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LiveOne Inc LVO reported fiscal fourth-quarter 2024 income progress of 20.9% year-on-year to $30.899 million, beating the analyst consensus estimate of $30.445 million.
EPS lack of $(0.03) missed the consensus loss estimate of $(0.01).
The Slacker division had income of $17.6 million versus $14.1 million Y/Y.
As of March 31, 2024, paid members have been up by 30% Y/Y. Whole members, together with free ad-supported memberships, have been roughly 3.75 million on Might 25, 2024.
The working loss was $(1.161) million in opposition to ($0.860) million a 12 months in the past as a result of greater stock-based compensation. Adjusted EBITDA was $2.785 million versus $1.495 million a 12 months in the past.
LiveOne held $7.14 million in money and equivalents as of March 31, 2024.
LiveOne disclosed that it’s persevering with to discover strategic alternate options, together with a strategic acquisition, divestiture, merger, sale or different type of enterprise mixture.
Outlook: The corporate expects fiscal 2025 income of $140 million-$155 million versus consensus $148.88 million. Audio Division income steerage was $130 million-$140 million.
LVO Worth Motion: LiveOne shares traded decrease by 1.74% at $1.69 at publication Thursday.
Learn Subsequent: US Q1 Financial Progress Downwardly Revised To 1.3%: Shopper Spending Falters
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