Wednesday, November 14, 2018 7:46:16 AM
GlobeNewswire•November 14, 2018
Atlanta, Georgia, Nov. 14, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Luvu Brands, Inc.,
(LUVU), a designer, manufacturer and marketer of a portfolio of consumer lifestyle brands, today reported financial results for the three months ended September 30, 2018.
Operating highlights for the quarter ended September 30, 2018:
Net sales increased 8% to $3.9 million for the first quarter of fiscal 2018, as compared to $3.6 million for the comparable prior-year period.
Total gross profit was unchanged at $1.0 million, as compared to $1.0 million for the comparable prior-year period.
Gross profit as a percentage of net sales decreased to 25% from 27% in the prior year first quarter.
Operating expenses remained unchanged at $1 million during the three months ended September 30, 2018 as compared to the prior year first quarter.
The net loss decreased to $138,000 during the current year first quarter compared to a net loss of $193,000 in the prior year.
https://finance.yahoo.com/news/luvu-brands-announces-fiscal-2019-120000581.html
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