Luvu Brands Inc

Greetings, ladies and gentlemen, and welcome to the Lulu Brands Inc. Fiscal Third Quarter 2021 Conference Call. At this time, all participants are in a listen-only 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, Melissa, and thank you to everyone who has joined us today for Lubu Brand's third quarter and fiscal 2021 conference call. Joining me today is Louis Friedman, our founder, president, and CEO. Yesterday morning, we filed our quarterly report on Form 10-Q for the three and nine months ended March 31st, 2021, and also issued an earnings press release that highlighted the company's third quarter and nine months of 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 third quarter end at March 31st, 2021, 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 we get started, I'd like to remind you that some of the information discussed will include forward-looking statements regarding future events and our future financial performance. These statements include our future expectations, financial projections, and our plans and prospects. Actual results may differ materially from those set forth in such statements. For discussion of these risks and uncertainties, you should review the company's filings with the SEC, which includes yesterday's press release. You should not rely on our forward-looking statements as predictions of future events. All forward-looking statements that we make on this call are based on assumptions and beliefs as of today, May 8, 2021. and we undertake no obligation to update them except as required by applicable law. Our discussion today will include non-GAAP financial measures including EBITDA and adjusted EBITDA. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from our GAAP results. The reconciliation of the most directly comparable GAAP financial measure to such non-GAAP financing measure has been provided as supplemental financial information in our press release. Now with that completed, 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. The momentum that we built at Louvre Brands throughout the fiscal year carried into our third quarter. Louvre Brands' third quarter financial performance exceeded all our expectations, making it an exceptional strong quarter for calendar 2021. The team has been executing very well, and the results reflect that. Our third quarter results demonstrate our ability to drive strong top-line growth, maintain our margins, and control spending. During the third quarter, we did experience some industry-wide shortages and delays in raw materials needed to produce some of our products. Despite this, our just-in-time manufacturing and inventory management strategies enabled us to effectively navigate these supply chain challenges. We reallocated production and worked with our vendors and alternate vendors to remain largely in stock with our materials. As these lead times improve, we expect to capture more of increased demand as we're seeing in the marketplace. Now I'll turn this call back to Ron Scott, Louvre Brand's Chief Financial Officer, to summarize some of the financial highlights of the third quarter and the first nine months of fiscal 2021. Ron, please go ahead.