Lulus Q1 net revenue $77.3M (-15% YoY); net loss $5.7M; authorizes $2.5M buyback

Lulu's Fashion Lounge Holdings, Inc.

2024-Q1 EPS reported -$0.15 revenue$77,259,000

Net revenue of $77.3M, down 15% YoY; gross margin improved 60 bps to 42.3%.
Net loss of $5.7M ($0.15 diluted loss per share) vs $5.6M loss in prior year.
Adjusted EBITDA of -$2.7M, down from $16K positive in prior year.
Free Cash Flow improved 127% to $6.0M; total debt reduced 70% to $6M.
Board authorized $2.5M stock repurchase program; CEO cites undervaluation.

item 2.02 item 8.01 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 the first quarter ended March 31, 2024 results: revenue $77.3 million, net income Net loss of $5.7 million, EPS $(0.15).

Period: the first quarter ended March 31, 2024
Revenue: $77.3 million
Net income: Net loss of $5.7 million
EPS: $(0.15)
Result: reported results

Exact text from the filing

our opportunities to return to growth as we continue to build upon our operational efficiency, innovation, and product offering." First Quarter 2024 Highlights: ● Net revenue of $77.3 million, a decrease of 15% compared to $91.0 million in the same period last year, driven by a 17% decrease in Total Orders Placed with higher return rates, offset by higher Average

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Source: SEC EDGAR

accession 0001558370-24-007331

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