LiveOne, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 10, 2022 at 04:33 pm EST
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LiveOne, Inc. reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was USD 23.53 million compared to USD 21.92 million a year ago. Net loss was USD 3.41 million compared to USD 15.24 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.19 a year ago.
For the six months, sales was USD 46.76 million compared to USD 60.69 million a year ago. Net loss was USD 2.06 million compared to USD 23.29 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.3 a year ago. Diluted loss per share from continuing operations was USD 0.02.
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. 
