STOCKS TELEGRAPH

Tag: LVO stock

  • LiveOne, Inc. (LVO) Stock Plunging Deep in Aftermarket, What’s Going on.

    LiveOne, Inc. (LVO) is a music, entertainment, and tech platform engaged in the delivery of the best content globally via subscriptions and events. Its LiveXLive is available on iOS, Android, Apple TV, Roku, Amazon Fire, and OTT, STIRR, and XUMO platforms.

    The price of LVO stock during the regular trading on February 18, 2022, was $0.89 with a decline of 1.09%. At last check in the aftermarket, the stock further plunged by 16.4%.

    LVO: Events and Happenings

    On February 17, 2022, LVO reported filing Form 424B5 with the SEC.  On the same date, the company announced launching a podcast titled Third Wheel with Jenny Mollen on February 22, 2022. The podcast will feature the author and actress in a dialog with pop-culture couples to discover the essentials of a healthy relationship. On February 16, 2022, LVO reported a licensing and distribution contract with 17LIVE. 17LIVE is a leading international live streaming platform.

    LVO: Key Financials

    On February 10, 2022, LVO released its financial results for the third fiscal quarter 2022 ended December 31, 2021. Some of the key highlights are discussed below.

    Revenue

    Revenue in Q3 2022 was $32.8 million against $19.1 million in the same quarter of 2021. The company observed a gain of $13.7 million in revenue over the year. The company also topped the analysts’ estimates by $7.43 million.

    EPS

    Basic and diluted net loss per share in the third quarter of 2022 was $11.7 million or $0.15 as compared to $8.7 million or $0.12 in the same quarter of 2021. The company observed an increase in net loss over the year. Also, the company topped the analysts’ estimates by $0.02.

    On January 31, 2022, LVO informed that the 73rd installment of its original LiveOne Presents: Rooftop Series franchise was held on the same date. On January 18, 2022, LVO updated the launch of the extension of its music performance and discovery franchise Music Lives ON: Garden Sessions. On January 4, 2022, LVO reported its Executive management’s presence at the Emerging Growth Conference, held virtually on January 5th, 2022.

    Conclusion

    LVO stock downplayed 80% from the past year. The current stock decline in the aftermarket is likely the outcome of the company’s recent filing with the SEC. For the upcoming quarter, the analysts are expecting a revenue of $20.8 million against -$0.13 EPS.

  • LiveOne, Inc. (LVO) stock is experiencing a downfall – What’s happening?

    LiveOne, Inc. (LVO) stock is experiencing a downfall – What’s happening?

    LiveOne, Inc. (LVO) has seen a decrease of 7.90% in aftermarket following the update in SEC filing. However, the last trading session closed at $0.93 with an increase of 3.44%.

    The calendar Year 2021 & Fiscal Year 2022 Operating Metrics– What’s up?

    LVO announced on 19th January 2022 that the company has announced the calendar year 2021 and fiscal year 2022 operating metrics. The company experienced 100 new high-profile sponsors and an increase of the total new LiveOne members to 699,000+.  Moreover, around 2.48 billion podcast downloads were recorded by LiveOne’s wholly-owned subsidiary PodcastOne, setting a new record.

    Not only this but LVO has launched over a hundred new LiveOne radio stations as well. Furthermore, 18 new podcast shows and 15 current shows migrated to the PodcastOne platform. This brings the total number of podcast episodes on the network to 33. Last but not the least, the company has recorded $14 million in cash.

    LVO Launches Music Lives ON: Garden Sessions – What is it?

    On 18th January 2022, LiveOne, Inc. (LVO) reported that it has launched Music Lives ON which is the most recent addition to LiveOne’s music performance and discovery brand. Moreover, Garden Sessions’ major subject is joy, and people love to commemorate joyous moments.

    This has only been possible because of the exclusive sponsorship of the new Volkswagen Taos. To correspond with this, LiveOne will showcase the artists discussing their favorite getaway destinations outside of Los Angeles or New York, reminiscing on tour life experiences, refreshing their thoughts, and having fun. Lastly, there will also be an emphasis on helping the community and how the artists involved contribute to bringing joy to others.

    What’s Next?

    On both a product and brand level, the collaboration with LiveOne to develop the Garden Sessions concert series is a perfect fit. Moreover, the company LVO has the chance to bring some joy to fans by introducing them to the newest SUV in the long series of adaptable and pleasant vehicles. With the dramatic design, clever packaging, and high-end functionality, it’s modest in stature but enormous on value. Lastly, the company is ecstatic to have Taos as the only sponsor of such a broad presentation of new talent.