LiveOne, Inc.

Listed Company

LVOCIK 0001491419NasdaqNon-AcceleratedSmaller ReportingRetail-Eating PlacesDelawareFY ends Mar 31

Period

FY 2025

Revenue

$114.41M

Net Income

$-18.71M

Total Assets

$40.52M

Equity

$-17.77M

Shares Out

11.65M

Op. Cash Flow

$6.37M

Business

LiveOne, Inc. operates a creator-first music, entertainment and technology platform that acquires, produces, distributes and monetizes live and on-demand music, podcasts and related video content. It offers live and virtual events, a subscription and ad-supported streaming music service, a podcast network and merchandising and personalization retail services, plus pay-per-view and VOD offerings. The company’s operations are organized into PodcastOne, Slacker (LiveOne powered by Slacker) and a Media Group (including merchandising/CPS and related subsidiaries). Services are delivered globally via the LiveOne app, websites, OTT platforms, mobile devices, smart TVs, connected cars and third-party distribution partners.

Summary from filing dated 2025-07-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Revenue:	114	118	100	117	65
Cost of sales	85	86	67	93	—
Sales and marketing	6	8	8	14	10
Product development	4	5	5	8	10
General and administrative	23	22	16	34	21
Amortization of intangible assets	2	2	4	6	6
Asset Impairment Charges	12	115,000	—	—	—
Total operating expenses	132	123	102	—	—
Loss from operations	−18	−5	−2	−38	−29
Interest expense, net	−3	−4	−7	−4	−5
Other Nonoperating Income (Expense)	214,000	−4	605,000	−542,000	−2
Total other expense, net	−2	−9	−8	−6	−13
Loss before income taxes	−21	−13	−10	−44	−42
Income tax (benefit) provision	−185,000	118,000	65,000	183,000	−345,000
Net loss	−20	−13	−10	−44	−42
Net loss attributable to non-controlling interest	−2	−1	0	—	—
Net loss attributable to LiveOne	−19	−12	−10	−44	—
Net loss per share attributed to LiveOne basic and diluted (in dollars per share)	−0.2	−0.14	−0.12	−0.56	−0.61
Basic and diluted weighted average number of shares of common stock outstanding (in shares)	95	88	85	79	69

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Cash and cash equivalents	4	7	8	13	19
Restricted cash	30,000	200,000	200,000	260,000	135,000
Accounts receivable, net	8	13	14	14	11
Inventories	2	2	3	3	3
Prepaid expense and other current assets	1	2	3	2	3
Total Current Assets	15	24	28	31	35
Property and equipment, net	893,000	4	3	5	4
Goodwill	22	23	23	23	23
Intangible assets, net	3	12	11	17	22
Other assets	97,000	88,000	423,000	728,000	1
Total Assets	41	64	66	77	86
Accounts payable and accrued liabilities	25	27	23	45	33
Accrued royalties	5	11	13	14	12
Notes payable, current portion	623,000	692,000	15,000	12,000	3
Senior secured revolving line of credit, net	3	7	0	—	—
Deferred revenue	2	728,000	992,000	1	1
Derivative liabilities	0	607,000	3	—	—
Total Current Liabilities	36	47	44	60	51
Notes payable, net	150,000	771,000	148,000	148,000	885,000
Operating Lease, Liability, Noncurrent	99,000	0	161,000	468,000	—
Other long-term liabilities	12	9	10	174,000	—
Deferred income taxes	60,000	339,000	332,000	338,000	—
Total Liabilities	49	57	62	88	78
Commitments and Contingencies	—	—	—	—	—
Redeemable convertible preferred stock, $0.001 par value; 100,000 shares authorized; None and 5,000 shares issued and outstanding as of March 31, 2025 and 2024, respectively	0	5	5	—	—
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 14,002 and 18,814 shares issued and outstanding as of March 31, 2025 and 2024, respectively	14	19	16	—	—
Common stock, $0.001 par value; 500,000,000 shares authorized; 96,765,145 issued and outstanding as of March 31, 2025; 92,487,459 shares issued and outstanding as of March 31, 2024	97,000	92,000	90,000	83,000	77,000
Additional paid in capital	233	216	209	203	178
Treasury stock	−250,000	−5	−2	—	—
Accumulated deficit	−265	−239	−224	−214	−170
Total LiveOne's Stockholders Deficit	−18	−9	−1	−11	8
Non-controlling interest	9	10	0	—	—
Total equity (deficit)	−8	2	−1	−11	—
Total Liabilities, Mezzanine Equity and Stockholders Equity (Deficit)	41	64	66	77	86

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Depreciation and amortization	5	5	8	—	—
Interest paid in kind	0	269,000	322,000	35,000	—
Stock-based compensation	6	6	3	13	11
Change in fair value of bifurcated embedded derivatives	−607,000	4	523,000	−113,000	−977,000
Amortization of debt discount	0	1	4	1	—
Deferred income taxes	−279,000	7,000	−6,000	—	−359,000
Change in fair value of contingent consideration liability	0	174,000	−2	—	—
Accretion of preferred stock	0	135,000	0	—	—
Impairment of fixed asset	3	2,000	146,000	—	—
Impairment of goodwill	2	0	—	—	—
Impairment of intangibles	7	115,000	—	—	—
Provision for credit losses	35,000	485,000	0	—	—
Accounts receivable	5	−32,000	29,000	−3	3
Prepaid expenses and other current assets	975,000	682,000	−2	1	−1
Inventories	215,000	795,000	3,000	−31,000	32,000
Other assets	−9,000	289,000	351,000	328,000	—
Deferred revenue	1	−264,000	−165,000	−155,000	—
Accounts payable and accrued liabilities	−563,000	3	−380,000	—	—
Accrued royalties	−5	2	−704,000	301,000	—
Other liabilities	3	−4	−704,000	301,000	—
Net cash provided by operating activities	6	7	−4	−9	−10
Purchases of property and equipment	−3	−3	−2	−4	−3
Purchase of intangible assets	−70,000	−1	−13,000	−85,000	—
Net cash used in investing activities	−3	−4	−2	−4	−791,000
Payment of dividends	−509,000	0	—	—	—
Repayment on line of credit	−4	0	—	—	—
Proceeds from notes payable	0	2	0	—	3
Repayments of notes payable	0	−397,000	0	—	—
Proceeds from exercise of stock options	0	8,000	0	872,000	3
Purchases of treasury stock	−999,000	−3	−2	—	—
Net cash used in financing activities	−6	−4	2	7	17
Net change in cash, cash equivalents and restricted cash	−3	−2	−5	−6	6
Cash paid for income taxes	0	37,000	0	25,000	—
Cash paid for interest	873,000	1	2	1	969,000
Accrual of dividends	2	3	397,000	—	—
Fair value of common stock options and restricted stock issued to employees, capitalized as internally-developed software	240,000	578,000	26,000	—	—
Accrued expenses written off associated with intangible asset impairment	695,000	0	—	—	—
Additions of ROU Assets	119,000	0	—	—	—
Purchase of intangible assets accrued for at period end	0	1	0	—	—
Purchase of intangible assets with common stock	0	1	0	—	—

Filings

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