Company Overview - Live Ventures Incorporated is a diversified holding company focused on value-oriented acquisitions of domestic middle-market companies [2] - The company's acquisition strategy is sector agnostic, targeting well-run, closely held businesses with a proven track record of earnings growth and cash flow generation [2] - Live Ventures aims to partner with management teams of acquired businesses to enhance stockholder value through a disciplined buy-build-hold long-term strategy [2] - Founded in 1968, the company was refocused into a diversified holding company in late 2011 under the leadership of CEO Jon Isaac [2] - The current portfolio includes subsidiaries in the textile, flooring, tools, steel, and entertainment industries [2] Upcoming Financial Results - Live Ventures will release its financial results for the fiscal second quarter ended March 31, 2025, before the market opens on May 8, 2025 [1] - A conference call to discuss the results is scheduled for May 8, 2025, at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) [1] - Interested parties are encouraged to dial in at least 15 minutes in advance to ensure connection [1]

Core Viewpoint - Live Energy Minerals Corp. has entered into an option agreement allowing a purchaser to acquire a 100% interest in two mineral claims totaling approximately 5,355 hectares in Saskatchewan [1][2]. Group 1: Option Agreement Details - The purchaser must issue 5,500,000 common shares to the company within five days of TSX Venture Exchange approval and pay $50,000 in cash within three years of the agreement's effective date [2]. - The company has granted the purchaser the right to buy back a 3% net smelter return royalty by issuing an additional 5,500,000 shares to the royalty holder, subject to TSXV acceptance [3]. Group 2: Company Overview - Live Energy Minerals Corp. is focused on exploring clean energy minerals in North and South America, holding interests in uranium, vanadium, and molybdenum projects in the Colorado Plateau, USA, and the McDermitt Lithium East Project in Nevada [4]. - The company aims to create shareholder value through quality projects and proven exploration strategies [4].

Company Overview - Live Ventures Incorporated is a diversified holding company focused on value-oriented acquisitions of domestic middle-market companies [4] - The company's acquisition strategy is sector-agnostic, targeting well-run, closely held businesses with a proven track record of earnings growth and cash flow generation [4] - Live Ventures was founded in 1968 and has a portfolio that includes companies in the textile, flooring, tools, steel, and entertainment industries [4] Recent Developments - Jon Isaac, President and CEO of Live Ventures, acquired 55,796 shares of the company's common stock in open market transactions valued at approximately $385,000 [1][2] - The share purchases occurred on March 25, 26, and 27, 2025, and were reported in a Form 4 filed with the Securities and Exchange Commission [2]

Core Viewpoint - Live Ventures Incorporated's President and CEO, Jon Isaac, has purchased 55,796 shares of the company's common stock for approximately $385,000, reflecting his confidence in the company's long-term value creation for shareholders [1][2]. Company Overview - Live Ventures is a diversified holding company focused on value-oriented acquisitions of domestic middle-market companies, employing a sector-agnostic acquisition strategy [4]. - The company seeks well-run, closely held businesses with a proven track record of earnings growth and cash flow generation, aiming to partner with management teams to enhance shareholder value through a disciplined buy-build-hold strategy [4]. - Founded in 1968, Live Ventures was refocused into a diversified holding company in 2011 under the leadership of Jon Isaac, who joined the Board of Directors [4]. - The current portfolio includes subsidiaries in various industries such as textiles, flooring, tools, steel, and entertainment [4].

Live Ventures Reports Fiscal First Quarter 2025 Financial Results LAS VEGAS, February 6, 2025 -- Live Ventures Incorporated (Nasdaq: LIVE) ("Live Ventures" or the "Company"), a diversified holding company, today announced financial results for its fiscal first quarter 2025 ended December 31, 2024. Fiscal First Quarter 2025 Key Highlights: "Both our Retail-Entertainment and Steel Manufacturing segments delivered improved operating performance in the first quarter, with increases in operating income and opera ...

Financial Performance - Revenue for the three months ended December 31, 2024, was $111,508,000, a decrease of 5.8% compared to $117,593,000 for the same period in 2023[151] - Gross profit for the same period was $35,362,000, representing 31.7% of total revenue, compared to $36,327,000 or 30.9% in 2023[151] - Net income for the three months ended December 31, 2024, was $492,000, compared to a net loss of $682,000 in 2023[151] - Total Adjusted EBITDA for the three months ended December 31, 2024, was $5,744,000, down from $8,696,000 in 2023[151] - The consolidated adjusted EBITDA as a percentage of revenue decreased to 5.2% from 7.4% in 2023[151] - Adjusted EBITDA decreased by approximately $3.0 million or 33.9% to $5.7 million for the three months ended December 31, 2024, compared to $8.7 million in the prior year[165] Segment Performance - The Retail-Entertainment segment reported Adjusted EBITDA of $3,810,000, while the Retail-Flooring segment had a loss of $971,000[151] - Steel Manufacturing segment's Adjusted EBITDA remained stable at $2,801,000, consistent with the previous year[151] - Retail-Entertainment segment revenue increased by approximately $0.7 million or 3.3% to $21.3 million for the quarter ended December 31, 2024, driven by increased consumer demand for used products[160] - Retail-Flooring segment revenue decreased by approximately $2.6 million or 7.5% to $31.7 million for the quarter ended December 31, 2024, primarily due to reduced demand[161] - Flooring Manufacturing segment revenue decreased by approximately $3.2 million or 11.1% to $26.0 million for the quarter ended December 31, 2024, attributed to reduced consumer demand[162] - Steel Manufacturing segment revenue decreased by approximately $0.9 million or 2.8% to $32.4 million for the quarter ended December 31, 2024, partially offset by revenue from the acquisition of Central Steel[163] Expenses - General and administrative expenses increased to $30,071,000, representing 27.0% of total revenue, compared to 23.5% in 2023[151] - General and Administrative expenses rose by 8.6% to approximately $30.1 million for the three months ended December 31, 2024, mainly due to increased compensation expenses related to new store openings[155] - Sales and marketing expenses decreased by 11.3% to approximately $4.5 million for the three months ended December 31, 2024, due to reduced activities at Flooring Liquidators[156] - Interest expense for the quarter was $4,162,000, slightly up from $4,163,000 in the same period last year[151] Cash Flow and Financing - As of December 31, 2024, the company had total cash on hand of approximately $7.4 million and $23.7 million available under revolving credit facilities[166] - Cash flows used in investing activities were approximately $1.8 million for the three months ended December 31, 2024, compared to $3.2 million for the same period in 2023[172][174] - Cash flows used in financing activities amounted to approximately $4.8 million for the three months ended December 31, 2024, compared to $3.4 million for the same period in 2023[173][174] - The company utilized net borrowings under revolver loans of approximately $3.1 million during the financing activities for the three months ended December 31, 2024[173] Internal Controls and Compliance - As of December 31, 2024, the company assessed its internal controls over financial reporting as ineffective due to a material weakness identified in the financial reporting and consolidation process[182] - The company plans to improve control policies and procedures over financial reporting and consolidation processes, expecting to conclude these initiatives during the fiscal year ended September 30, 2025[182] - There were no changes in internal control over financial reporting during the three months ended December 31, 2024, that materially affected the controls[184] - The company does not expect its disclosure controls and procedures to prevent or detect all errors and fraud due to inherent limitations[181] Strategic Outlook - The company continues to focus on acquiring profitable and well-managed companies to enhance operational synergies across its segments[130] - The company may require additional debt financing or capital for new acquisitions, refinancing existing debt, or other strategic investments[176] - The company has historically preferred asset-based lending arrangements and mezzanine financing for acquisitions[175] - As of December 31, 2024, the company did not participate in any market risk-sensitive commodity instruments[177]

Live Ventures Incorporated (NASDAQ:LIVE) Q1 2025 Earnings Conference Call February 5, 2025 5:00 PM ET Company Participants Greg Powell - Director, IR David Verret - CFO Conference Call Participants Joseph Kowalsky - JD Investments Operator Welcome to the Live Ventures FY 2025 First Quarter Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Greg Powell, Director of Investor Relations. Please go ahead, sir. Greg Powell Thank you, Jen. Good afternoon, and welcome to the ...

LAS VEGAS, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (NASDAQ:LIVE) ("Live Ventures" or the "Company"), a diversified holding company, today announced financial results for its fiscal first quarter 2025 ended December 31, 2024.  Fiscal First Quarter 2025 Key Highlights: Revenue was $111.5 million, compared to $117.6 million in the prior year periodNet income was $0.5 million and diluted earnings per share ("EPS") was $0.16, compared to the prior year period net loss of $0.7 million and los ...

LAS VEGAS, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (NASDAQ:LIVE) ("Live Ventures" or the "Company"), a diversified holding company, will issue its financial results for its fiscal first quarter ended December 31, 2024, before the market opens on Thursday, February 6, 2025. The Company will hold a conference call to discuss the results on Thursday, February 6, 2025, at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time). The dial-in numbers are as follows: 800.231.0316 (U.S ...

Financial Data and Key Metrics Changes - Total revenue for fiscal year 2024 increased by 33.1% to approximately $472.8 million [6] - Gross profit for the year was approximately $144.8 million, up from $115.6 million in the prior year, but gross margin percentage decreased to 30.6% from 32.5% [11] - Net loss for the year was approximately $26.7 million, with a loss per share of $8.48, compared to a net loss of approximately $100,000 and a loss per share of $0.03 in fiscal year 2023 [15] - Adjusted EBITDA for the year was approximately $24.5 million, a decrease of approximately $7 million compared to the prior year [16] Business Line Data and Key Metrics Changes - Retail-Entertainment segment revenue decreased by $7.1 million or 9.1% to approximately $71 million due to reduced consumer demand [7] - Retail-Flooring segment revenue increased by $61.1 million or 80.6% to approximately $137 million, primarily due to acquisitions [8] - Flooring Manufacturing segment revenue increased by $15.2 million or 13.8% to approximately $125 million [9] - Steel Manufacturing segment revenue increased by $50.7 million or 57% to approximately $139.6 million, driven by increased revenue from PMW and Central Steel [10] Market Data and Key Metrics Changes - The decrease in revenue in the Retail-Entertainment segment was attributed to a shift in sales mix towards used products, which generally have lower ticket sales prices [8] - Flooring Liquidators faced declining performance due to high interest rates, lingering inflation, and lower consumer confidence affecting the housing market [14] Company Strategy and Development Direction - The company remains confident in its long-term buy, build, hold strategy despite challenging market conditions [20] - The focus is on cost-cutting measures and efficiency studies to address industry-specific economic headwinds [32] - The company is agnostic regarding the industries it targets for acquisitions, focusing on mid-market profitable companies [40] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the adverse impacts of broader economic conditions on the flooring industry and expressed hope for a turnaround in the overall economy [34] - The company is actively working to resolve a financial covenant default related to PMW and is in discussions with creditors [18][60] Other Important Information - General and administrative expenses increased by approximately $31.4 million to $118 million, primarily due to acquisitions [12] - The company ended the year with total cash availability of $33.3 million and working capital of approximately $52.3 million [17] Q&A Session Summary Question: Concerns about revenue growth and expenses - Management is implementing cost-cutting and efficiency measures to improve the cost structure and is confident about future impacts [32][34] Question: Specifics on the increase in general and administrative expenses - The increase is attributed to wages, salaries, and leases related to acquisitions [36] Question: Methodology for finding acquisition targets - The company is agnostic to industry and focuses on mid-market profitable companies, often approached by sellers due to its reputation [40][44] Question: Financial covenant default details - The default was related to a fixed charge covenant breached post-acquisition, and management is working closely with banks to resolve it [60]