The Lovesac Company (LOVE) financial statements (2020 and earlier)

Company profile

Business Address TWO LANDMARK SQUARE, SUITE 300
STAMFORD, CT 06901
State of Incorp. DE
Fiscal Year End January 31
SIC 5712 - Furniture Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

10/31/2019
TTM
1/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 49
Cash and cash equivalents 49
Receivables 4
Inventory, net of allowances, customer advances and progress billings 26
Inventory 26
Prepaid expense 6
Total current assets: 85
Noncurrent Assets
Property, plant and equipment 19
Other noncurrent assets 1
Total noncurrent assets: 20
TOTAL ASSETS: 105
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 24
Accounts payable 17
Accrued liabilities 4
Employee-related liabilities 2
Taxes payable 1
Other undisclosed current liabilities 1
Total current liabilities: 25
Noncurrent Liabilities
Long-term debt and lease obligation 0
Long-term debt, excluding current maturities 0
Liabilities, other than long-term debt 2
Deferred rent credit 2
Total noncurrent liabilities: 2
Total liabilities: 26
Stockholders' equity
Stockholders' equity attributable to parent 79
Common stock 0
Additional paid in capital 142
Accumulated deficit (63)
Total stockholders' equity: 79
TOTAL LIABILITIES AND EQUITY: 105

Income statement (P&L) ($ in millions)

10/31/2019
TTM
1/31/2019
Revenues 166
Cost of revenue
(Cost of Goods and Services Sold)
 (75)
Gross profit: 91
Operating expenses (98)
Operating loss: (7)
Interest and debt expense (0)
Other undisclosed income from continuing operations before equity method investments, income taxes 0
Loss from continuing operations before income taxes: (7)
Income tax expense (0)
Net loss attributable to parent: (7)
Preferred stock dividends and other adjustments 28
Other undisclosed net loss available to common stockholders, basic (56)
Net loss available to common stockholders, diluted: (35)

Comprehensive Income ($ in millions)

10/31/2019
TTM
1/31/2019
Net loss: (7)
Comprehensive loss, net of tax, attributable to parent: (7)

Statements sources

The financial statements are based on the company's filings with the 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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