earnings
confidence high
sentiment negative
materiality 0.75
Live Ventures FY2024: net loss $26.7M, revenue $472.8M (+33%), $18.1M goodwill impairment
LIVE VENTURES Inc
- Revenue $472.8M (+33.1% YoY); gross profit $144.8M (+25.3%).
- Net loss $26.7M ($8.48 loss per share) vs $0.1M net loss prior year; includes $18.1M goodwill impairment in Retail-Flooring.
- Adjusted EBITDA $24.5M, down 22.3% from $31.5M.
- Retail-Flooring operating loss $25.5M including impairment; Steel Manufacturing operating income down 42.5% to $4.6M.
- Cash and credit availability $33.3M as of Sept 30, 2024.