Luvu Brands Stock Price, News & Analysis

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.

Luvu Brands, Inc. (OTCQB:LUVU) will announce its financial results for the first fiscal quarter, ending September 30, 2021, on November 15, 2021. A conference call is scheduled at 11:00 a.m. EST, allowing management to discuss these results and engage in a Q&A session. Interested parties can register for the call through a provided weblink. Luvu Brands designs and markets consumer lifestyle products, including brands like Liberator®, Avana®, and Jaxx®. The company operates from a 140,000 square foot facility in Atlanta, Georgia, employing over 200 people.

Luvu Brands (OTCQB:LUVU) has unveiled its new Panelist™ collection, a customizable line of upholstered panels designed for modern headboards. The panels come in lengths of 30 inches and 38 inches, allowing homeowners to configure them according to personal tastes and needs. Available in twelve fabric colors, the panels are sold in packs of four, priced between $179-$199. With simple installation and a flexible design, Panelist aims to transform interior design possibilities. Additionally, a look book showcases ten unique headboard designs inspired by global cities.