LiveOne (NASDAQ:LVO) Posts Earnings Results, Beats Expectations By $0.08 EPS

LiveOne (NASDAQ:LVO) posted its earnings results on Thursday. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.08, Zacks reports. The firm had revenue of $20.26 million during the quarter, compared to the consensus estimate of $19.29 million.

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

• Management highlighted a structural turnaround with operating expenses cut by over 52% year-over-year and headcount reduced from 350 to 88, driving a shift to positive consolidated adjusted EBITDA.
• LiveOne issued preliminary fiscal guidance of $85M–$95M in revenue and $8M–$10M adjusted EBITDA for the next year, following $58M in nine‑month revenue and $20.3M in Q3.
• The B2B pipeline is the largest in company history—>100 active enterprise opportunities—and management said three major Fortune 500 partnerships are signed or launching (including partners with >50M monthly paying subscribers) to drive recurring revenue.
• Balance-sheet improvements include paying off $2.5M of debt, an expanded share repurchase program (~$6M remaining), and $125M+ of net operating loss carryforwards that could deliver meaningful tax shields as GAAP profitability emerges.
• On a U.S. GAAP basis the company reported a consolidated net loss of $4.1M (‑$0.37 per share) in Q3, and one division (Slacker) remains slightly EBITDA‑negative, indicating some near‑term earnings and integration risk despite adjusted EBITDA gains.

LiveOne Stock Up 3.5%

Shares of NASDAQ:LVO traded up $0.17 during midday trading on Friday, hitting $4.97. The stock had a trading volume of 8,086 shares, compared to its average volume of 60,872. The company’s 50-day moving average price is $4.56 and its 200-day moving average price is $4.96. LiveOne has a fifty-two week low of $3.70 and a fifty-two week high of $10.30. The company has a market capitalization of $57.79 million, a P/E ratio of -2.10 and a beta of 1.64.

Analyst Ratings Changes

Several brokerages recently issued reports on LVO. Alliance Global Partners reiterated a “buy” rating and set a $12.00 price target on shares of LiveOne in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LiveOne in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of LiveOne by 35.4% during the fourth quarter. Bank of America Corp DE now owns 59,595 shares of the company’s stock valued at $88,000 after purchasing an additional 15,574 shares in the last quarter. Acadian Asset Management LLC raised its holdings in LiveOne by 2,891.7% in the 1st quarter. Acadian Asset Management LLC now owns 147,490 shares of the company’s stock valued at $101,000 after buying an additional 142,560 shares during the last quarter. Marshall Wace LLP acquired a new stake in LiveOne during the 2nd quarter worth approximately $174,000. Qube Research & Technologies Ltd bought a new stake in LiveOne during the 2nd quarter worth approximately $87,000. Finally, Jane Street Group LLC bought a new stake in LiveOne during the 2nd quarter worth approximately $247,000. 21.25% of the stock is currently owned by institutional investors and hedge funds.

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.