LiveOne Inc. (LVO) Financial Statements (2024 and earlier)

Company Profile

Business Address 269 SOUTH BEVERLY DRIVE
BEVERLY HILLS, CA 90212
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,40912,89418,6355,70213,70410,285
Cash and cash equivalents8,40912,89418,6355,70213,70410,285
Restricted cash and investments2402601006,7002003,700
Receivables13,65813,68710,5673,8894,3142,990
Inventory, net of allowances, customer advances and progress billings2,5962,5992,568   
Inventory2,5962,5992,568   
Prepaid expense100     
Deferred costs  (100)    
Other undisclosed current assets2,7231,9683,4011,4311,3461,744
Total current assets:27,72631,30835,27117,72219,56418,719
Noncurrent Assets
Property, plant and equipment3,3254,6884,3673,3972,720393
Intangible assets, net (including goodwill)34,41440,09945,08732,8709,6725,377
Goodwill23,37923,37922,6199,6729,6725,377
Intangible assets, net (excluding goodwill)11,03516,72022,46823,198  
Other noncurrent assets4237281,044 26,94343,499
Other undisclosed noncurrent assets    127 39
Total noncurrent assets:38,16245,51550,49836,39439,33549,308
TOTAL ASSETS:65,88876,82385,76954,11658,89968,027
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:22,77245,41832,64630,72320,90612,207
Employee-related liabilities1,200    
Accounts payable10,9605,06718,54126,70318,31610,996
Accrued liabilities11,53915,50513,7863,9382,5191,158
Other undisclosed accounts payable and accrued liabilities27323,646319827153
Deferred revenue9921,157  
Debt4,741124,7052,7202,1116,462
Derivative instruments and hedges, liabilities 3,148     
Customer refund liability100     
Deferred revenue and credits1,046
Other undisclosed current liabilities12,72613,53013,61114,35111,1835,967
Total current liabilities:44,47960,11750,96247,79434,20025,682
Noncurrent Liabilities
Long-term debt and lease obligation7,148 7,9236,50510,2843,948
Long-term debt, excluding current maturities7,148 7,9236,50510,2843,948
Liabilities, other than long-term debt10,44713,6503,937   
Deferred income tax liabilities 332   
Due to related parties 13,6503,937   
Other liabilities9,578     
Operating lease, liability 161   
Derivative instruments and hedges, liabilities376     
Other undisclosed noncurrent liabilities 13,97214,8116,9474,952 
Total noncurrent liabilities:17,59527,62226,67113,45215,2363,948
Total liabilities:62,07487,73977,63361,24649,43629,630
Temporary equity, carrying amount4,827     
Equity
Equity, attributable to parent(1,013)(10,916)8,136(7,130)9,46338,397
Preferred stock16,177     
Common stock908377595251
Treasury stock, value(2,162)     
Additional paid in capital209,151202,854178,000120,93298,60589,778
Accumulated deficit(224,269)(213,853)(169,941)(128,121)(89,194)(51,432)
Equity, attributable to noncontrolling interest      
Total equity:(1,013)(10,916)8,136(7,130)9,46338,397
TOTAL LIABILITIES AND EQUITY:65,88876,82385,76954,11658,89968,027

Income Statement (P&L) ($ in thousands)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Revenues99,611117,01965,23038,65933,7017,195
Revenue, net6,459
Cost of revenue(66,782) (200) (31,171)(6,694)
Cost of goods and services sold   (200)   
Other undisclosed gross profit      
Gross profit:32,829117,01965,03038,6592,530501
Operating expenses(33,657)(154,872)(94,600)(74,654)(67,595)(22,072)
Other undisclosed operating income (loss)(1,356) 200 31,1716,694
Operating income (loss):(2,184)(37,853)(29,370)(35,995)(33,894)(14,877)
Nonoperating expense(7,770)(5,876)(12,795)(3,124)(3,650)(4,137)
Other nonoperating income (expense)605(542)(2,312)614(377) 
Interest and debt expense(600)3,800    
Income (loss) from continuing operations before equity method investments, income taxes:(10,554)(39,929)(42,165)(39,119)(37,544)(19,014)
Loss from equity method investments   (42,165)(39,119)(37,544)(23,330)
Other undisclosed income (loss) from continuing operations before income taxes600(3,800)42,16539,11937,54423,330
Income (loss) from continuing operations before income taxes:(9,954)(43,729)(42,165)(39,119)(37,544)(19,014)
Income tax expense (benefit)(65)(183)345192(218)(6)
Other undisclosed income from continuing operations  44,095    
Income (loss) from continuing operations:(10,019)183(41,820)(38,927)(37,762)(19,020)
Income (loss) before gain (loss) on sale of properties:43,912(41,820)(38,927)(37,762)(23,336)
Income (loss) from discontinued operations  43,729   (4,316)
Other undisclosed net loss  (87,824)    
Net income (loss):(10,019)(43,912)(41,820)(38,927)(37,762)(23,336)
Net income (loss) attributable to noncontrolling interest (43,900)(41,800)   
Other undisclosed net income attributable to parent  43,90041,800   
Net income (loss) attributable to parent:(10,019)(43,912)(41,820)(38,927)(37,762)(23,336)
Other undisclosed net loss available to common stockholders, basic      
Net income (loss) available to common stockholders, diluted:(10,019)(43,912)(41,820)(38,927)(37,762)(23,336)

Comprehensive Income ($ in thousands)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Net income (loss):(10,019)(43,912)(41,820)(38,927)(37,762)(23,336)
Comprehensive income (loss):(10,019)(43,912)(41,820)(38,927)(37,762)(23,336)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (43,900)(41,800)   
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(10,019)(87,812)(83,620)(38,927)(37,762)(23,336)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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