Highest-materiality recent filing
Luvu Brands Q3 FY26 revenue up 12% to $6.55M; net income turns positive to $174K
Q3 net sales $6.55M (+12% YoY); gross margin expanded to 28.0% from 27.4%.
Luvu Brands Q2 FY26 revenue $6.88M (-4.2% YoY), net loss $765K on deferred tax provision
Net loss of $765K vs net income of $192K in prior-year quarter, driven by $813K deferred tax provision.
Luvu Brands dismisses auditor Assurance Dimensions, engages EC Barrett
On June 12, 2024, Board decided to change independent registered public accountant; dismissed Assurance Dimensions.
Luvu Brands Q3 net sales down 14% to $5.9M; net loss of $94K vs prior year profit
Net sales $5.9M, down 14% YoY; net loss of $94K vs net income $293K in prior-year Q3.
Luvu Brands CFO Martin Scott to be replaced by Chris Knauf effective upon Q3 filing
CFO Martin Scott dismissed effective after filing of Q3 10-Q (due Feb 14, 2024); no disagreement cited.
CFO Alexander Sannikov resigns; Martin Scott appointed as CFO of Luvu Brands
CFO Alexander Sannikov resigned effective Sept 1, 2023; no disagreement with board or management.
Luvu Brands reports record Q3 sales $6.9M; net income down to $0.3M
Q3 net sales $6.9M (+2.2% YoY); net income $0.3M ($0.00 EPS) vs $0.5M prior year.
Luvu Brands reports record Q2 net sales of $8.1M; net income rises to $0.7M
Q2 net sales $8.1M, +13.2% YoY; net income $0.7M vs $0.2M; EPS $0.01 vs $0.00.
Luvu Brands reports record Q1 net sales of $8.1M, net income up to $0.5M
Q1 net sales increased 29.5% YoY to a record $8.1M; Liberator brand sales up 86% to $5.1M.
Luvu Brands auditor Liggett & Webb resigns; Assurance Dimensions hired as new auditor
Liggett & Webb P.A. resigned as independent auditor on Oct. 31, 2022; no adverse opinions or disagreements.
Luvu Brands reports record FY2022 net sales $26.3M (+14% YoY) but net income falls to $0.6M vs $2.6M
Net sales $26.3M, +14% YoY, a record high.
LUVU Brands reports preliminary Q4 net sales $6.2M (+6% YoY); FY record $26.4M (+14%)
Preliminary unaudited Q4 net sales ~$6.2M, up 6% from $5.8M in Q4 2021.
Luvu Brands reports record Q3 net sales of $6.8M (+9% YoY); net income flat at $452K
Net sales $6.8M record, up 9% from $6.2M; Liberator +15% to $3.3M, Jaxx +29% to $1.9M, Avana -27% to $735K.
Luvu Brands appoints Alexander A. Sannikov as CFO, replacing Ronald P. Scott
Appointment effective April 29, 2022; Scott resigns as CFO and Secretary same day.
Luvu Brands CFO and director Ronald Scott to resign effective May 9, 2022
CFO and director Ronald Scott resigns; no disagreement with board or management.
Luvu Brands fiscal Q2 net sales up 26% to record $7.2M; net income down to $167K
Net sales of $7.2M, record for second quarter, up 26% YoY; first half sales record $13.4M.
Luvu Brands announces participation in Sidoti Conference; no financial details provided in filing.
Company will present at Sidoti Virtual Investor Conference on December 8-9, 2021.
Luvu Brands Q2-to-date net sales up 32% YoY; CEO guides Q2 growth of 28-32%
Preliminary unaudited net sales for Oct+Nov 2021 up ~$1,059,000 (32%) vs same period 2020.
Luvu Brands Q1 revenue up 16% to $6.2M record; net income falls to $227k on margin pressure
Net sales $6.2M (record Q1), up 16% YoY; gross margin shrank to 24% from 28%.
Luvu Brands reports record full-year net sales $23.1M, net income $2.6M
Full-year net sales $23.1M (+26% YoY); record Q4 sales $5.8M (+7% YoY).
Manuel Munoz notified Luvu Brands on Sept 13, 2021 of his transition from CIO to non-executive Director, Information Systems.
LUVU Brands reports preliminary Q4 net sales of $5.9M, up 7% YoY; full year record $23.1M, up 25%
Preliminary Q4 FY2021 net sales $5.9M vs $5.5M in prior year; excluding $780K non-recurring PPE sales, growth ~25%.
On January 15, 2024, the Company engaged Chris Knauf to serve as Chief Financial Officer and Controller of the Company commencing on the Effective Date.
notified Martin Scott, Chief Financial Officer of the Company, that the Company would retain a full time on site Chief Financial Officer effective following the filing of the Company’s Form 10-Q Quarterly Report for the period ended December 31, 2023 (the “Effective Date”) and Mr. Scott would no longer serve as an employee or executive officer of the Company following the Effective Date.
Effective September 1, 2023, the Company appointed Martin Scott as Chief Financial Officer of the Company.
On September 1, 2023, Alexander A. Sannikov, Chief Financial Officer of Luvu Brands, Inc. (the “Company”), notified the Company of his intention to resign from his position as Chief Financial Officer and remain a consultant of the Company.
Ronald P. Scott, age 67, the Company’s current Chief Financial Officer and Secretary and member of the board of directors, shall resign, as previously announced, effective on the Effective Date.
On April 26, 2022, Luvu Brands, Inc. (the “Company”) appointed Alexander A. Sannikov Chief Financial Officer of the Company, effective April 29, 2022
On March 10, 2022, Ronald Scott, Chief Financial Officer and Director of Luvu Brands, Inc. (the “Company”), notified the Company of his intention to resign from his position as Chief Financial Officer and a member of the Board of Directors, effective May 9, 2022.
On September 13, 2021, Manuel Munoz, Chief Information Officer of Luvu Brands, Inc. (the “Company”), notified the Company of his intention to transition from his executive officer position to a non-executive position with the Company.
Max materiality 0.70 · Median 0.60 · Most common event earnings