Live Ventures Inc Stock Price, News & Analysis

Live Ventures Incorporated (Nasdaq: LIVE) announced the repurchase of 65,668 shares of its common stock at an average price of $31.72 during Q2 fiscal 2022, ending March 31, 2022. This aligns with the company's strategic focus on maximizing stockholder value through business acquisitions and internal initiatives. Since launching a $10 million stock repurchase plan in February 2018, Live Ventures has repurchased 484,138 shares for approximately $5.4 million, at an average price of $11.06, with $4.6 million remaining for future buybacks.

Live Ventures Incorporated (Nasdaq: LIVE) reported robust Q1 FY2022 financial results, showing a 20.3% increase in revenues at $75.2 million and a 24.0% rise in gross profit to $27.6 million. Operating income surged 42.7% to $10.4 million, while net income rose 24.0% to $6.5 million. The company’s adjusted EBITDA improved by 21.9% to $12.1 million. Earnings per share also increased significantly, with basic EPS at $4.14 and diluted EPS at $2.04. Total assets reached $219.0 million, bolstered by approximately $38.8 million in cash and availability under credit facilities.

Live Ventures Incorporated (NASDAQ: LIVE) announced it will release its financial results for Q1 ended December 31, 2021, on February 10, 2022, at 2:00 p.m. PT. The call will provide insights into the Company's performance and include a Q&A session. Interested listeners can join by dialing (800) 459-5081 for U.S. participants or +1 (785) 424-1249 for international callers. Live Ventures is a diversified holding company focused on acquiring well-managed middle-market firms across various sectors, including textiles, financial services, and entertainment.

Live Ventures Incorporated (Nasdaq: LIVE) reported impressive financial results for the fiscal year ending September 30, 2021. Revenues reached $273 million, up 42% year-over-year, while gross profit increased 32% to $99.5 million. Operating income rose 75% to $35.8 million, with net income soaring 186% to $31.2 million. Basic EPS was $19.92, a 211% increase. The company acquired Salomon Whitney Financial and boasts total assets of $211.7 million with approximately $35.8 million in cash. Live Ventures ended the year in a strong liquidity position, ready for future investments.

Live Ventures Incorporated (Nasdaq: LIVE) announced it will release its financial results for the fiscal year ending September 30, 2021, on December 22, 2021. The company operates various subsidiaries, including Marquis Industries, which produces residential and commercial carpets, Precision Marshall, a steel manufacturer, and Vintage Stock, an entertainment retailer. With a focus on acquiring profitable companies, Live Ventures aims to enhance its earnings power and contribute positively to local economies.

Live Ventures Incorporated (Nasdaq: LIVE) announced the opening of four new Vintage Stock stores under the EntertainMart brand in Longview and Abilene, Texas; Lincoln, Nebraska; and Idaho Falls, Idaho, starting December 10, 2021. This expansion highlights Vintage Stock's successful business model and customer loyalty, with plans to open five to ten additional locations in 2022. Despite pandemic challenges, the company maintains COVID safety measures and continues to serve customers online. Forward-looking statements indicate growth potential, but risks exist, reflecting a commitment to increasing shareholder value.

Live Ventures Incorporated (Nasdaq: LIVE) reported impressive fiscal Q3 results, with revenue at $69.1 million, up 63%, and net income of $9.9 million, reflecting a 177% increase year-over-year. Basic EPS surged 191% to $6.35. The company achieved an operating income of $8.2 million, a 37% increase, showcasing strong performance across its segments, particularly in retail and flooring manufacturing.

Total cash and cash availability stood at $48.3 million, providing the company with liquidity for future acquisitions and investments.

Live Ventures Incorporated (NASDAQ: LIVE) will host a conference call on August 16, 2021, at 5:00 p.m. ET to discuss its third fiscal quarter business results. The call will feature a brief introduction followed by a Q&A session. Participants can join via U.S. dial-in at (877) 876-9173 or international at +1 (785) 424-1667, using the conference call name 'LIVE VENTURES'. Founded in 1968, Live Ventures focuses on value-oriented acquisitions, operating in sectors like textiles, flooring, tools, and entertainment.

Live Ventures Incorporated (Nasdaq: LIVE) faces SEC charges after a four-year investigation. The company firmly denies all allegations and intends to defend itself vigorously, claiming that these charges distract from its core business. Live Ventures has secured attorney John Hueston for representation and looks forward to court proceedings. The company focuses on acquiring domestic middle-market companies, boasting a portfolio that includes industries such as textiles, flooring, and entertainment, aiming to enhance shareholder value through strategic growth.