earnings
confidence high
sentiment neutral
materiality 0.60
Luvu Brands reports record Q3 net sales of $6.8M (+9% YoY); net income flat at $452K
Luvu Brands, Inc.
2022-Q3 EPS reported
$0.01
revenue$20,164,000
- Net sales $6.8M record, up 9% from $6.2M; Liberator +15% to $3.3M, Jaxx +29% to $1.9M, Avana -27% to $735K.
- Gross profit $1.8M (27% margin, down from 28%) due to higher labor, raw materials, and transportation costs.
- Net income $452K ($0.01/share) vs $469K ($0.01) prior year; Adjusted EBITDA $616K vs $621K.
- Nine-month net sales $20.2M (+17%), net income $846K ($0.01) vs $2.3M ($0.03) prior year; adjusted EBITDA $1.3M vs $2.7M.
- Guidance: Q4 fiscal 2022 revenue expected >$6M, representing 15% YoY growth.