Executive Summary
LiveOne, Inc. reported solid top-line momentum in QQ1 2025 with revenue of $33.08 million, up 19.1% year over year and 7.1% quarter over quarter. Despite the revenue strength, profitability remained constrained as operating income was negative by $0.61 million and net income registered a loss of $1.17 million. EBITDA was positive at $0.76 million, signaling some improvement in cash flow generation but not yet translating into sustained bottom-line profitability. The company generated operating cash flow of $1.34 million and free cash flow of $0.61 million, leaving available liquidity that supported cash and equivalents of about $6.32 million at period end. The balance sheet shows total assets of $64.63 million and total liabilities of $58.02 million, with stockholders’ equity negative at $3.81 million, reflecting a heavy allocation to goodwill and intangible assets. Cash burn was modest, and cash reserves declined modestly as the company managed working capital, issued no new debt, reduced some financing obligations, and repurchased roughly $0.75 million of its own shares. The near-term narrative hinges on continued revenue growth, improved profitability through operating expense discipline, and monetization of LiveOne’s platform ecosystem through ads, subscriptions, and live-event sponsorships.
Key Performance Indicators
QoQ: 47.63% | YoY:-138.43%
QoQ: 40.17% | YoY:-126.99%
QoQ: 43.89% | YoY:-110.17%
Key Insights
Revenue: $33.08M, YoY +19.13%, QoQ +7.05% | Gross Profit: $6.62M, YoY -19.36%, QoQ +8.14% | Operating Income: -$0.61M, YoY -138.43%, QoQ +47.63% | Net Income: -$1.17M, YoY -126.99%, QoQ +40.17% | EBITDA: $0.76M, EBITDA Margin ~2.3% | EPS: -$0.0124 | Cash from operations: $1.34M | Free cash flow: $0.61M | Cash balance: $6.32M | Total assets: $64.63M | Total liabilities: $58.02M | Stockholders’ equity: -$3.81M | Net debt: $2.13M...
Financial Highlights
Revenue: $33.08M, YoY +19.13%, QoQ +7.05% | Gross Profit: $6.62M, YoY -19.36%, QoQ +8.14% | Operating Income: -$0.61M, YoY -138.43%, QoQ +47.63% | Net Income: -$1.17M, YoY -126.99%, QoQ +40.17% | EBITDA: $0.76M, EBITDA Margin ~2.3% | EPS: -$0.0124 | Cash from operations: $1.34M | Free cash flow: $0.61M | Cash balance: $6.32M | Total assets: $64.63M | Total liabilities: $58.02M | Stockholders’ equity: -$3.81M | Net debt: $2.13M
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
33.08M |
19.13% |
7.05% |
| Gross Profit |
6.62M |
-19.36% |
8.14% |
| Operating Income |
-608.00K |
-138.43% |
47.63% |
| Net Income |
-1.17M |
-126.99% |
40.17% |
| EPS |
-0.01 |
-110.17% |
43.89% |
Key Financial Ratios
operatingProfitMargin
-1.84%
operatingCashFlowPerShare
$0.01
freeCashFlowPerShare
$0.01
dividendPayoutRatio
-43.5%
priceEarningsRatio
-29.88
Management Commentary
Note: The earnings transcript was not provided in the data set. As a result, qualitative management commentary and direct quotes from the call are unavailable. The following highlights synthesize the financial results and typical investor focus areas that would ordinarily be drawn from the call: (1) Growth trajectory driven by digital media assets and live events ecosystem; (2) Profitability pressures stemming from ongoing amortization, G&A, and content-related costs; (3) Positive near-term cash flow, suggesting some levers are intact to fund growth and capital allocation; (4) Balance sheet with modest leverage but negative equity highlights asset-intensive structuring and impairment considerations for goodwill and intangibles; (5) Need for monetization acceleration across ads, subscriptions, and licensing to convert top-line momentum into durable earnings.
Forward Guidance
No explicit forward guidance was provided in the supplied materials. Given QQ1 2025 results, investors should monitor: (a) revenue mix evolution across advertising, subscriptions, and live-event monetization; (b) trajectory of operating expenses, including content, R&D, and selling/general expenses, to drive EBITDA margin higher towards breakeven; (c) working capital dynamics and capital allocation choices, including potential debt issuance or refinancing actions; (d) liquidity runway and cash burn under varying ad market and live-events scenarios; (e) any strategic updates on platform integrations across LiveXLive, PodcastOne, and Slacker Radio that could monetize cross-platform user bases. If management provides quantitative targets, they will be critical to reassess the path to profitability and cash-flow generation over the next several quarters.