Live Ventures Q2 revenue up 30.7% to $91.1M; net income drops 90% to $1.6M

LIVE VENTURES Inc

2022-Q2 EPS reported $1.08 revenue$160,108,000

Net income of $1.6M ($0.49 diluted EPS) vs $15.4M ($4.84) prior year, which included $11.4M bankruptcy settlement gain.
Adjusted EBITDA fell 10.4% to $9.2M; operating income down 41.4% to $5.0M.
Acquired Flooring Liquidators for ~$78.7M in Jan 2023, contributing $20.8M revenue in the quarter.
Steel Manufacturing revenue up 42% to $19.9M due to Kinetic acquisition; Flooring Manufacturing revenue down 7.4%.
Stockholders' equity $103.2M; $25.9M cash and credit availability.

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 second quarter ended March 31, 2023 results: revenue $91.1 million, net income $1.6 million, EPS $0.49 per diluted share.

Period: fiscal second quarter ended March 31, 2023
Revenue: $91.1 million
Net income: $1.6 million
EPS: $0.49 per diluted share
Result: reported results

Exact text from the filing

a diversified holding company, today announced financial results for its fiscal second quarter ended March 31, 2023. Fiscal Second Quarter 2023 Key Highlights: • Revenues were $91.1 million, as compared with $69.7 million, an increase of 30.7% over the prior year period • Adjusted EBITDA1 was $9.2 million, as compared with $10.3 million in the prior year period •

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Source: SEC EDGAR

accession 0000950170-23-021361

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