Live Ventures Q2 FY2024 revenue up 30.2% to $118.6M, net loss $3.3M vs profit $1.6M YoY

LIVE VENTURES Inc

2024-Q2 EPS reported -$1.25 revenue$236,219,000

Revenue $118.6M (+30.2% YoY) driven by acquisitions of Flooring Liquidators and PMW.
Net loss $3.3M and diluted loss per share $1.04, vs prior year net income $1.6M and EPS $0.49.
Adjusted EBITDA $4.5M, down 51.5% from $9.2M; operating loss $0.8M vs income $5.0M YoY.
Retail-Flooring segment operating loss $3.0M on acquisition inefficiencies; Steel Manufacturing gross margin fell to 14.3%.
Repurchased 11,849 shares at avg $25.16; cash and credit availability $36.0M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LIVE VENTURES Inc reported fiscal second quarter ended March 31, 2024 results: revenue $118.6 million, net income Net loss was $3.3 million, EPS diluted loss per share was $1.04.

Period: fiscal second quarter ended March 31, 2024
Revenue: $118.6 million
Net income: Net loss was $3.3 million
EPS: diluted loss per share was $1.04
Result: reported results

Exact text from the filing

Live Ventures Reports Fiscal Second Quarter 2024 Financial Results LAS VEGAS, May 13, 2024 -- Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its second fiscal quarter ended March 31, 2024. Fiscal Second Quarter 2024 Key Highlights: • Revenue increased 30.2% to $118.6 million, compared to $91.1 million in the prior year period • Net loss was $3.3 million and diluted loss per share was $1.04

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Source: SEC EDGAR

accession 0001628280-24-022920

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