Business
LiveWorld Announces Q2 2005 Results: $2.4 Million Revenue, 100% Revenue Growth, 1,490% Profit Growth
LiveWorld Announces Q2 2005 Results: $2.4 Million Revenue, 100% Revenue Growth, 1,490% Profit Growth.
About this update from Liveworld, Inc.
[{"type":"text","content":"Los Gatos, Calif., July 19, 2005 - LiveWorld, Inc. (Pinksheets: LVWD.PK) today announced its Q2 2005 financial results, including substantial revenue and profit growth. \r\n\r\nRevenue: Revenues for Q2 2005 were $2,431,298, representing 100% growth over Q2 2004 revenues of $1,217,323, and 9% growth over Q1 2005 revenues of $2,235,207. \r\n\r\nOrdinary Income: Q2 2005 ordinary income was $373,791, or a $0.0141 EPS, representing 1,766% growth over Q2 2004 ordinary income of $20,030, or a $0.00075 EPS. Q2 2005 Ordinary Income grew 50% over Q1 2005 Ordinary Income of $249,763.\r\n\r\nNet Income: Net Income for Q2 2005 was $381,359, or $0.0143 EPS, representing 1,490% growth over Q2 2004 Net Income of $23,984, or $0.0009 EPS. Q2 2005 Net Income was 20% lower than Q1 2005 Net Income of $476,481 due to a Q1 2005 one time event. (Q1 2005 Net Income included $226,718 in Net Other Income due primarily to the favorable settlement of a legal action regarding collection of money from a prior client.) \r\n\r\nA detailed quarterly financial history for LiveWorld is available at http://www.liveworld.com/company/financials.html \r\n\r\nOn May 10, 2005, the Company announced bookings for 2005 revenue of at least $8.5 Million, representing 63% growth over 2004. (See May 10, 2005 Press Release.) The Company stated today it expects additional revenue growth for the year overall. Q3 and Q4 2005 revenues are expected to be substantially higher than Q3 and Q4 2004 revenues. Q3 and Q4 2005 revenues may each be higher or lower than Q2 2005 revenues, subject to bookings, client seasonality, and other factors. The Company stated that its strategy for the rest of the year is to aggressively invest in the business, including increasing personnel. As such the Company is currently targeting to approximately break even with its financial results for the combination of Q3 and Q4 2005. However the results could be higher or lower than that target. Actual revenue and profit results could vary widely due to many business factors. (See safe harbor statement below.)\r\n\r\nThe company's cash position at end of Q2 2005 was just over $1,150,000.\r\n\r\nAbout LiveWorld, Inc.\r\nLiveWorld (Pinksheets: LVWD.PK, www.liveworld.com) is a leading full service online community agency that creates, operates, and manages loyalty marketing, customer support, and business intellig...