Luvu Brands, Inc. Reports Earnings Results for the First Quarter Ended September 30, 2023
November 20, 2023 at 02:56 pm EST
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Luvu Brands, Inc. reported earnings results for the first quarter ended September 30, 2023. For the first quarter, the company reported sales was USD 6.13 million compared to USD 8.06 million a year ago. Net loss was USD 0.126 million compared to net income of USD 0.492 million a year ago.
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. 
