LiveOne, Inc. Files 2024 10-K: Assets $88.6M, Liabilities $87.4M
Ticker: LVO · Form: 10-K · Filed: Jul 1, 2024 · CIK: 1491419
Sentiment: neutral
Topics: 10-K, financials, company-name-change
TL;DR
LiveOne's 2024 10-K shows $88.6M assets vs $87.4M liabilities. Tight margins.
AI Summary
LiveOne, Inc. filed its 10-K for the fiscal year ending March 31, 2024, reporting total assets of $88.6 million and total liabilities of $87.4 million. The company's revenue for the period was not explicitly stated in the provided snippet, but it detailed various financial line items. LiveOne, Inc. was formerly known as LiveXLive Media, Inc. and LOTON, CORP.
Why It Matters
This filing provides a comprehensive overview of LiveOne, Inc.'s financial health and operational status for the fiscal year 2024, crucial for investors assessing the company's performance and future prospects.
Risk Assessment
Risk Level: medium — The company has a significant amount of liabilities relative to its assets, indicating potential financial strain.
Key Numbers
- $88.6M — Total Assets (As of March 31, 2024)
- $87.4M — Total Liabilities (As of March 31, 2024)
- 03-31 — Fiscal Year End (Reporting period)
Key Players & Entities
- LiveOne, Inc. (company) — Filer of the 10-K
- March 31, 2024 (date) — Fiscal year end
- $88.6 million (dollar_amount) — Total assets
- $87.4 million (dollar_amount) — Total liabilities
- LiveXLive Media, Inc. (company) — Former company name
- LOTON, CORP (company) — Former company name
FAQ
What was LiveOne, Inc.'s net income or loss for the fiscal year ending March 31, 2024?
The provided snippet does not explicitly state the net income or loss for the fiscal year ending March 31, 2024.
What is the company's primary business activity as per the SIC code?
The company's Standard Industrial Classification (SIC) code is 5812, which corresponds to RETAIL-EATING PLACES.
What were the company's cash and cash equivalents as of March 31, 2024?
The filing indicates cash and cash equivalents of $10,019 as of March 31, 2024.
What is the company's address?
The business and mailing address for LiveOne, Inc. is 269 SOUTH BEVERLY DRIVE, SUITE 1450, BEVERLY HILLS, CA 90212.
When did the company change its name from LiveXLive Media, Inc.?
The company changed its name from LiveXLive Media, Inc. on August 8, 2017.
Filing Stats: 4,424 words · 18 min read · ~15 pages · Grade level 14.4 · Accepted 2024-07-01 16:31:20
Key Financial Figures
- $0.001 — ange on which registered Common stock, $0.001 par value per share LVO The NASDAQ
- $28.6 billion — at recorded music revenues increased to $28.6 billion in 2023, up 10.0% year over year. We be
- $80 billion — ecorded music revenues will increase to $80 billion. Our addressable market includes stream
- $30 billion — live music industry revenues to grow to $30 billion by 2025. Festivals, which is where our
- $3.5 billion — oods and is estimated to be larger than $3.5 billion since 2018. 4 Table of Contents Dig
- $19.3 billion — revenue. In 2023, streaming revenue was $19.3 billion or approximately 67% of global music sa
- $2.8 billion — ated that podcast advertising spend was $2.8 billion in 2023 and is slated to reach $3.3 bil
- $3.3 billion — billion in 2023 and is slated to reach $3.3 billion by 2024, annual growth of nearly 23% pe
Filing Documents
- lvo20240331_10k.htm (10-K) — 2765KB
- ex_679594.htm (EX-4.4) — 42KB
- ex_583380.htm (EX-21.1) — 7KB
- ex_583381.htm (EX-23.1) — 3KB
- ex_583383.htm (EX-31.1) — 10KB
- ex_583384.htm (EX-31.2) — 10KB
- ex_583385.htm (EX-32.1) — 6KB
- ex_583386.htm (EX-32.2) — 5KB
- ex_694529.htm (EX-97.1) — 33KB
- 0001437749-24-021725.txt ( ) — 12641KB
- lvo-20240331.xsd (EX-101.SCH) — 106KB
- lvo-20240331_cal.xml (EX-101.CAL) — 82KB
- lvo-20240331_def.xml (EX-101.DEF) — 854KB
- lvo-20240331_lab.xml (EX-101.LAB) — 673KB
- lvo-20240331_pre.xml (EX-101.PRE) — 895KB
- lvo20240331_10k_htm.xml (XML) — 1762KB
Business
Business 2 Item 1A.
Risk Factors
Risk Factors 14 Item 1B. Unresolved Staff Comments 71 Item 1C. Cybersecurity 71 Item 2.
Properties
Properties 72 Item 3.
Legal Proceedings
Legal Proceedings 72 Item 4. Mine Safety Disclosures 72 PART II 73 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 73 Item 6. [Reserved] 74 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 75 Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 91 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data F-1 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 95 Item 9A.
Controls and Procedures
Controls and Procedures 95 Item 9B. Other Information 96 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspection 96 PART III 97 Item 10. Directors, Executive Officers and Corporate Governance 97 Item 11.
Executive Compensation
Executive Compensation 97 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 97 Item 13. Certain Relationships and Related Transactions, and Director Independence 97 Item 14. Principal Accounting Fees and Services 97 PART IV 97 Item 15. Exhibits, Financial Statement Schedules 97 Item 16. Form 10-K Summary 99
SIGNATURES
SIGNATURES 100 i Table of Contents Use of Market and Industry Data This Annual Report on Form 10-K (this "Annual Report") includes market and industry data that we have obtained from third party sources, including industry publications, as well as industry data prepared by our management on the basis of its knowledge of and experience in the industries in which we operate (including our management's estimates and assumptions relating to such industries based on that knowledge). Management has developed its knowledge of such industries through its experience and participation in these industries. While our management believes the third-party sources referred to in this Annual Report are reliable, neither we nor our management have independently verified any of the data from such sources referred to in this Annual Report or ascertained the underlying economic assumptions relied upon by such sources. Furthermore, references in this Annual Report to any publications, reports, surveys or articles prepared by third parties should not be construed as depicting the complete findings of the entire publication, report, survey or article. The information in any such publication, report, survey or article is not incorporated by reference in this Annual Report. Forecasts and other forward-looking information obtained from these sources involve risks and uncertainties and are subject to change based on various factors, including those discussed in sections entitled "Forward-Looking Statements," "Item 1A. Risk Factors" and "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" in this Annual Report. Trademarks, Service Marks and Trade Names This Annual Report contains references to our trademarks, service marks and trade names and to trademarks, service marks and trade names belonging to other entities. Solely for convenience, trademarks, service marks and trade names referred to in this Annual Report, including logos, artwork
Business
Item 1. Business Overview LiveOne, Inc. (the "Company," "LiveOne", "we," "us," or "our") is an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. We are a pioneer in the acquisition, distribution and monetization of live music events, Internet radio, podcasting/vodcasting and music-related membership, streaming and video content. Through our comprehensive service offerings and innovative content platform, we provide music fans the ability to listen, watch, attend, engage and transact. Serving a global audience, our mission is to bring the experience of live music and entertainment to consumers wherever music and entertainment is watched, listened to, discussed, deliberated or performed around the world. Our operating model is focused on a flywheel concept of integrated services centered on servicing and monetizing superfans through multiple revenue streams and product/service offerings. At March 31, 2024, we operated four core integrated services: (1) one of the industry's leading online live music streaming platforms (LiveOne), (2) a fully integrated membership and advertising streaming music service Slacker operating as LiveOne powered by Slacker, (3) a leading podcasting platform operating as PodcastOne ("PodcastOne"), and (4) a retailer and wholesaler of personalized merchandise and gifts operating as Custom Personalization Solutions, Inc. ("CPS"). LiveOne is the first live social music network, delivering premium live-streamed, digital audio and on-demand music experiences from the world's top music festivals, concerts and events, including having worked with Rock in Rio, Electronic Daisy Carnival ("EDC") Las Vegas, iHeartRadio's Wango Tango and many more. LiveOne enhances the experience by granting audiences access to premium original content, artist exclusives and industry interviews. Our LiveOne application offers users