Overview

* Live Ventures ( LIVE ) fiscal Q3 revenue falls 9.2% yr/yr to $112.5 mln

* Operating income surges 607.6% to $8.0 mln, driven by cost reductions

* Net income rises to $5.4 mln from a loss, aided by one-time gains worth $2.8 mln

Result Drivers

* REVENUE DECLINE - Revenue fell 9.2% due to decreased demand in Retail-Flooring and Steel Manufacturing segments

* COST REDUCTION - Operating income surged 607.6% driven by lower compensation, marketing, and legal expenses

* PRODUCT MIX - Retail-Entertainment segment revenue increased 15.2% due to changes in product mix towards higher-priced new products

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $112.50

Revenue mln

Q3 EPS $1.24

Q3 Net $5.40

Income mln

Q3 $7.10

Adjusted mln

EBITDA

Q3 $8 mln

Operatin

g Income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)