Live Ventures Clocks 42% Revenue Growth In FY21

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  • Live Ventures Inc LIVE reported FY21 sales growth of 42.4% year-on-year, to $272.98 million.
  • The revenue from retail grew 21% Y/Y, Flooring manufacturing climbed 19%, and Steel manufacturing jumped 519%.
  • EPS of $9.80 versus $3.09 a year earlier.
  • The gross profit rose 32% Y/Y to $99.5 million. The operating margin was 13.1%, and operating income for the quarter rose 75% to $35.8 million.
  • The company held $4.7 million in cash and equivalents as of September 30, 2021.
  • Price Action: LIVE shares are trading higher by 4.74% at $35 on the last check Wednesday.
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