Luvu Brands Inc

Thank you for holding, ladies and gentlemen, and please remain on the line. The LeVou Brands conference call will begin shortly. Thank you for your patience. Thank you. Thank you. Why do you keep smiling? Greetings, ladies and gentlemen, and welcome to LeVou Brands Incorporated's Fiscal First Quarter 2023 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 Alex Sanikov, the company's Chief Financial Officer. Mr. Sanikov, you may begin.

Thank you, Holly, and thank you to everyone who joined us today at Louisville Brands' fiscal first quarter conference call. Joining me today is Louis Friedman, our founder, president, and chief executive officer, and Jordan Friedman, our sales director. On Monday, we filed our quarterly report on Form 10Q for the three months ended September 30, 2022, and issued an earning release that highlighted the company's first quarter performance. There are a number of items that we look forward to discussing with you this morning, including Louisville Brand's financial results for the three months ended September 30, 2022, recent developments in Louisville 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 get started, I would like to remind you that some of the information discussed will include forward-looking statements regarding future events and our future financial performance. These include statements about 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 filing with the SEC, which includes our press release. You should not rely on our forward-looking statements as prediction of future events. All forward-looking statements that we make on our call are based on assumptions and beliefs as of today, 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. A reconciliation of most directly comparable GAAP financial measure to such non-GAAP financial 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 Luvu Brands founder and CEO, Louis Friedman. Louis?

Good morning, everyone, and thank you for joining us on Luvu Brands' first quarter conference call. We delivered a strong quarter in what remains a highly dynamic operating environment. For the three months ending September 30, 2022, we reported record sales of 8.1 million, an increase of 29.5 over the prior year. Our company is driven by creativity and innovation. Our success comes from our balanced and diversified direct-to-consumer business, along with multiple channels of growth, coupled with outstanding digital marketing execution. Looking ahead to calendar year end and to 2023, we continue to expect macroeconomic headwinds to persist, but believe that our brands, our growth strategy, and product development initiatives position us well to emerge strongly from this period. As announced last quarter, we continue to implement initiatives designed to generate material cost savings, streamlined workflows, and lowering operating costs. And while we seek to deliver increased sales in this environment, we are also laser focused on profitability and higher margins. Thanks to the team's hard work, I remain confident in our ability to continue to execute into the holiday season and beyond. At this point, I'll turn the presentation over to Jordan, who will discuss our digital mass market approach to sales and brand awareness.