LiveOne, Inc. Reports Earnings Results for the First Quarter Ended June 30, 2022
August 11, 2022 at 07:31 am EDT
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LiveOne, Inc. reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was USD 23.22 million compared to USD 38.77 million a year ago. Net income was USD 1.35 million compared to net loss of USD 8.05 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to diluted loss per share from continuing operations of USD 0.1 a year ago.
LiveOne, Inc. offers a creator-first, music, entertainment, and technology platform, which is focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The Company is engaged in the acquisition, distribution and monetization of live music, Internet radio, podcasting and music-related streaming and video content. It is also engaged in packaging, producing, and broadcasting its live music content across its music platform. In addition, the Company has a distribution relationship with a variety of platforms, including Roku, AppleTV, Amazon Fire, linear over-the-top (OTT) platforms, such as STIRR and XUMO. The Company's subsidiaries include Slacker Radio, PodcastOne, PPVOne, Palm Beach Records, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind.
LIVEONE, INC. 
