01:04 PM EDT, 08/13/2024 (MT Newswires) -- LiveOne ( LVO ) shares were up nearly 8% in recent trading on Tuesday after the company's fiscal Q1 revenue exceeded market expectations.

The company reported fiscal Q1 net loss of $0.02 per diluted share, widening from a loss of $0.01 a year earlier. Three analysts polled by Capital IQ expected a loss of $0.01.

Revenue for the quarter ended June 30 was $33.1 million, up from $27.8 million a year earlier. Three analysts surveyed by Capital IQ expected $32 million.

The company reiterated its fiscal 2025 revenue guidance of $140 million to $155 million. Analysts polled by Capital IQ expect $143.4 million.

Price: 1.61, Change: +0.12, Percent Change: +7.79