From GlobeNewswire: 2025-02-06 08:30:00

Live Ventures Incorporated reported financial results for the fiscal first quarter of 2025, ending December 31, 2024. Revenue was $111.5 million, with net income of $0.5 million. Adjusted EBITDA was $5.7 million. The Retail-Entertainment and Steel Manufacturing segments saw improved performance, while the Retail-Flooring and Flooring Manufacturing segments were impacted by industry-specific challenges.

Revenue decreased by 5.2% to $111.5 million, with operating income at $0.8 million for the quarter ended December 31, 2024. Net income was $0.5 million, with diluted EPS at $0.16. Adjusted EBITDA was $5.7 million, a decrease of 33.9% from the prior year period. The company had total cash availability of $31.1 million.

Segment results for the first quarter of 2025 showed varying performance. Retail-Entertainment revenue increased by 3.3%, while Retail-Flooring revenue decreased by 7.5%. Flooring Manufacturing revenue decreased by 11.1%, and Steel Manufacturing revenue decreased by 2.8%. Corporate and Other revenue decreased by 36.0%.

Live Ventures Incorporated uses Adjusted EBITDA as a key financial measure, defined as net income before certain expenses. Adjusted EBITDA for the quarter ended December 31, 2024, was $5.7 million. The company focuses on value-oriented acquisitions of domestic middle-market companies and aims to build increased stockholder value through a disciplined long-term strategy.

The company’s consolidated balance sheet as of December 31, 2024, showed total assets of $395.5 million and stockholders’ equity of $73.3 million. Revenue for the quarter was $111.5 million, with a gross profit of $35.4 million. Operating income was $0.8 million, with net income at $0.5 million. The company continues to focus on operational improvements and addressing challenges in specific segments.



Read more at GlobeNewswire:: Live Ventures Reports Fiscal First Quarter 2025 Financial