LiveOne’s (Nasdaq: LVO) Q4 Fiscal 2025 Financial Performance Summary
LiveOne, a renowned music, entertainment, and technology platform company, exceeded expectations in various financial metrics for the fourth fiscal quarter of 2025:
– **Audio Division Highlights**:
– **Record Revenue**:
– Achieved a record revenue of $108.9 million for Fiscal 2025, surpassing guidance by $2.9 million.
– **Record Adjusted EBITDA**:
– Reported a record Adjusted EBITDA of $18.2 million for Fiscal 2025, beating guidance by 51% ($6.2 million).
– **Audio Division Adjusted EBITDA**:
– Achieved $4.1 million, driven by improved Contribution Margins and decreased operating expenses.
– **Consolidated Financials**:
– **Consolidated Revenue**:
– Total consolidated revenue for Fiscal 2025 amounted to $114.4 million, exceeding guidance by $2.4 million.
– **Operating Income/Loss**:
– Operating loss for Q4 Fiscal 2025 was ($8.2) million, mainly due to reduced revenue offset by lower operating expenses.
– **Net Loss and Adjusted EBITDA**:
– Net loss for Q4 Fiscal 2025 was ($8.35) million, compared to ($2.65) million in the same quarter a year ago.
– Adjusted EBITDA for Q4 Fiscal 2025 stood at $1.6 million, a decrease from $2.8 million in Q4 Fiscal 2024.
– **Key Metrics in Percentages**:
– **Operating Loss** increased from Q4 Fiscal 2024.
– **Net Loss** widened compared to the same quarter last year.
– **Adjusted EBITDA** decreased by 43% compared to Q4 Fiscal 2024.
– **Future Perspectives**:
– LiveOne’s cost-reduction initiatives have positively impacted profitability and market position.
– The company will discuss its earnings and B2B partnerships, including one with Tesla, in a conference call on June 26, 2025.
– **Non-GAAP Measures**:
– **Contribution Margin**:
– Showed a decline in Q4 Fiscal 2025 compared to the same quarter in the prior year.
– Despite a decrease, the Contribution Margin remained positive.
– **Adjusted EBITDA**:
– A key financial metric that reflects LiveOne’s operating performance.
– **Forward-Looking Statements**:
– LiveOne provided information based on preliminary analysis and noted that actual results may differ, subject to risks and uncertainties.
Despite facing some challenges in operating and net income for Q4 Fiscal 2025, the company remains focused on its dedication to excellence and creator-first approach. Investors will be eagerly awaiting the conference call to gain further insights into LiveOne’s financial performance and strategic partnerships.
### Income Statement Table
All amounts are in thousands
| Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | Year Ended March 31, 2025 | Year Ended March 31, 2024 | |
|---|---|---|---|---|
| Revenue | $19,288 | $30,899 | $114,405 | $118,440 |
| Operating income (loss) | ($8,249) | ($1,161) | ($15,548) | ($4,668) |
| Total other income (expense) | ($339) | ($1,409) | ($2,498) | ($8,525) |
| Net income (loss) | ($8,348) | ($2,645) | ($17,861) | ($13,311) |
| Adjusted EBITDA | $1,592 | $2,785 | $8,922 | $10,977 |
| Net income (loss) per share | ($0.08) | ($0.03) | ($0.17) | ($0.14) |
### Balance Sheet Table
All amounts are in thousands
| March 31, 2025 | March 31, 2024 | |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $4,119 | $6,987 |
| Restricted cash | $30 | $155 |
| Accounts receivable, net | $8,836 | $13,205 |
| Inventories | $1,586 | $1,801 |
| Prepaid expense and others | $1,212 | $2,187 |
| Total Current Assets | $15,783 | $24,335 |
| Property and equipment, net | $1,965 | $3,646 |
| Goodwill | $21,712 | $23,379 |
| Intangible assets, net | $3,340 | $12,415 |
| Other assets | $97 | $88 |
| Total Assets | $42,897 | $63,863 |
| Liabilities | ||
| Accounts payable and accrued liabilities | $25,179 | $26,953 |
| Accrued royalties | $5,490 | $10,862 |
| Notes payable, current portion | $623 | $692 |
| Senior secured line of credit | $2,950 | $7,000 |
| Deferred revenue | $2,141 | $728 |
| Derivative liabilities | $607 | |
| Total Current Liabilities | $36,383 | $46,842 |
| Notes payable, net | $150 | $771 |
| Lease liabilities, noncurrent | $99 | |
| Other long-term liabilities | $12,236 | $9,354 |
| Deferred income taxes | $60 | $339 |
| Total Liabilities | $48,928 | $57,306 |
| Mezzanine Equity | ||
| Redeemable convertible preferred stock | $4,962 | |
| Stockholders’ Equity (Deficit) | ||
| Preferred stock | $14,002 | $18,814 |
| Common stock | $97 | $92 |
| Additional paid in capital | $233,367 | $216,116 |
| Treasury stock | ($250) | ($4,782) |
| Accumulated deficit | ($262,610) | ($238,984) |
| Non-controlling interest | $9,363 | $10,339 |
| Total equity (deficit) | ($6,031) | $1,595 |
