Lulus Q2 net loss $2.6M, revenue down 19% YoY; adjusted EBITDA falls 71%

Lulu's Fashion Lounge Holdings, Inc.

2023-Q2 EPS reported -$0.21 revenue$197,098,000

Net loss of $2.6M vs net income $6.0M YoY; diluted EPS ($0.07) vs $0.15.
Revenue $106.1M, down 19% from Q2 2022; up 2.5% from Q2 2021.
Gross margin 44.7% (-110bps YoY) but +300bps sequentially from Q1 2023.
Adjusted EBITDA $4.2M (-71% YoY); operating cash flow improved to $4.6M from -$9.7M.
Active customers 3.08M (-5% YoY); signed short-term lease for Melrose Ave pop-up store.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lulu's Fashion Lounge Holdings, Inc. reported second quarter ended July 2, 2023 results: revenue $106.1 million, net income Net loss of $2.6 million, EPS $(0.07) per diluted share. Guidance initiated.

Period: second quarter ended July 2, 2023
Revenue: $106.1 million
Net income: Net loss of $2.6 million
EPS: $(0.07) per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Lulus Reports Second Quarter 2023 Results and Updates Full Year 2023 Guidance Net Revenue of $106.1 million, down 19% from Second Quarter 2022, up 2.5% from Second Quarter 2021 Significant Sequential Improvement in Gross Margin Rate of 44.7%, up 300bps from First Quarter 2023 CHICO,

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Source: SEC EDGAR

accession 0001558370-23-013918

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