Luvu Brands Inc. (LUVU)

[VonRyan]

July 15, 2021 - 8:30 am

Preliminary fiscal 2021 net sales are 25% ahead of prior fiscal year

ATLANTA, GA / ACCESSWIRE / July 15, 2021 / Luvu Brands, Inc., (OTCQB:LUVU), a designer, manufacturer and marketer of a portfolio of consumer lifestyle brands, today announced that preliminary unaudited net sales for the three months ended June 30, 2021 were approximately $5.9 million (or approximately 7% higher) than the $5.5 million recorded in the same period of 2020. Included in the prior year three months ended June 30, 2020 results were $780,000 in sales of PPE products. Excluding the non-recurring PPE sales, the comparable quarter-to-quarter increase was approximately 25%. For the twelve months ended June 30, 2021, preliminary net sales were a record $23.1 million, an increase of approximately 25% from the $18.4 million reported for the prior fiscal year.