Business
LiveOne (Nasdaq: LVO) Reports Over $11 Million in Current Cash Position After Repurchasing Approximately 1.3 Million Shares During Fiscal Year 2024
- $ 5.75M Remaining for Discretionary Repurchase of LVO and/or PodcastOne (NASDAQ: PODC) Shares - Anticipates an Additional $2.5 - $5M in Cost Savings After
About this update from Liveone, Inc.
[{"type":"text","content":"- $ 5.75M Remaining for Discretionary Repurchase of LVO and/or PodcastOne (NASDAQ: PODC) Shares - Anticipates an Additional $2.5 - $5M in Cost Savings After Cutting $5M From CPS Division - Expands Celebrity Brands Platform Leveraging the Power of AI Which Revolutionizes the way Talent Connects With Super Fans LOS ANGELES, CA, Feb. 15, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Robert Ellin, Chairman and CEO of LiveOne, commented, “LVO’s AI-driven platform revolutionizes the landscape for artists, influencers, and creators by empowering them to authentically connect brands with their super fans. With LVO’s Celebrity Brands Division algorithms, talent can spotlight products and brands that resonate with their artistic vision.” About LiveOne, Inc. LiveOne, Inc. is an award-winning, creator-first, music, entertainment, and technology platform delivering premium experiences and content worldwide. With subsidiaries like Slacker Radio and PodcastOne, LiveOne has garnered accolades for its innovative approach, including the Best Live Moment award by Digiday for the \"Social Gloves\" PPV Event. Forward-Looking Statements All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company’s reliance on one key customer for a substantial percentage of its revenue; the Company’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or w...