LiveOne (LVO) Reports Q3 Loss, Lags Revenue Estimates

Core Viewpoint - LiveOne reported a quarterly loss of $0.03 per share, consistent with the Zacks Consensus Estimate, and the same loss as the previous year [1] - The company missed revenue expectations, posting$29.45 million, which is a 9.93% shortfall compared to the consensus estimate and a decline from $31.25 million year-over-year [2] Group 1: Financial Performance - LiveOne's quarterly loss was$0.03 per share, matching the Zacks Consensus Estimate, and reflecting no change from the previous year's loss [1] - The company reported revenues of $29.45 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 9.93$31.25 million a year ago [2] - Over the last four quarters, LiveOne has not surpassed consensus EPS estimates and has only topped revenue estimates once [2] Group 2: Stock Performance and Outlook - LiveOne shares have decreased by approximately 19.7% since the beginning of the year, contrasting with the S&P 500's gain of 2.9% [3] - The future performance of LiveOne's stock will largely depend on management's commentary during the earnings call and the earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of$26.43 million, and for the current fiscal year, it is -$0.11 on revenues of$124.79 million [7] Group 3: Industry Context - The Audio Video Production industry, to which LiveOne belongs, is currently ranked in the top 19% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Historical data suggests that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]