Still, Lovesac swung to a slim net loss of $635,000, or 4 cents per share, from net income of $5.8 million, or 37 cents per share in last year's second quarter. The company recorded an income tax benefit of less than $100,000, compared with income tax expense of $2.3 million for the second quarter of fiscal 2023. Lovesac generated a net loss before taxes of $642,000 million and net income before taxes of $8.1 million in the second quarter of fiscal 2024 and fiscal 2023, respectively.