LiveOne, Inc. Reports Earnings Results for the Full Year Ended March 31, 2022
June 28, 2022 at 05:07 pm
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LiveOne, Inc. reported earnings results for the full year ended March 31, 2022. For the full year, the company reported sales was USD 117.02 million compared to USD 65.23 million a year ago. Net loss was USD 43.91 million compared to USD 41.82 million a year ago. Basic loss per share from continuing operations was USD 0.56 compared to USD 0.61 a year ago.
LiveOne, Inc. offers a creator-first, music, entertainment, and technology platform, which is focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The Company is engaged in the acquisition, distribution and monetization of live music, Internet radio, podcasting and music-related streaming and video content. It is also engaged in packaging, producing, and broadcasting its live music content across its music platform. In addition, the Company has a distribution relationship with a variety of platforms, including Roku, AppleTV, Amazon Fire, linear over-the-top (OTT) platforms, such as STIRR and XUMO. The Company's subsidiaries include Slacker Radio, PodcastOne, PPVOne, Palm Beach Records, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind.