Quarterly ResultMay 15, 2026, 03:43 PM
Luvu Brands Q3 Net Sales Up 12% to $6.55M; Returns to Profit
AI Summary
Luvu Brands, Inc. reported a significant improvement in its third-quarter 2026 financial results, with net sales increasing by 12.02% to $6.55 million and the company returning to a net income of $174,000. However, the net loss for the nine months ended March 31, 2026, widened to $724,000, largely due to a substantial provision for income taxes. The company also saw a strong increase in cash and cash equivalents and net cash provided by operating activities.
Key Highlights
- Net sales for Q3 2026 increased 12.02% to $6.55 million from $5.85 million in Q3 2025.
- Luvu Brands reported a net income of $174,000 for Q3 2026, compared to a net loss of $88,000 in Q3 2025.
- Nine-month net sales increased 2.58% to $19.27 million in 2026 from $18.79 million in 2025.
- Nine-month net loss widened to $724,000 in 2026 from $105,000 in 2025, primarily due to a $764,000 provision for income taxes.
- Cash and cash equivalents rose 67.35% to $1.23 million as of March 31, 2026, from $735,000 at June 30, 2025.
- Net cash provided by operating activities for the nine months increased to $690,000 from $203,000 year-over-year.
- Direct to Consumer segment revenue grew 19.54% to $2.25 million in Q3 2026.
- Wholesale segment revenue increased 10.30% to $4.30 million in Q3 2026.
Price Impact
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