Lovesac: Widening Losses Are A Red Flag [Seeking Alpha]
The Lovesac Company (LOVE)
Last the lovesac company earnings: 4/16 07:00 am
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Source: Seeking Alpha
Summary Lovesac ( LOVE ), the maker of sectionals and beanbags that recently went public in July, has just reported its first earnings quarter since its IPO. The results were a mixed bag: Lovesac deftly beat expectations on the top line, with revenue growth accelerating yet again (Lovesac's growth rates so far in the first half of FY19 have far exceeded growth rates in FY18). However, the company shed a few points of gross margin and saw net losses nearly triple - making us wonder if the company sacrificed margin or pushed through too many discounts in order to achieve growth. Since its IPO, Lovesac has traded roughly flat. It hovered around $20 in its first day of trading, and it's still at ~$20 now - though relative to the initial IPO price of $16, shares of Lovesac have returned a decent 25%. LOVE data by YCharts The company remains a micro-cap stock: with 12.9 million shares outstanding post-IPO, Lovesac has a current market cap just shy of $270 million. In
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LOVE
News
- Insider Spends US$434k Buying More Shares In Lovesac [Yahoo! Finance]Yahoo! Finance
- Lovesac Squattoman Review [USA TODAY]USA TODAY
- Bear of the Day: Lovesac (LOVE) [Yahoo! Finance]Yahoo! Finance
- Spotting Winners: Lovesac (NASDAQ:LOVE) And Home Furnishings Stocks In Q1 [Yahoo! Finance]Yahoo! Finance
- The Lovesac Company (NASDAQ: LOVE) is now covered by analysts at Maxim Group. They set a "buy" rating and a $36.00 price target on the stock.MarketBeat
LOVE
Earnings
- 4/11/24 - Miss
LOVE
Sec Filings
- 4/26/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- LOVE's page on the SEC website