Live Ventures Reports Fiscal Second Quarter 2025 Financial Results

About this update from Live Ventures Incorporated

[{"type":"image","alt":"Live Ventures Incorporated","displaySize":"","headline":null,"caption":"Live Ventures Incorporated","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":78,"url":"https://media.zenfs.com/en/globenewswire.com/58a317b6d9414d4cba8afc204cd153a9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/IFA1uSuTsqlF_MuFiMm0Lg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwOTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/58a317b6d9414d4cba8afc204cd153a9","width":300,"height":78}},"lazy":false},{"type":"text","content":"LAS VEGAS, May 08, 2025 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, today announced financial results for its fiscal second quarter 2025 ended March 31, 2025.","length":243,"tagName":"p"},{"type":"text","content":"Fiscal Second Quarter 2025 Key Highlights:","length":42,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue was $107.0 million, compared to $118.6 million in the prior year period","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating income increased $2.9 million to $2.1 million, compared to an operating loss of $0.8 million in the prior year period","length":127,"tagName":"p"}]},{"val":[{"type":"text","content":"Successfully negotiated a $19 million reduction on the balance owed under the Flooring Liquidators, Inc. (“Flooring Liquidators”) seller note, which, when including the cancellation of accrued interest and other items, resulted in a $22.8 million net gain for Live Ventures","length":273,"tagName":"p"}]},{"val":[{"type":"text","content":"Income before provision for income taxes was $21.1 million, compared to the prior year period loss before benefit from income taxes of $4.5 million. Income before provision for income taxes for the second quarter of 2025 includes the $22.8 million gain as described above","length":271,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA¹ increased $2.0 million to $6.4 million, compared to $4.5 million in the prior year period","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"Repurchased 31,323 shares of the Company’s common stock at an average price of $8.28 per share","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Total assets of $393.6 million and stockholders’ equity ...

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