Luvu Brands, Inc. Provides Revenue Guidance for the Fourth Quarter of Fiscal 2022
May 16, 2022 at 11:33 am EDT
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Luvu Brands, Inc. provided revenue guidance for the fourth quarter of fiscal 2022. The company expects revenue to exceed $6 million in the fourth quarter of fiscal 2022, representing 15% year-over-year growth at the year-end.
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.