LiveOne, Inc. Files 10-Q for Period Ending December 31, 2023
Ticker: LVO · Form: 10-Q · Filed: Feb 13, 2024 · CIK: 1491419
Sentiment: neutral
Topics: LiveOne, 10-Q, Financial Report, Quarterly Results, SEC Filing
TL;DR
<b>LiveOne, Inc. has filed its quarterly report (10-Q) for the period ending December 31, 2023, providing an update on its financial performance.</b>
AI Summary
LiveOne, Inc. (LVO) filed a Quarterly Report (10-Q) with the SEC on February 13, 2024. LiveOne, Inc. reported financial results for the nine months ended December 31, 2023. The company's fiscal year ends on March 31st. The filing is a Form 10-Q, indicating a quarterly report. The previous company name was LiveXLive Media, Inc. The filing was submitted on February 13, 2024.
Why It Matters
For investors and stakeholders tracking LiveOne, Inc., this filing contains several important signals. This filing provides investors with the latest financial data for LiveOne, Inc., crucial for understanding the company's current operational and financial health. As a 10-Q filing, it offers a timely snapshot of the company's performance between its annual reports, highlighting trends and potential shifts in its business.
Risk Assessment
Risk Level: low — LiveOne, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags or significant negative financial disclosures that would indicate high risk.
Analyst Insight
Monitor future 10-Q filings for revenue trends, profitability, and cash flow to assess the company's growth trajectory and financial stability.
Key Numbers
- 2023-12-31 — Report Period End Date (Conformed period of report)
- 2024-02-13 — Filing Date (Filed as of date)
- 03-31 — Fiscal Year End (Fiscal year end)
- 93 — Public Document Count (Number of documents in the filing)
Key Players & Entities
- LiveOne, Inc. (company) — Filer
- LiveXLive Media, Inc. (company) — Former company name
- LOTON, CORP (company) — Former company name
- 9200 SUNSET BOULEVARD (location) — Business and mailing address
- WEST HOLLYWOOD (location) — City for business and mailing address
- DE (location) — State of incorporation
FAQ
When did LiveOne, Inc. file this 10-Q?
LiveOne, Inc. filed this Quarterly Report (10-Q) with the SEC on February 13, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by LiveOne, Inc. (LVO).
Where can I read the original 10-Q filing from LiveOne, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by LiveOne, Inc..
What are the key takeaways from LiveOne, Inc.'s 10-Q?
LiveOne, Inc. filed this 10-Q on February 13, 2024. Key takeaways: LiveOne, Inc. reported financial results for the nine months ended December 31, 2023.. The company's fiscal year ends on March 31st.. The filing is a Form 10-Q, indicating a quarterly report..
Is LiveOne, Inc. a risky investment based on this filing?
Based on this 10-Q, LiveOne, Inc. presents a relatively low-risk profile. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags or significant negative financial disclosures that would indicate high risk.
What should investors do after reading LiveOne, Inc.'s 10-Q?
Monitor future 10-Q filings for revenue trends, profitability, and cash flow to assess the company's growth trajectory and financial stability. The overall sentiment from this filing is neutral.
How does LiveOne, Inc. compare to its industry peers?
LiveOne, Inc. operates in the digital media and entertainment sector, focusing on streaming and social media platforms.
Are there regulatory concerns for LiveOne, Inc.?
The company is subject to standard SEC reporting requirements for publicly traded companies, including the filing of quarterly (10-Q) and annual (10-K) reports.
Industry Context
LiveOne, Inc. operates in the digital media and entertainment sector, focusing on streaming and social media platforms.
Regulatory Implications
The company is subject to standard SEC reporting requirements for publicly traded companies, including the filing of quarterly (10-Q) and annual (10-K) reports.
What Investors Should Do
- Review the full 10-Q filing for detailed financial statements and management discussion.
- Analyze revenue streams and cost structures to understand profitability drivers.
- Assess any changes in debt, equity, or cash position compared to previous periods.
Key Dates
- 2023-12-31: Quarterly Period End — End date for the financial reporting period covered by the 10-Q.
- 2024-02-13: Filing Date — Date the 10-Q report was officially filed with the SEC.
Year-Over-Year Comparison
This is the first 10-Q filing for the fiscal year ending March 31, 2024, covering the third quarter. Previous filings would cover earlier periods.
Filing Stats: 4,742 words · 19 min read · ~16 pages · Grade level 17.8 · Accepted 2024-02-12 18:43:47
Key Financial Figures
- $0.001 — e on which registered Common stock, $0.001 par value per share LVO The NASDAQ
Filing Documents
- lvo20231231_10q.htm (10-Q) — 2345KB
- ex_613067.htm (EX-31.1) — 13KB
- ex_613068.htm (EX-31.2) — 13KB
- ex_613069.htm (EX-32.1) — 5KB
- ex_613070.htm (EX-32.2) — 5KB
- 0001437749-24-003800.txt ( ) — 9394KB
- lvo-20231231.xsd (EX-101.SCH) — 74KB
- lvo-20231231_cal.xml (EX-101.CAL) — 56KB
- lvo-20231231_def.xml (EX-101.DEF) — 590KB
- lvo-20231231_lab.xml (EX-101.LAB) — 463KB
- lvo-20231231_pre.xml (EX-101.PRE) — 617KB
- lvo20231231_10q_htm.xml (XML) — 1409KB
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION 1 Item 1.
Financial Statements
Financial Statements 1 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 2 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 21 Item 4.
Controls and Procedures
Controls and Procedures 21
— OTHER INFORMATION
PART II — OTHER INFORMATION 23 Item 1.
Legal Proceedings
Legal Proceedings 23 Item 1A.
Risk Factors
Risk Factors 23 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29 Item 3. Defaults Upon Senior Securities 29 Item 4. Mine Safety Disclosures 29 Item 5. Other Information 29 Item 6. Exhibits 30
Signatures
Signatures 32 i Table of Contents
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. Page Condensed Consolidated Balance Sheets as of December 31, 2023 (unaudited) and March 31, 2023 (audited) F-1 Condensed Consolidated Statements of Operations for the three and nine months ended December 31, 2023 and 2022 (unaudited) F-2 Condensed Consolidated Statements of Stockholders' Equity (Deficit) and Mezzanine Equity for the three and nine months ended December 31, 2023 and 2022 (unaudited) F-3 Condensed Consolidated Statements of Cash Flows for the nine months ended December 31, 2023 and 2022 (unaudited) F-4 Notes to the Condensed Consolidated Financial Statements (unaudited) F-5 1 Table of Contents LiveOne, Inc. (formerly LiveXLive Media, Inc.) Condensed Consolidated Balance Sheets (Unaudited, in thousands, except share and per share amounts) December 31, March 31, 2023 2023 (Audited) Assets Current Assets Cash and cash equivalents $ 6,248 $ 8,409 Restricted cash 205 240 Accounts receivable, net 16,057 13,658 Inventories 2,092 2,596 Prepaid expense and other current assets 1,557 2,823 Total Current Assets 26,159 27,726 Property and equipment, net 3,634 3,325 Goodwill 23,379 23,379 Intangible assets, net 12,536 11,035 Other assets 122 423 Total Assets $ 65,830 $ 65,888 Liabilities, Mezzanine Equity and Stockholders' Equity (Deficit) Current Liabilities Accounts payable and accrued liabilities $ 23,748 $ 22,772 Accrued royalties 15,453 12,826 Notes payable, current portion 694 15 Deferred revenue 788 992 Senior secured line of credit 7,000 - Bridge loan - 4,726 Derivative liabilities - 3,148 Total Current Liabilities 47,683 44,479 Senior secured line of credit - 7,000 Notes payable, net 941 148 Lease liabilities, noncurrent - 161 Derivative liabilities, noncurrent 279 376 Other long-term liabilities 7,406 9,578 Deferred income taxes 332 332 Total Liabilities 56,641 62,074 Commitments and Conting