LiveOne Reports Q2 2025 Financials
Ticker: LVO · Form: 10-Q · Filed: Nov 14, 2024 · CIK: 1491419
Sentiment: neutral
Topics: 10-Q, financials, balance-sheet
TL;DR
LiveOne's Q2 2025: Assets $95M, Liabilities $89M. Operations continue.
AI Summary
LiveOne, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported total assets of $94,957,423 and total liabilities of $88,627,420 as of September 30, 2024. For the six months ended September 30, 2024, the company's net loss was not explicitly stated in the provided snippet, but financial activities indicate ongoing operations.
Why It Matters
This filing provides insight into LiveOne's financial health and operational performance for the second quarter of fiscal year 2025, impacting investor confidence and future strategic decisions.
Risk Assessment
Risk Level: medium — The company has significantly more liabilities than assets, indicating potential financial strain.
Key Numbers
- $94.96B — Total Assets (As of September 30, 2024)
- $88.63B — Total Liabilities (As of September 30, 2024)
Key Players & Entities
- LiveOne, Inc. (company) — Filer of the 10-Q
- 20240930 (date) — End of reporting period
- $94,957,423 (dollar_amount) — Total assets as of September 30, 2024
- $88,627,420 (dollar_amount) — Total liabilities as of September 30, 2024
- LiveXLive Media, Inc. (company) — Former company name
FAQ
What was LiveOne's net income or loss for the six months ended September 30, 2024?
The provided snippet does not explicitly state the net income or loss for the six months ended September 30, 2024.
What were the company's total revenues for the three months ended September 30, 2024?
The provided snippet does not contain specific revenue figures for the three months ended September 30, 2024.
What is the company's current cash position as of September 30, 2024?
The provided snippet does not detail the company's cash and cash equivalents as of September 30, 2024.
What were the significant changes in liabilities from the prior fiscal year-end?
The provided snippet does not offer a comparative analysis of liabilities from the prior fiscal year-end.
What is the company's fiscal year end date?
LiveOne, Inc.'s fiscal year ends on March 31.
Filing Stats: 4,685 words · 19 min read · ~16 pages · Grade level 17.6 · Accepted 2024-11-14 17:21:07
Key Financial Figures
- $0.001 — e on which registered Common stock, $0.001 par value per share LVO The NASDAQ
Filing Documents
- lvo20240930c_10q.htm (10-Q) — 2318KB
- ex_721783.htm (EX-31.1) — 13KB
- ex_721784.htm (EX-31.2) — 13KB
- ex_721785.htm (EX-32.1) — 5KB
- ex_721786.htm (EX-32.2) — 5KB
- 0001437749-24-035385.txt ( ) — 9434KB
- lvo-20240930.xsd (EX-101.SCH) — 74KB
- lvo-20240930_cal.xml (EX-101.CAL) — 52KB
- lvo-20240930_def.xml (EX-101.DEF) — 600KB
- lvo-20240930_lab.xml (EX-101.LAB) — 470KB
- lvo-20240930_pre.xml (EX-101.PRE) — 632KB
- lvo20240930c_10q_htm.xml (XML) — 1324KB
— 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 September 30, 2024 (unaudited) and March 31, 2024 (audited) F-1 Condensed Consolidated Statements of Operations for the three and six months ended September 30, 2024 and 2023 (unaudited) F-2 Condensed Consolidated Statements of Stockholders' Equity (Deficit) and Mezzanine Equity for the three and six months ended September 30, 2024 and 2023 (unaudited) F-3 Condensed Consolidated Statements of Cash Flows for the six months ended September 30, 2024 and 2023 (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) September 30, March 31, 2024 2024 (Audited) Assets Current Assets Cash and cash equivalents $ 11,053 $ 6,987 Restricted cash 30 155 Accounts receivable, net 14,079 13,205 Inventories 1,675 2,187 Prepaid expense and other current assets 2,138 1,801 Total Current Assets 28,975 24,335 Property and equipment, net 3,749 3,646 Goodwill 23,379 23,379 Intangible assets, net 10,986 12,415 Other assets 118 88 Total Assets $ 67,207 $ 63,863 Liabilities, Mezzanine Equity and Stockholders' Equity (Deficit) Current Liabilities Accounts payable and accrued liabilities $ 29,575 $ 26,953 Accrued royalties 13,358 10,862 Notes payable, current portion 690 692 Deferred revenue 649 728 Senior secured line of credit 7,000 7,000 Derivative liabilities - 607 Total Current Liabilities 51,272 46,842 Notes payable, net 431 771 Other long-term liabilities 9,317 9,354 Deferred income taxes 339 339 Total Liabilities 61,359 57,306 Commitments and Contingencies Mezzanine Equity Redeemable convertible preferred stock, $ 0.001 par value; 100,000 shares authorized; none and 5,000 shares issued an