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Live Ventures (LIVE) Q4 FY24 earnings results (fourth quarter fiscal 2024)

10-K filed Dec 19, 2024

Live Ventures (LIVE) reported revenue of $113M for the fourth quarter fiscal 2024 (Q4 FY24), +9% from a year earlier and -9% from the quarter before. Operating margin was -15.5%, net loss $19.9M (17.6% of revenue).

Revenue$113M
Year over year+9%
Quarter over quarter-9%
Operating margin-15.5%
Net earnings−$19.9M

Live Ventures, Q4 FY24: revenue $113M (+9% year over year), operating margin -15.5%, net loss $19.9M, operating cash flow $6.7M. The chart follows the revenue to costs, profit and cash.

Q4 FY24AmountQ/QY/Y
Revenue$113M-9%+9%
Operating profit−$17.5M——
Net earnings−$19.9M——
Operating cash flow$6.7M-43%—
Free cash flow$3.3M-68%—

What changed

Revenue was $112.7M in Q4 FY24, up 9% year over year and down 9% from the previous quarter. Retail-Flooring was the largest line at 30% of revenue.

Gross margin was 31.9%, up 3.1 points from a year earlier. Operating costs exceeded revenue by $17.5M, an operating margin of -15.5%. Operating expenses grew 81% against revenue growth of 9%. The fastest-growing cost line was Sales & marketing (+52%). The quarter ended with a net loss of $19.9M, wider than the previous quarter's $2.9M loss.

Operating cash flow was $6.7M. Non-cash charges added back $4.4M of depreciation and amortization and $51K of share-based compensation. Working capital and other items added $22.2M. Capital expenditures of $3.5M left free cash flow of $3.3M.

Questions

What was Live Ventures' revenue in the fourth quarter fiscal 2024?

Live Ventures (LIVE) reported revenue of $113M for the fourth quarter fiscal 2024 (Q4 FY24), +9% from a year earlier and -9% from the quarter before.

Was Live Ventures profitable in the fourth quarter fiscal 2024?

Operating loss was $17.5M (-15.5% of revenue) and net loss $19.9M.

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Source: Live Ventures 10-K on SEC EDGAR.