Live Ventures Inc (NASDAQ: LIVE) reported a 23.8% increase in FY23 sales to $355.17 million, surpassing consensus estimates. Despite overall growth, the Retail Entertainment and Flooring Manufacturing segments saw revenue declines due to reduced demand. The Steel Manufacturing segment, however, grew by 46.7% primarily due to the acquisition of Kinetic. The company posted an EPS loss of $(0.03), missing the consensus of $2.85. Gross profit rose by 18.1%, but operating income dropped by 40.4% due to inflationary costs and higher expenses from recent acquisitions. Adjusted EBITDA increased by 8.3% to $9.6 million, attributed to acquisitions. The company ended the fiscal year with $37.1 million in cash availability. The FY24 revenue consensus is $421 million, and the stock has declined by 21% year-to-date. LIVE shares are up 1.50% at $25.70 in recent trading.