Luvu Brands, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2021
May 17, 2021 at 06:48 pm IST
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Luvu Brands, Inc. announced earnings results for the third quarter ended March 31, 2021. For the third quarter, the company announced sales was USD 6.181 million compared to USD 4.032 million a year ago. Operating income was USD 563,000 compared to USD 1,000 a year ago. Net income was USD 469,000 compared to net loss of USD 148,000 a year ago. Basic earnings per share from continuing operations was USD 0.01. For the nine months, sales was USD 17.262 million compared to USD 12.906 million a year ago. Operating income was USD 1.456 million compared to USD 529,000 a year ago. Net income was USD 2.263 million compared to USD 64,000 a year ago. Basic earnings per share from continuing operations was USD 0.03.
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. 
