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. (LUVU) delivers innovative lifestyle products through its Liberator®, Avana®, and Jaxx® brands, serving intimacy, wellness, and home furnishings markets. This news hub provides investors and stakeholders with essential updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases and curated news covering earnings announcements, product innovations, manufacturing advancements, and sustainability efforts. Our aggregation ensures timely updates on operational milestones, retail partnerships, and e-commerce growth initiatives directly from the company’s vertically integrated Atlanta facility.
Key coverage areas include quarterly financial results, new product launches impacting consumer lifestyle trends, operational efficiency achievements, and environmental initiatives tied to flat-pack shipping practices. Bookmark this page for streamlined tracking of material events affecting LUVU’s position in competitive consumer markets.
Luvu Brands (OTCQB:LUVU) reported Q2 FY2025 financial results with notable improvements. Net revenue increased 6% to $7.2 million, while gross margin improved to 28% from 27% year-over-year. The company achieved a significant 566% increase in net income to $193,000, compared to $29,000 in the prior year.
For the six months ended December 31, 2024, net revenue slightly increased to $12.94 million, with gross margin improving to 27%. The net loss decreased by 82% to $17,000, compared to a $97,000 loss in the prior year. Adjusted EBITDA rose 33% to $399,000.
The improvement in performance was primarily driven by stronger e-commerce sales and dropship network, partially offset by declining wholesale accounts. The company successfully reduced operating expenses through targeted marketing channels, lower production costs, and tighter headcount management.
Luvu Brands (OTCQB:LUVU) reported Q1 FY2025 financial results with net revenue decreasing 4% to $5.76 million compared to the prior year. The company posted a net loss of $211,000 and an Adjusted EBITDA loss of $3,000. Gross margin remained stable at 26%. Cash position improved to $1.07 million, up 4% from June 30, 2024, while inventory decreased 8% to $3.0 million. The revenue decline was primarily due to lower sales from adult wholesale customers and the non-recurrence of a large contract order from the previous year.
Luvu Brands, Inc. (OTCQB:LUVU) reported its financial results for the fiscal year ending June 30, 2024. Key highlights include:
- Net revenue decreased 16% to $24.5 million
- Gross margin improved to 27% from 25% a year ago
- Net loss of $399,000, or $0.01 per share
- Adjusted EBITDA of $612,000, down 69% from previous year
- Inventory reduced by 22% to $3.3 million
- Cash and cash equivalents remained flat at $1.03 million
CEO Louis Friedman cited macroeconomic challenges and the absence of significant marketing events as factors affecting sales. The company increased digital advertising and engaged online influencers to counter the decline. Luvu Brands is focusing on product diversification, international expansion, digital transformation, and strategic marketing collaborations to drive future growth.
Luvu Brands (OTCQB:LUVU) reported its Q3 2024 financial results. The company achieved net sales of $5.9 million, a 14% decrease compared to Q3 2023. While sales from its Liberator brand dropped by 23%, its Jaxx and Avana brands saw growth of 16% and 5%, respectively. Despite a slight increase in gross margin from 26% to 28% due to lower labor and raw material costs, the company posted a net loss of $94,000, contrasting with a net income of $293,000 in the previous year. Operating expenses rose by 13% to $1.6 million. Adjusted EBITDA declined to $150,000 from $506,000. For the nine months ending March 31, 2024, net sales dropped 18% to $18.8 million, with a net loss of $191,000, compared to a net income of $1.48 million in the previous year. Despite the challenging quarter, CEO Louis Friedman highlighted the company's focus on efficiency and expected margin improvements.
Luvu Brands (OTCQB:LUVU) reported record Q2 net sales of $8.1 million, a 13.2% increase year-over-year, for the fiscal second quarter ending December 31, 2022. Total gross profit rose to $2.3 million, up 43% from the previous year, with a gross profit margin of 27.8%. Net income was $0.7 million or $0.01 per share, compared to $0.2 million or $0.00 in the prior year. Despite increased operating expenses of $1.5 million, Adjusted EBITDA improved to $877,000, contrasting with $332,000 in the same period last year. The company anticipates challenges for future quarters.
Luvu Brands, Inc. (OTCQB:LUVU) reported record fiscal Q2 2023 net sales of $8.1 million, a 13.2% increase year-over-year. The company's gross profit rose 43% to $2.3 million, with a gross margin improvement to 27.8% from 21.9%. Operating expenses slightly increased to $1.5 million. The net income was $0.7 million, or $0.01 per share, up from $0.2 million, or $0.00 per share, in the prior year. For the first six months, net sales also saw a significant 20.8% growth to $16.2 million, with adjusted EBITDA reaching $1,557,000. However, the company foresees potential challenges in maintaining this growth trend amid economic uncertainties.
