Luvu Brands reports record Q3 sales $6.9M; net income down to $0.3M

Luvu Brands, Inc.

2023-Q3 EPS reported $0.02 revenue$23,098,000

Q3 net sales $6.9M (+2.2% YoY); net income $0.3M ($0.00 EPS) vs $0.5M prior year.
Nine-month net sales $23.1M (+15% YoY); net income $1.5M ($0.02 EPS) vs $0.9M.
Liberator brand sales $4.5M (+38%); Jaxx $1.2M (-36%); Avana $0.6M (-12%).
Adjusted EBITDA Q3 $484K vs $616K prior year; nine-month $2.04M vs $1.35M.
Cash $1.4M vs $0.9M at June 2022; management cites cautious macroeconomic outlook.

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 the third fiscal quarter ended March 31, 2023 results: revenue $6.9 million, net income $0.3 million, or $0.00 per share, EPS $0.00 per share.

Period: the third fiscal quarter ended March 31, 2023
Revenue: $6.9 million
Net income: $0.3 million, or $0.00 per share
EPS: $0.00 per share
Result: reported results

Exact text from the filing

PRESS RELEASE luvu_ex991.htm EXHIBIT 99.1 Luvu Brands Reports Fiscal 2023 Third Quarter and Nine Month Results and Announces Conference Call Reports Record Q3 Net Sales of $6.9 million Atlanta, Georgia , May 23, 2023 – Luvu Brands, Inc. (OTCQB: LUVU), a designer, manufacturer and marketer of a portfolio of consumer lifestyle brands, yesterday reported financial

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Source: SEC EDGAR

accession 0001654954-23-007076

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