Live Ventures rporated(US:LIVE)2026-02-12 23:00Financial Data and Key Metrics Changes - Total revenue decreased by approximately $3 million, or 2.7%, to approximately $108.5 million for Q1 2026 compared to $111.5 million in the prior year period [4] - Operating income increased by approximately $2.7 million, or 352.9%, to $3.5 million for Q1 2026 compared to approximately $800,000 in the prior year period [9] - Adjusted EBITDA for Q1 2026 was approximately $7.8 million, an increase of approximately $2 million, or 35.7%, compared to $5.7 million in the prior year period [10] - Net loss for Q1 2026 was approximately $100,000, with a loss per share of $0.02, compared to net income of approximately $500,000 and diluted EPS of $0.16 in the prior year period [10] - Gross profit was approximately $35.4 million for Q1 2026, essentially unchanged compared to the prior year period, but gross margin increased by 90 basis points to 32.6% [8] Business Line Data and Key Metrics Changes - Retail-Flooring segment revenue for Q1 2026 was approximately $25.3 million, down $6.4 million, or 20.2%, compared to $31.7 million in the prior year period [5] - Flooring Manufacturing segment revenue for Q1 2026 was approximately $28.9 million, a decrease of approximately $300,000, or 1.1%, compared to approximately $29.2 million in the prior year period [6] - Steel Manufacturing segment revenue for Q1 2026 was approximately $31.9 million, a decrease of approximately $1.4 million, or 4.3%, compared to approximately $33.3 million in the prior year period [6] Market Data and Key Metrics Changes - The decline in revenue was primarily attributed to a $7.1 million decline in the Retail-Flooring and Steel Manufacturing segments, partially offset by a $4.1 million increase in the Retail-Entertainment and Flooring Manufacturing segments [4] - Retail-Entertainment segment revenue for Q1 2026 was approximately $23.6 million, an increase of approximately $2.3 million, or 11%, compared to $21.3 million in the prior year period [4] Company Strategy and Development Direction - The company is rolling out a comprehensive strategy to integrate AI across business units to modernize operations and improve efficiency [11] - The integration of AI alongside robotics and data analytics aims to reinforce cost discipline that supports the long-term strategy [12] Management's Comments on Operating Environment and Future Outlook - Management noted that the portfolio companies continued to strengthen their operating disciplines and optimize cost structures despite sustained softness in new home construction and home refurbishment markets [3] - The company expressed encouragement regarding the expansion opportunities from new store openings, despite the challenges in the housing market [5] Other Important Information - The company successfully refinanced one of its credit facilities in the steel manufacturing segment, strengthening its balance sheet [3] - Total cash availability at the end of Q1 2026 was $38.7 million, consisting of cash on hand of $15.1 million and availability under various lines of credit of $23.6 million [11] Q&A Session Summary Question: No questions were asked during the Q&A session - There were no questions from participants during the conference call [13]