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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