Live Ventures Q1 revenue $69M, EPS $0.60; acquires Flooring Liquidators for $84M

LIVE VENTURES Inc

2022-Q1 EPS reported $0.60 revenue$68,986,000

Revenue $69.0M (-8.2% YoY), net income $1.8M ($0.60 diluted EPS) vs $6.5M ($2.04) prior year.
Adjusted EBITDA $7.5M (-37.7% YoY) driven by inflation and lower demand across segments.
Post-quarter acquired Flooring Liquidators for $84M; adds ~$125M annual revenue in CA/NV.
Repurchased 24,710 shares at avg $25.16; total cash availability $34.0M at Dec 31, 2022.
Flooring Manufacturing revenue down 19.6%; Steel Manufacturing up 45.4% from Kinetic acquisition.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LIVE VENTURES Inc reported fiscal first quarter ended December 31, 2022 results: revenue $69.0 million, net income $1.8 million, EPS $0.60 per share.

Period: fiscal first quarter ended December 31, 2022
Revenue: $69.0 million
Net income: $1.8 million
EPS: $0.60 per share
Result: reported results

Exact text from the filing

a diversified holding company, today announced financial results for its fiscal first quarter ended December 31, 2022. Fiscal First Quarter 2023 Key Highlights: • Revenues were $69.0 million, as compared with $75.2 million in the prior year period • Adjusted EBITDA1 was $7.5 million, as compared with $12.1 million in the prior year period • Net income was $1.8

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Source: SEC EDGAR

accession 0000950170-23-002250

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