Luvu Brands Inc. (LUVU)

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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.

EBITDA, as adjusted, for the first quarter was income of $51,000 compared to a loss of $1,000 in the first quarter of fiscal 2018.