Business
LiveWorld Reports 2024 Financial Results
LiveWorld Reports 2024 Financial Results.
About this update from Liveworld, Inc.
[{"type":"text","content":"\n CAMPBELL, Calif. and NEW YORK , March 25, 2025 (GLOBE NEWSWIRE) -- LiveWorld, Inc. (OTC Markets: LVWD), today announced financial results for the year 2024. Twelve Months 2024 Financial and Business Highlights Total twelve months revenues of $11.3 million, a 1% reduction from 2023Healthcare revenues of $10.2 million in 2024Net income from operations of $69,000Net Cash increased by $1.6 million to $6.2 million from December 31, 2023 Management Commentary “In 2024 our top line revenues were relatively flat compared to 2023 as clients constrained their marketing budgets year-to-year,“ remarked David Houston, Chief Financial Officer of LiveWorld. “We were able to end the year with a positive net income of $69,000 even as we made investments for future growth. While we anticipate continued market uncertainty in 2025, we will continue our investment strategy. These investments may result in losses for the year.” “In 2024, we developed an AI strategic roadmap and significantly increased our investment in this area,\" commented Peter Friedman, Chairman and CEO. “Our AI solutions stand out by seamlessly integrating human expertise — curation, validation, and strategic insight — with advanced machine learning, analytics, and scalable technology.”   “As we move into 2025, we are already delivering AI-powered products and accelerating our investments in this space. We expect our unique blend of AI and human intelligence to be a key driver of our medium- and long-term revenue growth, positioning us at the forefront of innovation and value creation for our investors,” added Mr. Friedman. Financial Review for the Twelve Months Ended December 31, 2024 Total revenues were approximately $11.3 million for the twelve months, as compared to approximately $11.5 million in total revenues reported for the same period in 2023. This was a decrease of approximately $110,000 or 1% when compared to the twelve months of 2023. The company reported a net income for the twelve months of approximately $69,000 or 1% of total revenues. This compares to net income of approximately $214,000 or 4% of total revenues reported for the twelve months of 2023. The company finished the year with approximately $6.6 million in cash and cash equivalents, compared to approximately $4.6 million at the end ...