Luvu Brands, Inc. Announces Preliminary Unaudited Net Sales Results for the Fourth Quarter and Full Year Ended June 30, 2022
August 02, 2022 at 02:54 pm EDT
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Luvu Brands, Inc. announced that preliminary unaudited net sales for the fourth quarter and full year ended June 30, 2022. For the quarter, the company reported net sales were approximately $6.2 million (or approximately 6% higher) than the $5.8 million recorded in the same period of 2021.
For the twelve months ended June 30, 2022, preliminary net sales were a record $26.4 million, an increase of approximately 14% from the $23.1 million reported for the prior fiscal year.
Luvu Brands, Inc. designs, manufactures and markets a portfolio of consumer lifestyle brands through the Companyâs websites, online mass merchants and specialty retail stores worldwide. The Companyâs brands include Liberator, a brand category of products for enhancing sensuality and intimacy; Avana, Top-of-Bed Comfort products and inclined bed therapy products, assistive in relieving medical conditions associated with acid reflux, surgery recovery and chronic pain; and Jaxx, a diverse range of casual fashion daybeds, sofas and beanbags made from virgin and re-purposed polyurethane foam. These products are sold through the Companyâs websites, online mass merchants and retail stores worldwide. The Companyâs various products are offered flat-packed and either roll or vacuum compressed to save on shipping and reduce its carbon footprint. The Companyâs e-commerce websites include liberator.com, jaxxbeanbags.com and avanacomfort.com.
LUVU BRANDS, INC. 
