Welcome to our dedicated page for Live Ventures news (Ticker: LIVE), a resource for investors and traders seeking the latest updates and insights on Live Ventures stock.
Company Overview
Live Ventures Inc (LIVE) is a diversified holding company that has redefined its business model by embracing strategic acquisitions and a buy-build-hold approach. Originally incorporated in 1968 and emerging from a near-bankruptcy situation through a decisive intervention by its CEO Jon Isaac, the company now operates as a resilient enterprise within the NASDAQ Capital Market. Emphasizing a sector-agnostic investment strategy, Live Ventures focuses on acquiring well-managed, closely held domestic middle-market companies, positioning itself as a dynamic competitor in multiple industries.
Business Segments and Operations
Live Ventures has structured its operations around several core business segments that demonstrate its diversified portfolio:
- Retail Entertainment: This segment encompasses the direct sale of entertainment products and appliance services, catering to a consumer base that demands quality and value. The segment leverages a mix of product offerings that span from traditional retail channels to modern direct sales, ensuring that it adapts to evolving consumer preferences.
- Flooring Manufacturing: A critical revenue driver, the Flooring Manufacturing segment involves the production of carpets, rugs, yarn products, and the resale of hard surface flooring. Operating throughout the United States, this segment is recognized for its manufacturing prowess and has been enhanced through strategic acquisitions. It integrates traditional manufacturing with modern distribution channels, providing a blend of durability and design.
- Steel Manufacturing: Within this segment, the company deals in the production and sale of steel products including steel plates, ground flat stocks, and drill rods. This business unit supports both industrial applications and niche markets, leveraging its capacity to adapt to shifts in production efficiencies and market demand.
- Corporate and Other: This segment contains miscellaneous operations and ancillary businesses that contribute to the overall financial health of the company, ensuring that its diversified portfolio delivers value across different economic cycles.
Strategic Acquisition and Turnaround Story
Live Ventures' transformation from its earlier incarnation as LiveDeal, Inc. and its ancestral roots from the Nuclear Corporation of New Mexico is a noteworthy example of corporate revival. In late 2011, facing imminent delisting from NASDAQ, CEO Jon Isaac led a turnaround by infusing new capital and assembling an aggressive management team. This decisive move established a firm foundation for the company to pursue value-oriented acquisitions, transforming it from a struggling entity into a robust holding company with a far-reaching impact across multiple industries.
Competitive Landscape and Value Proposition
The competitive environment that Live Ventures navigates is characterized by large mobile marketing players and established manufacturers. However, by focusing on a rigorous acquisition strategy and operational efficiency, Live Ventures has carved out a competitive niche. Its ability to integrate acquired companies into existing segments, promote cross-functional synergies, and apply best practices across all its business lines supports its ongoing mission to deliver shareholder value.
Management and Operational Excellence
Expertise and decisiveness are at the heart of Live Ventures' operational strategy. Under the guidance of its experienced management team, the company continues to adapt its business model to address market headwinds, emphasizing operational efficiency and customer satisfaction. The disciplined buy-build-hold strategy has allowed the company to remain flexible and opportunistic, acquiring well-run businesses that contribute to a diversified and balanced revenue profile.
Industry Insights and Operational Synergies
By leveraging industry-specific expertise, Live Ventures effectively manages the challenges associated with fluctuating consumer demand and operational inefficiencies, particularly in its retail-flooring and steel manufacturing segments. The company's focus on generating sustainable growth through strategic acquisitions lends it a distinct positioning in the broad spectrum of middle-market companies. Its integrated approach ensures that each segment not only performs independently but also benefits from the shared knowledge and operational synergies across the organization.
Conclusion
Live Ventures Inc represents a unique blend of historic turnaround success and modern business acumen. With diversified operations spanning retail entertainment, flooring manufacturing, and steel manufacturing, the company is built on a foundation of strategic acquisitions and a commitment to operational excellence. Its focused approach to value creation underscores a firm dedication to enhancing shareholder value while maintaining adaptability in an ever-changing market environment. Investors and market analysts recognize the company for its robust management practices and its ability to navigate competitive market conditions through a well-structured, diversified business model.
Live Ventures (Nasdaq: LIVE) announced that CEO Jon Isaac has purchased 55,796 shares of company common stock through open market transactions, valued at approximately $385,000. The acquisitions were made between March 25-27, 2025, and have been reported in a Form 4 filing with the SEC.
Isaac expressed confidence in the long-term strength of the company's businesses, stating the investment demonstrates his belief in creating shareholder value. Live Ventures operates as a diversified holding company focusing on value-oriented acquisitions of domestic middle-market companies, with current portfolio including businesses in textile, flooring, tools, steel, and entertainment industries.
Live Ventures (NASDAQ: LIVE) reported its fiscal Q1 2025 results with revenue of $111.5 million, down 5.2% from $117.6 million in the prior year. The company posted net income of $0.5 million and diluted EPS of $0.16, compared to a net loss of $0.7 million and loss per share of $0.22 in the previous year.
The quarter included a $2.8 million gain from the PMW earnout liability settlement and a $0.7 million gain from PMW seller notes settlement. Adjusted EBITDA decreased 33.9% to $5.7 million. The company maintained strong liquidity with $31.1 million in total cash availability.
While Retail-Entertainment and Steel Manufacturing segments showed improved operating performance, high interest rates and housing market slowdown negatively impacted the Retail-Flooring and Flooring Manufacturing segments due to reduced consumer demand.
Live Ventures (NASDAQ: LIVE) has announced it will release its fiscal first quarter 2024 financial results before market opening on February 6, 2025. The diversified holding company will host an earnings conference call on the same day at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time).
Investors can join the call using the following dial-in numbers: 800.231.0316 (U.S.) or +1.314.696.0504 (International). Participants are advised to dial in at least 15 minutes before the call starts. A recording of the discussion will be available on the company's investor relations website after the call.
Live Ventures (NASDAQ: LIVE) reported fiscal year 2024 results with revenue increasing 33.1% to $472.8 million, driven by strategic acquisitions of Flooring Liquidators, PMW, and Central Steel. Despite revenue growth, the company posted a net loss of $26.7 million ($8.48 per share), compared to a $0.1 million loss in 2023. The loss includes an $18.1 million goodwill impairment charge in the Retail-Flooring segment.
Adjusted EBITDA decreased 22.3% to $24.5 million. The company maintained strong liquidity with $33.3 million in total cash availability. Challenging market conditions in Retail-Flooring and Steel Manufacturing segments negatively impacted operating results, with operating loss at $13.6 million compared to operating income of $15.4 million in the prior year.
Live Ventures (NASDAQ: LIVE) announced it will release its fiscal year 2024 financial results before market opening on Thursday, December 12, 2024. The company will host an earnings conference call on the same day at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time).
Investors can access the call using the following dial-in numbers: 800.231.0316 (U.S.) or +1.314.696.0504 (International). A recording of the discussion will be available on the company's investor relations website after the call.
Live Ventures (Nasdaq: LIVE) reported fiscal Q3 2024 results with revenue up 35.4% to $123.9 million, driven by acquisitions and growth in flooring segments. However, the company posted a net loss of $2.9 million ($0.91 per share) compared to net income of $1.1 million in Q3 2023. Adjusted EBITDA decreased 36.1% to $6.1 million.
Key highlights include:
- Total assets of $436.8 million and stockholders' equity of $92.7 million
- $34.4 million in cash and credit availability
- Retail-Flooring revenue up 34.7% to $37.0 million
- Steel Manufacturing revenue up 112.1% to $39.0 million
The company faced headwinds from elevated interest rates and integration costs from recent acquisitions, impacting profitability despite top-line growth.
Live Ventures Incorporated (NASDAQ: LIVE), a diversified holding company, has announced it will release its fiscal third quarter 2024 financial results on Thursday, August 8, 2024, before the market opens. The company will host an earnings conference call on the same day at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time) to discuss the results.
Investors and interested parties can join the call using the following dial-in numbers:
- U.S.: 800.231.0316
- International: +1.314.696.0504
Participants are advised to dial in at least 15 minutes before the call starts. A recording of the discussion will be available on the "Investor Relations" page of the Live Ventures website after the call.
Live Ventures announced that its subsidiary, Flooring Liquidators, has opened a 60,000 sq. ft. store in Springfield, Missouri—its largest yet. This new location will also function as a distribution center for future Midwest stores and Gary’s Floor and Home stores in Arkansas. The store offers a variety of flooring options, including laminate, carpet, hardwood, natural stone, ceramic tile, and luxury vinyl tile, as well as quality countertops. Steve Kellogg, CEO of Flooring Liquidators, highlighted the overwhelming response from customers and the company's commitment to an exceptional shopping experience.
Live Ventures has announced a new $10 million common stock repurchase program, which replaces the previous one that expired on June 1, 2024. The program will remain in effect until May 31, 2025, unless the Board of Directors decides otherwise. Under the program, shares can be repurchased at management's discretion through various methods including open market transactions and privately negotiated deals. CEO Jon Isaac stated that the program reflects confidence in the company's long-term growth and a commitment to stockholder value. Live Ventures, a diversified holding company, focuses on acquiring domestic middle-market companies with strong earnings and cash flow. Their portfolio spans textiles, flooring, tools, steel, and entertainment industries.
Live Ventures (Nasdaq: LIVE) announced the acquisition of Central Steel Fabricators (CSF), a Chicago-based manufacturer specializing in data center and communications industry products. CSF, in operation since 1969, offers over 2,300 unique products to more than 500 clients, including major contractors and engineering firms. This acquisition aligns with Live Ventures' strategy to enhance its steel manufacturing operations. The addition of CSF is expected to capitalize on the growing demand for AI and data centers, driven by major corporate investments in these sectors. This move is anticipated to provide significant growth and development opportunities for Live Ventures.
FAQ
What is the current stock price of Live Ventures (LIVE)?
What is the market cap of Live Ventures (LIVE)?
What is the core business model of Live Ventures Inc?
Which business segments does Live Ventures focus on?
How did Live Ventures overcome its early challenges?
What is the significance of Live Ventures' acquisition strategy?
How does the Flooring Manufacturing segment contribute to the company?
What differentiates Live Ventures from its competitors?
How does the company manage industry-specific challenges?
What role does operational synergy play at Live Ventures?
