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Earnings Call Summary | Live Ventures(LIVE.US) Q1 2024 Earnings Conference

moomoo AI ·  Feb 9 01:44  · Conference Call

The following is a summary of the Live Ventures Incorporated (LIVE) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Live Ventures reported Q1 revenue of $117.6 million, a 70.5% increase, primarily due to acquisitions and an increase in the flooring manufacturing segment.

  • Gross profit rose to $36.3 million from the prior year's $21.9 million, but the gross margin decreased to 30.9% from 31.8%.

  • General and administrative expenses increased by $13.1 million due to the Flooring Liquidators and PMW acquisitions.

  • The company reported a net loss of approximately $700,000, with a loss per share of $0.22.

  • Adjusted EBITDA for Q1 was approximately $8.7 million, an increase of 15.3% compared to the prior year.

Business Progress:

  • Live Ventures completed two acquisitions, Flooring Liquidators, and PMW, and added 10 new showrooms across three states.

  • Total assets stood at $436.6 million with total stockholders' equity at $99.4 million as of the end of December.

  • The company repurchased 4,346 shares of common stock at an average price of $24.51 per share, and has $3.2 million available for further repurchases under the program.

More details: Live Ventures IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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