LiveOne Stock Plummets

June 28, 2023 ·

WEST HOLLYWOOD—On July 27, NASDAQ reports indicate a fourth quarter loss for LiveOne Inc., which is located at 9200 Sunset Boulevard Suite 1201 in West Hollywood. It is formerly known as LiveXLive Media Inc. which is devoted to live music and music related video content from various artists like Duran Duran, Radiohead, Metallica, Rihanna, Katy Perry, Bruce Springsteen, and others.

Photo By Yiorgos Ntrahas Via Unsplash

LiveOne (LVO) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to a loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -150 percent. A quarter ago, it was expected that the company would post a loss of $0.04 per share. Over the last four quarters, the company surpassed consensus EPS estimates just once.

LiveOne, which belongs to the Zacks Audio Video Production industry, posted revenues of $25.55 million for the quarter that ended March 2023, missing the Zacks Consensus Estimate by 3.74 percent. This compares to year-ago revenues of $23.43 million. The company has topped consensus revenue estimates two times over the last four quarters.

For their last quarter, LiveOne (LVO) reported earnings of -$0.05 per share, missing the Zacks Consensus Estimate of -$0.02 per share. This reflects a negative earnings surprise of 150 percent. Look for LVO’s next earnings release expected on August 10, 2023.

It is expected for the company to report earnings of -$0.04 per share, reflecting a year-over-year decrease of 300 percent.

In category:West Hollywood
Next Post

Armed Robbery Suspects Arrested By SMPD

SANTA MONICA—The Santa Monica Police Department arrested two people in connection to an armed robbery that occurred on June 15. The SMPD reported on its Facebook page that they received a 911 call after 1 a.m. of an armed robbery…
Previous Post

City Of Malibu Prepares For Fourth Of July Holiday

MALIBU—The city of Malibu and the Los Angeles County Fire Department (LACOFD) is reminding the public that fireworks are illegal in Los Angeles County except for professionally operated, permitted displays, as the public gets ready to celebrate the upcoming Fourth…
Random Post

Environmental Nonprofit Hosting Cleanup At Will Rogers Beach

PACIFIC PALISADES—Heal the Bay, an environmental advocacy group based in Santa Monica, is set to host a “Bay’s Nothin’ But Sand” event on Saturday, July 15 at Will Rogers Beach. The free event centers around beach cleanup, removing plastic from…
Random Post

Oscar Alejandro Hernandez's Body Found In Griffith Park

GRIFFITH PARK—On March 31, the body of a hiker identified as Oscar Alejandro Hernandez, 29, was discovered. Hernandez was found in a remote area on a hillside on the east side of the park on Fern Canyon Trail near the…
Random Post

No Reported Injuries In Santa Monica Plane Crash

SANTA MONICA—On Monday, June 5, at approximately 3:45 p.m. a privately owned airplane crashed at Santa Monica Airport located at 3223 Donald Douglas Loop South.The Federal Aviation Administration reported that a Cessna plane flipped over and crashed while landing. Only…
Random Post

West Hollywood Care Team Created To Serve The Community

WEST HOLLYWOOD—During its regular meeting on June 26, the West Hollywood City Council unanimously approved the creation of the West Hollywood Care Team, a new behavioral health crisis response program to serve the community. The Care Team is a first-of-its-kind…

Leave a Reply

Your email address will not be published. Required fields are marked *