Luvu Brands Reports Q1 Net Revenue of $5.84 Million and Net Loss of $131,000
Reuters
Nov 14
<a href="https://laohu8.com/S/LUVU">Luvu Brands</a> Reports Q1 Net Revenue of $5.84 Million and Net Loss of $131,000
Luvu Brands Inc. reported net revenue of $5.8 million for the first quarter of fiscal 2026, a 1% increase from $5.8 million in the same period last year. Gross profit rose to $1.7 million from $1.5 million, with gross margin improving to 28.4% from 26.3%, driven by reduced unit costs from renegotiated contracts and a diversified supplier base. The net loss narrowed to $0.1 million, down 38% from a loss of $0.2 million in the prior-year period. Adjusted EBITDA was $0.1 million, compared to a loss of $0.0 million last year. Inventory increased to $3.8 million and cash and cash equivalents rose to $0.8 million. The company is focusing on expanding distribution channels, launching new products, and improving manufacturing efficiency.
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