us, may dilute your ownership of us and could adversely affect our stock price.
  • An active trading market for our common stock may not be sustained.
  • If securities analysts do not publish research or reports about our Company, or if they issue unfavorable commentary about us or our industry or downgrade our common stock, the price of our common stock could decline.
  • If our operating and financial performance in any given period does not meet the guidance that we provide to the public, the market price of our common stock may decline.
Management Discussion
  • Revenue was $151.8 million for the three months ended June 30, 2021, an increase of $41.6 million, or 37.7%, compared to $110.2 million for the three months ended June 30, 2020. Revenue increased as a result of higher sales through our direct-to-consumer and retail partnership channels and the introduction of new products, partially offset by our European operations which did not contribute to revenue for the three months ended June 30, 2021, as a result of the closure of these operations in the second quarter of 2020. North America revenue was up $46.8 million, or 44.6%, for the three months ended June 30, 2021 compared to the same period in the prior year. Sales from our European operations, which did not contribute to revenue for the three months ended June 30, 2021, had revenue of $5.2 million for the three months ended June 30, 2020. Direct-to-consumer revenue increased $18.5 million, or 22.9%, compared to the three months ended June 30, 2020, driven primarily by higher sales in our retail stores in North America due to limited operations in the prior year, partially offset by our European operations which did not contribute to revenue for the three months ended June 30, 2021. Although all of our 72 stores were open and operating as of the end of the second quarter of 2021, operations in certain locations were limited due to public health and government pandemic orders. North America direct-to-consumer revenue increased $23.7 million or 31.3%, compared to the three months ended June 30, 2020. Sales to retail partners were up $23.0 million, or 78.7%, compared to the three months ended June 30, 2020. This increase was driven by revenue growth with our existing retail partners, the introduction of new retail partners compared to the comparable period in the prior year to end the quarter with more than 25 partners, and the expansion of our product offerings. North America retail partnership revenue increased $23.0 million, or 78.9%, compared to the three months ended June 30, 2020.
Content analysis
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