India’s jewellery market is facing a slowdown in growth due to rising gold prices. Rating agency Icra predicts that value growth will moderate to 6-8% in FY25, down from 18% in the previous year. Consumers are postponing big-ticket purchases due to the price increase, leading to a decline in volume growth. Despite the subdued demand, large organized retailers are expected to continue expanding their store networks.
**LiveOne (LVO)** had a strong year with subscription and sponsorship revenue growth. The company anticipates further revenue growth in FY25, with a focus on its Audio Division and share buybacks. Here’s a summary of the key highlights:
– FY24 Revenue: $118.5M, Adjusted EBITDA: $14.4M
– Q4 FY24 Revenue: $30.3M, Adjusted EBITDA: $4.3M
– FY25 Revenue Guidance: $140M-$155M, Adjusted EBITDA: $16M-$20M
– Audio Division FY25 Guidance: Revenue: $130M-$140M, Adjusted EBITDA: $20M-$25M, Positive Cash Flow: $17M+
– Shared Repurchased: ~4M, $5M Remaining for Continued Repurchases
– Current Cash Position: $10.6M
LiveOne believes its stock is undervalued and will continue to focus on delivering results for shareholders.
