LiveOne

At the Q3 investor summit LiveOne reported a record quarter with $19 million in revenue and over $6 million in EBITDA, reduced headcount from 350 to 80 and cut liabilities by more than $5 million. The company carried out share buybacks of over $7 million and acquired additional stakes in PodcastOne, while advertising is now the largest revenue source and podcasting plus live events are growing. For the full year it expects revenue of $85–90 million and EBITDA of $8–10 million; the stock trades at about 0.5x sales, well below the industry average. » Mere på de.investing.com

LiveOne reported EPS of -$0.65 for the most recent quarter versus -$0.80 a year earlier and revenue of USD 18.9 million (down 1.92% year-over-year). For the fiscal year the company reported EPS of -$1.91 versus -$2.00 the prior year. Annual revenue fell to USD 77.14 million, a decline of 32.58% from USD 114.41 million; analysts had expected USD 77.98 million in revenue and an EPS of -$1.645. » Mere på finanzen.net

LiveOne has agreed to expand its collaboration with AT&T and Cisco to integrate music, playlists and live audio content into vehicles via AT&T’s connected‑car platform. The integration uses AT&T connectivity and Cisco’s multi‑party billing to simplify delivery for automakers. LiveOne will be available in selected connected vehicles as a bundled entertainment option. » Mere på de.investing.com