Luvu Brands, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 20, 2024 at 11:08 am EST
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Luvu Brands, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 6.79 million compared to USD 8.14 million a year ago. Net income was USD 0.029 million compared to USD 0.695 million a year ago.
For the six months, sales was USD 12.91 million compared to USD 16.2 million a year ago. Net loss was USD 0.097 million compared to net income of USD 1.19 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. 
