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. reports news around its vertically integrated consumer lifestyle brand business, including the design, manufacture and marketing of products sold through e-commerce, dropship, wholesale and retail channels. Recurring updates cover quarterly and annual operating results, revenue trends, gross margin, adjusted EBITDA, inventory, cash flow, product launches and distribution initiatives.
The company’s news also centers on its brand portfolio, including Liberator, Jaxx, Avana and FOAMLABS, along with sourcing costs, import-tariff effects, domestic manufacturing efficiency, automation, product mix and partnerships in consumer lifestyle and sexual wellness categories.
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.
Luvu Brands, Inc. (OTCQB:LUVU) reported record net sales of $23.1 million for fiscal year 2021, up 26% from $18.4 million in 2020. Fourth quarter sales reached $5.8 million, a 7% increase year-over-year. Despite these gains, gross profit margin fell to 27% from 30% in the previous fiscal year, attributed to rising production costs. Net income for the year was $2.6 million or $0.03 per share, compared to $860,000 or $0.01 per share in 2020. Operating expenses increased 9% to $4.5 million due to higher advertising and personnel costs.
Luvu Brands, Inc. (OTCQB:LUVU) is set to release its Q4 and fiscal 2021 financial results on September 28, 2021. A conference call for discussion and Q&A is scheduled for September 29, 2021, at 11:00 a.m. EDT. Interested participants can register via the provided link. Luvu Brands specializes in designing, manufacturing, and marketing consumer lifestyle products, including the Liberator, Avana, and Jaxx brands, operating from a sizable facility in Atlanta. More information is available on their investor relations website.
Luvu Brands (OTCQB:LUVU) announced preliminary unaudited net sales for the three months ended June 30, 2021, totaling approximately $5.9 million, representing a 7% increase from $5.5 million in the same period of 2020. Excluding $780,000 in PPE sales from last year, the increase is approximately 25%. For the fiscal year, net sales reached a record $23.1 million, up 25% from $18.4 million. These results are not audited and may change, with official figures to be reported in the upcoming Annual Report on Form 10-K.
Luvu Brands, Inc. (OTCQB:LUVU) will present at the 2021 LD Micro Invitational XI on June 10, 2021, at 5:00 PM EDT. The presentation will be led by Louis Friedman, President and CEO, and Ron Scott, CFO, to a live virtual audience. This virtual investor conference, taking place from June 8 to June 10, features around 180 companies and keynotes daily. Luvu Brands specializes in consumer lifestyle brands including Liberator, Avana, and Jaxx, operating from Atlanta, Georgia.
Luvu Brands, Inc. (OTCQB:LUVU) reported record third quarter net sales of $6.2 million, a 53% increase from $4.0 million year-over-year. Gross profit rose by 63% to $1.7 million, with a gross margin of 28.2%. The company achieved net income of $469,000, or $0.01 per share, reversing a loss of $148,000 in the previous year. Year-to-date results also showed strong performance, with net sales growing 34% to $17.3 million and net income of $2.3 million, or $0.03 per share. Management highlighted increased demand for its Liberator and Jaxx products, alongside improved operational efficiencies.
Luvu Brands (OTCQB:LUVU) will disclose financial results for the nine months and third fiscal quarter ending March 31, 2021, on May 17, 2021. A conference call is scheduled for May 18, 2021, at 12:00 p.m. EDT to discuss these results, with a Q&A session to follow. Investors can participate via a provided registration link. Luvu Brands specializes in designing and manufacturing a variety of consumer lifestyle products, including distinct brands like Liberator, Avana, and Jaxx, marketed primarily through online channels and specialty retail.
Luvu Brands, Inc. (LUVU) reported preliminary Q3 2021 net sales of approximately $6.1 million, a significant 52% increase from the prior year's $4.0 million, setting a new quarterly record. For the nine-month period ending March 31, 2021, net sales reached about $17.2 million, reflecting a 34% growth year-over-year. CEO Louis Friedman highlighted strong order and shipment performance for key products, although sales for Avana products remained flat. Notably, these unaudited figures may change, and stakeholders are advised to await the official report due by May 17, 2021.