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Live Ventures Incorporated (LIVE)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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Previous Close23.65
Open24.25
Bid0.00 x 1000
Ask0.00 x 1100
Day's Range22.85 - 24.41
52 Week Range3.49 - 36.00
Volume28,310
Avg. Volume149,513
Market Cap37.838M
Beta (5Y Monthly)0.99
PE Ratio (TTM)5.36
EPS (TTM)4.54
Earnings DateFeb 16, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJul 12, 2005
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Live Ventures Announces First Quarter Fiscal 2021 Financial Results
    GlobeNewswire

    Live Ventures Announces First Quarter Fiscal 2021 Financial Results

    Company reports record quarterly revenue of $62.5 millionLAS VEGAS, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company, today announced financial results for its first fiscal quarter ended December 31, 2020. The company reported record revenues of $62.5 million, and basic EPS of $3.45, which represents an increase of 49% and 1,050%, respectively, over the same quarter last year. The company also reported net income attributable to Live Ventures’ stockholders of $5.4 million1, and operating income of $7.3 million, representing an increase of 889% and 109%, respectively, over the same period last year. During the quarter, the company repurchased 33,926 shares of its common stock at an average price of $10.97 per share. At December 31, 2020, the company reported total assets of $190.6 million, total liabilities of $142.0 million and total cash and availability under its various lines of credit $40.2 million. Stockholders’ equity stood at $48.6 million, or $31.24 per basic common share2. “I am very pleased with our start to fiscal 2021, with meaningful, and significant improvements in quarterly financial results” said Jon Isaac, Live Ventures’ President and CEO. ______________1 Net income includes one-time gains of $0.7 million related to the settlement of historical payables in the company’s legacy businesses and a lease liability at ApplianceSmart.2 For a reconciliation of stockholders’ equity per basic common share, see the Non-GAAP Measure Reconciliation at the end of this press release. Highlights of fiscal 2021, compared to the same period last year include: Revenues of $62.5 million; up 49%;Gross profit of $22.3 million; up 34%;Operating income of $7.3 million, up 109%;Earnings per basic share of $3.45; up 1,050%;Repurchase of 33,926 shares of common stock at an average price of $10.97 per share; andNet cash provided by operating activities of $7.7 million. Non-GAAP Financial Information Live Ventures believes that stockholders’ equity per basic common share provides an additional tool for investors to use in evaluating the company’s operating results and trends, and therefore we are providing in this press release stockholders’ equity per basic common share, which is not a measure of our financial performance or position under United States Generally Accepted Accounting Principles (“GAAP”). Accordingly, stockholders’ equity per basic common share should not be considered in isolation or as a substitute for measures prepared in accordance with GAAP. This measure should be read in conjunction with our net earnings, operating income, basic and diluted earnings per share data, and other financial data prepared in accordance with GAAP. The Company defines stockholders’ equity per basic common shares as total stockholders’ equity divided by basic weighted average common shares outstanding for the period. A reconciliation of the Company’s net income per basic common share per GAAP to stockholders’ equity per common share is included in the Non-GAAP Measure Reconciliation provided at the end of this press release. About Live Ventures Live Ventures Incorporated, originally incorporated in 1968, is a diversified holding company with several wholly owned subsidiaries and a strategic focus on acquiring profitable companies that have demonstrated a strong history of earnings power. Through its subsidiary Marquis Industries, the company manufactures and sells residential and commercial carpets primarily in North America. Marquis Industries also designs, sources and sells hard-surface flooring. Through its subsidiary Precision Marshall, the company manufactures and sells steel in four product categories: Deluxe Alloy Plate, Deluxe Tool Steel Plate, Precision Ground Flat Stock, and Drill Rod. Through its subsidiary Vintage Stock, an award-winning entertainment retailer, the company sells new and pre-owned movies, classic and current generation video games and systems, music on CD & LP, collectible comics, books, toys, and more. Vintage Stock, through its stores and website, ships product worldwide directly to the customer’s doorstep. Through its subsidiary ApplianceSmart, the company sells new major household appliances in the United States through a company-owned retail store in Columbus, Ohio operating under the name ApplianceSmart®. All Live Ventures companies are rooted in their local communities where they contribute to the local economy and serve as responsible corporate neighbors. Contact:Live Ventures IncorporatedTim Matula, Investor Relations(425) 836-9035tmatula@liveventures.comhttp://liveventures.com Source: Live Ventures Incorporated LIVE VENTURES INCORPORATEDUNAUDITED NON-GAAP MEASURE RECONCILIATION(dollars in thousands, except per share) For the Quarter Ended December 31, 2020 Net income applicable to Live stockholders$5,413 Basic weighted average common shares outstanding 1,568,213 Basic earnings per share$3.45 As of December 31, 2020 Net income applicable to Live Ventures’ stockholders$5,413 Common Stock 2 Paid in capital 64,489 Treasury stock common (4,481)Treasury stock Series E (7)Accumulated deficit as of September 30, 2020 (16,429)Total stockholders’ equity attributable to Live Ventures’ stockholders$48,987 Weighted average common shares outstanding 1,568,213 Stockholders’ equity per basic common share$31.24

  • GlobeNewswire

    Live Ventures Announces Full Repayment of $24 Million Term Loan

    LAS VEGAS, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company, announced that its subsidiary, Vintage Stock, has repaid in full its $24 million term loan debt to Comvest Credit Partners. Jon Isaac, Live Ventures’ President and CEO, said that, “Eliminating the term loan obligation and associated interest expense represents a significant milestone for our company. What originally began as a $30 million term loan in connection with our acquisition of Vintage Stock, and subsequently refinanced at $24 million, has now been fully repaid. By eliminating the drag of interest expense, we are in a stronger position to deploy cash to other initiatives, such as new acquisitions.” In the company’s January 13, 2021 earnings release, Mr. Isaac had noted that Vintage Stock weathered the Covid-19 crisis through various strategic actions. Though its stores had to close for an average 45 days, “Vintage Stock took advantage of the closures to implement effective cost cutting initiatives, including reducing store hours and headcount, cutting rent, and improving the efficiency of processes.” At the same time, the forced shuttering of arenas, theaters and other out-of-home venues around the nation raised demand for Vintage Stock’s new and used in-home entertainment merchandise. About Live Ventures Live Ventures Incorporated, originally incorporated in 1968, is a diversified holding company with several wholly owned subsidiaries and a strategic focus on acquiring profitable companies that have demonstrated a strong history of earnings power. Through its subsidiary Marquis Industries, the company manufactures and sells residential and commercial carpets primarily in North America. Marquis Industries also designs, sources and sells hard-surface flooring. Through its subsidiary Precision Marshall, the company manufactures and sells steel in four product categories: Deluxe Alloy Plate, Deluxe Tool Steel Plate, Precision Ground Flat Stock, and Drill Rod. Through its subsidiary Vintage Stock, an award-winning entertainment retailer, the company sells new and pre-owned movies, classic and current generation video games and systems, music on CD & LP, collectible comics, books, toys, and more. Vintage Stock, through its stores and website, ships product worldwide directly to the customer’s doorstep. Through its subsidiary Precision Industries, the company sells premium tool steels and specialty alloys. Through its subsidiary ApplianceSmart, the company sells new major household appliances in the United States through a company-owned retail store in Columbus, Ohio operating under the name ApplianceSmart®. All Live Ventures companies are rooted in their local communities where they contribute to the local economy and serve as responsible corporate neighbors. Contact:Live Ventures IncorporatedTim Matula, Investor Relations(425) 836-9035tmatula@liveventures.comhttp://liveventures.comSource: Live Ventures Incorporated

  • Live Ventures: Debt Insights
    Benzinga

    Live Ventures: Debt Insights

    Over the past three months, shares of Live Ventures (NASDAQ:LIVE) increased by 81.40%. Before we understand the importance of debt, let us look at how much debt Live Ventures has.Live Ventures's Debt According to the Live Ventures's most recent financial statement as reported on January 13, 2021, total debt is at $87.60 million, with $63.39 million in long-term debt and $24.21 million in current debt. Adjusting for $8.98 million in cash-equivalents, the company has a net debt of $78.62 million.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.Shareholders look at the debt-ratio to understand how much financial leverage a company has. Live Ventures has $197.26 million in total assets, therefore making the debt-ratio 0.44. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 35% might be higher for one industry and normal for another.Why Shareholders Look At Debt? Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.However, due to interest-payment obligations, cash-flow of a company can be impacted. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from Benzinga * Click here for options trades from Benzinga * 12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session * 12 Consumer Discretionary Stocks Moving In Thursday's Pre-Market Session(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.