LiveXLive Media (LIVX) Reports In-Line Q4 EPS, Revenues Miss; Offers FY21 Revenue Outlook
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LiveXLive Media Announces Record Results For Fiscal 2020
June 18, 2020 4:15 PM EDTLOS ANGELES, June 18, 2020 /PRNewswire/ -- LiveXLive Media, Inc. (Nasdaq: LIVX) ("LiveXLive" or the "Company"), a global platform for live stream and on-demand audio, video and podcast content in music, comedy and pop culture, announced today financial results for its fiscal year and fourth fiscal quarter ended March 31, 2020. In fiscal 2020, LiveXLive posted record revenue of $38.7 million and a record contribution margin* of $5.9 million, as compared to revenue of $33.7 million and a contribution margin* of $2.5 million during fiscal 2019, driven by strong subscriber growth. The Company recorded a loss from operations of $36.0 million... More
