LUVU BRANDS INC - LUVU STOCK NEWS

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.

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 Interested parties can register for the conference here, and an archived version will be available on EmergingGrowth.com after the event.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.