secwatch.observer — SEC 8-K summary
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Issuer:     LIVE VENTURES Inc (LIVE)
CIK:        0001045742
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0000950170-23-021361
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045742/000095017023021361/0000950170-23-021361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045742/000095017023021361/live-20230511.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-021361

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer