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This startup is publishing 3,000 AI podcasts a week - on purpose
Yahoo Finance· 2026-02-02 05:37
Opening Bid Unfiltered is available on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Artificial intelligence is having profound impacts on Corporate America. But it’s also beginning to impact how humans create content and interact with it. It’s hard to imagine this impact doesn’t intensify in the years to come as AI becomes more sophisticated. Yahoo Finance Executive Editor Brian Sozzi sits down on the Opening Bid Unfiltered podcast with Inception Point AI co-founder and CEO Jeanine W ...
LiveOne (Nasdaq: LVO) Issues Stockholder Letter
Globenewswire· 2025-10-01 11:45
Core Viewpoint - LiveOne is committed to enhancing stockholder value through strategic initiatives, financial restructuring, and growth opportunities in the music and entertainment industry [1][2]. Financial Position - LiveOne has over $18 million in cash, including $5 million in Bitcoin, which provides a solid foundation for future growth and investment [5]. - The company completed a $10 million common stock equity financing at $7.50 per share, strengthening its balance sheet [8]. - LiveOne reported preliminary Q1 Fiscal 2026 record Adjusted EBITDA of over $1 million, a 348% increase year-over-year, and revenue of over $14.5 million, a 19% increase year-over-year [9]. Recent Key Achievements - Successfully completed a $45 million restructuring initiative, resulting in significant cost savings [2]. - Reduced workforce from over 300 to 95 employees, leveraging AI for efficiency [8]. - Eliminated $14 million in short-term liabilities and repurchased $6.5 million in stock, with $5.5 million remaining in its buyback program [8]. - Acquired 347,000 additional shares of PodcastOne [8]. - Closed six B2B deals generating $50 million in revenue, with 72 potential B2B deals in the pipeline [9]. Strategic Initiatives - LiveOne is exploring strategic options to increase stockholder value, including consolidation, sale, or merger opportunities [9]. - The board approved up to $500 million treasury authorization to expand LiveOne's crypto asset treasury strategy [8]. - The company is expanding its Web3 strategy by tokenizing and monetizing over 10,000 hours of video content on the blockchain [8]. Valuation Opportunity - LiveOne's stock is considered significantly undervalued, trading at approximately 60% of revenues compared to the industry average multiple of 3.3x revenues [13]. - Senior management and board members have committed to purchasing up to $3 million worth of LiveOne shares, reflecting confidence in the company's future prospects [13]. Future Plans - LiveOne recently completed a reverse stock split to maintain its Nasdaq listing and strengthen its market position [12]. - The company intends to continue its aggressive stock buyback program to enhance stockholder value [16]. - LiveOne is increasing live events, with historical events generating significant revenue [16].
X @TechCrunch
TechCrunch· 2025-08-04 13:48
Amazon shuts down Wondery podcast studio, cuts 110 jobs | TechCrunch https://t.co/UUwkt7OL99 ...