LiveOne Preliminary Q1 2025 Revenue $33.1M Vs $32.46M Est.; Adjusted EBITDA Results Of $2.9M
Portfolio Pulse from Benzinga Newsdesk
LiveOne (NASDAQ:LVO) reported preliminary Q1 FY25 revenue of $33.1M, surpassing estimates of $32.46M. The company also achieved an adjusted EBITDA of $2.9M, a 31% increase from Q1 FY24. LiveOne guides positive cash flow from core operations of $17.5M for Q1 2025, realized cost savings of $5M, and ended Q1 with over $10M in cash. Additionally, the company expanded its share repurchase program from $10M to $12M.
July 18, 2024 | 12:04 pm
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LiveOne reported record Q1 FY25 revenue of $33.1M, surpassing estimates and showing a 20% YoY increase. Adjusted EBITDA rose by 31% YoY to $2.9M. The company guides positive cash flow from core operations and expanded its share repurchase program.
The record revenue and significant YoY growth in adjusted EBITDA are positive indicators for LiveOne's financial health. The guidance for positive cash flow and the expansion of the share repurchase program further bolster investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100