Luvu Brands Q3 net sales down 14% to $5.9M; net loss of $94K vs prior year profit

Luvu Brands, Inc.

2024-Q3 EPS reported $0.00 revenue$18,835,000

Net sales $5.9M, down 14% YoY; net loss of $94K vs net income $293K in prior-year Q3.
Adjusted EBITDA $150K vs $506K YoY. Gross margin improved to 28% from 26%, driven by lower labor and raw material costs.
Jaxx brand sales +16% to $1.4M; Avana +5% to $681K; Liberator -23% to $3.4M due to China imports and macro headwinds.
Nine-month net loss $191K vs net income $1.48M prior year; Adj. EBITDA $448K vs $2.04M.
Conference call scheduled for May 21, 2024 at 11:00 am EST.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Luvu Brands, Inc. reported financial results for third fiscal quarter and nine months ended March 31, 2024.

Period: third fiscal quarter and nine months ended March 31, 2024
Result: reported results

Exact text from the filing

On May 15, 2024, Luvu Brands, Inc. (the “Company”) issued a press release announcing its financial results for the third fiscal quarter and nine months ended March 31, 2024

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Source: SEC EDGAR

accession 0001654954-24-006431

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