Business
LiveXLive Media Announces Fiscal 2021 Preliminary Results, 12th Consecutive Quarter Of Record Revenue, And Raises Fiscal 2022 Guidance
- Company Raises Guidance for Fiscal 2022 Revenue to $110 - $120 Million with Adjusted Operating Income* of $6 - $12 Million (Not Including Corporate
About this update from Liveone, Inc.
[{"type":"text","content":"- Company Raises Guidance for Fiscal 2022 Revenue to $110 - $120 Million with Adjusted Operating Income* of $6 - $12 Million (Not Including Corporate Overhead)\n - Record Revenue in Fiscal 2021 of $65.2 Million, up 69% year-over-year\n - Record Contribution Margin* in Fiscal 2021 of $16.2 Million, up 177% year-over-year\n - Fiscal 2021 GAAP Loss from Operations was ($29.4) Million, an 18% Improvement\n - Adjusted Operating Loss (\"AOL\")* from Operations was ($0.3) Million in Fiscal 2021, an Improvement of $7.7 Million when Compared to Fiscal 2020 AOL* of ($7.9) Million\n - Revenue Streams Diversified in Fiscal 2021 comprised of 51% Subscription and 49% Advertising, Merchandising, Pay-Per-View Tickets and Events, compared to 93% Subscription and 7% Advertising in Fiscal 2020\n - As Compared to Fiscal 2020, Shareholders' Equity increased by $15.3 Million, Working Capital Increased by $14.4 Million, and Cash Increased by $6.3 Million to $18.8 Million at March 31, 2021. Cash and Cash Equivalents as of June 25, 2021 was Approximately $25 Million\n - For the 4th Quarter ended March 31, 2021 (\"4th Quarter\"), Revenue Increased 113% year-over-year to a record $21.0 Million while Contribution Margin* Increased 108% to a Record $4.6 Million and GAAP Loss from Operations was ($8.8) Million, an 12% Increase from Q4 2020\n - Revenue Streams Diversified in 4th Quarter of Fiscal 2021 comprised of 41% Subscription and 59% Advertising, Merchandising, Pay-Per-View Tickets and Events, compared to 94% Subscription and 6% Advertising in 4th Quarter of Fiscal 2020\n - Paid subscribers as of March 31, 2021 increased 27% to 1,073,000**, a net increase of approximately 225,000 as compared to 848,000 subscribers at March 31, 2020. Monthly average revenue per user was $3.48** for the 4th Quarter of Fiscal 2021. Paid subscribers as of June 15, 2021 increased to over 1,100,000** as to compared to 857,000 a year ago\n\n\nLOS ANGELES, June 28, 2021 /PRNewswire/ -- LiveXLive Media, Inc. (Nasdaq: LIVX) (\"LiveXLive\"), a global platform for live stream and on-demand audio, video and podcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presents and Custom Personalization Solutions (\"CPS\"), announced today record revenue and contribution margin* for its fourth fiscal quarter and year ended March 31, 2021.\n\n \n \n \...