LiveOne Stock Down On Q4 Earnings Miss, Weighs Strategic Options

Zinger Key Points
  • LiveOne reports Q4 revenue growth of 20.9% YoY to $30.899 million, beating estimates of $30.4 million.
  • EPS loss of $(0.03) misses the consensus loss estimate of $(0.01).

LiveOne Inc LVO reported fiscal fourth-quarter 2024 revenue growth of 20.9% year-on-year to $30.899 million, beating the analyst consensus estimate of $30.445 million.

EPS loss of $(0.03) missed the consensus loss estimate of $(0.01).

The Slacker division had revenue of $17.6 million versus $14.1 million Y/Y.

As of March 31, 2024, paid members were up by 30% Y/Y. Total members, including free ad-supported memberships, were approximately 3.75 million on May 25, 2024.

The operating loss was $(1.161) million against ($0.860) million a year ago due to higher stock-based compensation. Adjusted EBITDA was $2.785 million versus $1.495 million a year ago.

LiveOne held $7.14 million in cash and equivalents as of March 31, 2024.

LiveOne disclosed that it is continuing to explore strategic alternatives, including a strategic acquisition, divestiture, merger, sale or other form of business combination.

Outlook: The company expects fiscal 2025 revenue of $140 million-$155 million versus consensus $148.88 million. Audio Division revenue guidance was $130 million-$140 million. 

LVO Price Action: LiveOne shares traded lower by 1.74% at $1.69 at publication Thursday.

Read Next: US Q1 Economic Growth Downwardly Revised To 1.3%: Consumer Spending Falters

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