secwatch.observer — SEC 8-K summary
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Issuer:     Luvu Brands, Inc. (LUVU)
CIK:        0001374567
Form:       8-K
Filed at:   2022-10-14T23:59:59+00:00
Accession:  0001654954-22-013720
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Luvu Brands reports record FY2022 net sales $26.3M (+14% YoY) but net income falls to $0.6M vs $2.6M
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374567/000165495422013720/0001654954-22-013720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374567/000165495422013720/luvu_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-013720

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer