Luvu Brands reports record Q1 net sales of $8.1M, net income up to $0.5M

Luvu Brands, Inc.

2023-Q1 EPS reported $0.01 revenue$8,059,000

Q1 net sales increased 29.5% YoY to a record $8.1M; Liberator brand sales up 86% to $5.1M.
Net income was $492K ($0.01 per share) vs $227K ($0.00) in prior year; adjusted EBITDA $675K.
Gross margin improved to 24.5% from 24.1%; operating expenses held at ~17% of sales.
Cash and equivalents totaled $1.3M at quarter-end, up from $0.9M at June 30, 2022.
Management cited growth from Netflix product placement and expanded multi-channel marketing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Luvu Brands, Inc. reported fiscal first quarter ended September 30, 2022 results: revenue $8.1 million, net income $0.5 million, EPS $0.01 per share.

Period: fiscal first quarter ended September 30, 2022
Revenue: $8.1 million
Net income: $0.5 million
EPS: $0.01 per share
Result: reported results

Exact text from the filing

Net sales increased 29.5% to a record $8.1 million. · Total gross profit of $2.0 million, an increase from prior year’s $1.5 million. · Gross profit as a percentage of net sales of 24.5% compared to 24.1% in the prior year. · Operating expenses were $1.4 million compared to $1.2 million in fiscal 2022. · Net income was $0.5 million, or $0.01 per share, compared to net income of $0.2 million, or $0.00 per share, in 2022.

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Source: SEC EDGAR

accession 0001654954-22-015348

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