LiveOne (LVO) Misses Q2 EPS by 7c, Maintains Guidance

LiveOne (NASDAQ: LVO) reported Q2 EPS of ($0.19), $0.07 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $21.9 million versus the consensus estimate of $21.2 million.

Guidance:

LiveOne is maintaining its guidance for Fiscal 2022 of revenue of $115 - $125 million and reducing guidance for Fiscal 2022 Adjusted Operating Income* to $0 - $3 million (not including corporate overhead) due to impacts of the COVID-19 Delta variant on live events, inclement weather, and our increased investment in original and exclusive content and franchises, as well to continue an increased spend in marketing associated with driving new paid memberships.

For earnings history and earnings-related data on LiveOne (LVO) click here.

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