secwatch.observer — SEC 8-K summary
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Issuer:     Luvu Brands, Inc. (LUVU)
CIK:        0001374567
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001654954-24-006431
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374567/000165495424006431/0001654954-24-006431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374567/000165495424006431/luvu_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-006431

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