secwatch.observer — SEC 8-K summary
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Issuer:     LIVE VENTURES Inc (LIVE)
CIK:        0001045742
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001628280-23-028745
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Ventures Q3 revenue up 34% to $91.5M, net income falls 69% to $1.1M; acquires Precision Metal Works for $28M
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- Revenue $91.5M (+34.1% YoY) driven by Flooring Liquidators and Kinetic acquisitions; organic decline elsewhere.
- Net income $1.1M ($0.33 diluted EPS) vs $3.5M ($1.11) a year ago; down 69.5% on lower operating income and higher interest.
- Adjusted EBITDA $9.6M (+8.3% YoY); acquired Precision Metal Works post-quarter for $28M, adding ~$75M annual revenue.
- Steel Manufacturing operating income up 113% to $2.7M; Flooring Manufacturing down 38.5% to $2.0M.
- Ended quarter with $32.3M in cash and credit availability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045742/000162828023028745/0001628280-23-028745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045742/000162828023028745/live-20230810.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-028745

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