Liveone Inc Stock Price, News & Analysis

LiveOne (Nasdaq: LVO) has announced an expanded multi-year partnership with ReachTV to enhance the distribution of its music, entertainment, and vodcast/podcast content. The collaboration will feature LiveOne's content across ReachTV’s network, reaching over 40 million Nielsen-rated viewers monthly, including distribution in over 2,500 airport screens and 400,000 hotel rooms across North America. This partnership aims to produce original programming and expand LiveOne's audience significantly.

LiveOne (NASDAQ: LVO) has made significant strides to enhance its balance sheet, reducing the minimum cash holding requirement from $10 million to $7 million to facilitate potential acquisitions. The company converted $1.5 million in music royalty liabilities into shares priced at $2.10 each and extinguished approximately $6.5 million in liabilities since April 2022. By July 15, 2022, LiveOne expects to hold about $13 million in cash and cash equivalents. Additional cost-cutting initiatives aim to save over $23 million in the fiscal year ending March 2023.

LiveOne (Nasdaq: LVO) announces the launch of its new OneRising program aimed at promoting emerging artists through its extensive music platform. The program includes the OneRising Radio station, featuring initial artists like Le Coco Ramos and Austin George, who collectively attract millions of streams. LiveOne's offerings include live performances, NFTs, and podcasts, with a membership base exceeding 2.35 million. The initiative aligns with LiveOne's goal to connect new talents with global audiences and bolster its competitive standing within the music and entertainment industry.

On July 5, 2022, LiveOne (NASDAQ: LVO) announced a partnership with ZYNC to launch the first-ever in-car livestream entertainment platform. This collaboration aims to deliver personalized audio and video music content in ZYNC-enabled vehicles, starting in late 2022. Offerings will include live concerts, documentaries, vodcasts, pay-per-view events, and more, enhancing the in-car experience for users. The partnership emphasizes modernizing in-car entertainment while targeting electric and autonomous vehicle markets.

LiveOne (Nasdaq: LVO) reported a Q4 Fiscal 2022 revenue of $23.4 million, reflecting an 11% increase year-over-year, while revenue for Fiscal 2022 grew 79% to $117 million. The company expects Q1 Fiscal 2023 revenue of approximately $23 million and Adjusted EBITDA between $0.5 million and $1 million. LiveOne maintains its Fiscal 2023 guidance of $125 million to $140 million in revenue and $5 million to $10 million in Adjusted EBITDA. Recent cost-cutting measures are projected to save over $23 million annually.

LiveOne (NASDAQ: LVO) will announce its fourth quarter and fiscal 2022 financial results after the market closes on June 28, 2022. A live conference call will occur on June 29, 2022, at 10 AM ET to discuss these results. The company has over 2.26 million members and a vast content library, including 30 million songs and 600 curated radio stations. Despite its achievements, the company faces challenges, including reliance on key customers and uncertain market conditions.

PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), has announced the addition of 14 new podcasts and the return of a popular series. The company ranks #7 among U.S. podcast publishers with a unique monthly audience exceeding 6.5 million. Since 2020, over 50 new series have launched, significantly increasing audience growth and revenue. Key highlights include hit shows like Barely Famous and Coffee Convos, which have achieved high rankings in their categories. PodcastOne aims to offer diverse programming and attract advertisers.

LiveOne (NASDAQ: LVO) announces a share repurchase of around 1.2 million shares for approximately $1 million. This is part of a broader buyback program allowing up to 2 million shares until January 31, 2023. The company projects annual cost and expense reductions exceeding $21.5 million for FY 2023, with cash reserves of approximately $14 million. LiveOne maintains its revenue guidance of $125-140 million for FY 2023 and expects to achieve positive adjusted EBITDA in Q1 2023.

LiveOne (NASDAQ: LVO) announced a global Pay-Per-View (PPV) concert featuring K-Pop artist B.I set for June 25, 2022. After producing over 125 PPV events and generating approximately $26.7 million since 2020, LiveOne continues to expand its offerings. The event will showcase new songs and a VIP experience, with tickets starting at $19.99. Fans can expect an immersive performance including behind-the-scenes access. With over 5.8 million followers, LiveOne’s social reach extends its marketing potential, indicating strong fan engagement.