Welcome to our dedicated page for Luvu Brands news (Ticker: LUVU), a resource for investors and traders seeking the latest updates and insights on Luvu Brands stock.
Luvu Brands, Inc. (OTCQB:LUVU) is regularly featured in corporate and financial news as a designer, manufacturer, and marketer of consumer lifestyle brands. Company press releases focus on its brand portfolio, vertically integrated manufacturing in Atlanta, Georgia, and the performance of its brands Liberator, Avana, Jaxx, and FOAMLABS.
News coverage on this page typically includes quarterly and annual financial results, where Luvu Brands reports net sales, gross profit, gross margin, operating expenses, net income or loss, and non-GAAP Adjusted EBITDA for periods such as fiscal quarters and full fiscal years. These releases often explain how factors like consumer sentiment, import tariffs, sourcing costs, and marketing spend have affected its results.
Readers will also find operational and strategic updates. Recent announcements describe supply chain and sourcing changes, investments in automation and technology to enhance productivity and reduce fulfillment costs, and adjustments to marketing strategies, such as focusing on high-return channels and eliminating unprofitable pay-per-click campaigns. The company’s commentary in these releases discusses cost control, margin improvement, and efforts to manage inventory and cash.
Brand-specific news appears as well. Luvu Brands has announced increased distribution of its Jaxx brand into a regional retail furniture chain, and has highlighted Liberator’s role as the exclusive brand partner of OSUGA in North America, as described in its 2025 release. Executive appointments, such as changes in the Chief Financial Officer role, are also covered in detail, including background on incoming finance leaders.
Investors and followers of LUVU can use this news page to review the company’s own narrative around its financial performance, operational initiatives, brand developments, and leadership changes over time. Because the content is drawn from Luvu Brands’ official press releases, it provides direct insight into how management describes the business and its priorities.
Luvu Brands has announced a two-year exclusive distribution agreement making ORION the sole wholesale distributor of LIBERATOR products in the E.U., effective March 1, 2022. This partnership aims to enhance brand recognition and expand ORION's product offerings. The collaboration features six popular LIBERATOR products available for purchase through ORION's online catalog, with plans to introduce additional items. Both companies express optimism for a mutually beneficial relationship that caters to the demand for unique, non-mainstream products.
Luvu Brands reported a 9% increase in third-quarter net sales, reaching $6.8 million compared to $6.2 million in the prior year. Gross profit rose slightly to $1.8 million, though gross profit margin declined to 27% from 28%. Operating expenses increased by 7% to $1.3 million. The net income for the quarter was $452,000, or $0.01 per share, down from $469,000 in the prior year. The company anticipates fourth-quarter revenue to exceed $6 million, indicating a projected 15% year-over-year growth.
Luvu Brands, Inc. will announce its third quarter fiscal 2022 financial results on May 16, 2022. A conference call is scheduled for May 17, 2022 at 11:00 a.m. EST to discuss these results. Investors can participate by registering at the provided link. A Q&A session will follow the presentation for shareholders. A replay of the call will be available until August 15, 2022 on the Company's website. Luvu Brands, known for its consumer lifestyle products, operates a 140,000 square foot facility in Atlanta and focuses on sustainability.
Luvu Brands (OTCQB:LUVU) will announce its Q3 fiscal 2022 financial results on May 16, 2022. A conference call to discuss these results is scheduled for May 17, 2022, at 11:00 a.m. EST. Investors can participate by registering online, and a Q&A session will follow the presentation. The recorded replay of the call will be available until August 15, 2022. Luvu Brands specializes in designing and marketing lifestyle products that focus on sustainability and well-being through brands like Liberator, Avana, and Jaxx.
Luvu Brands, Inc. (OTCQB:LUVU) will release its financial results for the third quarter of fiscal 2022 on May 16, 2022. A conference call is scheduled for May 17, 2022, at 11:00 a.m. EST, to discuss these results, followed by a Q&A session. Investors can join the call through registration or by phone. The recorded replay will be available until August 15, 2022. Luvu Brands specializes in designing and marketing consumer lifestyle products, including the brands Liberator, Avana, and Jaxx, while focusing on sustainability and eco-friendly practices.
Luvu Brands, Inc. (OTCQB:LUVU) announced the appointment of Alexander Sannikov as Chief Financial Officer, effective April 29, 2022. Sannikov, who joined the company on April 11, has significant finance leadership experience, including roles at Weather Group and AMES Taping Tools. His appointment follows a strong financial performance in the first half of fiscal 2022, with the company aiming to enhance profitability and explore mergers and acquisitions. CEO Louis Friedman expressed confidence in Sannikov's leadership and potential for growth.
Luvu Brands, Inc. (OTCQB:LUVU) reported record net sales of $13.4 million for the first half of fiscal 2022, up 21% year-over-year. The second quarter saw a 26% increase in net sales to $7.2 million. However, net income fell significantly to $167,000, or $0.00 per share, compared to $1.465 million, or $0.02 per share, last year. Operating expenses rose 20% to $1.326 million. Gross profit margins declined, with gross profit as a percentage of net sales at 22% versus 27% in the prior year. The company plans to enhance operations through automation and expanded supplier relationships.
Luvu Brands, Inc. (OTCQB:LUVU) reported preliminary unaudited net sales for October and November 2021, showing a significant increase of 32% compared to the same period in 2020, totaling approximately $1,059,000. CEO Louis Friedman highlighted strong orders and shipments for their Liberator and Jaxx products, largely driven by e-commerce sales. The company anticipates ending the second quarter (December 31) with sales up by 28% to 32% year-over-year.
Luvu Brands (OTCQB:LUVU) will present at the Sidoti Fall Virtual Investor Conference from December 8-9, 2021. CEO Louis Friedman and CFO Ronald Scott will host a 30-minute presentation on December 8 at 12:15 ET, accessible live online. Attendees can register for the presentation and virtual one-on-one meetings for free, without the need for Sidoti membership. Luvu Brands designs and markets consumer lifestyle brands, including Liberator, Avana, and Jaxx, from its Atlanta headquarters.
Luvu Brands, Inc. (OTCQB:LUVU) reported a record first quarter net sales of $6.2 million, reflecting a 16% increase year-over-year. Gross profit remained stable at $1.5 million, but the gross profit margin decreased to 24% from 28% due to rising raw material and labor costs. Operating expenses rose by 12% to $1,176,000, while net income fell to $227,000 from $329,000 in the previous year. The company anticipates revenue of $6.4 to $6.6 million for the next quarter, up 15% year-over-year.