earnings
confidence high
sentiment neutral
materiality 0.65
Luvu Brands reports record FY2022 net sales $26.3M (+14% YoY) but net income falls to $0.6M vs $2.6M
Luvu Brands, Inc.
2023-Q1 EPS reported
$0.01
revenue$8,059,000
- Net sales $26.3M, +14% YoY, a record high.
- Gross margin fell to 23% from 27% due to raw material and labor cost increases.
- Net income $604K ($0.01/shr) vs $2.6M ($0.03/shr) prior year, which included $1.1M PPP loan forgiveness.
- Adjusted EBITDA $1.276M, down 60% from $3.173M.
- Liberator and Jaxx brands each grew 22% YoY; Avana declined 21%.