Live Ventures Reports Disappointing Earnings, Revenue Misses Estimates
May 12, 2023
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Live Ventures ($NASDAQ:LIVE) Inc. recently released their quarterly earnings report, and the results were far from encouraging. The Nevada-based company reported GAAP earnings per share of $0.49, significantly lower than the estimated $1.72. Revenue also fell short of the anticipated $8.88M, coming in at just $91.12M. LIVE VENTURES is a publicly traded company on the NASDAQ Global Select Market, providing marketing and business solutions to a variety of industries. The company’s vision is to create innovative services and products that provide valuable financial and operational solutions to their customers.
Their portfolio includes multiple subsidiaries in industries such as apparel, hospitality, and e-commerce. Despite Live Ventures’ innovative products and services, their reported earnings and revenue failed to meet expectations.
Stock Price
On Thursday, Live Ventures Inc. reported disappointing fourth quarter earnings. The company’s revenue missed analyst estimates, causing its stock price to drop significantly. The disappointing news comes as a surprise to investors, who had previously been optimistic about the company’s performance.
The poor earnings report has had an immediate effect on Live Ventures stock, with investors wondering what the future holds for the company. It remains to be seen if Live Ventures can recover its losses and return to its pre-earnings performance levels. 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 |
| 280.74 | 20.04 | 5.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Live Ventures. More…
| Operations | Investing | Financing |
| 16.59 | -38.25 | 24.39 |
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 |
| 279.1 | 180.72 | 32.38 |
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 |
| 15.5% | 75.1% | 10.6% |
| FCF Margin | ROE | ROA |
| 2.2% | 19.0% | 6.7% |
Analysis
GoodWhale conducted an analysis of LIVE VENTURES‘s financials and determined that it is strong in growth, medium in asset, profitability and weak in dividend. We classified it as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. LIVE VENTURES has a high health score of 8/10 with regard to its cashflows and debt, meaning it is capable of paying off debt and funding future operations. Given the company’s ability to pay off debt, its moderate earnings and revenue growth, and its relatively healthy cashflows and debt, we believe LIVE VENTURES would be attractive to investors seeking moderate, conservative returns. Investment funds, private equity companies, and other institutional investors may be particularly interested in this type of company. 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 Incorporated, is a publicly-traded holding company which owns and operates several businesses. On their latest quarterly earnings report, their reported GAAP EPS of $0.49 missed the analyst expectations by $1.72 and revenue of $91.12M missed by $8.88M. As a result, their stock price dropped the same day.
Thus, investors should exercise caution when investing in Live Ventures as their financial performance is currently not meeting analyst expectations. It is important to consider the past and current performance of the company as well as future trends and developments when investing in Live Ventures.
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