Live Ventures Incorporated (NASDAQ:LIVE) Q4 2023 Earnings Conference Call December 20, 2023 5:00 PM ET Company Participants Greg Powell - Director, Investor Relations Jon Isaac - Chief Executive Officer and President David Verret - Chief Financial Officer Eric Althofer - Chief Operating Officer Conference Call Participants Theodore O’Neill - Litchfield Hills Research Operator Good day, everyone and welcome to today’s Live Ventures Incorporated Earnings Call. [Operator Instructions] Please note, this call is ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Nevada 85-0206668 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 325 E. Warm Springs Road, Suite 102 Las Vegas, Nevada 89119 (Address of principal executive offices) (Zip Code) For the quarterly period ended June 30, 2023 o TRANSITION ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _______________ Commission File Number 001-33937 Live Ventures Incorporated (Exact name of registrant as specified in its charter) Nevada 85-020 ...

Financial Data and Key Metrics Changes - Total revenue for the first quarter decreased to $69 million, down 8.2% from $75.2 million in the prior year period [53] - Net income for the quarter was $1.8 million, compared to $6.5 million in the prior year period, with diluted EPS at $0.60 per share, down from $2.04 [40] - Adjusted EBITDA for the first quarter was $7.5 million, a decrease of approximately $4.6 million compared to the prior year period [40] - Total assets increased to $279.1 million from $278.6 million as of September 30, 2022, while stockholders' equity rose to $98.4 million, an increase of $1.2 million [42] Business Line Data and Key Metrics Changes - Flooring manufacturing revenues decreased by approximately $6.4 million or 19.6% to $26.4 million, primarily due to reduced demand from economic conditions [35] - Steel manufacturing revenues increased by approximately $5.6 million or 45.4% to $18 million, mainly due to the acquisition of Kinetic [36] - Retail revenues decreased by approximately $2.9 million or 11.2% to $23.3 million, attributed to reduced demand due to inflation and supply chain issues [54] - Gross profit margin for flooring manufacturing decreased to 17.6% from 27.5% in the prior year, while steel manufacturing gross profit margin decreased to 24.4% from 29.2% [37][56] Market Data and Key Metrics Changes - The company noted macroeconomic headwinds affecting various segments, particularly in flooring manufacturing due to the housing market and increased interest rates [5][61] - The retail segment experienced reduced demand attributed to inflationary pressures and supply chain issues [54] Company Strategy and Development Direction - The company continues to execute its multi-level buy-build-hold strategic plan to maximize stockholder value, highlighted by the acquisition of Flooring Liquidators [32] - The acquisition is expected to add a significant new revenue stream of approximately $125 million per year [52] - The company is focused on investing further in acquisitions and maintaining a low level of leverage while pursuing growth opportunities [41][61] Management's Comments on Operating Environment and Future Outlook - Management acknowledged significant macroeconomic headwinds but expressed confidence in the company's ability to deploy capital effectively to create long-term stockholder value [61] - The company expects revenues from Flooring Liquidators to flow in the next quarter, with a high-level revenue expectation of around $125 million [72] Other Important Information - General and administrative expenses increased by 3.1% to approximately $14.6 million, primarily due to the acquisition of Kinetic [38] - The company repurchased 24,710 shares of common stock during the quarter, reflecting its commitment to stockholder value [32][66] Q&A Session Summary Question: What is the expected revenue flow from Flooring Liquidators? - Management indicated that revenues from Flooring Liquidators are expected to start flowing in the next quarter, with an estimated annual revenue of around $125 million [72] Question: Is there any seasonality in the steel manufacturing segment? - Management stated that there is moderate seasonality in the steel segment, but it is not significant [73] Question: How does the company view the current inflationary pressures? - Management noted that inflationary pressures are impacting the retail and flooring segments, but they believe it will take time for these pressures to abate and for margins to improve [68]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Live Ventures Incorporated (Exact name of registrant as specified in its charter) Nevada 85-0206668 (State or other jurisdiction of incorporation or organization) (IRS Employer Identificati ...

Live Ventures Incorporated (NASDAQ:LIVE) Q4 2022 Earnings Conference Call December 15, 2022 5:00 PM ET Company Participants Greg Powell - Director of Investor Relations Jon Isaac - President and Chief Executive Officer David Verret - Chief Financial Officer Eric Althofer - Chief Operating Officer Conference Call Participants Theodore R. O’Neill - Litchfield Hills Research Joseph Kowalsky - Upstream Investment Partners, LLC Operator Good day, everyone, and welcome to today's Live Ventures Incorporated Earnin ...

Live Ventures Incorporated (NASDAQ:LIVE) Q3 2022 Earnings Conference Call August 11, 2022 5:00 PM ET Company Participants Greg Powell - Director of Investor Relations David Verret - Chief Financial Officer Jon Isaac - President and Chief Executive Officer Eric Althofer - Chief Operating Officer Conference Call Participants Joseph Kowalsky - Upstream Investment Partners, LLC Operator Good day, everyone, and welcome to today's Live Ventures Incorporated Third Quarter Earnings Call. At this time, all participa ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _______________ Commission File Number 001-33937 Live Ventures Incorporated (Exact name of registrant as specified in its charter) Nevada 85-0206 ...

For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _______________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33937 Live Ventures Incorporated (Exact name of registrant as specified in its charter) Nevada 85-020 ...

Live Ventures Incorporated (NASDAQ:LIVE) Q1 2022 Earnings Conference Call February 10, 2022 5:00 PM ET Company Participants Jon Isaac - CEO David Verret - CAO Eric Althofer - COO Conference Call Participants Operator Good day, everyone. And welcome to today's Live Ventures Incorporated Earnings Call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. Please note today's call maybe recorded. [Operator Instruc ...