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.
Live Ventures Inc (NASDAQ: LIVE) is a diversified holding company focused on acquiring and managing profitable, stable, and growing companies across various industries. Established in 1968 as Nuclear Corporation of New Mexico, the company has undergone significant transformations, including a rebranding from LiveDeal, Inc. in 2011 under the strategic leadership of CEO Jon Isaac.
Live Ventures' core business segments include:
- Retail: This segment involves direct sales of entertainment products, appliances, and services through its subsidiary Vintage Stock, which operates 72 retail stores and a comprehensive e-commerce platform.
- Flooring Manufacturing: The company produces carpets, rugs, and yarn products, and resells hard surface flooring products through brands under Harris Flooring Group.
- Steel Manufacturing: Live Ventures manufactures and sells steel products such as plates, ground flat stock, and drill rods through its acquired subsidiaries, including Precision Metal Works and The Kinetic Co., Inc.
- Corporate and Other: This segment includes various corporate functions and other smaller business operations.
Recent achievements include the strategic acquisitions of Flooring Liquidators and Precision Metal Works, significantly boosting revenue. In the fiscal first quarter of 2024, Live Ventures reported a 70.5% increase in revenue, driven primarily by these acquisitions. However, the company faced challenges with lower profit margins and higher administrative expenses, resulting in a net loss of approximately $0.7 million for the quarter.
Live Ventures continues to execute its 'buy-build-hold' strategy, aiming for long-term value creation through disciplined acquisitions and operational improvements. The company maintains strong relationships with high-profile customers, particularly in the data and telecommunications sectors, positioning itself for sustained growth despite industry-specific pressures.
For more information, visit the Live Ventures Inc. website.
News
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Live Ventures' subsidiary Vintage Stock opens its 72nd store in Chattanooga, Tennessee, marking its expansion into the Southeastern U.S. with unique entertainment offerings.
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Live Ventures Incorporated (Nasdaq: LIVE) reported a 70.5% increase in revenue to $117.6 million for the first fiscal quarter ended December 31, 2023. The net loss was ($0.7) million, and diluted loss per share was ($0.22). Adjusted EBITDA increased 15.3% to $8.7 million. The company acquired two Midwest flooring chains, repurchased 4,346 shares of common stock, and had total assets of $436.6 million with stockholders' equity of $99.4 million as of December 31, 2023.
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Live Ventures Incorporated (NASDAQ: LIVE) will release its financial results for its fiscal first quarter ended December 31, 2023, on February 8, 2024. The company will hold a conference call to discuss the results on the same day. Investors can dial in or listen to the discussion on the company's Investor Relations page.
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Live Ventures Incorporated (Nasdaq: LIVE) announced fiscal year 2023 financial results. Revenues increased by 23.8% to $355.2 million. Net loss was ($0.1) million, compared to prior year net income of $24.7 million. Adjusted EBITDA was $31.5 million. The company acquired Flooring Liquidators, Inc., Precision Metal Works, Inc., assets from Cal Coast Carpet Warehouse, Inc., and the Harris Flooring Group® brands for approximately $117 million.
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Live Ventures Incorporated (NASDAQ: LIVE) has announced a new date for its earnings release for its fiscal full year ended September 30, 2023 to Wednesday, December 20, 2023. The Company will host its conference call on the same day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results.
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Live Ventures Incorporated (NASDAQ: LIVE) will release its fiscal full year financial results for the period ending September 30, 2023, before the opening of the NASDAQ Stock Market on December 14, 2023. The Company will also conduct a conference call to discuss the results on the same day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time). Investors can access the call through dial-in numbers provided. A recording will be available on the 'Investor Relations' page of the Live Ventures website.
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Live Ventures proposes all-cash acquisition of LL Flooring at $5.85 per share
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Live Ventures subsidiary Marquis Industries acquires Harris Flooring Group brands from Q.E.P. Co. for $10 million, doubling salesforce and significantly impacting operations
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Live Ventures Incorporated (Nasdaq: LIVE) Announces 34.1% Increase in Revenues and $28M Acquisition of Precision Metal Works, Showing Steady Growth Amidst Economic Challenges
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FAQ
What is the current stock price of Live Ventures (LIVE)?
The current stock price of Live Ventures (LIVE) is $9.74 as of January 28, 2025.
What is the market cap of Live Ventures (LIVE)?
The market cap of Live Ventures (LIVE) is approximately 29.8M.
What does Live Ventures Inc do?
Live Ventures Inc is a diversified holding company focused on acquiring and managing profitable, stable, and growing companies across various industries.
What are the main business segments of Live Ventures Inc?
Live Ventures operates in Retail, Flooring Manufacturing, Steel Manufacturing, and Corporate and Other segments.
Who is the CEO of Live Ventures Inc?
Jon Isaac is the CEO of Live Ventures Inc.
What were the recent significant acquisitions by Live Ventures?
The company recently acquired Flooring Liquidators and Precision Metal Works, boosting their revenue significantly.
How did Live Ventures perform in the fiscal first quarter of 2024?
Live Ventures reported a 70.5% increase in revenue but faced challenges in profit margins and administrative expenses, resulting in a net loss of approximately $0.7 million.
What is the 'buy-build-hold' strategy of Live Ventures?
The 'buy-build-hold' strategy focuses on acquiring well-run businesses, improving their operations, and holding them for long-term value creation.
How does Live Ventures generate revenue?
The company generates revenue primarily from its Flooring Manufacturing segment, Retail sales, and Steel Manufacturing operations.
What industries does Live Ventures focus on?
Live Ventures focuses on various industries, including textile, flooring, tools, steel, and entertainment.
Where can I find more information about Live Ventures Inc?
More information can be found on the company's website at www.liveventures.com.
Who are some of the key customers of Live Ventures?
Live Ventures maintains strong relationships with high-profile customers, especially in the data and telecommunications sectors.
Live Ventures Inc
Nasdaq:LIVE
LIVE Rankings
LIVE Stock Data
29.77M
1.26M
59.11%
8.29%
0.05%
Home Improvement Retail
Retail-miscellaneous Retail
United States of America
LAS VEGAS