secwatch.observer — SEC 8-K summary
======================================

Issuer:     LiveOne, Inc. (LVO)
CIK:        0001491419
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001213900-22-071231
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LiveOne reports record 1H FY2023 Adj EBITDA of $6.4M; revenue $46.8M; guides FY rev $100-110M
--------------------------------------------------------------------------------

- Q2 FY2023 Adj EBITDA $4.4M vs -$2.1M YoY; net loss $3.4M vs $15.2M; operating loss improved to $1.0M from $9.7M.
- Audio division 1H revenue $42M, Adj EBITDA $9.8M; paid members 1.8M (+209k vs June 30); total members 2.6M.
- PodcastOne 1H revenue $17.2M; US monthly audience 6.7M; expects to file S-1 for spin-out by Dec 15, 2022.
- FY2023 guidance: revenue $100M-$110M, Adj EBITDA $9M-$11.5M; additional $2M cost savings brings total to >$25M.
- Stock buyback expanded by up to $2M; 2M shares repurchased since Apr 2022; authorization expires Dec 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1491419/000121390022071231/0001213900-22-071231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1491419/000121390022071231/ea168428-8k_liveone.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-071231

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