Business
LiveToBeHappy Reports Record Third Quarter 2022 Results; 2022 YTD Revenues Increase 129% YoY to $10.1 Million
LiveToBeHappy Reports Record Third Quarter 2022 Results; 2022 YTD Revenues Increase 129% YoY to $10.1 Million.
About this update from Cavu Resources Inc.
[{"type":"text","content":"\n CHARLOTTE, N.C., Nov. 16, 2022 (GLOBE NEWSWIRE) -- LiveToBeHappy, Inc. (OTC: CAVR) (“LTBH” or the “Company”), a vertically integrated lifestyle services company, today announced financial results for the third quarter ended September 30, 2022.   Q3 2022 Highlights Revenues of $4.8 million for Q3 2022, representing an increase of 1,010% year-over-year and 74% sequentiallyRevenues of $10.1 million for the nine months ended September 30, 2022, representing an increase of 129% year-over-yearNet income of $0.6 million in Q3 2022, representing an increase of 132% in compared to Q2 2022Reduced liabilities by 7% since December 31, 2021Launched its commercial real estate and business brokage firm, Monument Real Estate Partners Management Commentary “We delivered another quarter of record financial performance, which validates our core strategy of building lifestyle brands while diversifying our revenue streams and acquiring profitable companies with meaningful revenue,” said Kevin Cox, Chief Executive Officer of LTBH. “As we move into the fourth quarter, we are seeing strong growth in our real estate services and health and wellness businesses and expect that momentum in these segments will continue to build well into 2023. “We continued to develop our core real estate platform during the quarter, recently announcing the launch of our new commercial real estate and business brokage firm Monument Real Estate Partners, based in Charlotte, NC. Looking ahead, we are focused on executing and generating efficiencies across our portfolio of brands. We also continue to build our acquisition pipeline of undervalued assets that we can build into strong lifestyle brands, allowing us to strategically generate value for various consumer-centric sectors. We believe our growing portfolio, revenue and net income are positioning us to build sustainable long-term value for our shareholders and communities,” concluded Cox. Grant Edwards, Chief Financial Officer of LTBH, added, “We continue to see positive results from our efforts to build a strong business model that enabled us to achieve another quarter of stellar operating performance, and we are proud to deliver two quarters of profitability on a net income basis. Our focus on maintaining a revenue mix that is increasingly resilien...