LiveOne Stock Down On Q4 Earnings Miss, Weighs Strategic Options
Portfolio Pulse from Anusuya Lahiri
LiveOne Inc (NASDAQ:LVO) reported a 20.9% increase in Q4 2024 revenue to $30.899 million, beating estimates. However, the EPS loss of $(0.03) missed expectations. The company is exploring strategic alternatives, including acquisitions or mergers. Shares fell 1.74% to $1.69.
May 30, 2024 | 3:59 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
LiveOne Inc reported a 20.9% increase in Q4 2024 revenue to $30.899 million, beating estimates. However, the EPS loss of $(0.03) missed expectations. The company is exploring strategic alternatives, including acquisitions or mergers. Shares fell 1.74% to $1.69.
Despite the revenue beat, the EPS miss and the announcement of exploring strategic alternatives have created uncertainty, leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100