LiveOne (NASDAQ:LVO) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

LiveOne (NASDAQ:LVO) announced its earnings results on Wednesday. The company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.01, Zacks reports. The business had revenue of $19.35 million during the quarter, compared to analyst estimates of $21.23 million.

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 Price Performance

Shares of LVO stock opened at $4.31 on Friday. The stock has a market cap of $59.39 million, a PE ratio of -2.44 and a beta of 1.66. The stock has a 50-day moving average of $5.34 and a 200-day moving average of $5.28. LiveOne has a one year low of $3.60 and a one year high of $7.20.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LVO shares. Wall Street Zen lowered shares of LiveOne from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Alliance Global Partners reissued a “buy” rating on shares of LiveOne in a research note on Tuesday, July 7th. UBS Group set a $8.00 target price on LiveOne in a research report on Wednesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of LiveOne in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, LiveOne has an average rating of “Hold” and a consensus price target of $11.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of LiveOne by 28.2% during the fourth quarter. State Street Corp now owns 33,626 shares of the company’s stock worth $159,000 after purchasing an additional 7,399 shares during the period. Jane Street Group LLC bought a new position in LiveOne in the fourth quarter valued at approximately $386,000. Renaissance Technologies LLC increased its position in shares of LiveOne by 3.7% during the fourth 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 raised its holdings in shares of LiveOne by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 112,743 shares of the company’s stock worth $532,000 after acquiring an additional 5,985 shares during the period. Finally, No Street GP LP acquired a new position in LiveOne in the 3rd quarter worth $1,239,000. 21.25% of the stock is currently owned by institutional investors.

About LiveOne

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.