---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-031486"
form_type: "8-K"
ticker: "LOVE"
cik: "0001701758"
company_name: "Lovesac Co"
filed_at: "2022-12-07T23:59:59+00:00"
generated_at: "2026-06-21T08:10:25.450019+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lovesac Q3 net loss $8.4M vs $2.8M profit YoY; sales up 15.5% but margins shrink

## Summary
- Net loss of $8.4M vs prior-year net income $2.8M; diluted EPS loss $0.55 vs $0.17 income.
- Net sales $134.8M, +15.5% YoY; comparable sales +8.9%. Gross margin 47.2%, down 300 bps.
- SG&A $53.7M, +40.9% YoY, driven by 720 bps increase as % of sales to 39.8%.
- Adjusted EBITDA negative $8.4M vs positive $5.8M last year; net cash used in ops $(5.6)M.
- CEO cites challenging backdrop, plans tight expense management and prioritization for holiday season.

## SEC filing metadata
- accession: 0001628280-22-031486
- form_type: 8-K
- ticker: LOVE
- cik: 0001701758
- company_name: Lovesac Co
- filed_at: 2022-12-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1701758/000162828022031486/0001628280-22-031486-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1701758/000162828022031486/love-20221207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-031486
- JSON: https://secwatch.observer/filing/0001628280-22-031486.json
- Plain text: https://secwatch.observer/filing/0001628280-22-031486.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.