Luvu Brands Inc

Greetings, ladies and gentlemen, and welcome to Lulu Brands, Inc.' 's fiscal fourth quarter and full year 2020 conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce Ron Scott, the company's chief financial officer. Mr. Scott, you may begin.

Thank you, Christine, and thank you to everyone who has joined us today for Lubu Brand's fourth quarter fiscal 2020 conference call. Joining me today is Louis Friedman, our founder, president, and chief executive officer. Yesterday afternoon, we filed our annual report on Form 10-K for the year ended June 30, 2020, and issued an earnings release that highlighted the company's fourth quarter and full year performance. There are a number of items that we look forward to discussing with you this morning, including Lubu Brand's financial results for the fourth quarter and year-end at June 30, 2020, recent developments in Lubu Brand's operational activities, as well as the company's near-term plans for the future. At the conclusion of this call, we will be answering questions during the brief Q&A session. Before we begin, I'd like to remind you that today's call contains forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation, statements regarding our preliminary unaudited net sales for the three months ended September 30, 2020, statements made with respect to our ability to continue as a going concern, the impact of the COVID-19 pandemic on our company, our ability to continue to generate revenues and report profitable operations, our ability to repay outstanding promissory notes, our ability to pay our operating expenses, and lack of access to additional capital, our ability to effectively compete, and the lack of an active trading market for our common stock. you are urged to carefully review and consider any cautionary statements and other disclosures within our filings with the Securities and Exchange Commission. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of Lubu Brands and are difficult to predict. Louisville Brands does not undertake any duty to update any forward-looking statements, except as may be required by law. Also during our call today, we may discuss non-GAAP financial measures which adjust our GAAP results to eliminate the impact of certain items. You'll find additional information regarding these non-GAAP financial measures and a reconciliation of these non-GAAP to GAAP measures in our form 10-K and press release filed yesterday. Now, with that long paragraph out of the way, I'd like to start the call with a few words from Lubu Brands founder and CEO, Louis Friedman. Louis? Louis Friedman Hi.

Yes, good morning, everyone, and thank you, Ron, and thank you, everyone, for joining us this morning. We hope that each of you, your families, and your loved ones continue to be healthy and safe during these times of pandemic and uncertainty. I'm pleased to open today's call by reporting that everyone at Louvre Brands is doing well. In our manufacturing facilities where remote work isn't feasible, we continue with robust safety protocols per the CDC guidelines. As many of you know, Luvu has three distinct brands advertised and promoted to consumers. These include Liberator, Jaxx, and Avana. These brands are sold directly on our websites and through Amazon, mass market web retailers, specialty retail stores, and to wholesale distributors worldwide. We also manufacture collections for Wayfair, school specialty, room and board, and rooms to go. Fortunately, the majority of our products is vacuum compressed, flat packed, and efficiently ships through e-commerce. As a result, we experienced strong demand during the fourth quarter of fiscal 2020, as many consumers were working from home, staying at home, and sheltering in place. As of this time, we have a robust schedule of new product development in the works across all brands and channels. Information on this activity will follow as soon as new collections are introduced. Also worth noting is that our current emphasis with PPE will be directly with the DLA on a per solicitation and contract basis. More information on this too will be available shortly. While it's difficult to predict the longer term implications of manufacturing and marketing of consumer products, For now, at least, there seems to be a fairly consistent and strong demand across all of our brands and channels of distribution. Starting our first quarter, from July 1st through September 30th, our net sales are 30% ahead of the same period last year. Now I'll turn this call over to Ron Scott, Luva Brands' Chief Financial Officer, to summarize some of the financial highlights of the fourth quarter and a full year of fiscal 2020. Ron, please go ahead.