Attached files
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| EX-99.1 - PRESS RELEASE - Luvu Brands, Inc. | luvu_ex991.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported)
July 15,
2021
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LUVU BRANDS, INC.
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(Exact name of registrant as specified in its charter)
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Florida
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000-53314
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59-3581576
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(State or other jurisdiction of incorporation or
organization)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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2745 Bankers Industrial Drive,
Atlanta, GA 30360
(Address of principal executive offices)(Zip Code)
Registrant's
telephone number, including area code: (954) 958-6668
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_______________________________________
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(Former name or former address, if changed since last
report)
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Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2.
below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
☐
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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none
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not
applicable
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not
applicable
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Indicate by check mark whether the registrant is an emerging growth
company as defined in in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this
chapter).
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Emerging
growth company ☐
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If an
emerging growth company, indicate by checkmark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange
Act. ☐
Item 2.02
Results of Operations and Financial Condition.
On July 15, 2021, LUVU Brands, Inc. (the “Company”)
announced 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.
These total net sales are preliminary
estimates, based upon calculation or figures that have been
prepared internally by the Company’s management and have not
been reviewed by its independent registered public accounting firm
and may change upon completion of its audit. There can be no
assurance that the Company’s actual results for fiscal 2021
will not differ from the preliminary financial data presented in
this report and such changes could be material. This preliminary
financial data should not be viewed as a substitute for full
financial statements prepared in accordance with GAAP and is not
necessarily indicative of the results to be achieved for any future
period. The Company’s audited consolidated financial
statements for fiscal 2021 will be contained in its Annual Report
on Form 10-K for the year ended June 30, 2021 to be filed with the
SEC.
The information appearing in Item 7.01 of this report is hereby
incorporated by reference into this Item 2.02.
Item
7.01 Regulation
FD Disclosure.
On July 15, 2021 the Company issued a press release announcing
preliminary unaudited net sales for the three months ended June 30,
2021 and twelve months ended June 30, 2021. A copy of the press
release is incorporated herein by reference as Exhibit 99.1
hereto.
The information in Items 2.02 and 7.01 hereof and Exhibit 99.1
attached hereto shall not be deemed filed for purposes of Section
18 of the Securities Act of 1934, nor shall it or they be deemed
incorporated by reference in any filing under the Securities Act of
1933, except as shall be expressly set forth by specific
reference.
Item 9.01 Financial
Statements and Exhibits.
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Incorporated by Reference
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Filed or
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No.
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Exhibit Description
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Form
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Date Filed
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Number
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Furnished Herewith
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Press
Release dated July 15, 2021
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Furnished
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SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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LUVU
Brands, Inc.
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Date:
July 15, 2021
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By:
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/s/
Ronald P. Scott
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Ronald
P. Scott, Chief Financial Officer
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