Luvu Brands, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 22, 2023 at 03:37 pm EDT
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Luvu Brands, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 6.9 million compared to USD 6.75 million a year ago. Net income was USD 0.293 million compared to USD 0.452 million a year ago.
For the nine months, sales was USD 23.1 million compared to USD 20.16 million a year ago. Net income was USD 1.48 million compared to USD 0.846 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.01 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. 
