From GlobeNewswire: 2024-12-12 08:30:00

Live Ventures Incorporated reported financial results for fiscal year 2024, with revenue up 33.1% to $472.8 million. The net loss was $26.7 million, with an adjusted EBITDA of $24.5 million. Acquisitions in 2023 and 2024 drove revenue growth, but challenging market conditions affected some segments. Cash availability was $33.3 million as of September 30, 2024.

Segment results for FY 2024 showed varying performances. Retail-Entertainment revenue decreased by 9.1%, while Retail-Flooring revenue increased by 80.6%. Flooring Manufacturing revenue increased by 13.8%, and Steel Manufacturing revenue increased by 57.0%. Corporate & Other revenue decreased by 86.6%. Operating income and adjusted EBITDA also varied across segments.

Live Ventures Incorporated uses adjusted EBITDA as a key financial measure. Adjusted EBITDA for FY 2024 was $24.5 million, down 22.3% from the prior year. The company evaluates operational performance using this metric to assess business strength and performance. Adjusted EBITDA should be considered alongside other financial indicators for a comprehensive view of performance.

The Company’s consolidated balance sheet as of September 30, 2024, showed total assets of $407.5 million and stockholders’ equity of $72.9 million. Liabilities totaled $334.7 million, with various long-term debts and obligations. The Company’s strategic focus on value-oriented acquisitions of middle-market companies drives its diversified holding company approach. For more information, visit Live Ventures’ website or contact Greg Powell, Director of Investor Relations.



Read more at GlobeNewswire:: Live Ventures Reports Fiscal Year 2024 Financial Results