If you are interested in the consumer lifestyle space this morning, then Luvu Brands Inc. (OTCQB:LUVU) could be the one to follow in light of the latest developments. The company, which is a marketer, designer, and manufacturer in the consumer brands space, announced its financial results for the second quarter of the 2025 fiscal year. We take a look at the numbers here.
The Performance
In the three-month period that ended on December 31, 2024, the company managed to bring in revenues of $7.2 million, which worked out to 6% growth in comparison to the prior year period. The gross margin went up to 28% from 27% on a year-on-year basis. The net income reported by Luvu Brands was $193,000, and that worked out to a staggering year-on-year rise of 566%. The adjusted EBITDA for the fiscal quarter was $402,000, which reflected a rise of 47% from the prior year quarter.
Further Information
In the six-month period that ended on December 31, 2024, the company recorded revenues of $12.94 million, which was an improvement over the $12.91 million in the prior year. Net losses went down to $17000, which was a decline of as much as 82% from the net losses of $97000 in the prior year period.
CEO Quote
Louis Friedman, CEO of Luvu Brands, commented, “Our second quarter results underscore the strength of our business model and the effectiveness of our strategic initiatives. We have successfully driven sales growth through our diverse product assortment while reducing operating expenses through targeted marketing channels, reduced production costs, and tighter headcount management.”
