secwatch.observer — SEC 8-K summary
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Issuer:     PodcastOne, Inc. (PODC)
CIK:        0001940177
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001213900-24-047710
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PodcastOne reports record FY2024 revenue $43.3M, raises FY2025 guidance to $51-56M
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- Q4 revenue $11.7M (+32% YoY); FY revenue $43.3M (+25% YoY).
- Adjusted EBITDA $258K (Q4) and $663K (FY); net loss per share ($0.05) Q4, ($0.68) FY.
- Extinguished all debt, converting $7M into shares at $3; liabilities reduced by $13M.
- LiveOne acquired 159,000 PODC shares at $3 during March; now owns ~73%.
- FY2025 revenue guidance raised to $51-56M; special shareholders call June 5.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1940177/000121390024047710/0001213900-24-047710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1940177/000121390024047710/ea0207090-8k_podcast.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-047710

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