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LiveOne (LVO)
NASDAQ:LVO
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LiveOne
(NASDAQ:LVO)
55Neutral
LiveOne (LVO) vs. S&P 500 (SPY)
Market Cap
$78.05M
Dividend YieldN/A
Average Volume (3M)433.36K
Price to Earnings (P/E)―
Beta (1Y)1.71
Revenue Growth11.43%
EPS Growth26.78%
CountryUS
Employees140
SectorCommunication Services
Sector Strength78
IndustryEntertainment
Share Statistics
EPS (TTM)-0.13
Shares Outstanding96,092,410
10 Day Avg. Volume367,287
30 Day Avg. Volume433,364
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.65
Price to Cash Flow (P/CF)5.80
P/FCF Ratio5.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$2.25Price Target Upside192.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
LiveOne Business Overview & Revenue Model
Company DescriptionLiveOne, Inc. (LVO) is a global digital media company that operates in the entertainment sector, focusing on live and on-demand audio, video, and podcast content. The company offers consumers a unique platform for discovering and experiencing music and entertainment through its various services and applications. Its core product offerings include live streaming music events, audio and video streaming services, and a range of podcasts, catering to a wide audience looking for engaging entertainment experiences.
How the Company Makes MoneyLiveOne generates revenue primarily through a combination of advertising, subscription services, and events. Advertising revenue comes from selling ad space across its platforms, leveraging its extensive user base to attract advertisers. Subscription services provide a steady income stream as users pay for ad-free access, premium content, and exclusive features. Additionally, LiveOne monetizes live music events and concerts through ticket sales and premium access passes. The company also benefits from strategic partnerships with artists, record labels, and other media companies, which enhance its content offerings and expand its reach to broader audiences.
LiveOne Financial Statement Overview
Summary
LiveOne is experiencing growth in revenue and improvement in cash flow, highlighting a transition towards a more stable financial position. However, ongoing net losses and high leverage present risks that need to be addressed for sustained financial health. The company shows potential for improvement, but operational efficiencies and profitability need to be the focus to ensure long-term viability.Income Statement
LiveOne has shown a positive revenue growth trend over recent years, particularly with a notable increase in TTM (Trailing-Twelve-Months) compared to previous years. However, profitability remains a challenge with recurring net losses and negative EBIT, indicating operational inefficiencies. While the gross profit margin is positive, the net profit margin is still negative, reflecting ongoing profitability issues.65
Positive
Balance Sheet
The balance sheet highlights a significant improvement in stockholders' equity, turning positive in the TTM period from negative figures previously, which is a positive trend. However, the debt-to-equity ratio is still a concern due to high liabilities relative to equity, indicating potential leverage risks. The equity ratio remains low, reflecting low equity relative to total assets.50
Neutral
Cash Flow
The cash flow statement shows strong improvement with positive operating and free cash flows in the TTM period, indicating enhanced cash generation abilities. The free cash flow growth is significant, although the operating cash flow to net income ratio remains challenging due to persistent net losses. Overall, the cash flow situation is improving, but consistent profitability is needed for long-term sustainability.70
Positive
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 126.02M | 118.44M | 99.61M | 117.02M | 65.23M | 38.66M | Gross Profit |
| 27.42M | 30.23M | 32.83M | 24.04M | 16.24M | 5.87M | EBIT |
| -8.28M | -4.67M | 811.00K | -37.85M | -29.37M | -35.99M | EBITDA |
| -4.64M | -3.72M | 5.36M | -29.98M | -28.09M | -27.36M | Net Income Common Stockholders |
| -10.21M | -11.97M | -10.02M | -43.91M | -41.82M | -38.93M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 10.85M | 6.99M | 8.41M | 12.89M | 18.64M | 5.70M | Total Assets |
| 56.22M | 63.86M | 65.89M | 76.82M | 85.77M | 54.12M | Total Debt |
| 950.00K | 8.55M | 12.05M | 27.12M | 24.88M | 16.35M | Net Debt |
| -9.90M | 1.57M | 3.64M | 14.23M | 6.25M | 10.65M | Total Liabilities |
| 55.09M | 57.31M | 62.07M | 87.74M | 77.63M | 61.25M | Stockholders Equity |
| -8.44M | -3.78M | 3.81M | -10.92M | 8.14M | -7.13M |
| Cash Flow | Free Cash Flow | ||||
| 10.29M | 2.80M | -6.29M | -12.95M | -12.72M | -7.47M | Operating Cash Flow |
| 13.68M | 6.85M | -3.84M | -9.12M | -9.51M | -4.89M | Investing Cash Flow |
| -3.39M | -4.05M | -2.45M | -3.98M | -791.00K | -2.44M | Financing Cash Flow |
| -5.86M | -4.31M | 1.79M | 7.49M | 16.63M | 5.83M |
LiveOne Technical Analysis
Negative
0.77
Price Trends
0.96
Negative
0.99
Negative
1.16
Negative
Market Momentum
-0.03
Negative
44.87
Neutral
61.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LVO, the sentiment is Negative. The current price of 0.77 is above the 20-day moving average (MA) of 0.76, below the 50-day MA of 0.96, and below the 200-day MA of 1.16, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 44.87 is Neutral, neither overbought nor oversold. The STOCH value of 61.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LVO.
LiveOne Risk Analysis
LiveOne disclosed 129 risk factors in its most recent earnings report. LiveOne reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LiveOne Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $23.83B | 23.81 | 10.75% | 0.92% | 0.63% | 34.09% | |
73 Outperform | $2.13T | 36.47 | 24.29% | ― | 10.99% | 91.61% | |
71 Outperform | $116.50B | 94.96 | 28.91% | ― | 18.36% | ― | |
67 Neutral | $11.10B | ― | -5.37% | ― | 18.03% | 82.15% | |
59 Neutral | $29.14B | 0.91 | -18.74% | 4.05% | 2.07% | -49.65% | |
55 Neutral | $78.05M | ― | 154.70% | ― | 11.43% | 26.78% | |
49 Neutral | $8.11B | ― | -37.33% | 4.47% | -2.84% | -249.80% |
* Communication Services Sector Average
Performance Comparison
LVO
LiveOne
0.77
-1.18
-60.51%
AMZN
Amazon
201.36
20.98
11.63%
SIRI
Sirius XM Holdings
23.82
-13.53
-36.22%
ROKU
Roku
76.05
10.88
16.69%
SPOT
Spotify
580.22
316.32
119.86%
TME
Tencent Music Entertainment Group
14.74
3.64
32.79%
LiveOne Earnings Call Summary
Earnings Call Date: Feb 14, 2025 | % Change Since: -19.79% | Next Earnings Date: Aug 7, 2025
Earnings Call Sentiment Neutral
The overall sentiment of the earnings call is cautiously optimistic. While the company has achieved significant revenue milestones and formed strategic partnerships, there are concerns about short-term revenue challenges and cost pressures. The transformative potential of the Tesla partnership and B2B deals offer substantial long-term opportunities.Highlights
Record Revenue Achievement
LiveOne achieved record revenues of $95 million in the first nine months of fiscal 2025, with $29 million in the third quarter alone.
Audio Business Milestone
Slacker Radio and Podcast One reached $90 million in revenues for the first time in company history, along with $14.1 million in adjusted EBITDA for nine months.
Strategic B2B Partnerships
LiveOne signed significant B2B deals totaling over $44 million, including partnerships with a Fortune 500 media conglomerate and Amazon.
Transformative Tesla Partnership
Renewed partnership with Tesla now features LiveOne branding in all Tesla cars in North America, resulting in 800,000 new users, which is 40% of the Tesla user base.
Podcast One Expansion
Podcast One achieved record revenues and is now the eighth largest network in the industry, with a three-year $16.5 million deal with Amazon.
Stock Buyback Program
LiveOne committed $12 million to a stock buyback, with $6.2 million remaining, reflecting management's confidence in the company's future.
Lowlights
Revenue Challenges with Tesla
Changes in the Tesla partnership could lead to temporary revenue hits, despite the long-term multibillion-dollar opportunity.
Cost Pressures in Podcast One
Podcast One's costs have been rising at twice the rate of revenue growth, affecting gross margins and requiring aggressive talent acquisition.
Monetization Delays
Monetization of new ad-supported subscribers in Tesla and other areas is expected to take 90-120 days to materialize, affecting short-term revenue.
Company Guidance
In the recent conference call, LiveOne, Inc. provided detailed guidance on its third quarter fiscal 2025 performance, showcasing significant financial achievements and strategic moves. The company reported record revenues totaling $95 million for the first nine months of the fiscal year, with $29 million generated in the third quarter alone. Notably, their audio business, including Slacker Radio and Podcast One, surpassed $90 million in revenue, alongside $14.1 million in adjusted EBITDA for the same nine-month period. LiveOne highlighted its successful B2B partnerships, which contributed over $44 million in revenue, including a $25 million deal with a Fortune 500 media conglomerate and $16.5 million from Amazon. The company also announced a renewed contract with Tesla, featuring their logo on every Tesla car and a strategic shift to convert car owners into subscribers, marking a transformative opportunity. Additionally, LiveOne committed $12 million to a stock buyback program, with $6.2 million remaining, and saw their cash position increase by $4 million, reaching nearly $11 million. Looking ahead, LiveOne aims to continue expanding its market presence, enhance its podcasting network, and explore M&A opportunities to bolster growth.LiveOne Corporate Events
Executive/Board ChangesPrivate Placements and Financing
LiveOne Appoints Ryan Carhart as New CFO
Positive
Feb 25, 2025
On February 19, 2025, LiveOne appointed Ryan Carhart as Chief Financial Officer, Treasurer, and Secretary, succeeding Aaron Sullivan, who left to pursue other opportunities. Carhart, previously Vice President and Controller, is recognized for his financial expertise and has implemented measures to achieve over $23 million in cost savings for LiveOne. He also played a crucial role in securing a new loan agreement with East West Bank, paying down $3.7 million of an existing loan, and obtaining a Letter of Intent with a major bank to refinance remaining debt and provide growth capital.
Stock BuybackBusiness Operations and StrategyFinancial Disclosures
LiveOne Announces Q3 FY2025 Financial Results and Guidance
Positive
Feb 25, 2025
LiveOne, Inc. has announced its intention to present its Corporate Presentation to the investment community and at various industry conferences. The company reported a consolidated revenue of $29.4 million and an adjusted EBITDA of $1.5 million for Q3 FY2025, with full-year FY2024 revenue at $118.4 million. The company also provided guidance for FY2025 with expected revenue between $112 million and $120 million. LiveOne has repurchased 4.4 million shares under its stock repurchase program, leaving capacity for additional repurchases. The announcement highlights the company’s strategic focus on growth and shareholder value enhancement.
Private Placements and Financing
LiveOne Secures New Loan Agreement with East West Bank
Neutral
Feb 3, 2025
On January 28, 2025, LiveOne, Inc. entered into a new Business Loan Agreement with East West Bank to update the terms of its current credit facility, reducing the principal amount to $3,750,000 and extending the maturity date to November 20, 2025. The agreement includes maintaining a minimum cash deposit of $5,000,000 and is collateralized by a first lien on all of the company’s assets. It also imposes certain covenants on the company, which, if breached, could lead to the acceleration of obligations to the lender.
Stock BuybackBusiness Operations and StrategyFinancial Disclosures
LiveOne Announces Fiscal Year 2024 Financial Results
Positive
Jan 31, 2025
LiveOne, Inc. reported financial highlights for fiscal year 2024, ending March 31, 2024, with consolidated revenue of $118.4 million and adjusted EBITDA of $11.0 million. It anticipates a revenue range of $120 million to $130 million for fiscal year 2025. The company also repurchased 4.4 million shares under its stock repurchase program as of November 15, 2024. LiveOne continues to address significant market verticals, including music subscriptions, podcasts, and live streaming, positioning itself strategically amid industry growth forecasts.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.