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Casper Reports Record Quarterly Revenue in 2021 Second Quarter 45 % YoY Growth in North America , Including 79 % YoY Growth in Retail Partnership Channel NEW YORK - August 10 , 2021 - Casper Sleep Inc. ( " Casper " or the " Company " ) ( NYSE : CSPR ) today announced financial results for the quarter ended June 30 , 2021 ( the " second quarter 2021 " or " second quarter " ) . Second Quarter 2021 Financial Highlights ( as compared to the quarter ended June 30 , 2020 ) North America revenue increased 44.6 % to an all - time quarterly record of $ 151.8 million ; North America Direct - to - Consumer revenue , inclusive of Casper's 72 retail stores and e - commerce channel , increased 31.3 % to $ 99.5 million ; ● O O North America Retail Partnership revenue increased 78.9 % to $ 52.2 million ; Gross Profit increased $ 15.5 million or 27.1 % to $ 72.5 million ; Net Loss increased by $ 9.5 million or 39.4 % to $ 33.7 million , inclusive of a $ 17.5 million one - time lease write - off charge ; Adjusted EBITDA loss improved by $ 4.8 million or 41.8 % to $ 6.7 million ; and Cash and cash equivalents were $ 49.7 million on June 30 , 2021 . Commenting on the second quarter results , Casper's Chief Executive Officer , Philip Krim , said , " We are pleased with our significant top - line growth , compared to both 2020 and 2019. Casper delivered all - time record quarterly revenue , reflecting continued demand for our innovative sleep products across our sales channels and the strength of the Casper brand . North America revenue growth of 45 % year - over - year was driven by 79 % revenue growth across our retail partnerships and 31 % revenue growth across our DTC channel , representing 70 % revenue growth compared to the second quarter of 2019. Our topline growth reflects the success of our new product offerings , the relevance of our omni - channel shopping experience and the staying and pricing power of our brand . ” " While we continue to make meaningful progress on our strategic priorities and path towards achieving Adjusted EBITDA profitability , the extended constraints and inflationary pressures in raw materials , freight and labor across our supply chain significantly hampered our ability to meet the full extent of the record level of demand . We are taking aggressive measures to offset these various challenges , including further diversifying and expanding our supplier base to strengthen our sourcing capabilities , leveraging our growing scale to negotiate preferential rates and implementing price increases to help offset the ongoing inflationary pressures . In spite of significant supply constraints , the overall industry environment remains strong , and with manufacturing capacity anticipated to ramp up later this year , we expect our third - party manufacturing model will help us fulfill the growing demand for Casper products across our expanding footprint and enable us to improve gross profit margin in 2022. " Mr. Krim continued , " More than ever , our teams are focused on serving our customers and retail partners while effectively managing through these dynamic market conditions . Our momentum remains strong , and our brand is resonating with consumers , who are both spending more time at home and assigning greater value to rest and wellness . Fueled by our top - line momentum and the successes of our product extensions , we continue to invest in product development through the introduction of thoughtfully designed and innovative products , such as our new Cooling Collection . In addition , our brand and products are supported by a growing list of top - tier retail partners , such as our recent partnership with Bed Bath & Beyond , as well as through Casper retail stores . As consumers ' shopping habits become increasingly bifurcated , we are confident that we can further leverage the growing appeal of our in - person shopping opportunities in combination with the convenience of our e - commerce platform . " Outlook The Company today provided an outlook for certain financial metrics for the quarter ending September 30 , 2021 ( " third quarter 2021 " ) and the 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 industry - wide supply chain challenges and 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 , 1