secwatch.observer — SEC 8-K summary
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Issuer:     LIVE VENTURES Inc (LIVE)
CIK:        0001045742
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000950170-23-002250
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045742/000095017023002250/0000950170-23-002250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045742/000095017023002250/live-20230209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002250

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