The chart below shows how LIVE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LIVE sees a +3.20% change in stock price 10 days leading up to the earnings, and a +1.68% change 10 days following the report. On the earnings day itself, the stock moves by -2.26%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Retail Entertainment Revenue Growth: Retail entertainment revenue increased by $700,000 or 3.3% compared to the prior year period, reaching approximately $21,300,000 due to an increase in the number of stores from 70 to 73.
Gross Margin Improvement: Gross margin percentage improved to 31.7% from 30.9% in the prior year period, driven by increased margins in the retail entertainment and steel manufacturing segments.
Net Income Improvement: Net income for the quarter was approximately $500,000, a significant improvement from a net loss of approximately $700,000 in the prior year period, primarily due to a $2,800,000 gain on the settlement of the earn out liability.
Strong Liquidity Position: Total cash availability at the end of the quarter was $31,100,000, consisting of cash on hand of $7,400,000 and $23,700,000 available under various lines of credit, indicating strong liquidity.
Share Repurchase Strategy: During the quarter, approximately 15,700 shares of common stock were repurchased as part of the capital allocation strategy, reflecting a commitment to enhancing shareholder value.
Negative
Quarterly Revenue Decline: Total revenue for the quarter decreased 5.2% to approximately $111,500,000, primarily due to declines in the Flooring Manufacturing, Retail Flooring, and Steel Manufacturing segments, which collectively decreased by approximately $6,700,000.
Retail Flooring Revenue Decline: Retail flooring segment revenue decreased $2,600,000 or 7.5% compared to the prior year period, attributed to reduced demand in the flooring industry.
Flooring Revenue Decline: Flooring manufacturing segment revenue decreased $3,200,000 or 11.1% compared to the prior year period, also due to reduced demand in the flooring industry.
Decline in Adjusted EBITDA: Adjusted EBITDA for the quarter was approximately $5,700,000, a decrease of approximately $3,000,000 compared to the prior year period, indicating a significant decline in operational profitability.
Increased Administrative Expenses: General and administrative expense increased approximately $2,400,000 to $30,100,000, primarily due to increased compensation and other expenses in the retail flooring segment, further straining financial performance.
Earnings call transcript: Live Ventures Q4 2024 sees EPS improvement
LIVE.O
6.44%