LiveOne Inc

-0.04 (-4.52%)
Debt Financing / Related, Other Pre-Announcement, Equity Financing / Related

LiveOne Says Implementing Further Consolidation

Published: 12/20/2021 12:46 GMT
LiveOne Inc (LVO) - Liveone Implementing Further Consolidation and Updates Financial Guidance.
Sees FY Revenue $120 Million to $140 Million.
Plans to Spin-out Its Existing Ppv Business, Ppvone, As a Separate Public Company.
Plan to Distribute a Minority Portion of New Company's Equity to Liveone's Stockholders, Anticipated to Take Place by March 31, 2022.
Expects to Report Positive Adjusted EBITDA* in Q1 Fiscal 2023 Ending June 30, 2022.
Updating Guidance for FY 2022 of Revenue Between $110 Million - $112 Million and for FY 2023 of Revenue Between $120 Million - $140 Million.
FY2022 Revenue View $119.3 Million -- Refinitiv Ibes Data (analyst estimates).
FY2023 Revenue View $141.3 Million -- Refinitiv Ibes Data (analyst estimates).
Continues to Explore Strategic Alternatives With Assistance of Jp Morgan in Order to Enhance Shareholder Value.