secwatch.observer — SEC 8-K summary
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Issuer:     Luvu Brands, Inc. (LUVU)
CIK:        0001374567
Form:       8-K
Filed at:   2022-02-18T23:59:59+00:00
Accession:  0001654954-22-001857
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374567/000165495422001857/0001654954-22-001857-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374567/000165495422001857/luvu_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-001857

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