LiveOne Anticipates Strong Revenue Growth and Positive Cash Flow in FY25

LiveOne (LVO)

, a content-first music, entertainment, and technology platform, announced its preliminary unaudited financial results for the fourth quarter and fiscal year ended March 31, 2024 (Q4 Fiscal 2024 and Fiscal 2024, respectively).

Financial Highlights:

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FY24 Revenue:

$118.5 million
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FY24 Adjusted EBITDA:

$14.4 million (excluding $3.5 million CPS division loss)
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Q4 FY24 Revenue:

$30.3 million
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Q4 FY24 Adjusted EBITDA:

$4.3 million (excluding $1.6 million CPS loss)

FY25 Guidance:

LiveOne anticipates continued growth in FY25, with the following guidance:

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Revenue:

$140 million – $155 million
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Adjusted EBITDA:

$16 million – $20 million

Audio Division FY25 Guidance:

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Revenue:

$130 million – $140 million
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Adjusted EBITDA:

$20 million – $25 million
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Positive Cash Flow:

$17 million+

Share Repurchases:

LiveOne has repurchased approximately 4 million shares since the inception of its program, with $5 million remaining dedicated for continued repurchases. The company believes its stock is undervalued.

Other Highlights:

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LVO Anticipates Completing CPS Restructuring:

This is expected to add $3 million in Adjusted EBITDA in FY25.
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Strong Balance Sheet:

LiveOne maintains a cash position of close to $11 million.
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Management Team Optimistic:

CEO Robert Ellin expressed optimism about LiveOne’s future, citing strong growth potential in various areas.

LiveOne will hold a live conference call and audio webcast to discuss these results on May 30, 2024, at 10:00 A.M. ET.