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) will present at the Emerging Growth Conference on March 3, 2021, at 2:45 PM Eastern time. CEO Louis Friedman will lead a 30-minute interactive presentation, allowing real-time Q&A from attendees. The event aims to connect existing shareholders and potential investors. Interested parties can register for the conference here, and an archived version will be available on EmergingGrowth.com after the event.
Luvu Brands reported record first-half net sales of $11.1 million, up 25% year-over-year, and net income of $1.8 million for fiscal 2021.
Second-quarter net sales increased by 20% to $5.7 million, with significant growth from Liberator and Jaxx products, offset by a 20% decline in Avana sales. Gross profit fell to 27% from 32% due to rising labor and material costs. Operating expenses remained stable, leading to an increase in income from operations by 10%.
Luvu Brands, Inc. (LUVU) will announce its fiscal 2021 second quarter results on February 12, 2021. The financial report will cover the six months and quarter ending December 31, 2020. A conference call is scheduled for February 16, 2021, at 12:00 p.m. EDT to discuss the results, followed by a Q&A session. Shareholders can listen via a registration link. The call replay will be accessible until May 14, 2021. Luvu Brands specializes in consumer lifestyle products, including brands such as Liberator, Avana, and Jaxx, from a 140,000 sq. ft. facility in Atlanta.
Luvu Brands (OTCQB:LUVU) will present at the 13th annual LD Micro Main Event on December 14th at 2:40 PM EST. CEO Louis Friedman will address a virtual audience in a new format featuring 10-minute presentations followed by Q&A sessions. This event, taking place on December 14-15 via the Sequire Virtual Events platform, aims to engage both executives and investors. Luvu Brands offers various consumer lifestyle products, including Liberator, Avana, and Jaxx. For more details, visit registration site.
Luvu Brands, Inc. (OTCQB:LUVU) reported a record first quarter for fiscal 2021, achieving net sales of $5.4 million, a 31% increase from $4.1 million in the previous year. Net income reached $329,000, marking a recovery from a net loss of ($45,000) year-over-year. Gross profit totaled $1.5 million with a consistent gross profit margin of 28%. Operating expenses rose to $1,052,000 due to higher administrative costs, yet the overall operating expenses as a percentage of sales decreased. The company reported adjusted EBITDA of $494,000, up from $158,000 in the prior period.
Luvu Brands, Inc. (OTCQB:LUVU) announced the order of a new CNC foam contouring system, set to double its production capacity. Priced at $325,000, this machine will remove a significant bottleneck in manufacturing, supporting the growth of its brands: Liberator, Jaxx, and Avana. The system is expected to be delivered and installed by March 2021. CEO Louis Friedman emphasized that the new machine will enhance throughput and efficiency, allowing for better utilization of repurposed foam trim.
Luvu Brands, Inc. (LUVU) will release its financial results for the fourth quarter and fiscal year ending June 30, 2020, on October 1, 2020. A conference call is scheduled for October 2, 2020, at 11:00 a.m. EDT, where management will discuss the results and preliminary Q1 sales. The company operates from a 140,000 square foot manufacturing facility in Atlanta, Georgia, and markets several consumer lifestyle brands, including Liberator, Avana, and Jaxx. More details can be found on their investor relations website.