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Regional settings| Spread | 0.12 | ||||
 Long position overnight feeLong position overnight fee
Trade size with leverage ~ $5,000.00 Short position overnight fee ~ $4,000.00 | -0.026179% | ||||
| Short position overnight fee Short position overnight fee
Trade size with leverage ~ $5,000.00 Short position overnight fee ~ $4,000.00 | 0.003957% | ||||
| Overnight fee time | 21:00 (UTC) | ||||
| Currency | USD | ||||
| Min traded quantity | 1 | ||||
| Margin | 20 | ||||
| Stock exchange | United States of America | ||||
| Commission on trade1 | 0% |
1Our charge for executing your trade is the spread, the difference between the buy and sell price. Please consult the Charges and Fees section of our website for further information
| Prev. Close | 22.13 |
| Open | 21.88 |
| 1-Year Change | -16.71% |
| Day's Range | 20.96 - 22.48 |
The Lovesac Company is a technology company that designs, manufactures and sells furniture’s through its Designed for Life philosophy. The Company’s product offering is comprised of modular couches called Sactionals, foam beanbag chairs called Sacs, and their associated home decor accessories. The Sactionals are couch systems that consists of seats and sides. It also offers accessories that include drink holders, footsac blankets, decorative pillows, fitted seat tables and ottomans. The Company offers its products through an omni-channel platform. The Company markets and sells its products through approximately 123 showrooms in the United States.
BRIEF: For the 39 weeks ended 31 October 2021, Lovesac Co revenues increased 58% to $302M. Net income totaled $13.3M vs. loss of $7M. Revenues reflect Sactionals segment increase from $116.8M to $263.6M, Retail Sales - Total increase from $72.5M to $181.3M. Net Income reflects Merchandise Margins - Total - % increase of 5% to 54.5%, Selling, general and administrative expe decrease of 59% to $30.7M (expense).
