LIVE VENTURES Announces FY2023 Q3 Earnings Results for Quarter Ended June 30 2023
August 20, 2023
🌥️Earnings Overview
On August 10 2023, LIVE VENTURES ($NASDAQ:LIVE) reported their earnings results for FY2023 Q3, for the quarter ended June 30 2023. Total revenues amounted to USD 91.5 million, a year-over-year increase of 34.1%. Unfortunately, net income dropped to USD 1.1 million, representing a 69.5% decrease compared to the same quarter from the previous year.
Stock Price
The company’s stock opened at $26.5 on Thursday and closed at the same price, down 4.6% from its previous closing price of $27.8. The shares of LIVE VENTURES have been trending lower since the beginning of the year, but the company is optimistic about their future prospects and is currently exploring various growth opportunities. This strong cash flow allowed LIVE VENTURES to reduce its debt levels and return capital to shareholders in the form of a $3 million special dividend to shareholders during the third quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Live Ventures. More…
| Total Revenues | Net Income | Net Margin |
| 325.4 | 3.83 | 2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Live Ventures. More…
| Operations | Investing | Financing |
| 29.74 | -46.1 | 16.29 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Live Ventures. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 360.17 | 255.96 | 33.07 |
Key Ratios Snapshot
Some of the financial key ratios for Live Ventures are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.5% | 39.2% | 4.5% |
| FCF Margin | ROE | ROA |
| 6.9% | 8.8% | 2.6% |
Analysis
GoodWhale conducted an analysis of LIVE VENTURES‘s fundamentals. Our results from Star Chart show that LIVE VENTURES is strong in growth, medium in asset, profitability and weak in dividend. Its health score is 7/10, indicating that the company is capable of paying off debt and funding future operations. We classify the company as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Given its strengths, we believe that LIVE VENTURES is an attractive investment opportunity for those looking for a steady and reliable source of return. We recommend that investors who are interested in this company conduct their own research and due diligence before investing in LIVE VENTURES. More…
Peers
The competition between Live Ventures Inc and its competitors Banneker Inc, Regal Holding Co Ltd, and Caely Holdings Bhd is fierce. Each company is trying to gain market share and increase profits. Live Ventures Inc has a strong product lineup and a loyal customer base. Banneker Inc has a well-known brand and a large marketing budget. Regal Holding Co Ltd is a large company with a diversified product portfolio. Caely Holdings Bhd is a small company with a niche market.
– Banneker Inc ($OTCPK:BANI)
Headquartered in Hong Kong, Regal Holding Co Ltd is a leading provider of integrated logistics solutions in Greater China. The company offers a comprehensive range of logistics services, including but not limited to, warehousing, transportation, cross-border e-commerce logistics, and value-added services. As of 2022, Regal Holding Co Ltd had a market cap of 815.91M and a return on equity of 10.64%. The company’s strong market position and financial performance are attributable to its focus on providing high-quality logistics services and its commitment to customer satisfaction.
– Regal Holding Co Ltd ($TWSE:4807)
Caely Holdings Bhd is a Malaysia-based company engaged in the provision of information technology (IT) solutions and services. The Company’s segments include IT solutions, which is engaged in the provision of software development, system integration, enterprise resource planning (ERP) and web-based solutions; and IT services, which is engaged in the provision of IT infrastructure, managed services, cloud services and security services. The Company’s products and services include software development, web-based solutions, system integration, enterprise resource planning, IT infrastructure, managed services, cloud services and security services.
Summary
LIVE VENTURES has reported their financial results for the quarter ended June 30 2023, showing total revenue of USD 91.5 million and a 34.1% increase year-on-year. However, net income for the period was USD 1.1 million, representing a 69.5% decrease compared to the same period last year. Despite the growth in revenue, the decreased net income caused the stock price to decline on the same day. Investors should consider the overall financial performance of LIVE VENTURES and factor it into their investment decision.
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