Live Ventures Reports Fiscal Third Quarter 2026 Financial Results
Rhea-AI Summary
Live Ventures (Nasdaq: LIVE) reported fiscal Q3 2026 revenue of $108.9 million, down 3.2% year over year, with gross margin up slightly to 34.1%. Operating income was $5.3 million versus $8.0 million, and the company recorded a net loss of $1.1 million, or $(0.34) per share, compared with net income of $5.4 million and EPS of $1.24 in the prior-year quarter. Adjusted EBITDA was $9.3 million, down 29.5%.
Retail-Entertainment and Steel Manufacturing delivered revenue growth of 12.7% and 7.3%, respectively, while Retail-Flooring revenue fell 29.4%. For the nine months, revenue declined 3.2% to $320.4 million, with a net loss of $3.6 million and Adjusted EBITDA of $23.0 million. As of June 30, 2026, total assets were $385.8 million, equity was $91.9 million, total cash availability was $39.8 million, and approximately $9.5 million remained under the $10 million share repurchase program.
Positive
- Q3 2026 revenue $108.9m, supported by three segments with YoY growth
- Retail-Entertainment revenue +12.7% to $21.4m; operating income up to $3.1m
- Steel Manufacturing revenue +7.3% to $36.3m; operating income $3.9m
- Gross margin expanded to 34.1% in Q3 and 33.4% year-to-date
- Total cash availability $39.8m at June 30, 2026 (cash plus credit lines)
- $9.5m remaining under the company’s $10m share repurchase program
Negative
- Q3 revenue down 3.2% YoY; Adjusted EBITDA down 29.5% to $9.3m
- Q3 net loss $1.1m vs. prior-year net income $5.4m; EPS $(0.34)
- Retail-Flooring revenue -29.4% to $21.4m; operating loss widened to $3.2m
- Q3 operating income down 34.0% to $5.3m vs. $8.0m prior year
- Year-to-date net loss $3.6m vs. $21.7m net income in prior-year period
- Non-cash goodwill impairment $4.0m in Steel Manufacturing impacted YTD operating income
News Explained
As of
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 14 | Q2 earnings report | Negative | -25.5% | Revenue and Adjusted EBITDA declined while the company posted a net loss. |
| Feb 12 | Q1 earnings report | Neutral | -4.0% | Margins and operating income improved, but the company recorded a small net loss. |
| Dec 11 | FY2025 earnings report | Positive | +19.8% | Operating income, net income, and Adjusted EBITDA improved despite lower revenue. |
| Aug 07 | Q3 earnings report | Positive | -2.2% | Profitability and margins improved substantially despite revenue declining year over year. |
| May 08 | Q2 earnings report | Positive | +49.7% | Adjusted EBITDA increased and seller-note changes generated a net gain. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings history showed mixed alignment, including a -25.53% reaction to Q2 FY2026 and a 49.69% reaction to Q2 FY2025.
Key Terms
adjusted ebitda financial
non-gaap financial
diluted eps financial
goodwill impairment charge financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
LAS VEGAS, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal third quarter ended June 30, 2026.
Fiscal Third Quarter 2026 Key Highlights:
- Revenue was
$108.9 million , compared to$112.5 million in the prior-year period, with year-over-year revenue growth in three of the Company’s four operating segments - Gross margin expanded approximately 10 basis points to
34.1% , compared to34.0% in the prior-year period - Operating income was
$5.3 million , compared to operating income of$8.0 million in the prior-year period - Net loss was
$1.1 million and loss per share was$0.34 , compared to net income of$5.4 million and diluted earnings per share (“EPS”) of$1.24 in the prior-year period- Prior-year period results benefited from a
$1.5 million gain on Employee Retention Credits and a$1.3 million gain on the settlement of a holdback liability related to Precision Industries, Inc. (“Precision Marshall”)
- Prior-year period results benefited from a
- Adjusted EBITDA¹ was
$9.3 million , compared to$13.2 million in the prior-year period - Total assets were
$385.8 million and stockholders’ equity was$91.9 million as of June 30, 2026 - Approximately
$39.8 million in cash and availability under the Company’s credit facilities as of June 30, 2026 - The Company has approximately
$9.5 million remaining available under its$10 million share repurchase program
“For the third quarter, our Retail-Entertainment and Steel Manufacturing segments posted revenue growth, improved operating income, and higher Adjusted EBITDA¹. The Retail-Entertainment segment’s revenue grew
“Our third-quarter performance demonstrates the resilience of our diversified operating portfolio. While we continue to navigate challenging conditions in our Retail-Flooring segment, our Retail-Entertainment and Steel Manufacturing segments delivered solid growth and improved profitability. We remain focused on initiatives to improve performance across our operating segments and drive sustainable value creation over the long term,” commented Jon Isaac, President and Chief Executive Officer of Live Ventures.
¹ Adjusted EBITDA is a non-GAAP measure. A reconciliation of the non-GAAP measures is included below.
| Third Quarter Fiscal Year 2026 Financial Summary (in thousands except per share amounts) | |||||||||
| For the three months ended June 30, | |||||||||
| 2026 | 2025 | % Change | |||||||
| Revenue | $ | 108,911 | $ | 112,530 | -3.2 | % | |||
| Gross profit | $ | 37,096 | $ | 38,287 | -3.1 | % | |||
| Operating income | $ | 5,283 | $ | 8,003 | -34.0 | % | |||
| Net income (loss) | $ | (1,058 | ) | $ | 5,388 | N/A | |||
| Diluted earnings (loss) per share | $ | (0.34 | ) | $ | 1.24 | N/A | |||
| Adjusted EBITDA¹ | $ | 9,298 | $ | 13,188 | -29.5 | % | |||
Revenue decreased approximately
Gross profit decreased approximately
Operating income decreased approximately
For the quarter ended June 30, 2026, net loss was approximately
Adjusted EBITDA¹ for the quarter ended June 30, 2026, was approximately
As of June 30, 2026, the Company had total cash availability of approximately
Third Quarter Fiscal Year 2026 Segment Results (in thousands)
| For the three months ended June 30, | ||||||||||
| 2026 | 2025 | % Change | ||||||||
| Revenue | ||||||||||
| Retail - Entertainment | $ | 21,426 | $ | 19,017 | 12.7 | % | ||||
| Retail - Flooring | 21,434 | 30,373 | -29.4 | % | ||||||
| Flooring Manufacturing | 31,813 | 30,959 | 2.8 | % | ||||||
| Steel Manufacturing | 36,271 | 33,793 | 7.3 | % | ||||||
| Intercompany eliminations | (2,039 | ) | (1,620 | ) | N/A | |||||
| Corporate & Other | 6 | 8 | N/A | |||||||
| Total Revenue | $ | 108,911 | $ | 112,530 | -3.2 | % | ||||
| For the three months ended June 30, | ||||||||||
| 2026 | 2025 | % Change | ||||||||
| Operating (loss) income | ||||||||||
| Retail - Entertainment | $ | 3,100 | $ | 2,317 | 33.8 | % | ||||
| Retail - Flooring | (3,180 | ) | (733 | ) | -333.8 | % | ||||
| Flooring Manufacturing | 2,521 | 2,676 | -5.8 | % | ||||||
| Steel Manufacturing | 3,860 | 2,285 | 68.9 | % | ||||||
| Intercompany eliminations | (144 | ) | 1,450 | N/A | ||||||
| Corporate & Other | (874 | ) | 8 | N/A | ||||||
| Total Operating (loss) Income | $ | 5,283 | $ | 8,003 | -34.0 | % | ||||
| For the three months ended June 30, | ||||||||||
| 2026 | 2025 | % Change | ||||||||
| Adjusted EBITDA¹ | ||||||||||
| Retail - Entertainment | $ | 3,315 | $ | 2,572 | 28.9 | % | ||||
| Retail - Flooring | (1,884 | ) | 778 | N/A | ||||||
| Flooring Manufacturing | 3,403 | 3,651 | -6.8 | % | ||||||
| Steel Manufacturing | 5,382 | 4,627 | 16.3 | % | ||||||
| Intercompany eliminations | (58 | ) | 1,450 | N/A | ||||||
| Corporate & Other | (860 | ) | 110 | N/A | ||||||
| Total Adjusted EBITDA¹ | $ | 9,298 | $ | 13,188 | -29.5 | % | ||||
| For the three months ended June 30, | ||||||||||
| 2026 | 2025 | |||||||||
| Adjusted EBITDA¹ as a percentage of revenue | ||||||||||
| Retail - Entertainment | 15.5 | % | 13.5 | % | ||||||
| Retail - Flooring | -8.8 | % | 2.6 | % | ||||||
| Flooring Manufacturing | 10.7 | % | 11.8 | % | ||||||
| Steel Manufacturing | 14.8 | % | 13.7 | % | ||||||
| Intercompany eliminations | N/A | N/A | ||||||||
| Corporate & Other | N/A | N/A | ||||||||
| Total Adjusted EBITDA¹ | 8.5 | % | 11.7 | % | ||||||
| as a percentage of revenue | ||||||||||
Retail – Entertainment
Retail-Entertainment segment revenue for the quarter ended June 30, 2026 was
Retail – Flooring
Retail-Flooring segment revenue for the quarter ended June 30, 2026 was
Flooring Manufacturing
Flooring Manufacturing segment revenue for the quarter ended June 30, 2026 was
Steel Manufacturing
Steel Manufacturing segment revenue for the quarter ended June 30, 2026 was
Corporate and Other
Corporate and Other segment operating loss for the quarter ended June 30, 2026 was
| Nine Months Fiscal Year 2026 Financial Summary (in thousands except per share amounts) | |||||||||
| For the nine months ended June 30, | |||||||||
| 2026 | 2025 | % Change | |||||||
| Revenue | $ | 320,354 | $ | 331,051 | -3.2 | % | |||
| Gross profit | $ | 107,029 | $ | 108,797 | -1.6 | % | |||
| Operating income | $ | 6,725 | $ | 10,857 | -38.1 | % | |||
| Net income (loss) | $ | (3,570 | ) | $ | 21,746 | N/A | |||
| Diluted earnings (loss) per share | $ | (1.16 | ) | $ | 4.97 | N/A | |||
| Adjusted EBITDA¹ | $ | 22,968 | $ | 25,379 | -9.5 | % | |||
Revenue decreased approximately
Gross profit decreased approximately
Operating income decreased approximately
For the nine months ended June 30, 2026, net loss was approximately
Adjusted EBITDA¹ for the nine months ended June 30, 2026, was approximately
Nine Months FY 2026 Segment Results (in thousands)
| For the nine months ended June 30, | ||||||||||
| 2026 | 2025 | % Change | ||||||||
| Revenue | ||||||||||
| Retail - Entertainment | $ | 66,252 | $ | 58,758 | 12.8 | % | ||||
| Retail - Flooring | 66,969 | 89,519 | -25.2 | % | ||||||
| Flooring Manufacturing | 90,958 | 91,596 | -0.7 | % | ||||||
| Steel Manufacturing | 100,679 | 98,569 | 2.1 | % | ||||||
| Intercompany eliminations | (4,521 | ) | (7,461 | ) | N/A | |||||
| Corporate & Other | 17 | 70 | N/A | |||||||
| Total Revenue | $ | 320,354 | $ | 331,051 | -3.2 | % | ||||
| For the nine months ended June 30, | ||||||||||
| 2026 | 2025 | % Change | ||||||||
| Operating (loss) Income | ||||||||||
| Retail - Entertainment | $ | 11,082 | $ | 8,223 | 34.8 | % | ||||
| Retail - Flooring | (11,467 | ) | (5,649 | ) | -103.0 | % | ||||
| Flooring Manufacturing | 6,816 | 4,914 | 38.7 | % | ||||||
| Steel Manufacturing | 3,821 | 5,673 | -32.6 | % | ||||||
| Intercompany eliminations | (530 | ) | 588 | N/A | ||||||
| Corporate & Other | (2,997 | ) | (2,892 | ) | N/A | |||||
| Total Operating Income | $ | 6,725 | $ | 10,857 | -38.1 | % | ||||
| For the nine months ended June 30, | ||||||||||
| 2026 | 2025 | % Change | ||||||||
| Adjusted EBITDA¹ | ||||||||||
| Retail - Entertainment | $ | 11,811 | $ | 9,138 | 29.3 | % | ||||
| Retail - Flooring | (7,418 | ) | (1,599 | ) | -363.9 | % | ||||
| Flooring Manufacturing | 9,595 | 7,810 | 22.9 | % | ||||||
| Steel Manufacturing | 12,392 | 11,899 | 4.1 | % | ||||||
| Intercompany eliminations | (444 | ) | 588 | N/A | ||||||
| Corporate & Other | (2,968 | ) | (2,457 | ) | N/A | |||||
| Total Adjusted EBITDA¹ | $ | 22,968 | $ | 25,379 | -9.5 | % | ||||
| For the nine months ended June 30, | ||||||||||
| 2026 | 2025 | |||||||||
| Adjusted EBITDA¹ as a percentage of revenue | ||||||||||
| Retail - Entertainment | 17.8 | % | 15.6 | % | ||||||
| Retail - Flooring | -11.1 | % | -1.8 | % | ||||||
| Flooring Manufacturing | 10.5 | % | 8.5 | % | ||||||
| Steel Manufacturing | 12.3 | % | 12.1 | % | ||||||
| Intercompany eliminations | N/A | N/A | ||||||||
| Corporate & Other | N/A | N/A | ||||||||
| Total Adjusted EBITDA¹ | 7.2 | % | 7.7 | % | ||||||
| as a percentage of revenue | ||||||||||
Retail – Entertainment
Retail-Entertainment segment revenue for the nine months ended June 30, 2026 was
Retail – Flooring
Retail-Flooring segment revenue for the nine months ended June 30, 2026 was
Flooring Manufacturing
Flooring Manufacturing segment revenue for the nine months ended June 30, 2026 was
Steel Manufacturing
Steel Manufacturing segment revenue for the nine months ended June 30, 2026 was
Corporate and Other
Corporate and Other segment operating loss was
Non-GAAP Financial Information
Adjusted EBITDA
We evaluate the performance of our operations based on financial measures, such as “Adjusted EBITDA,” which is a non-GAAP financial measure. We define Adjusted EBITDA as net income (loss) before interest expense, interest income, income taxes, depreciation, amortization, stock-based compensation, and other non-cash or nonrecurring charges. We believe that Adjusted EBITDA is an important indicator of the operational strength and performance of the business, including the business’s ability to fund acquisitions and other capital expenditures and to service its debt. Additionally, this measure is used by management to evaluate operating results and perform analytical comparisons and identify strategies to improve performance. Adjusted EBITDA is also a measure that is customarily used by financial analysts to evaluate a company’s financial performance, subject to certain adjustments. Adjusted EBITDA does not represent cash flows from operations, as defined by generally accepted accounting principles (“GAAP”), should not be construed as an alternative to net income or loss, and is indicative neither of our results of operations, nor of cash flow available to fund our cash needs. It is, however, a measurement that the Company believes is useful to investors in analyzing its operating performance. Accordingly, Adjusted EBITDA should be considered in addition to, but not as a substitute for, net income, cash flow provided by operating activities, and other measures of financial performance prepared in accordance with GAAP. As companies often define non-GAAP financial measures differently, Adjusted EBITDA, as calculated by Live Ventures Incorporated, should not be compared to any similarly titled measures reported by other companies.
Forward-Looking and Cautionary Statements
The use of the word “Company” refers to Live Ventures and its wholly owned subsidiaries. Certain statements in this press release contain or may suggest “forward-looking” information within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, each as amended, that are intended to be covered by the “safe harbor” created by those sections. Words such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements are intended to identify forward-looking statements. Live Ventures may also make forward-looking statements in its periodic reports filed with the U.S. Securities and Exchange Commission on Forms 10-K and 10-Q, Current Reports on Form 8-K, in its annual report to stockholders, in press releases and other written materials, and in oral statements made by its officers and directors to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025. Additionally, new risk factors emerge from time to time, and it is not possible for us to predict all such risk factors, or to assess the impact such risk factors might have on our business. Live Ventures undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
About Live Ventures Incorporated
Live Ventures is a diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. Live Ventures’ acquisition strategy is sector-agnostic and focuses on well-run, closely held businesses with a demonstrated track record of earnings growth and cash flow generation. The Company seeks opportunities to partner with management teams of its acquired businesses to build increased stockholder value through a disciplined buy-build-hold long-term focused strategy. Live Ventures was founded in 1968. In late 2011, Jon Isaac, Chief Executive Officer and strategic investor, joined the Company's Board of Directors and later refocused it into a diversified holding company. The Company’s current portfolio of diversified operating subsidiaries includes companies in the textile, flooring, tools, steel, and entertainment industries.
Contact:
Live Ventures Incorporated
Greg Powell, Director of Investor Relations
725.500.5597
gpowell@liveventures.com
www.liveventures.com
Source: Live Ventures Incorporated
| LIVE VENTURES INCORPORATED CONSOLIDATED BALANCE SHEETS (dollars in thousands, except per share amounts) | ||||||||
| June 30, 2026 | September 30, 2025 | |||||||
| (Unaudited) | | |||||||
| Assets | | | ||||||
| Cash | $ | 10,900 | $ | 8,831 | ||||
| Trade receivables, net of allowance for doubtful accounts of | 39,691 | 39,947 | ||||||
| Inventories, net | 119,959 | 120,716 | ||||||
| Income taxes receivable | 44 | — | ||||||
| Prepaid expenses and other current assets | 3,828 | 3,568 | ||||||
| Total current assets | 174,422 | 173,062 | ||||||
| Property and equipment, net | 74,970 | 77,511 | ||||||
| Right of use asset - operating leases | 60,952 | 53,097 | ||||||
| Deposits and other assets | 2,026 | 1,498 | ||||||
| Intangible assets, net | 16,313 | 20,080 | ||||||
| Goodwill | 57,139 | 61,152 | ||||||
| Total assets | $ | 385,822 | $ | 386,400 | ||||
| Liabilities and Stockholders' Equity | | | ||||||
| Liabilities: | | | ||||||
| Accounts payable | $ | 25,318 | $ | 27,369 | ||||
| Accrued liabilities | 32,784 | 31,834 | ||||||
| Income taxes payable | — | 2,334 | ||||||
| Current portion of lease obligations - operating leases | 12,654 | 11,495 | ||||||
| Current portion of lease obligations - finance leases | 603 | 573 | ||||||
| Current portion of long-term debt | 57,274 | 36,282 | ||||||
| Current portion of notes payable - related parties | — | 800 | ||||||
| Current portion of seller notes - related parties | 275 | 275 | ||||||
| Total current liabilities | 128,908 | 110,962 | ||||||
| Long-term debt, net of current portion | 16,929 | 41,880 | ||||||
| Lease obligation long term, net of current portion - operating leases | 54,826 | 46,375 | ||||||
| Lease obligation long term, net of current portion - finance leases | 42,306 | 42,269 | ||||||
| Notes payable - related parties, net of current portion | 21,801 | 18,564 | ||||||
| Seller notes, net of current portion - related parties | 17,972 | 17,945 | ||||||
| Deferred tax liability | 8,383 | 9,156 | ||||||
| Other non-current obligations | 2,813 | 3,945 | ||||||
| Total liabilities | 293,938 | 291,096 | ||||||
| Commitments and contingencies | | | ||||||
| Stockholders' equity: | | | ||||||
| Series E convertible preferred stock, | — | — | ||||||
| Common stock, | 2 | 2 | ||||||
| Paid in capital | 75,998 | 75,848 | ||||||
| Treasury stock common 754,391 shares as of June 30, 2026 and September 30, 2025 | (9,600 | ) | (9,600 | ) | ||||
| Treasury stock Series E preferred 80,000 shares as of June 30, 2026 and September 30, 2025 | (7 | ) | (7 | ) | ||||
| Retained earnings | 25,491 | 29,061 | ||||||
| Total stockholders' equity | 91,884 | 95,304 | ||||||
| Total liabilities and stockholders' equity | $ | 385,822 | $ | 386,400 | ||||
| LIVE VENTURES INCORPORATED CONSOLIDATED STATEMENTS OF INCOME (dollars in thousands, except per share) | ||||||||||||||||
| For the Three Months Ended June 30, | For the Nine Months Ended June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Revenue | $ | 108,911 | $ | 112,530 | $ | 320,354 | $ | 331,051 | ||||||||
| Cost of revenue | 71,815 | 74,243 | 213,325 | 222,254 | ||||||||||||
| Gross profit | 37,096 | 38,287 | 107,029 | 108,797 | ||||||||||||
| | | | | |||||||||||||
| Operating expenses: | | | | | ||||||||||||
| General and administrative expenses | 27,587 | 26,275 | 83,110 | 84,667 | ||||||||||||
| Sales and marketing expenses | 4,226 | 4,009 | 13,181 | 13,273 | ||||||||||||
| Impairment expense | — | — | 4,013 | — | ||||||||||||
| Total operating expenses | 31,813 | 30,284 | 100,304 | 97,940 | ||||||||||||
| Operating income | 5,283 | 8,003 | 6,725 | 10,857 | ||||||||||||
| Other (expense) income: | | | | | ||||||||||||
| Interest expense, net | (3,835 | ) | (3,854 | ) | (11,288 | ) | (11,949 | ) | ||||||||
| Gain on extinguishment of debt | — | — | — | 713 | ||||||||||||
| Gain on settlement of earnout liability | — | — | — | 2,840 | ||||||||||||
| Gain on settlement of holdback liability | — | 1,282 | — | 1,186 | ||||||||||||
| Employee Retention Credit | — | 1,469 | 1,400 | 1,824 | ||||||||||||
| Gain on modification of seller note | — | — | — | 22,784 | ||||||||||||
| Other (expense) income | (62 | ) | 555 | (135 | ) | 876 | ||||||||||
| Total other (expense) income, net | (3,897 | ) | (548 | ) | (10,023 | ) | 18,274 | |||||||||
| Income (loss) before provision for income taxes | 1,386 | 7,455 | (3,298 | ) | 29,131 | |||||||||||
| Provision for income taxes | 2,444 | 2,067 | 272 | 7,385 | ||||||||||||
| Net (loss) income | $ | (1,058 | ) | $ | 5,388 | $ | (3,570 | ) | $ | 21,746 | ||||||
| | | | | |||||||||||||
| (Loss) income per share: | | | | | ||||||||||||
| Basic | $ | (0.34 | ) | $ | 1.75 | $ | (1.16 | ) | $ | 7.01 | ||||||
| Diluted | $ | (0.34 | ) | $ | 1.24 | $ | (1.16 | ) | $ | 4.97 | ||||||
| | | | | |||||||||||||
| Weighted average common shares outstanding: | | | | | ||||||||||||
| Basic | 3,071,656 | 3,081,970 | 3,071,656 | 3,101,646 | ||||||||||||
| Diluted | 3,071,656 | 4,356,355 | 3,071,656 | 4,376,031 | ||||||||||||
LIVE VENTURES INCORPORATED
NON-GAAP MEASURES RECONCILIATION
Adjusted EBITDA
The following table provides a reconciliation of Net (loss) income to total Adjusted EBITDA¹ for the periods indicated (dollars in thousands):
| For the Three Months Ended | For the Nine Months Ended | |||||||||||||||
| June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |||||||||||||
| Net income (loss) | $ | (1,058 | ) | $ | 5,388 | $ | (3,570 | ) | $ | 21,746 | ||||||
| Depreciation and amortization | 3,834 | 4,547 | 11,679 | 13,362 | ||||||||||||
| Stock-based compensation | 50 | 50 | 150 | 150 | ||||||||||||
| Interest expense, net | 3,835 | 3,854 | 11,288 | 11,949 | ||||||||||||
| Income tax expense (benefit) | 2,444 | 2,067 | 272 | 7,385 | ||||||||||||
| Gain on extinguishment of debt | — | — | — | (713 | ) | |||||||||||
| Gain on modification of seller note | — | — | — | (22,784 | ) | |||||||||||
| Gain on settlement of earnout liability | — | — | — | (2,840 | ) | |||||||||||
| Gain on settlement of holdback | — | (1,282 | ) | — | (1,186 | ) | ||||||||||
| Gain on receipt of ERC credits | — | (1,469 | ) | (1,400 | ) | (1,824 | ) | |||||||||
| Impairment of goodwill | — | — | 4,013 | — | ||||||||||||
| Debt acquisition costs | — | — | 59 | — | ||||||||||||
| Acquisition costs | 193 | — | 193 | — | ||||||||||||
| Other non-recurring charges | — | 33 | 284 | 134 | ||||||||||||
| Adjusted EBITDA | $ | 9,298 | $ | 13,188 | $ | 22,968 | $ | 25,379 | ||||||||
