LiveOne (Nasdaq: LVO) Reports Q1 Fiscal 2025 Revenue of $33.1M
LiveOne (Nasdaq: LVO) reported Q1 Fiscal 2025 results with revenue of $33.1M, a 19% increase year-over-year. The Audio Division, comprising Slacker Radio and PodcastOne (Nasdaq: PODC), achieved record revenue of $31.9M, up 24% YoY. Adjusted EBITDA improved to $2.9M, with the Audio Division contributing $5.1M. LiveOne maintains its fiscal year 2025 guidance of consolidated revenue between $140M-$155M and Adjusted EBITDA of $16M-$20M. The company's paid members increased by 653K or 29% compared to the previous year. LiveOne continues to explore strategic alternatives to enhance shareholder value and has repurchased 4.38M shares, with $6.3M remaining in its repurchase program.
LiveOne (Nasdaq: LVO) ha riportato i risultati del primo trimestre dell'anno fiscale 2025 con ricavi di 33,1 milioni di dollari, un aumento del 19% rispetto all'anno precedente. La Divisione Audio, che comprende Slacker Radio e PodcastOne (Nasdaq: PODC), ha raggiunto un fatturato record di 31,9 milioni di dollari, in aumento del 24% su base annua. L'EBITDA rettificato è migliorato a 2,9 milioni di dollari, con la Divisione Audio che ha contribuito con 5,1 milioni di dollari. LiveOne mantiene le sue previsioni per l'anno fiscale 2025 con ricavi consolidati compresi tra 140 e 155 milioni di dollari e un EBITDA rettificato tra 16 e 20 milioni di dollari. I membri paganti dell'azienda sono aumentati di 653.000, ovvero il 29% rispetto all'anno precedente. LiveOne continua a esplorare alternative strategiche per aumentare il valore per gli azionisti e ha riacquistato 4,38 milioni di azioni, con 6,3 milioni di dollari rimanenti nel suo programma di riacquisto.
LiveOne (Nasdaq: LVO) reportó los resultados del primer trimestre del año fiscal 2025 con ingresos de 33.1 millones de dólares, un aumento del 19% en comparación con el año anterior. La División de Audio, que incluye Slacker Radio y PodcastOne (Nasdaq: PODC), logró un ingreso récord de 31.9 millones de dólares, un incremento del 24% interanual. El EBITDA ajustado mejoró a 2.9 millones de dólares, con la División de Audio contribuyendo con 5.1 millones. LiveOne mantiene su guía para el año fiscal 2025 de ingresos consolidados entre 140 y 155 millones de dólares y un EBITDA ajustado de 16 a 20 millones de dólares. El número de miembros de pago de la empresa aumentó en 653,000, o un 29% en comparación con el año anterior. LiveOne sigue explorando alternativas estratégicas para mejorar el valor para los accionistas y ha recomprado 4.38 millones de acciones, con 6.3 millones de dólares restantes en su programa de recompra.
라이브원 (Nasdaq: LVO)은 2025 회계연도 1분기 실적을 발표했으며, 수익은 3,310만 달러로 전년 대비 19% 증가했습니다. 슬래커 라디오와 팟캐스트원(Nasdaq: PODC)을 포함하는 오디오 부문은 3,190만 달러의 기록적인 수익을 올리며 전년 대비 24% 증가했습니다. 조정된 EBITDA는 290만 달러로 개선되었으며, 오디오 부문은 510만 달러를 기여했습니다. 라이브원은 회계연도 2025에 대한 수익 예상치를 1억 4천만 달러에서 1억 5천5백만 달러 사이로 유지하고 있으며, 조정된 EBITDA는 1천6백만 달러에서 2천만 달러 사이입니다. 회사의 유료 회원 수는 전년 대비 29%, 653,000명이 증가했습니다. 라이브원은 주주 가치를 제고하기 위한 전략적 대안을 계속 모색하고 있으며, 438만 주를 재매입하고, 재매입 프로그램에 630만 달러가 남아 있습니다.
LiveOne (Nasdaq: LVO) a annoncé les résultats du premier trimestre de l'exercice fiscal 2025 avec un chiffre d'affaires de 33,1 millions de dollars, soit une augmentation de 19 % par rapport à l'année précédente. La Division Audio, qui comprend Slacker Radio et PodcastOne (Nasdaq: PODC), a atteint un chiffre d'affaires record de 31,9 millions de dollars, en hausse de 24 % par rapport à l'année précédente. L'EBITDA ajusté a augmenté à 2,9 millions de dollars, avec la Division Audio contribuant à hauteur de 5,1 millions de dollars. LiveOne maintient ses prévisions pour l'exercice fiscal 2025 avec un chiffre d'affaires consolidé compris entre 140 et 155 millions de dollars et un EBITDA ajusté de 16 à 20 millions de dollars. Le nombre de membres payants de l'entreprise a augmenté de 653 000, soit 29 % par rapport à l'année précédente. LiveOne continue d'explorer des alternatives stratégiques pour accroître la valeur pour les actionnaires et a racheté 4,38 millions d'actions, avec 6,3 millions de dollars restants dans son programme de rachat.
LiveOne (Nasdaq: LVO) berichtete über die Ergebnisse des ersten Quartals des Geschäftsjahrs 2025 mit Einnahmen von 33,1 Millionen Dollar, was einem Anstieg von 19 % im Vergleich zum Vorjahr entspricht. Die Audio-Division, die Slacker Radio und PodcastOne (Nasdaq: PODC) umfasst, erzielte einen Rekordumsatz von 31,9 Millionen Dollar, was einem Anstieg von 24 % gegenüber dem Vorjahr entspricht. Das bereinigte EBITDA verbesserte sich auf 2,9 Millionen Dollar, wobei die Audio-Division 5,1 Millionen Dollar beisteuerte. LiveOne hält an der Prognose für das Geschäftsjahr 2025 fest und erwartet konsolidierte Einnahmen zwischen 140 Millionen und 155 Millionen Dollar sowie ein bereinigtes EBITDA von 16 Millionen bis 20 Millionen Dollar. Die Anzahl der zahlenden Mitglieder des Unternehmens stieg um 653.000 oder 29 % im Vergleich zum Vorjahr. LiveOne prüft weiterhin strategische Alternativen zur Steigerung des Aktionärswerts und hat 4,38 Millionen Aktien zurückgekauft, wobei noch 6,3 Millionen Dollar im Rückkaufprogramm verbleiben.
- Record Audio Division revenue of $31.9M, up 24% YoY
- Overall revenue increased by 19% to $33.1M
- Improved Adjusted EBITDA to $2.9M from $2.2M in Q1 Fiscal 2024
- 29% increase in paid members compared to the prior year
- Maintained strong fiscal year 2025 guidance with consolidated revenue of $140M-$155M
- Operating loss increased to $0.8M from $0.3M in Q1 Fiscal 2024
- Net loss widened to $1.6M from $0.5M in the same period last year
LiveOne's Q1 Fiscal 2025 results show promising growth, particularly in the Audio Division. Revenue increased by
The Adjusted EBITDA of
The ongoing share repurchase program, with
LiveOne's growth strategy appears to be paying off, with a
The company's exploration of strategic alternatives with J.P. Morgan could be a game-changer. This move suggests that LiveOne is actively seeking ways to maximize shareholder value, which could include mergers, acquisitions, or even a sale of the company. Such developments could significantly impact the stock's performance in the near future.
Investors should watch for the outcome of these strategic explorations and monitor the company's ability to maintain its growth trajectory, especially in the competitive audio streaming and podcast markets. The company's creator-first approach and focus on "superfans" could be key differentiators in this space.
LiveOne's investment in technology development is evident from the
The company's multi-platform approach, available on iOS, Android, Roku, Apple TV and various OTT applications, demonstrates a strategy to maximize reach and accessibility. This broad distribution network is important in the competitive digital entertainment space.
However, investors should note that tech development in this sector requires continuous investment to stay competitive. The company's ability to innovate and adapt to changing consumer preferences in audio and video streaming will be critical for long-term success. The integration of music, podcasts and video content into a seamless platform could be a significant differentiator if executed well.
- Adjusted EBITDA* (excluding CPS) of
$3.3M
- Audio Division (Slacker Radio and PodcastOne (Nasdaq: PODC))
- Record Revenue of
$31.9M (+24% YoY) - Adjusted EBITDA* of
$5.1M
- Record Revenue of
- Fiscal 2025 Guidance
- Consolidated Revenue of
$140M -$155M , Adj. EBITDA* of$16M – 20M - Audio Division Revenue of
$130M -$140M , Adj EBITDA* of$20M -$25M
- Consolidated Revenue of
- Shares Repurchased
- Total shares 4.38M
$6.3M remaining of$12M under repurchase program
- Senior Management to Host a Live Conference Call and Audio Webcast on Tuesday, August 13, 2024 at 10:00 A.M. ET
LOS ANGELES, Aug. 13, 2024 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today its operating results for the first fiscal quarter ended June 30, 2024 (“Q1 Fiscal 2025”).
LiveOne’s CEO and Chairman, Robert Ellin, commented, “We are thrilled to announce another quarter of record growth, driven by our Audio Division’s ongoing momentum. With a robust pipeline and four newly signed partnerships, we are excited about our future prospects. Our strategic positioning and operational efficiencies have effectively prepared us to leverage emerging opportunities. As we remain focused on our long-term objectives, we are committed to maintaining our creator-first platform approach and catering to our superfans. Additionally, our continued company share repurchases underscore our belief in the intrinsic value of our shares and demonstrate alignment with our dedicated shareholders.”
Recent and Q1 Fiscal 2025 Highlights
- Paid members as of June 30, 2024 increased 653K or
29% , as compared to the prior year. Total members including free ad-supported memberships was approximately 3.9 million at July 31, 2024.**
- PodcastOne was 11th in PODTRAC’s Podcast Industry Top Publishers Rankings for June 2024 with a U.S. Unique Monthly Audience of ~5.5M and Global Downloads and Streams of ~17.5M.
- As previously announced with the assistance of J.P. Morgan, LiveOne is continuing a process to explore strategic alternatives to enhance shareholder value. Potential alternatives may include, among others, a strategic acquisition, divestiture, merger, sale or other form of business combination. There can be no assurance that LiveOne’s efforts will result in a specific transaction or any particular outcome or its timing.
Q1 Fiscal 2025 and 2024 Results Summary (in
| Three Months Ended | |||||||
| June 30, | |||||||
| 2024 | 2023 | ||||||
| Revenue | $ | 33,078 | $ | 27,767 | |||
| Operating income (loss) | $ | (784 | ) | $ | (255 | ) | |
| Total other income (expense) | $ | (724 | ) | $ | (181 | ) | |
| Net income (loss) | $ | (1,557 | ) | $ | (515 | ) | |
| Adjusted EBITDA* | $ | 2,903 | $ | 2,210 | |||
| Net income (loss) per share basic and diluted | ($ | 0.02 | ) | ($ | 0.01 | ) | |
Q1 Fiscal 2025 Results Summary Discussion
For Q1 Fiscal 2025, LiveOne posted revenue of
Q1 Fiscal 2025 Operating Loss was (
Q1 Fiscal 2025 Adjusted EBITDA* improved to
Capital expenditures for Q1 Fiscal 2024 totaled approximately
LiveOne is maintaining its guidance for its fiscal year ending March 31, 2025 of consolidated revenue of
LiveOne’s senior management will host a live conference call and audio webcast to provide a business update and discuss its operating and financial results beginning at 10:00 a.m. ET / 7:00 a.m. PT on Tuesday, August 13, 2024.
Conference Call and Webcast:
WHEN: Tuesday, August 13th
TIME: 10:00 AM ET / 7:00 AM PT
DIAL-IN (Toll Free): (833) 470-1428
DIAL IN NUMBER (Local): (404) 975-4839
ACCESS CODE: 808439
REPLAY NUMBER: (866) 813-9403 / ACCESS CODE: 410380
WEBCAST – Both the live webcast and a replay can be accessed on the Investor Relations section of LiveOne's website at Events | LiveOne.
The webcast can also be accessed at: https://events.q4inc.com/attendee/127231561
The timing, price and actual number of shares repurchased under LiveOne’s stock repurchase program, which may include the possibility of buying back shares of common stock of PodcastOne, will be at the discretion of LiveOne's management and will depend on a variety of factors, including stock price, general business and market conditions, and alternative investment opportunities. The repurchase program will continue to be executed consistent with LiveOne's capital allocation strategy, which will continue to prioritize growing LiveOne's business. Under the stock repurchase program, repurchases can be made from time to time using a variety of methods, including open market purchases, all in compliance with the rules of the U.S. Securities and Exchange Commission and other applicable legal requirements. The repurchase program does not obligate LiveOne to acquire any particular amount of shares, and the program may be suspended or discontinued at any time at LiveOne's discretion. LiveOne will review the stock repurchase program periodically and may authorize adjustment of its terms and size.
About LiveOne
Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne's wholly-owned subsidiaries include Slacker, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and Twitter at @liveone. For more investor information, please visit ir.liveone.com.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on one key customer for a substantial percentage of its revenue; LiveOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, and in LiveOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.**Included in the total number of paid members for the reported periods are certain members which are the subject of a contractual dispute. LiveOne is currently not recognizing revenue related to these members.
* About Non-GAAP Financial Measures
To supplement our consolidated financial statements, which are prepared and presented in accordance with the accounting principles generally accepted in the United States of America ("GAAP"), we present Contribution Margin (Loss) and Adjusted Earnings Before Interest Tax Depreciation and Amortization ("Adjusted EBITDA"), which are non-GAAP financial measures, as measures of our performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity.
We use Contribution Margin (Loss) and Adjusted EBITDA to evaluate the performance of our operating segment. We believe that information about these non-GAAP financial measures assists investors by allowing them to evaluate changes in the operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and the other factors that affect reported results. Adjusted EBITDA is not calculated or presented in accordance with GAAP. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. Accordingly, Adjusted EBITDA should be considered in addition to, and not as a substitute for operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.
Contribution Margin (Loss) is defined as Revenue less Cost of Sales. Adjusted EBITDA is defined as earnings before interest, other (income) expense, income tax expense, depreciation and amortization and before (a) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, (b) legal, accounting and other professional fees directly attributable to acquisition activity, (c) employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, (d) certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date and a one-time minimum guarantee to effectively terminate a live events distribution agreement post COVID-19, (e) depreciation and amortization (including goodwill impairment, if any), and (f) certain stock-based compensation expense. Management does not consider these costs to be indicative of our core operating results.
With respect to projected full fiscal year 2025 Adjusted EBITDA, a quantitative reconciliation is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to purchase accounting adjustments, acquisition-related charges and legal settlement reserves excluded from Adjusted EBITDA. We expect that the variability of these items to have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.
For more information on these non-GAAP financial measures, please see the tables entitled "Reconciliation of Non-GAAP Measure to GAAP Measure" included at the end of this release.
LiveOne IR Contact:
Liviakis Financial Communications, Inc.
(415) 389-4670
john@liviakis.com
Press Contact:
LiveOne
press@liveone.com
| Financial Information The tables below present financial results for the three months ended June 30, 2024 and 2023. LiveOne , Inc. Consolidated Statements of Operations (Unaudited) (In thousands, except share and per share amounts) | ||||||||
| Three Months Ended | ||||||||
| June 30, | ||||||||
| 2024 | 2023 | |||||||
| Revenue: | $ | 33,078 | $ | 27,767 | ||||
| Operating expenses: | ||||||||
| Cost of sales | 25,087 | 19,563 | ||||||
| Sales and marketing | 1,431 | 1,904 | ||||||
| Product development | 1,071 | 1,246 | ||||||
| General and administrative | 5,505 | 5,063 | ||||||
| Impairment of intangible assets | 176 | - | ||||||
| Amortization of intangible assets | 592 | 246 | ||||||
| Total operating expenses | 33,862 | 28,022 | ||||||
| Loss from operations | (784 | ) | (255 | ) | ||||
| Other income (expense): | ||||||||
| Interest expense, net | (859 | ) | (1,418 | ) | ||||
| Other income (expense) | 135 | 1,237 | ||||||
| Total other expense, net | (724 | ) | (181 | ) | ||||
| Loss before provision for income taxes | (1,508 | ) | (436 | ) | ||||
| Provision for income taxes | 49 | 79 | ||||||
| Net loss | (1,557 | ) | (515 | ) | ||||
| Net loss attributable to non-controlling interest | (388 | ) | - | |||||
| Net loss attributed to LiveOne | $ | (1,169 | ) | $ | (515 | ) | ||
| Net loss per share – basic and diluted | $ | (0.02 | ) | $ | (0.01 | ) | ||
| Weighted average common shares – basic and diluted | 98,419,692 | 86,895,208 | ||||||
| LiveOne , Inc. Consolidated Balance Sheets (Unaudited) (In thousands) | ||||||||
| June 30 | March 31, | |||||||
| 2024 | 2024 | |||||||
| (Unaudited) | (Audited) | |||||||
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and cash equivalents | $ | 6,165 | $ | 6,987 | ||||
| Restricted cash | 155 | 155 | ||||||
| Accounts receivable, net | 14,760 | 13,205 | ||||||
| Inventories | 2,809 | 2,187 | ||||||
| Prepaid expense and other current assets | 1,717 | 1,801 | ||||||
| Total Current Assets | 25,606 | 24,335 | ||||||
| Property and equipment, net | 3,716 | 3,646 | ||||||
| Goodwill | 23,379 | 23,379 | ||||||
| Intangible assets, net | 11,528 | 12,415 | ||||||
| Other assets | 400 | 88 | ||||||
| Total Assets | $ | 64,629 | $ | 63,863 | ||||
| Liabilities, Mezzanine Equity and Stockholders’ Equity (Deficit) | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | $ | 27,050 | $ | 26,953 | ||||
| Accrued royalties | 12,729 | 10,862 | ||||||
| Notes payable, current portion | 691 | 692 | ||||||
| Deferred revenue | 675 | 728 | ||||||
| Senior secured line of credit | 7,000 | 7,000 | ||||||
| Derivative liabilities | - | 607 | ||||||
| Total Current Liabilities | 48,145 | 46,842 | ||||||
| Notes payable, net | 601 | 771 | ||||||
| Other long-term liabilities | 8,934 | 9,354 | ||||||
| Deferred income taxes | 339 | 339 | ||||||
| Total Liabilities | 58,019 | 57,306 | ||||||
| Commitments and Contingencies | ||||||||
| Mezzanine Equity | ||||||||
| Redeemable convertible preferred stock, | - | 4,962 | ||||||
| Stockholders’ Equity (Deficit) | ||||||||
| Preferred stock, | 12,797 | 18,814 | ||||||
| Common stock, | 98 | 92 | ||||||
| Additional paid in capital | 229,674 | 216,116 | ||||||
| Treasury stock | (5,531 | ) | (4,782 | ) | ||||
| Accumulated deficit | (240,847 | ) | (238,984 | ) | ||||
| Total LiveOne's Stockholders’ Deficit | (3,809 | ) | (8,744 | ) | ||||
| Non-controlling interest | 10,419 | 10,339 | ||||||
| Total equity (deficit) | 6,610 | 1,595 | ||||||
| Total Liabilities, Mezzanine Equity and Stockholders’ Equity (Deficit) | $ | 64,629 | $ | 63,863 | ||||
| LiveOne , Inc. Reconciliation of Non-GAAP Measure to GAAP Measure Adjusted EBITDA* Reconciliation (Unaudited) (In thousands) | |||||||||||||||||||||||
| Non- | |||||||||||||||||||||||
| Recurring | |||||||||||||||||||||||
| Net | Depreciation | Acquisition and | Other | (Benefit) | |||||||||||||||||||
| Income | and | Stock-Based | Realignment | (Income) | Provision | Adjusted | |||||||||||||||||
| (Loss) | Amortization | Compensation | Costs (1) | Expense (2) | for Taxes | EBITDA* | |||||||||||||||||
| Three Months Ended June 30, 2024 | |||||||||||||||||||||||
| Operations – PodcastOne | $ | (1,366 | ) | $ | 619 | $ | 394 | $ | 37 | $ | - | $ | - | $ | (316 | ) | |||||||
| Operations – Slacker | 3,352 | 750 | 505 | 146 | 672 | - | 5,425 | ||||||||||||||||
| Operations – Other | (1,391 | ) | 217 | 318 | 197 | 31 | - | (628 | ) | ||||||||||||||
| Corporate | (2,152 | ) | 2 | 483 | 19 | 21 | 49 | (1,578 | ) | ||||||||||||||
| Total | $ | (1,557 | ) | $ | 1,588 | $ | 1,700 | $ | 399 | $ | 724 | $ | 49 | $ | 2,903 | ||||||||
| Three Months Ended June 30, 2023 | |||||||||||||||||||||||
| Operations – PodcastOne | $ | (210 | ) | $ | 86 | $ | 84 | $ | - | $ | 403 | $ | - | $ | 363 | ||||||||
| Operations – Slacker | 3,384 | 714 | 216 | 453 | (253 | ) | - | 4,514 | |||||||||||||||
| Operations – Other | (848 | ) | 250 | 34 | 26 | (643 | ) | - | (1,181 | ) | |||||||||||||
| Corporate | (2,841 | ) | 5 | 543 | 54 | 674 | 79 | (1,486 | ) | ||||||||||||||
| Total | $ | (515 | ) | $ | 1,055 | $ | 877 | $ | 533 | $ | 181 | $ | 79 | $ | 2,210 | ||||||||
| (1 | ) | Other Non-Operating and Non-Recurring Costs include outside legal, accounting and other professional fees directly attributable to acquisition activity in the period and in addition to certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at certain acquired companies prior to their purchase date and non-recurring employee severance payments. |
| (2 | ) | Other (income) expense above primarily includes interest expense and change in fair value of derivative liabilities. These are included in the statement of operations in other income (expense) and are an add back to net loss above in the reconciliation of Adjusted EBITDA* to loss. |
| * | See the definition of Adjusted EBITDA under “About Non-GAAP Financial Measures” within this release. |
| LiveOne , Inc. Reconciliation of Non-GAAP Measure to GAAP Measure Contribution Margin* Reconciliation (Unaudited) (In thousands) | |||||||
| Three Months Ended | |||||||
| June 30, | |||||||
| 2024 | 2023 | ||||||
| Revenue: | $ | 33,078 | $ | 27,767 | |||
| Less: | |||||||
| Cost of sales | (25,087 | ) | (19,563 | ) | |||
| Amortization of developed technology | (775 | ) | (747 | ) | |||
| Gross Profit | 7,216 | 7,457 | |||||
| Add back amortization of developed technology: | 775 | 747 | |||||
| Contribution Margin* | $ | 7,991 | $ | 8,204 | |||
| * | See the definition of Contribution Margin under “About Non-GAAP Financial Measures” within this release. |
FAQ
What was LiveOne's revenue for Q1 Fiscal 2025?
How did LiveOne's Audio Division perform in Q1 Fiscal 2025?
What is LiveOne's guidance for Fiscal Year 2025?
How many shares has LiveOne repurchased under its buyback program?
