UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 3, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38555 THE LOVESAC COMPANY (Exact name of registrant as specified in its charter) | Delaware | 16-1685692 | | --- | --- | | (State or oth ...

The Lovesac Company (NASDAQ:LOVE) Q3 2020 Earnings Conference Call December 12, 2019 8:30 AM ET Company Participants Shawn Nelson - Chief Executive Officer Jack Krause - President, Chief Operating Officer Donna Dellomo - Executive Vice President, Chief Financial Officer Rachel Schacter - ICR Investor Relations Conference Call Participants Brian Nagel - Oppenheimer Thomas Forte - DA Davidson Maria Ripps - Canaccord Genuity Dave King - Roth Capital Alex Fuhrman - Craig Hallum Operator Greetings. Welcome to t ...

| --- | --- | --- | --- | |-------|-------|-------|--------------------------------------| | | | | | | | | | | | | | | | | | | | LOVESAC | | | | | Designed for Life Furniture Co. | | Nori | | | | | | | | | | | | | Investor Presentation September 2019 | NOITION Safe Harbor Statement The Lovesac Company (the "Company," "we," "us," and "our") has filed a registration statement (including a preliminary prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this presentation re ...

Sales Performance - Sactionals accounted for 79.6% and 79.9% of total sales for the thirteen and twenty-six weeks ended August 4, 2019, representing $38.3 million and $71.2 million respectively, compared to 76.1% and 72.0% for the same periods in 2018 [107]. - Sales of Sacs increased to $9.6 million and $15.5 million for the thirteen and twenty-six weeks ended August 4, 2019, up from $7.1 million and $15.1 million in the same periods of 2018 [106]. - Total net sales for the thirteen weeks ended August 4, 2019, were $48,146,000, a 44.8% increase from $33,249,000 for the same period in 2018 [122]. - Net sales increased by $14.9 million, or 44.8%, to $48.1 million in the thirteen weeks ended August 4, 2019 compared to $33.2 million in the same period of 2018 [136]. - Net sales increased by $29.1 million, or 48.5%, to $89.1 million in the twenty-six weeks ended August 4, 2019 compared to $60.0 million in the same period of 2018 [148]. Ecommerce Growth - Ecommerce sales represented 19.6% and 20.1% of total sales for the thirteen and twenty-six weeks ended August 4, 2019, an increase from 16.6% and 16.8% in the same periods of 2018 [111]. - Internet sales for the thirteen weeks ended August 4, 2019, reached $9,457,000, up 71.5% from $5,515,000 in the prior year [122]. Profitability and Losses - Net losses were $4.8 million and $13.9 million for the thirteen and twenty-six weeks ended August 4, 2019, compared to $7.0 million and $12.7 million for the same periods in 2018 [112]. - The company reported a net loss of $4,771,000 for the thirteen weeks ended August 4, 2019, an improvement from a net loss of $6,970,000 in the same period of 2018 [122]. - Adjusted EBITDA for the twenty-six weeks ended August 4, 2019, was $(7,962,000), compared to $(6,199,000) for the same period in 2018 [123]. Expenses - Selling, general and administrative expenses for the twenty-six weeks ended August 4, 2019, totaled $59,549,000, up from $45,081,000 in the same period of 2018 [122]. - Selling, general and administrative expenses increased by $1.5 million, or 7.3%, to $22.0 million in the thirteen weeks ended August 4, 2019, with expenses as a percentage of net sales decreasing to 45.6% from 61.5% [139][140]. - Selling, general and administrative expenses increased by $10.2 million, or 28.5%, to $45.8 million in the twenty-six weeks ended August 4, 2019 compared to $35.6 million in the same period of 2018 [151]. - Advertising and marketing expenses increased by $2.5 million, or 68.8%, to $6.1 million in the thirteen weeks ended August 4, 2019, representing 12.6% of net sales [143]. - Advertising and marketing expenses increased by $3.5 million, or 43.2%, to $11.5 million, representing 12.9% of net sales for the twenty-six weeks ended August 4, 2019, compared to 13.3% in the prior year [155]. Operational Metrics - The company hosted over 209 and 368 pop-up shop showrooms at Costco locations for the thirteen and twenty-six weeks ended August 4, 2019, up from 137 and 257 in the same periods of 2018 [117]. - Other sales, including pop-up shop sales, accounted for 15.4% and 14.6% of total sales for the thirteen and twenty-six weeks ended August 4, 2019, up from 14.2% and 13.9% in the same periods of 2018 [117]. - The company operates 80 showrooms across 32 states, designed to appeal to millennials and showcase the product range [110]. Future Outlook - The company expects fiscal 2020 net sales growth to be between 40% and 45% over fiscal 2019, with an increase in Internet sales as a percentage of total sales [127]. - The gross profit margin for fiscal 2020 is anticipated to be lower than in fiscal 2019 due to product and margin shifts, tariffs, and investments in warehousing and distribution [129]. - The company expects to maintain advertising and marketing investments at 10%-12% of net sales annually [134]. - The company plans to invest in infrastructure over the next 18 months to support growth, which will impact expense leveraging [141]. - The company anticipates that fiscal 2020 gross profit margin will be lower than fiscal 2019 due to ongoing tariff impacts and infrastructure investments [138][150]. Cash Flow and Financing - The company reported net cash used in operating activities of $(23,041,000) for the twenty-six weeks ended August 4, 2019, compared to $(13,295,000) in the prior year [123]. - Cash and cash equivalents at the end of the period were $44,202,000, down from $48,212,000 at the end of the same period in 2018 [124]. - Net cash used in operating activities was $23.0 million for the twenty-six weeks ended August 4, 2019, compared to $13.3 million in the same period of 2018, with significant increases in inventory and accounts receivable [163][164]. - Net cash provided by financing activities was $22.2 million for the twenty-six weeks ended August 4, 2019, a decrease from $58.6 million in the prior year [168][169]. - Capital expenditures for the twenty-six weeks ended August 4, 2019, were $4.1 million, down from $6.3 million in the same period of 2018, reflecting investments in new and remodeled showrooms [165][166]. Tax and Borrowing - The income tax provision was less than 0.04% of sales for both the twenty-six weeks ended August 4, 2019, and August 5, 2018 [158]. - As of August 4, 2019, the company's borrowing availability under its revolving line of credit was $15.8 million, with no borrowings outstanding [170]. - The company has no material off-balance sheet arrangements, except for operating leases and employment agreements [172].

The Lovesac Company (NASDAQ:LOVE) Q2 2020 Results Conference Call September 11, 2019 8:30 AM ET Company Participants Rachel Schacter - IR, ICR Shawn Nelson - CEO Jack Krause - President and COO Donna Dellomo - CFO Conference Call Participants Dave King - ROTH Capital Partners Brian Nagel - Oppenheimer and Company Thomas Forte - D.A. Davidson Alex Fuhrman - Craig-Hallum Operator Greetings. Welcome to Lovesac Second Quarter Fiscal 2020 Earnings Conference Call. At this time, all participants are in a listen-o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 5, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38555 THE LOVESAC COMPANY (Exact name of registrant as specified in its charter) | Delaware | 16-1685692 | | --- | --- | | (State or other ju ...

The Lovesac Company (NASDAQ:LOVE) Q1 2020 Results Conference Call June 10, 2019 4:30 PM ET Company Participants Rachel Schacter - IR, ICR Shawn Nelson - CEO Jack Krause - President and COO Donna Dellomo - CFO Conference Call Participants David King - Roth Capital Camilo Lyon - Canaccord Genuity Thomas Forte - D.A. Davidson Alex Fuhrman - Craig-Hallum Capital Group Brian Nagel - Oppenheimer and Company Operator Greetings and welcome to The Lovesac Q1 Fiscal 2020 Earnings Conference Call. At this time, all pa ...

The Lovesac Company (NASDAQ:LOVE) Q4 2019 Results Earnings Conference Call April 30, 2019 8:30 AM ET Company Participants Rachel Schacter - ICR, IR Shawn Nelson - Chief Executive Officer Jack Krause - President and COO Donna Dellomo - Chief Financial Officer Conference Call Participants Dave King - ROTH Capital Partners Camilo Lyon - Canaccord Genuity Alex Fuhrman - Craig-Hallum Sean Henderson - D.A. Davidson Operator Greetings. And welcome to The Lovesac Fourth Quarter Fiscal 2019 Earnings Conference Call. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-38555 THE LOVESAC COMPANY (Exact Name of Registrant as Specified in Its Charter) Delaware 16-1685692 State or Other Juri ...

| --- | --- | --- | --- | |--------|-----------------------|-------|-----------------------------------------| | | | | | | | | | | | | | | LOVESAC Designed for Life Furniture Co. | | noillo | SACTIONALS SACTIONALS | | | | | | | 2019 Investor Presentation | SACTIONA Legal Disclaimer The information provided in this presentation pertaining to The Lovesac Company (the "Company," "we," "us," and "our") its business assets, strategy and operations is for general informational purposes only and is not a formal of ...