Luvu Brands fiscal Q2 net sales up 26% to record $7.2M; net income down to $167K

Luvu Brands, Inc.

2022-Q2 EPS reported $0.01 revenue$13,411,000

Net sales of $7.2M, record for second quarter, up 26% YoY; first half sales record $13.4M.
Gross margin fell to 22% from 27% due to labor and raw material cost increases; operating income down 45% to $251K.
Net income $167K ($0.00 per share) versus $1.465M ($0.02) which included $1.1M PPP loan forgiveness.
Adjusted EBITDA for first half was $733K versus $2.1M in prior year.
Secured and unsecured debt decreased from $2.8M to $2.6M; working capital increased to $849K.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.