{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-021163","form_type":"8-K","ticker":"LOVE","cik":"0001701758","company_name":"Lovesac Co","filed_at":"2023-06-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.109614+00:00","generated_at":"2026-06-14T05:55:14.151042+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lovesac Q1 net loss $4.2M vs prior-year profit; sales up 9.1%, comp sales 15.1%","bullets":["Net sales of $141.2M (+9.1% YoY); comparable sales growth of 15.1%.","Net loss of $4.2M (diluted EPS $(0.28)) vs net income of $1.9M ($0.12) a year ago.","Adjusted EBITDA turned negative to $(2.4)M from $6.4M.","Gross margin fell 100 bps to 50.1%; SG&A as % of sales rose 560 bps to 40.3%.","CEO cites strong comps and debt-free balance sheet; plans to boost product investment."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-021163","json":"https://secwatch.observer/filing/0001628280-23-021163.json","markdown":"https://secwatch.observer/filing/0001628280-23-021163.md","text":"https://secwatch.observer/filing/0001628280-23-021163.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1701758/000162828023021163/0001628280-23-021163-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1701758/000162828023021163/love-20230607.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T05:55:14.151042+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2d93373d81bd556aad22635c3cc5489e75112b1e","claim":"Lovesac Co reported the first quarter of fiscal 2024, which ended April 30, 2023 results: revenue $141.2, net income $(4.2), EPS $(0.28).","evidence_excerpt":"in millions, except per share amounts. Dollar and percentage changes may not recalculate due to rounding.) Thirteen weeks ended April 30, 2023 May 1, 2022 % Inc (Dec) Net Sales $141.2 $129.4 9.1% Gross Profit $70.7 $66.1 7.0% Gross Margin 50.1 % 51.1 % (100) bps Total Operating Expense $76.6 $63.5 20.7% SG&A $56.8 $44.9 26.6% SG&A as a % of Net Sales 40.3 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1701758/000162828023021163/0001628280-23-021163-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of fiscal 2024, which ended April 30, 2023"},{"label":"Revenue","value":"$141.2"},{"label":"Net income","value":"$(4.2)"},{"label":"EPS","value":"$(0.28)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}