LiveOne Q4 Revenue Beats Expectations, Membership Surges 39% Y/Y
Portfolio Pulse from Anusuya Lahiri
LiveOne, Inc (NASDAQ:LVO) reported Q4 FY23 revenue of $25.5 million, beating the consensus of $25 million. The company's Audio Division revenue grew to $22.9 million, and paid memberships increased by 39% Y/Y to 2.2 million. The operating loss improved to $(0.9) million from ($8.3) million a year ago. However, EPS loss of $(0.06) missed the consensus loss of $(0.03). LiveOne raised its FY24 Audio Division revenue guidance to $100 million - $110 million and consolidated revenue to $122 million - $130 million.
June 27, 2023 | 7:24 pm
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LiveOne's Q4 FY23 revenue beat expectations and paid memberships increased significantly. However, the EPS loss was greater than expected. The company raised its FY24 revenue guidance.
LiveOne's better-than-expected Q4 revenue and significant increase in paid memberships indicate strong business performance, which is likely to positively impact the stock price. However, the greater-than-expected EPS loss might temper investor enthusiasm. The raised FY24 revenue guidance shows the company's confidence in its future performance, which could further boost investor sentiment.
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