LiveWorld Reports 2024 Financial Results

Rhea-AI Summary

LiveWorld (LVWD) has reported its financial results for 2024, showing total revenues of $11.3 million, a 1% decrease from 2023. The company's healthcare segment generated $10.2 million in revenue. Despite market challenges, LiveWorld achieved a net income of $69,000, down from $214,000 in 2023.

The company's cash position strengthened significantly, with net cash increasing by $1.6 million to $6.2 million at year-end. LiveWorld has developed an AI strategic roadmap and is increasing investments in AI solutions, integrating human expertise with machine learning and analytics.

Management anticipates continued market uncertainty in 2025 and warns that ongoing investments may result in losses. However, they expect their AI-human intelligence blend to drive medium and long-term revenue growth.

Positive

• Net cash position increased by $1.6M to $6.2M
• Maintained profitability with $69,000 net income despite market challenges
• Strong healthcare revenue segment at $10.2M
• Strategic investment in AI capabilities for future growth

Negative

• Revenue declined 1% year-over-year to $11.3M
• Net income decreased from $214,000 to $69,000
• Management warns of potential losses in 2025
• Clients constraining marketing budgets

LiveWorld looks to increase its AI investment

CAMPBELL, Calif. and NEW YORK , March 25, 2025 (GLOBE NEWSWIRE) -- LiveWorld, Inc. (OTC Markets: LVWD), today announced financial results for the year 2024.

Twelve Months 2024 Financial and Business Highlights

• Total twelve months revenues of $11.3 million, a 1% reduction from 2023
• Healthcare revenues of $10.2 million in 2024
• Net income from operations of $69,000
• Net Cash increased by $1.6 million to $6.2 million from December 31, 2023

Management Commentary

“In 2024 our top line revenues were relatively flat compared to 2023 as clients constrained their marketing budgets year-to-year,“ remarked David Houston, Chief Financial Officer of LiveWorld. “We were able to end the year with a positive net income of $69,000 even as we made investments for future growth. While we anticipate continued market uncertainty in 2025, we will continue our investment strategy. These investments may result in losses for the year.”

“In 2024, we developed an AI strategic roadmap and significantly increased our investment in this area," commented Peter Friedman, Chairman and CEO. “Our AI solutions stand out by seamlessly integrating human expertise — curation, validation, and strategic insight — with advanced machine learning, analytics, and scalable technology.”  

“As we move into 2025, we are already delivering AI-powered products and accelerating our investments in this space. We expect our unique blend of AI and human intelligence to be a key driver of our medium- and long-term revenue growth, positioning us at the forefront of innovation and value creation for our investors,” added Mr. Friedman.

Financial Review for the Twelve Months Ended December 31, 2024

Total revenues were approximately $11.3 million for the twelve months, as compared to approximately $11.5 million in total revenues reported for the same period in 2023. This was a decrease of approximately $110,000 or 1% when compared to the twelve months of 2023.

The company reported a net income for the twelve months of approximately $69,000 or 1% of total revenues. This compares to net income of approximately $214,000 or 4% of total revenues reported for the twelve months of 2023.

The company finished the year with approximately $6.6 million in cash and cash equivalents, compared to approximately $4.6 million at the end of 2023. The net cash available for operations was approximately $6.2 million at the end of 2024. The company defines net cash available for operations as cash, less media expenditure commitments.

Detailed financial information may be downloaded at www.liveworld.com/ir (LiveWorld’s Investor Relations page) or at https://www.otcmarkets.com/stock/LVWD/overview.

About LiveWorld

LiveWorld is a social-first digital agency that unlocks the full potential of social media to transform customer relationships through integrated compliance, engagement, and insight solutions. We provide brand marketers bold creative rooted in strategy that captivates and resonates, social moderation and engagement that activates interactions, software that enriches customer experiences, and compliance that enables and accelerates digital programs. 

With over 28 years of making connections, we leverage our social media DNA to deliver emotion-driven behavior change through digital campaigns with a human touch. LiveWorld clients include the number one brands in pharmaceuticals, healthcare, and financial-travel services. LiveWorld is headquartered in Campbell, California, with an additional office in New York City. Learn more at www.liveworld.com and @LiveWorld. 

“Safe Harbor" Statement Under The Private Securities Litigation Reform Act
This press release may contain forward-looking information concerning LiveWorld plans, objectives, future expectations, forecasts and prospects. These statements may include those regarding LiveWorld’s current or future financial performance including but not limited to lists of clients, revenue and profit, use of cash, investments, relationships and the actual or potential impact of stock option expense, and the results of its product development efforts. Actual results may differ materially from those expressed in the forward- looking statements made as a result of, among other things, final accounting adjustments and results, LiveWorld’s ability to attract new clients and preserve or expand its relationship with existing clients, LiveWorld’s ability to retain and attract high quality employees, including its management staff, the ability to deliver new innovative products in a timely manner, changing accounting treatments, and other risks applicable to the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

LiveWorld Contacts
IR Contact:
David Houston
LiveWorld
dhouston@liveworld.com
(408) 615-8496

PR Contact:
Matthew Hammer
LiveWorld
mhammer@liveworld.com
(737) 212-9739

LIVEWORLD, INC.
UNAUDITED CONDENSED BALANCE SHEETS
(In thousands, except share data)
	December 31,				December 31,
		2024				2023
ASSETS
Current assets
Cash and cash equivalent	$	6,603			$	4,635
Accounts receivable, net		682				1,701
Prepaid expenses		290				225
Total current assets		7,575				6,561
Property and equipment, net		33				44
Other assets		27				27
Total assets	$	7,635			$	6,632
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable	$	182			$	238
Accrued employee expenses		1,068				890
Other accrued liabilities		413				343
Deferred revenue		860				438
Total current liabilities		2,523				1,909
Total liabilities		2,523				1,909
Stockholders' equity
Common stock: $0.001 par value, 100,000,000 shares authorized 45,633,442 issued and outstanding as of December 31, 2024, and December 31, 2023, respectively		34				34
Additional paid-in capital		144,451				144,131
Accumulated deficit		(139,373)				(139,442)
Total stockholders' equity		5,112				4,723
Total liabilities and stockholders' equity	$	7,635			$	6,632

LIVEWORLD, INC.
CONDENSED STATEMENT OF OPERATIONS
(In thousands, except per share data)
	Twelve Months Ended Dec 31,
		2024			2023
Total revenues	$	11,348		$	11,458
Cost of revenues		6,023			5,884
Gross Margin		5,325			5,574
Operating Expense
Product development		1,048			1,070
Sales and marketing		1,554			1,548
General and administrative		2,634			2,538
Total operating expense		5,236			5,156
Income from operations		89			418
Income before tax		89			418
Other Income		5			4
Provision for income taxes		25			208
Net income from operations		69			214
Earnings per share analysis from operations:
Basic income per share	$	0.00		$	0.01
Shares used in computing basic loss per share		45,633,442			45,633,442
Diluted net income (loss) per share	$	0.00		$	0.00
Shares used in computing diluted income (loss) per share		56,350,862			64,632,465
Departmental allocation of stock-based compensation:
Cost of revenues	$	80		$	59
Product development		18			15
Sales and marketing		33			33
General and administrative		189			141
Total stock-based compensation	$	320		$	248

LIVEWORLD, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(In thousands)
	Twelve Months Ended December 31,
		2024				2023
Cash flows from operating activities:
Net income (loss)	$	69			$	214
Adjustments to reconcile net income (loss) provided by (used in) operating activities:
Depreciation of long-lived assets		26				31
Stock-based compensation		320				248
Changes in operating assets and liabilities:
Accounts receivable		1,019				881
Other assets		(66)				(44)
Accounts payable		(56)				35
Accrued liabilities		249				389
Deferred revenue		422				(888)
Net cash provided by (used in) operating activities		1,983				866
Cash flows from investing activities:
Purchase of property and equipment		(15)				(32)
Net cash provided by (used in) investing activities		(15)				(32)
Cash flows from financing activities:
Proceeds from exercise of stock options	----					---
Net cash provided by (used for) financing activities	----					---
Change in cash and cash equivalent		1,968				834
Cash and cash equivalents, beginning of period		4,635				3,801
Cash and cash equivalents, end of period	$	6,603			$	4,635
Supplemental disclosure of non-cash financing and investing activities:
Income tax paid	$	25			$	208

FAQ

What were LiveWorld (LVWD) key financial metrics for 2024?

LiveWorld reported $11.3M in revenue (1% decrease YoY), $69,000 in net income, and $6.2M in net cash, with healthcare revenue of $10.2M.

How much did LiveWorld's (LVWD) net income decrease in 2024 compared to 2023?

Net income decreased from $214,000 (4% of revenues) in 2023 to $69,000 (1% of revenues) in 2024.

What is LiveWorld's (LVWD) strategic focus for 2025?

LiveWorld is focusing on AI investments and developing AI-powered products, combining AI with human expertise for long-term growth.

How much did LiveWorld's (LVWD) cash position improve in 2024?

Net cash increased by $1.6M to $6.2M by end of 2024, up from $4.6M in 2023.

What is LiveWorld's (LVWD) outlook for 2025?

Management expects continued market uncertainty and potential losses due to strategic AI investments.