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 ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________ FORM 10-K ________________________________________________ (Mark one) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024 o TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For t ...

Live Ventures Incorporated (NASDAQ:LIVE) Q4 2024 Earnings Conference Call December 12, 2024 5:00 PM ET Company Participants Greg Powell - Director of Investor Relations David Verret - Chief Financial Officer Jon Isaac - President and Chief Executive Officer Conference Call Participants Joseph Kowalsky - JD Investments Operator Welcome to the Live Ventures Fiscal Year 2024 Year-End Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct the question-and-answ ...

Live Ventures Reports Fiscal Year 2024 Financial Results LAS VEGAS, December 12, 2024 -- Live Ventures Incorporated (Nasdaq: LIVE) ("Live Ventures" or the "Company"), a diversified holding company, today announced financial results for its fiscal year ended September 30, 2024. Fiscal Year 2024 Key Highlights: • Revenue increased 33.1% to $472.8 million, compared to $355.2 million in the prior year • Gross profit increased 25.3% to $144.8 million, compared to $115.6 million in the prior year • Net loss was $ ...

LAS VEGAS, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal year ended September 30, 2024.  Fiscal Year 2024 Key Highlights: Revenue increased 33.1% to $472.8 million, compared to $355.2 million in the prior yearGross profit increased 25.3% to $144.8 million, compared to $115.6 million in the prior yearNet loss was $26.7 million and loss per share was $8.48, compared ...

LAS VEGAS, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (NASDAQ: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, will issue its financial results for its fiscal year ended September 30, 2024, before the market opens on Thursday, December 12, 2024. The Company will hold a conference call to discuss the results on Thursday, December 12, 2024, 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.)+1. ...

Live webcast on Wednesday, August 28th at 3:40 PM ET HOUSTON, Aug. 26, 2024 /PRNewswire/ -- Moleculin Biotech, Inc., (Nasdaq: MBRX) ("Moleculin" or the "Company"), a Phase 3 clinical stage pharmaceutical company with a broad portfolio of drug candidates targeting hard-to-treat tumors and viruses, today announced that Walter Klemp, Chairman and Chief Executive Officer of Moleculin will present at LIVE! with Webull Corporate Connect: Healthcare Investment Webinar on Wednesday, August 28, 2024 at 3:40 PM ET. C ...