Financial Data and Key Metrics Changes - The company reported quarterly revenue of $46.9 million, representing a decrease of 10% over the same period last fiscal year [8] - Gross profit for the quarter was $18.6 million, down 5.1% year-over-year, with a gross profit percentage increase to 39.7% [9][10] - Operating income was $2 million compared to $4.1 million in the same period last fiscal year, and net income was $0.473 million compared to $1.9 million [9] - Interest expense decreased to $1.5 million from $1.8 million due to debt paydown and refinancing [12] - As of March 31, 2019, the company reported approximately $3.3 million in cash and $13.9 million in available credit [13] Business Line Data and Key Metrics Changes - ApplianceSmart's operational performance has lagged, but management believes it is beginning to turn around [11] - The company has consolidated underperforming stores, focusing on more profitable out-of-box products [18][19] - Marquis Industries reported a gross profit increase of 15% through Q1 and 17% overall for the first half of the year, with a shift away from low-margin synthetic turf [23][25] Market Data and Key Metrics Changes - The majority of the revenue decline was attributed to ApplianceSmart, which accounted for over 90% of the decrease from $52 million to $46 million [26][27] - The hard surface flooring category for Marquis Industries is up 26% year-over-year, despite tariff challenges [25] Company Strategy and Development Direction - The company aims to focus on a smaller, more profitable business model rather than a larger one with suboptimal performance [20][26] - Management is actively looking for acquisition opportunities while also buying back shares due to the stock trading at a low valuation [30][31] - The company is committed to reducing higher-cost debt, with significant paydowns planned [32] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges posed by tariffs on new appliances but is optimistic about the profitability of out-of-box products [44] - The company is focused on improving margins and operational efficiency, particularly in the ApplianceSmart division [11][18] Other Important Information - The company has reduced total liabilities by approximately $12 million over the past few months [36] - Stockholders' equity increased to $41.2 million, with a book value of $21.59 per common share [13][34] Q&A Session Summary Question: Can you provide insights on ApplianceSmart's turnaround? - Management noted that margins are improving due to a focus on out-of-box products and expense reductions, with store consolidations contributing to optimism [18] Question: How does the company view share buybacks versus acquisitions? - The company is actively buying back shares while also exploring acquisition opportunities, emphasizing efficient capital allocation [30] Question: What is the impact of tariffs on the appliance business? - Management is aware of the tariff impacts and is focusing on out-of-box products, which are more profitable and better positioned for customer demand [44]

Table of Contents 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, 2019 (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) (702) 997-5968 ☐ TRANSITION REPORT PURSUANT TO SECTION 1 ...

Live Ventures, Inc. (NASDAQ:LIVE) Q1 2019 Earnings Conference Call February 13, 2019 4:30 PM ET Company Participants Virland Johnson - Chief Financial Officer Jon Isaac - President and Chief Executive Officer Rodney Spriggs - Chief Executive Officer, Vintage Stock, Inc Operator Good day, everyone, and welcome to today’s Live Ventures Quarterly 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. ...

Table of Contents 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, 2018 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _______________ (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 325 E. War ...