Luvu Brands Inc. (LUVU)

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$LUVU looks to be a decent Q3 considering planned phase-out of
product distribution in Tenga Japan

Q3
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12067081



From Jan 20, 2017
As part of this plan, and in an effort to reduce staff, shipping expense, inventory, and rationalize our SKU count, Mr. Friedman added, "By the end of January, 2017 we will phase-out and no longer distribute products from Tenga Japan, including their male pleasure products and personal massagers. For the three months ended December 31, 2016, sales of Tenga products resulted in $838,000 of revenues, a gross margin of $153,000 with an estimated net contribution of $86,000, after expenses. The termination of the Tenga relationship enables us to reallocate warehouse space, sales personnel and employees to focus on expanding the Liberator, Jaxx and Avana brands, which are sold at significantly higher gross margins than Tenga products."

https://www.otcmarkets.com/stock/LUVU/news/Luvu-Brands-Announces-Preliminary-Q2-Fiscal-2017-Results?id=149095&b=y

Luvu Brands, Inc.
https://www.otcmarkets.com/stock/LUVU/profile