LiveOne (NASDAQ:LVO) Issues Quarterly Earnings Results

LiveOne (NASDAQ:LVO) released its quarterly earnings results on Wednesday. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.01, Zacks reports.

Here are the key takeaways from LiveOne’s conference call:

• LiveOne reported Q1 revenue of approximately $19.4 million and consolidated adjusted EBITDA of $4.3 million, while audio generated $18.6 million of revenue and $6.3 million of adjusted EBITDA. PodcastOne delivered record revenue of roughly $16.1 million and $1.6 million of adjusted EBITDA.
• Management highlighted accelerating B2B distribution, including new or expanding relationships with Netflix, Amazon, Paramount, AT&T, Samsung, LG and Vizio, plus a new four-year agreement with a major retailer. It believes these partnerships support a path to more than $250 million in annual revenue within three years, although this remains an aspiration rather than formal guidance.
• The company increased cash by $3.3 million, added $7 million to stockholders’ equity, eliminated $5 million of liabilities and repurchased $7 million of the planned $12 million in stock. Management said it intends to continue buying shares at current valuations and is also pursuing an accretive M&A transaction.
• LiveOne is in discussions with 17 AI companies to license its audio and video archive, with potential pricing of $100 to $500 per hour, and expects initial monetization as soon as next quarter. These opportunities are still under negotiation and their ultimate financial contribution is uncertain.
• Management said Q1’s improved Slacker margins and EBITDA benefited from approximately $1.5 million of liability reductions and stock-for-services arrangements, meaning underlying margins may normalize. The company also issued shares at $7.50 per share for certain transactions, contributing to a higher share count and potential dilution.

LiveOne Stock Performance

Shares of NASDAQ LVO traded down $0.66 during midday trading on Wednesday, reaching $3.90. The stock had a trading volume of 187,345 shares, compared to its average volume of 72,365. The company’s 50 day moving average price is $5.43 and its 200 day moving average price is $5.29. LiveOne has a twelve month low of $3.60 and a twelve month high of $7.20. The firm has a market cap of $53.74 million, a price-to-earnings ratio of -2.01 and a beta of 1.66.

Analyst Ratings Changes

A number of research firms recently weighed in on LVO. Weiss Ratings restated a “sell (d-)” rating on shares of LiveOne in a report on Tuesday, June 9th. Alliance Global Partners reaffirmed a “buy” rating on shares of LiveOne in a report on Tuesday, July 7th. Finally, Wall Street Zen lowered LiveOne from a “hold” rating to a “sell” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, LiveOne presently has a consensus rating of “Hold” and an average target price of $12.50.

Hedge Funds Weigh In On LiveOne

A number of hedge funds have recently bought and sold shares of LVO. State Street Corp boosted its position in LiveOne by 28.2% during the fourth quarter. State Street Corp now owns 33,626 shares of the company’s stock valued at $159,000 after acquiring an additional 7,399 shares during the last quarter. Jane Street Group LLC bought a new position in shares of LiveOne in the 4th quarter worth about $386,000. Renaissance Technologies LLC raised its position in shares of LiveOne by 3.7% in the 4th quarter. Renaissance Technologies LLC now owns 64,408 shares of the company’s stock worth $304,000 after acquiring an additional 2,300 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of LiveOne by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 112,743 shares of the company’s stock valued at $532,000 after purchasing an additional 5,985 shares during the period. Finally, No Street GP LP acquired a new position in shares of LiveOne in the 3rd quarter valued at about $1,239,000. Institutional investors own 21.25% of the company’s stock.

LiveOne Company Profile

LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company specializing in live and on-demand music, podcasts and original content. The company provides streaming access to live concerts, festival performances and exclusive artist-driven programming through its digital platform and mobile applications. Its service offerings include ad-supported free tiers as well as premium subscription packages that deliver high-quality audio and video experiences for music fans worldwide.

The LiveOne platform aggregates a diverse range of content, including live concert streams, curated on-demand playlists, artist interviews and behind-the-scenes footage.