100s of titles, one news app for just $10 a month.
Dive Deeper:
Ebix Beats Q1 Aided By Pandemic Recovery
Ebix, Inc (NASDAQ:EBIX) reported a first-quarter FY22 revenue decline of 1% year-on-year to $286.3 million, beating the consensus of $278.7 million. Prepaid card…
Paysafe Registers 3% Revenue Decline In Q1 Due To Mixed Segment Performance; Reiterates FY22 Outlook
Paysafe Limited (NYSE:PSFE) reported a first-quarter FY22 revenue decline of 3% year-on-year to $367.7 million, missing the consensus of $371.7 million. Total Payment…
Cerence Reports Mixed Q2 Results; Margins Shrink Due To Automotive Headwinds
Cerence Inc (NASDAQ:CRNC) reported a second-quarter FY22 revenue decline of 12.5% year-on-year to $86.3 million, above the consensus of $84.6 million. Non-GAAP EPS…
Exela Shares Plunge Post Q1 Miss
Exela Technologies, Inc (NASDAQ:XELA) reported a preliminary first-quarter FY22 revenue decline of 6.9% year-on-year to $279.4 million, missing the consensus of $284.9 million.…
One subscription that gives you access to news from hundreds of sites
Planet Fitness Posts Mixed Q1 Earnings
Planet Fitness Inc (NYSE:PLNT) reported first-quarter FY22 sales growth of 66.9% year-on-year to $186.68 million, missing the consensus of $189.96 million. Revenue from…
Read How Workhorse Group Fared In Q1
Workhorse Group Inc (NASDAQ:WKHS) reported a first-quarter FY22 sales decline of 97.3% year-on-year, to $14.3 thousand, beating the consensus of $10 thousand. The…
Get all your news in one place
Latest Business news:
Asian stocks up after Wall Street dip on China's Covid-bruised data
Hong Kong (AFP) - Asian stocks rose Tuesday despite a lukewarm lead from Wall Street after weak Chinese economic data…
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
Musk: Twitter deal at lower price "not out of the question"
Musk has continued to express skepticism about the company's estimate of spam and fake accounts.
Netflix toys with live TV as sales slump
Would pouring more money into original content do anything to help Netflix's profits?
Michael 'Big Short' Burry Shorts Apple
Hedge fund investor Michael Burry bets against Apple.
Once a powerful symbol in Russia, McDonald's withdraws
Two months after the Berlin Wall fell, another powerful symbol opened its doors in the middle of Moscow: a gleaming…
From analysis to good news, read the world’s best news in one place
U.S. backs U.N. push to get Ukraine grain back to global market
The United States supports efforts by U.N. Secretary-General Antonio Guterres to get Ukrainian grain back into the international marketplace amid…
ASX rises despite economic worries, Wall Street struggles on recession risk
Mining and energy companies propped up the Australian share market on Tuesday, though worries about a global economic slowdown and…

Live Ventures Clocks 2% Decline In Q2 Revenue Amid Inflationary Pressures

By Anusuya Lahiri
  • Live Ventures Inc (NASDAQ:LIVEreported a second-quarter FY22 revenue decline of 1.7% year-on-year to $69.7 million.
  • Segments: Retail segment revenue declined 13.6% Y/Y to $20.7 million, Flooring Manufacturing revenue decreased 0.6% Y/Y to $32.8 million, and Steel Manufacturing revenue rose 1.7% Y/Y to $14 million.
  • The operating income fell 24.1% Y/Y to $8.4 million. The operating income for Retail declined 38.2% Y/Y to $3.1 million, Flooring Manufacturing decreased 35.5% Y/Y to $3.9 million, and Steel Manufacturing rose 56.1% Y/Y to $2.7 million.
  • EPS was $4.84 versus $2.66 a year earlier.
  • Live Ventures held total cash availability of $38.0 million, consisting of cash on hand of $6.2 million and credit availability of $31.8 million.
  • “We are pleased with our second-quarter financial results given the inflationary pressures during the quarter,” Jon Isaac, CEO, commented. “Additionally, in the same period last year, our retail segment’s strong revenues were driven by the U.S. Government’s stimulus payments, which we did not have this year.”
  • Price Action: LIVE shares traded lower by 3.99% at $38.00 on the last check Wednesday.
What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
Ebix Beats Q1 Aided By Pandemic Recovery
Ebix, Inc (NASDAQ:EBIX) reported a first-quarter FY22 revenue decline of 1% year-on-year to $286.3 million, beating the consensus of $278.7 million. Prepaid card…
Paysafe Registers 3% Revenue Decline In Q1 Due To Mixed Segment Performance; Reiterates FY22 Outlook
Paysafe Limited (NYSE:PSFE) reported a first-quarter FY22 revenue decline of 3% year-on-year to $367.7 million, missing the consensus of $371.7 million. Total Payment…
Cerence Reports Mixed Q2 Results; Margins Shrink Due To Automotive Headwinds
Cerence Inc (NASDAQ:CRNC) reported a second-quarter FY22 revenue decline of 12.5% year-on-year to $86.3 million, above the consensus of $84.6 million. Non-GAAP EPS…
Exela Shares Plunge Post Q1 Miss
Exela Technologies, Inc (NASDAQ:XELA) reported a preliminary first-quarter FY22 revenue decline of 6.9% year-on-year to $279.4 million, missing the consensus of $284.9 million.…
One subscription that gives you access to news from hundreds of sites
Planet Fitness Posts Mixed Q1 Earnings
Planet Fitness Inc (NYSE:PLNT) reported first-quarter FY22 sales growth of 66.9% year-on-year to $186.68 million, missing the consensus of $189.96 million. Revenue from…
Read How Workhorse Group Fared In Q1
Workhorse Group Inc (NASDAQ:WKHS) reported a first-quarter FY22 sales decline of 97.3% year-on-year, to $14.3 thousand, beating the consensus of $10 thousand. The…
Get all your news in one place