Highest-materiality recent filing
Lulu's Fashion Lounge gets Nasdaq delisting notice for negative stockholders' equity
Received Nasdaq letter on May 21, 2026 for non-compliance with minimum $2.5M stockholders' equity requirement.
Lulus Q1'26 net loss improves to $4.1M; gross margin up 480 bps, revenue down 10%
Net revenue $57.5M (down 10% YoY); net loss improved to $4.1M from $8.0M YoY.
Lulus Q4 gross profit +11%, net loss narrows to $0.4M; proposes 94% reduction in authorized shares
Q4 net loss $0.4M vs $31.9M loss a year ago; Adjusted EBITDA $2.6M vs $(3.3)M.
Lulus Q3 net loss narrows to $2.3M; delivers second consecutive positive Adj EBITDA
Net loss of $2.3M improves $4.6M YoY from $6.9M loss in Q3'24.
Lulus Q2 net revenue down 11% to $81.5M; net loss improves, Adj EBITDA turns positive
Q2 net revenue $81.5M, down 11% YoY; net loss narrowed to $3.0M from $10.8M.
Lulus in default; enters forbearance and 1-for-15 reverse stock split to avoid delisting
Reverse stock split 1-for-15 approved, effective July 3, 2025, to regain Nasdaq compliance; shares reduce from 41.5M to 2.8M.
Nasdaq approved transfer from Global to Capital Market effective June 10, 2025; symbol remains LVLU.
Lulus CFO Tiffany Smith resigns effective June 30; CEO Crystal Landsem named interim CFO
CFO Tiffany Smith steps down June 30, 2025 for personal family reasons; not due to any disagreement.
Lulu's Fashion Lounge Receives Nasdaq Notice for Low Stockholders' Equity
Nasdaq notified Lulu's on May 21, 2025 of non-compliance with $10 million minimum stockholders' equity for Global Market.
Lulus Q1 net revenue down 17% to $64.2M; net loss $8.0M; withdraws FY2025 guidance
Net revenue $64.2M, down 17% YoY; Total Orders Placed fell 17%, AOV down 5% to $136.
Lulus FY2024 net loss $55.3M, revenue down 11% to $315.9M; focuses on FY2025 cash flow
Net loss $55.3M in FY2024 includes $28.4M non-cash goodwill impairment; vs net loss $19.3M in 2023.
Received Nasdaq deficiency notice on Feb 27, 2025 as stock closed below $1.00/share for 30 consecutive trading days.
Lulus obtains covenant waiver from BoA, faces higher interest and weekly cash minimums
Third Amendment to Credit Agreement grants limited waiver of financial covenants for quarter ended Sep 30, 2024.
Lulus Q3 net revenue $80.5M, net loss widens to $6.9M; lowers Q4 & FY outlook
Net revenue $80.5M, down 3% YoY; net loss $6.9M vs $3.9M loss a year ago; adjusted EBITDA -$3.6M vs +$1.0M.
Lulus cuts board from 11 to 6 directors, suspends retainers for cost reduction
Five directors (McCreight, Mardy, Sheu, Qi, Yugay) resigned voluntarily, effective Sept 4, 2024; no disagreement with company.
Lulus Q2 net revenue falls 13% to $92M; net loss widens to $10.8M
Net revenue of $92.0M, down 13% YoY from $106.1M; net loss widened to $10.8M from $2.6M.
Lulus preliminary Q2 net revenue down ~14% YoY, adjusted EBITDA turns negative
Net revenue expected $90.5-$91.5M, declining ~14% YoY from prior year.
Lulu's Fashion Lounge amends credit facility: maturity extended to Aug 2025, commitments cut to $15M
Maturity date extended nine months to August 15, 2025, from prior maturity.
Lulus Q1 net revenue $77.3M (-15% YoY); net loss $5.7M; authorizes $2.5M buyback
Net revenue of $77.3M, down 15% YoY; gross margin improved 60 bps to 42.3%.
Lulus reports FY2023 net loss of $19.3M; revenue declines 19% YoY
Net loss $19.3M vs net income $3.7M in FY2022; diluted EPS loss $0.48.
Laura Deady appointed Chief Merchandising Officer effective Jan 15, 2024; previously Senior Managing Director at Urban Outfitters.
Lulus Q3 net revenue down 21% to $83.1M; net loss of $3.9M vs prior year profit; guidance updated
Net revenue $83.1M, down 21% YoY; net loss $3.9M vs net income $0.9M in Q3 2022; diluted EPS $(0.10).
Lulus Q2 net loss $2.6M, revenue down 19% YoY; adjusted EBITDA falls 71%
Net loss of $2.6M vs net income $6.0M YoY; diluted EPS ($0.07) vs $0.15.
Lulus reports preliminary Q2 revenue down ~20% YoY, withdraws FY2023 guidance
Net revenue expected $104.5-106.0M, down ~20% YoY from $131.4M in Q2 2022.
Lulus Q1 revenue down 19% YoY to $91M; net loss $5.6M vs $2.0M income last year
Net revenue $91.0M, down 19% YoY; gross margin fell 560 bps to 41.7%.
Lulus posts record FY2022 revenue $440M (+17% YoY), net income up 82% but adjusted EBITDA falls 30%
Full year net revenue $439.7M, up 17% YoY; Active Customers grew 17% to 3.2 million.
Tiffany Smith appointed CFO effective March 6, 2023; she was VP of Finance since April 2021.
Previously reported cost savings from forfeiture of 161,396 unvested options will not occur.
Lulus Q3 net income falls 76% YoY to $0.9M; CEO succession set for March 2023
Net revenue $105.3M, down 1% YoY; net income $0.9M, down 75.9% YoY; Adjusted EBITDA $5.4M, down 54.9% YoY.
Lulus Q2 2022 revenue up 27% to $131.5M; active customers rise 53% to 3.2M
Net revenue $131.5M, up 27% YoY; net income $6.0M, down 28% from $8.3M in Q2 2021.
Lulus pre-announces Q2 revenue growth 26-27% but cuts FY22 guidance; cites macro headwinds
Q2 preliminary net revenue $131-132M (~26.5-27.5% YoY); net income $5.6-6.2M vs $8.3M last year.
Lulus Q1 revenue $111.9M +62% YoY, raises FY2022 revenue guidance to $490-500M
Net revenue $111.9M (+62% YoY); gross margin 47.3% (+220 bps); net income $2.0M vs -$1.4M.
Lulus Q4 revenue up 78% YoY to $96.8M; FY2022 guidance $480-490M (28-30% growth)
Q4 net revenue $96.8M (+78% YoY); gross margin 44.9% (+200bps); adjusted EBITDA $6.4M vs. -$0.1M.
Lulus Q3 2021 net revenue $106.3M (+95% YoY), net income $2.3M (+921%)
Net revenue $106.3M vs $54.5M prior year; net income $2.3M vs $0.2M; EPS $0.13 vs $0.01.
On May 30, 2025, Tiffany R. Smith notified the Company of her decision to resign as Chief Financial Officer, effective June 30, 2025
the Board has appointed Crystal Landsem to serve as the Company’s Interim Chief Financial Officer, effective as of the Transition Date
Kira Yugay tendered her resignation as a Class I director of the Board
Danielle Qi tendered her resignation as a Class II director of the Board
Caroline Sheu tendered her resignation as a Class III director of the Board
Michael Mardy tendered his resignation as a Class III director of the Board
Mr. McCreight will conclude his service as Executive Chairman on March 6, 2024
the Board approved the appointment of current director, John Black, as Chairman of the Board of Directors as of the Effective Date.
appointed Kelly McCarthy as a Class I director of the Company, effective as of August 18, 2023.
appointed Caroline Sheu as a Class III director of the Company, effective as of the Effective Date
appointed Crystal Landsem as a Class II director of the Company, effective as of March 8, 2023
appointed Tiffany R. Smith as the Company’s Chief Financial Officer, effective March 6, 2023
Max materiality 0.90 · Median 0.65 · Most common event earnings