Luvu Brands, Inc. (LUVU) Financial Statements (2024 and earlier)

Company Profile

Business Address 2745 BANKERS INDUSTRIAL DRIVE
ATLANTA, GA 30360
State of Incorp. FL
Fiscal Year End June 30
Industry (SIC) 251 - Household Furniture (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2501,8758599771,152649
Cash and cash equivalents2501,8758599771,152649
Receivables1,0511,0531,1071,1341,135830
Inventory, net of allowances, customer advances and progress billings4,2023,9313,8173,3911,9851,751
Inventory4,2023,9313,8173,3911,9851,751
Prepaid expense 1751651455552
Other current assets 84     
Other undisclosed current assets791     
Total current assets:6,3787,0345,9485,6474,3273,282
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization24324727 
Operating lease, right-of-use asset1,9132,0902,2552,554165
Property, plant and equipment2,1861,9632,0291,934938792
Other undisclosed noncurrent assets11099100841713
Total noncurrent assets:4,2334,1844,4314,5991,120805
TOTAL ASSETS:10,61111,21810,37910,2465,4474,087
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5303,2943,7703,3633,0583,179
Interest and dividends payable201   
Employee-related liabilities344   
Accounts payable2,1142,6192,6802,6692,4352,561
Accrued liabilities416675545694623618
Deferred revenue1918  15
Debt1,6591,7801,6181,5992,0072,373
Other undisclosed current liabilities377350(214)250666 
Total current liabilities:4,5855,4425,1745,2125,7465,552
Noncurrent Liabilities
Long-term debt and lease obligation1,1487273,2513,711361656
Long-term debt, excluding current maturities1,1487271,1831,288361656
Liabilities, other than long-term debt1,6671,874   34
Deferred rent credit      34
Operating lease, liability1,6671,8742,0682,423 
Other undisclosed noncurrent liabilities   (2,068)(2,423)614 
Total noncurrent liabilities:2,8152,6013,2513,711975690
Total liabilities:7,4008,0438,4258,9236,7216,242
Equity
Equity, attributable to parent, including:3,2113,1751,9541,323(1,274)(2,155)
Common stock765765760750735735
Additional paid in capital6,2346,2116,1836,1666,1476,126
Accumulated deficit(3,790)(3,801)(4,989)(5,593)(8,156)(9,016)
Other undisclosed equity, attributable to parent 2     
Total equity:3,2113,1751,9541,323(1,274)(2,155)
TOTAL LIABILITIES AND EQUITY:10,61111,21810,37910,2465,4474,087

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues29,21929,12626,34323,10518,37617,003
Cost of revenue
(Cost of Goods and Services Sold)
(22,027)(21,969)(20,342)(16,804)(12,850)(12,579)
Gross profit:7,1927,1576,0016,3015,5264,424
Operating expenses(5,648)(5,426)(5,055)(4,459)(4,075)(4,014)
Operating income:1,5441,7319461,8421,451410
Nonoperating expense(355)(334)(342)   
Other nonoperating expense (88)    
Interest and debt expense (306)  1,096  
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:8831,3976042,9381,451410
Other undisclosed income from continuing operations before income taxes306     
Income from continuing operations before income taxes:1,1891,3976042,9381,451410
Income tax expense (10)     
Other undisclosed loss from continuing operations      
Income from continuing operations:1,1791,3976042,9381,451410
Income before gain (loss) on sale of properties:7026042,9381,451410
Other undisclosed net income (loss) (760)(760)(2,939)  
Net income (loss):1,179637(156)(1)1,451410
Other undisclosed net income (loss) attributable to parent20760760   
Net income (loss) available to common stockholders, diluted:1,1991,397604(1)1,451410

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):1,179637(156)(1)1,451410
Comprehensive income (loss), net of tax, attributable to parent:1,179637(156)(1)1,451410

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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