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Luvu Brands Inc
2/16/2021
Greetings, ladies and gentlemen, and welcome to Louisville Brands Inc's Fiscal Second Quarter 2021 Conference Call. At this time, all participants are in its own mode. A question and answer session will follow the formal presentation. As a reminder, this conference call 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, Shamali, and thank you to everyone who has joined us today for Lubu Brand's second quarter and first half fiscal 2021 conference call. Joining me today is Louis Friedman, our founder, president, and CEO. On Friday, after the markets closed, we filed our quarterly report on Form 10-Q for the three and six months ended December 31, 2020. And this morning, we issued an earnings release that highlighted the company's second quarter and first half fiscal 2021 performance. There are a number of items that I look forward to discussing with you this morning, including Lubu Brand's financial results for the second quarter ended December 31st, 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 a Q&A session. Before I 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 made with respect to our ability to continue as a going concern, the impact of the COVID 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. Lubu Brands does not undertake any duty to update any forward-looking statements except as may be required by law. Also during this call today, I 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-Q filed on Friday and the press release issued this morning. Now, with that completed, I'd like to start the call with a few words from Lubu Brand's founder and CEO, Louis Friedman. Louis?
Thank you, Ron, and good morning, everyone. Thank you for joining us this morning. As many of you may know, Luvu has three distinct brands advertised and promoted to consumers. These brands include Liberator, Jack's Living, and Havana. These brands are sold directly on our websites and through Amazon, mass market, web retailers, and specialty retail stores, and to wholesale distributors worldwide. We participate in long-term contracts with companies like Room & Board, School Specialty, and Rooms to Go, and many others. Fortunately for our company, all of our brands are intended for use at home and typically procured through web sales. As a result, we experienced continued strong demand during the first and second quarter of fiscal 2021, as many consumers continued to stay at home and not travel. While it's difficult to predict the longer implications of making and selling branded consumer products, for now at least, there seems to be fairly consistent and very strong demand across all of our brands. Now I'll turn the call back over to Ron Scott, Luvu Brands Chief Financial Officer, to summarize some of the financial highlights of the second quarter and six months of fiscal 2021. Ron, please go ahead.
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