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]

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 ...

YANGZHOU, China, Aug. 26, 2024 /PRNewswire/ -- Meihua International Medical Technologies Co., Ltd. ("MHUA" or the "Company") (Nasdaq: MHUA), a reputable manufacturer and provider of Class I, II, and III disposable medical devices with operating subsidiaries in China, today announced that Xin "Steven" Wang, Chief Executive Officer of Meihua, will present and discuss recent corporate events at LIVE! with Webull Corporate Connect: Virtual Healthcare Investment Webinar on Wednesday, August 28, 2024, at 3:00 PM ...

LAS VEGAS, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE) ("Live Ventures" or the "Company"), a diversified holding company, today announced financial results for its third fiscal quarter ended June 30, 2024. Fiscal Third Quarter 2024 Key Highlights: Revenue increased 35.4% to $123.9 million, compared to $91.5 million in the prior year period Net loss was $2.9 million and diluted loss per share was $0.91, compared to prior year period net income of $1.1 million and diluted earni ...