LiveOne (Nasdaq: LVO) year end update
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LiveOne (NASDAQ: LVO) has extended $5M in payables to long-term, paid off a $2.75M line with East West Bank, and is using savings for strategic initiatives. These include converting Tesla subscribers, expanding B2B partnerships, enhancing music partnerships, and monetizing data with AI.
January 16, 2025 | 5:15 pm
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LiveOne has extended $5M in payables to long-term, paid off a $2.75M debt, and is investing in strategic initiatives such as expanding partnerships and monetizing data with AI.
The extension of payables and debt repayment improves LiveOne's financial position, allowing it to focus on growth initiatives. These include expanding partnerships and monetizing data, which could positively impact revenue and stock price.
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