secwatch.observer — SEC 8-K summary
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Issuer:     LIVE VENTURES Inc (LIVE)
CIK:        0001045742
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001628280-23-042080
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Ventures reports FY2023 revenue up 23.8% to $355.2M but net loss of $0.1M; Adjusted EBITDA down 17.8%
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- Revenue $355.2M, +23.8% YoY, driven by acquisitions (Flooring Liquidators, PMW, Kinetic) contributing ~$115M.
- Net loss of $0.1M vs prior net income $24.7M; diluted EPS -$0.03 vs $7.84 (prior year included $11.4M bankruptcy gain).
- Adjusted EBITDA $31.5M, down 17.8% from $38.4M; operating income fell 40.4% to $15.4M on lower margins and higher G&A.
- Four acquisitions closed in FY2023: Flooring Liquidators, PMW, Cal Coast assets, Harris Flooring, totaling ~$117M invested.
- Segment weakness: Retail-Entertainment revenue -9.3%, Flooring Manufacturing -16.1%; Steel Manufacturing grew 46.7% on acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045742/000162828023042080/0001628280-23-042080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045742/000162828023042080/live-20231220.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-042080

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