Live Ventures Clocks 63% Revenue Growth In Q3

  • Live Ventures Inc LIVE reported third-quarter FY21 revenue growth of 63% year-on-year to $69.1 million.
  • Segments: Retail segment revenue grew 52% Y/Y to $21.7 million, Flooring Manufacturing revenue increased 23% Y/Y to $34.2 million, and Steel Manufacturing revenue was $13 million.
  • The operating income rose 37% Y/Y to $8.2 million. The operating income for Retail rose 69% Y/Y to $3.9 million, Flooring Manufacturing decreased 7% Y/Y to $4 million, and Steel Manufacturing was $1.9 million.
  • Basic EPS was $6.35 versus $2.18 last year.
  • Live Ventures held $48.3 million in cash and equivalents. It generated $32.2 million in operating cash flow during the nine months ended Jun. 30.
  • Live Ventures continued to acquire new platforms with an initial investment in Salomon Whitney Financial in June.
  • Price Action: LIVE shares traded higher by 1.77% at $27.336 on the last check Monday.
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