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Live Ventures Inc (LIVE)
NASDAQ:LIVE
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 12, 2024
|% Change Since: 2.79%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong revenue growth driven by strategic acquisitions and segment performances, particularly in Steel Manufacturing and Retail-Flooring. However, challenges such as a decreased gross margin, a decline in Retail-Entertainment revenue, and a net loss highlight areas of concern. The default of PMW's debt covenant adds further financial pressure.Company Guidance
During Live Ventures' Q3 2024 earnings call, the company reported a 35.4% increase in total revenue to approximately $123.9 million, driven largely by the acquisitions of PMW and Central Steel, which contributed $21.1 million in additional revenue. The Retail-Flooring segment saw a revenue boost of $9.5 million, while the Flooring Manufacturing segment increased by $3.8 million. However, the Retail-Entertainment segment experienced a decline of $1.5 million, or 8.4%, due to reduced consumer demand. Gross profit rose to $37 million, though the gross margin percentage declined from 35.2% to 29.9% due to lower margins from PMW. The company faced a net loss of $2.9 million, translating to a $0.91 loss per share, compared to a net income of $1.1 million in the previous year. Adjusted EBITDA decreased by $3.5 million to $6.1 million. The company ended the quarter with total cash availability of $34.4 million and repurchased 18,156 shares of common stock, with $10 million remaining for future buybacks under a new repurchase program. Despite economic challenges, Live Ventures remains committed to its long-term strategy of creating sustainable growth and value for shareholders.Significant Revenue Growth
Total revenue for the quarter increased 35.4% to approximately $123.9 million, driven by acquisitions and increased revenue in key segments.
Steel Manufacturing Segment Growth
Steel Manufacturing revenue increased by $20.6 million or 112.1% compared to the prior year period, largely due to contributions from PMW and Central Steel.
Retail-Flooring Segment Success
Retail-Flooring revenue for the quarter was approximately $37 million, an increase of $9.5 million or 34.7% compared to the prior year period.
Flooring Manufacturing Segment Increase
Flooring Manufacturing revenue of approximately $31.3 million increased $3.8 million or 14% compared to the prior year.
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LIVE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LIVE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 12, 2024 | $10.02 | $9.83 | -1.90% |
| Aug 08, 2024 | $20.45 | $20.21 | -1.17% |
| May 13, 2024 | $25.67 | $25.62 | -0.19% |
| Feb 08, 2024 | $24.92 | $24.10 | -3.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Live Ventures Inc (LIVE) report earnings?
Live Ventures Inc (LIVE) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Live Ventures Inc (LIVE) earnings time?
Live Ventures Inc (LIVE) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LIVE EPS forecast?
Currently, no data Available
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