LiveOne, Inc. Q3 FY25 10-Q Filing
Ticker: LVO · Form: 10-Q · Filed: Feb 14, 2025 · CIK: 1491419
Sentiment: neutral
Topics: 10-Q, financials, LiveOne
TL;DR
LiveOne's Q3 FY25 10-Q is in. Check the balance sheet for the latest numbers.
AI Summary
LiveOne, Inc. filed its 10-Q for the period ending December 31, 2024, reporting its financial performance for the third quarter of fiscal year 2025. The company's financial statements detail its assets, liabilities, and equity, with specific figures for property, plant, and equipment, as well as current and non-current liabilities. The filing also includes information on share structure and other financial metrics.
Why It Matters
This filing provides investors and stakeholders with a detailed look at LiveOne's financial health and operational performance during the third quarter of its fiscal year 2025.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures for a public company, but the specific financial health and future prospects of LiveOne, Inc. would require further analysis beyond this summary.
Key Numbers
- 95,668,756 — Common Stock (Number of shares outstanding as of December 31, 2024)
- 88,627,420 — Common Stock (Number of shares outstanding as of March 31, 2024)
- 10.0 — Percentage (Indicates a specific financial ratio or metric, context requires further detail)
Key Players & Entities
- LiveOne, Inc. (company) — Filer of the 10-Q
- 20241231 (date) — End of reporting period
- 20250214 (date) — Filing date
- LiveXLive Media, Inc. (company) — Former company name
- LOTON, CORP (company) — Former company name
FAQ
What was LiveOne, Inc.'s total assets as of December 31, 2024?
The filing does not explicitly state a single 'total assets' figure in the provided snippet, but it details components like 'PropertyPlantAndEquipmentNet'.
What is the company's fiscal year end?
LiveOne, Inc.'s fiscal year ends on March 31.
When was the company formerly known as LiveXLive Media, Inc.?
The date of the name change from LiveXLive Media, Inc. to LiveOne, Inc. was August 8, 2017.
What is the filing date of this 10-Q report?
This 10-Q report was filed on February 14, 2025.
How many shares of common stock were outstanding at the end of the reporting period?
As of December 31, 2024, there were 95,668,756 shares of common stock outstanding.
Filing Stats: 4,778 words · 19 min read · ~16 pages · Grade level 18.7 · Accepted 2025-02-14 15:15:35
Key Financial Figures
- $0.001 — e on which registered Common stock, $0.001 par value per share LVO The NASDAQ
Filing Documents
- lvo20241231_10q.htm (10-Q) — 2611KB
- ex_749445.htm (EX-31.1) — 13KB
- ex_749446.htm (EX-31.2) — 13KB
- ex_749447.htm (EX-32.1) — 5KB
- ex_749448.htm (EX-32.2) — 5KB
- 0001437749-25-003961.txt ( ) — 10354KB
- lvo-20241231.xsd (EX-101.SCH) — 77KB
- lvo-20241231_cal.xml (EX-101.CAL) — 54KB
- lvo-20241231_def.xml (EX-101.DEF) — 660KB
- lvo-20241231_lab.xml (EX-101.LAB) — 502KB
- lvo-20241231_pre.xml (EX-101.PRE) — 691KB
- lvo20241231_10q_htm.xml (XML) — 1497KB
— 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 23 Item 4.
Controls and Procedures
Controls and Procedures 23
— OTHER INFORMATION
PART II — OTHER INFORMATION 25 Item 1.
Legal Proceedings
Legal Proceedings 25 Item 1A.
Risk Factors
Risk Factors 25 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32 Item 3. Defaults Upon Senior Securities 32 Item 4. Mine Safety Disclosures 32 Item 5. Other Information 32 Item 6. Exhibits 33
Signatures
Signatures 35 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, 2024 (unaudited) and March 31, 2024 (audited) F-1 Condensed Consolidated Statements of Operations for the three and nine months ended December 31, 2024 and 2023 (unaudited) F-2 Condensed Consolidated Statements of Stockholders' Equity (Deficit) and Mezzanine Equity for the three and nine months ended December 31, 2024 and 2023 (unaudited) F-3 Condensed Consolidated Statements of Cash Flows for the nine months ended December 31, 2024 and 2023 (unaudited) F-4 Notes to the Condensed Consolidated Financial Statements (unaudited) F-5 1 Table of Contents LiveOne, Inc. Condensed Consolidated Balance Sheets (Unaudited, in thousands, except share and per share amounts) December 31, March 31, 2024 2024 (Audited) Assets Current Assets Cash and cash equivalents $ 10,854 $ 6,987 Restricted cash 30 155 Accounts receivable, net 8,783 13,205 Inventories 1,634 2,187 Prepaid expense and other current assets 1,478 1,801 Total Current Assets 22,779 24,335 Property and equipment, net 3,755 3,646 Goodwill 23,379 23,379 Intangible assets, net 6,192 12,415 Other assets 111 88 Total Assets $ 56,216 $ 63,863 Liabilities, Mezzanine Equity and Stockholders' Equity (Deficit) Current Liabilities Accounts payable and accrued liabilities $ 24,940 $ 26,953 Accrued royalties 8,353 10,862 Notes payable, current portion 689 692 Deferred revenue 2,616 728 Senior secured line of credit 4,250 7,000 Derivative liabilities - 607 Total Current Liabilities 40,848 46,842 Notes payable, net 261 771 Other long-term liabilities 13,638 9,354 Deferred income taxes 339 339 Total Liabilities 55,086 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 and outstanding as of December 31, 2024