Live Ventures Inc. Files Q1 2025 10-Q Report

TL;DR

LIVE Ventures 10-Q filed. Financials for Q1 2025 are in. Check it out.

AI Summary

Live Ventures Inc. filed its 10-Q for the period ending December 31, 2024. The filing details the company's financial performance and position. Key financial data and operational aspects are presented within this report.

Why It Matters

This filing provides investors and analysts with the latest financial snapshot of Live Ventures Inc., crucial for understanding its current performance and making informed investment decisions.

Risk Assessment

Risk Level: medium — As a publicly traded company filing regular reports, Live Ventures Inc. carries inherent market risks, and the specific financial details within this 10-Q could reveal performance-related concerns.

Key Numbers

• 2024-12-31 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 2025-02-07 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)

Key Players & Entities

• LIVE VENTURES Inc (company) — Filer of the 10-Q report
• 2024-12-31 (date) — End of the reporting period
• 2025-02-07 (date) — Filing date of the 10-Q
• NV (location) — State of incorporation
• Las Vegas (location) — City of business and mailing address

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value per share LIVE The Nasdaq Sto
• $000 — ies assumed as of December 31, 2024 (in $000's): Total purchase price $ 1,000 Acc

Filing Documents

• live-20241231.htm (10-Q) — 1224KB
• a10134_vintagestock-firstm.htm (EX-10.134) — 164KB
• a10135_stanley-lockexlivex.htm (EX-10.135) — 89KB
• a10136_nineteenthamendment.htm (EX-10.136) — 122KB
• a10137_icgpmwnotex020425.htm (EX-10.137) — 78KB
• live-20241231xexx311.htm (EX-31.1) — 10KB
• live-20241231xexx312.htm (EX-31.2) — 10KB
• live-20241231xexx321.htm (EX-32.1) — 6KB
• live-20241231xexx322.htm (EX-32.2) — 6KB
• image_0a.jpg (GRAPHIC) — 0KB
• image_3b.jpg (GRAPHIC) — 0KB
• image_8a.jpg (GRAPHIC) — 0KB
• image_9a.jpg (GRAPHIC) — 0KB
• 0001628280-25-004417.txt ( ) — 9410KB
• live-20241231.xsd (EX-101.SCH) — 69KB
• live-20241231_cal.xml (EX-101.CAL) — 110KB
• live-20241231_def.xml (EX-101.DEF) — 444KB
• live-20241231_lab.xml (EX-101.LAB) — 765KB
• live-20241231_pre.xml (EX-101.PRE) — 639KB
• live-20241231_htm.xml (XML) — 1158KB

Financial Statements

Financial Statements 3 Condensed Consolidated Balance Sheets as of December 31, 202 4 (Unaudited) and September 30, 202 4 3 Condensed Consolidated Statements of Income (Loss) (Unaudited) for the Three Months Ended December 31, 202 4 and 202 3 4 Condensed Consolidated Statements of Cash Flows (Unaudited) for the Three Months Ended December 31, 202 4 and 202 3 5 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) for the Three Months Ended December 31, 202 4 and 202 3 6 Notes to the Condensed Consolidated Financial Statements (Unaudited) 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 37 Item 4.

Controls and Procedures

Controls and Procedures 38 PART II OTHER INFORMATION 39 Item 1.

Legal Proceedings

Legal Proceedings 39 Item 1A.

Risk Factors

Risk Factors 39 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 3. Defaults upon Senior Securities 39 Item 4. Mine Safety Disclosures 39 Item 5. Other Information 39 Item 6. Exhibits 40

SIGNATURES

SIGNATURES 42 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements LIVE VENTURES INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (dollars in thousands, except per-share amounts) December 31, 2024 September 30, 2024 (Unaudited) Assets Cash $ 7,407 $ 4,601 Trade receivables, net of allowance for doubtful accounts of $ 1.4 million at December 31, 2024 and $ 1.5 million at September 30, 2024 38,040 46,861 Inventories, net 123,389 126,350 Prepaid expenses and other current assets 3,594 4,123 Total current assets 172,430 181,935 Property and equipment, net 81,527 82,869 Right of use asset - operating leases 55,113 55,701 Deposits and other assets 1,455 787 Intangible assets, net 23,847 25,103 Goodwill 61,152 61,152 Total assets $ 395,524 $ 407,547 Liabilities and Stockholders' Equity Liabilities: Accounts payable $ 28,478 $ 31,002 Accrued liabilities 30,548 31,740 Income taxes payable 1,483 948 Current portion of lease obligations - operating leases 13,219 12,885 Current portion of lease obligations - finance leases 467 368 Current portion of long-term debt 39,595 43,816 Current portion of notes payable related parties 7,670 6,400 Seller notes - related parties — 2,500 Total current liabilities 121,460 129,659 Long-term debt, net of current portion 54,339 54,994 Lease obligation long term - operating leases 46,566 50,111 Lease obligation long term - finance leases 42,200 41,677 Notes payable related parties, net of current portion 6,871 4,934 Seller notes - related parties 41,119 40,361 Deferred tax liability, net 5,812 6,267 Other non-current obligations 3,882 6,655 Total liabilities 322,249 334,658 Commitments and contingencies Stockholders' equity: Series E convertible preferred stock, $ 0.001 par value, 200,000 shares authorized, 47,840 shares issued and outstanding at December 31, 2024 and September 30, 2024, with a liquidation preference of $ 0.30 per share outstanding — — Common stock, $ 0.001 par value, 10,000,000 shares authorized, 3,115,674 and 3,131

View Full Filing

View this 10-Q filing on SEC EDGAR