Business
LiveWorld Reports First Quarter 2022 Financial Results
LiveWorld Reports First Quarter 2022 Financial Results.
About this update from Liveworld, Inc.
[{"type":"text","content":"\nLiveWorld, Inc. (OTC Markets: LVWD), today announced financial results for the first quarter of 2022. Total revenues were approximately $2.5 million for the first quarter, as compared to the approximately $2.2 million in total revenues reported for the same period in 2021. This was an increase of approximately $227,000 or 10% when compared to the first quarter of 2021.\n\nWe reported a net income for the quarter of approximately $122,000 or 5% of total revenues. This compares to net income of approximately $121,000 or 5% of total revenues reported for the first quarter of 2021.\n\nWe finished the first quarter with approximately $2.9 million in cash and cash equivalents, as compared to the approximately $3.6 million at the end of 2021. The first quarter of the year sees slight delays in cash collections as we renew contracts. We expect to see improvements in our cash in the second quarter.\n\n“In the first quarter we saw solid growth in our revenues and continued operating profits from our healthcare initiatives,” said David Houston, Chief Financial Officer of LiveWorld. “Additionally, we materially increased our sales and marketing efforts to see continued revenue growth in 2022 and 2023. We intend to carry on with these increased efforts for the remainder of 2022.”\n\nDetailed financial information may be downloaded at www.liveworld.com/ir (LiveWorld’s Investor Relations page) or at www.otcmarkets.com.\n\nAbout LiveWorld\n\nLiveWorld is a digital agency specializing in social media and technology solutions that help companies spark emotional conversations, build stronger customer relationships, and drive behavior change. We live at the intersection of bold creative rooted in strategy that inspires, moderation that activates human interactions, and technology that enriches and scales customer experiences. With over 25 years of making connections, our integrated team leverages our social media DNA to deliver emotion driven behavior change through digital campaigns with a human touch. LiveWorld clients include the number one brands in pharmaceuticals, healthcare, and financial-travel services. LiveWorld is headquartered in San Jose, California, with an additional office in New York City.\n\nLearn more at www.liveworld.com and @LiveWorld.\n\n“Safe Harbor\" Statement Under The Private Securitie...