Last Updated: 16 Sep 2024
Executive Summary
LiveOne Inc. (LVO) is a digital media company focused on acquiring, distributing, and monetizing live music, internet radio, podcasting/vodcasting, and music-related streaming and video content. The company has a market capitalization of $145.47 million and trades on the NASDAQ exchange. LiveOne has experienced revenue growth in recent quarters, but remains unprofitable on an EBITDA and EPS basis. Analysts have a mixed view on the stock, with a consensus target price of $4.40.
Company Overview
LiveOne was founded in 2017 and is headquartered in Beverly Hills, California. The company operates a portfolio of digital media assets, including LiveXLive, Slacker Radio, and PodcastOne. LiveOne's content is distributed through a variety of channels, including its own apps, websites, and third-party platforms.
Fundamental Analysis
LiveOne's financial performance has been mixed in recent quarters. Revenue has grown year-over-year, but the company has yet to achieve profitability. In the most recent quarter, LiveOne reported revenue of $123.75 million, up 19.1% from the same period last year. However, the company reported a net loss of $15 million, or $0.15 per share.
LiveOne's gross profit margin has improved in recent quarters, but remains below industry average. In the most recent quarter, the company's gross profit margin was 19.4%, compared to 16.9% in the same period last year. LiveOne's operating expenses have also increased in recent quarters, driven by higher marketing and content acquisition costs.
Technical Analysis
LiveOne's stock price has been trending lower in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
In the short term, LiveOne's stock price could continue to trend lower. The company is facing headwinds from rising interest rates and a potential recession. LiveOne is also facing competition from larger, more established media companies.
Long Term Outlook
In the long term, LiveOne has the potential to be a successful digital media company. The company has a strong portfolio of assets and a growing audience. However, LiveOne needs to improve its profitability and reduce its debt load in order to achieve long-term success.
Analyst Recommendations
Analysts have a mixed view on LiveOne's stock. The consensus target price is $4.40, which represents a potential upside of 200% from the current price. However, some analysts are more bearish on the stock, citing the company's lack of profitability and high debt load.
