Eric Althofer
Eric Althofer provided written notice to Live Ventures Incorporated (the “C ompany ”) of his intent to resign as Chief Operating Officer of the Company effective May 3, 2024.
Highest-materiality recent filing
Live Ventures Q2 net loss $2.4M on $102.9M revenue; $4M goodwill impairment hits steel
Revenue $102.9M, down 3.8% YoY; net loss $2.4M ($0.80 diluted loss per share) vs net income $15.9M ($5.05 EPS) prior year.
Live Ventures Q1 revenue down 2.7% to $108.5M; operating income up 353% to $3.5M
Net loss of $0.1M ($0.02 EPS) vs net income of $0.5M ($0.16 EPS) prior year; prior year had $3.5M non-recurring gains.
Revenue $444.9M (-5.9% YoY); net income $22.7M (diluted EPS $4.93) vs net loss $26.7M in FY24.
Live Ventures swings to Q3 profit of $5.4M; Adjusted EBITDA more than doubles to $13.2M
Revenue $112.5M, down 9.2% YoY; gross margin expands 410 bps to 34.0%.
Live Ventures Q2 net income $15.9M ($5.05/diluted EPS) vs loss $3.3M; revenue down 9.8% to $107M
Revenue fell 9.8% YoY to $107M; operating income improved to $2.1M from loss of $0.8M.
Live Ventures cuts acquisition note to $15M from $34M; Kellogg goes part-time
Aggregate principal of the Note reduced by $19M to $15M, treated as purchase price adjustment.
Live Ventures FY2024: net loss $26.7M, revenue $472.8M (+33%), $18.1M goodwill impairment
Revenue $472.8M (+33.1% YoY); gross profit $144.8M (+25.3%).
Live Ventures Q3 revenue up 35% to $123.9M; net loss $2.9M vs prior year income $1.1M
Revenue increased 35.4% to $123.9M; net loss of $2.9M with diluted loss per share of $0.91.
Live Ventures adopts $10M stock repurchase program through May 2025
Board authorized up to $10M in common stock repurchases; replaces program that expired June 1, 2024.
Live Ventures Q2 FY2024 revenue up 30.2% to $118.6M, net loss $3.3M vs profit $1.6M YoY
Revenue $118.6M (+30.2% YoY) driven by acquisitions of Flooring Liquidators and PMW.
Live Ventures Enters Cooperation Agreement with LL Flooring, Withdraws Director Nominations
Live Ventures and Isaac Capital Group irrevocably withdrew their notice to nominate three individuals to LL Flooring's board at the 2024 annual meeting.
Eric Althofer provided written notice to Live Ventures Incorporated (the “C ompany ”) of his intent to resign as Chief Operating Officer of the Company effective May 3, 2024.
Max materiality 0.85 · Median 0.65 · Most common event earnings