LiveOne Inc reports results for the quarter ended June 30 - Earnings Summary

• LiveOne Inc LVO.OQ reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of three analysts for the quarter was for a loss of 2 cents per share.

• Revenue fell 41.9% to $19.21 million from a year ago; analysts expected $21.02 million.

• LiveOne Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $3.59 million.

• LiveOne Inc shares had fallen by 17.9% this quarter and lost 57.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 40% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the entertainment production peer group is also "buy"

• Wall Street's median 12-month price target for LiveOne Inc is $2.00, about 69% above its last closing price of $0.62

This summary was machine generated from LSEG data August 13 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)