Update: LiveOne (Nasdaq: LVO) Anticipates Record Q4 and FY24 Results
APR 22, 2024 10:22AM EDT – FY24: Expects $118.5M revenue, $14.4M Adjusted EBITDA* (excluding $3.5M CPS division loss) – Q4 FY24: Expects $30.3M revenue, $4.3M Adjusted EBITDA* (excluding $1.6M CPS loss) – LVO Anticipates Completing CPS restructuring adding $3M Adjusted EBITDA* in FY25 – Maintains FY25 guidance: $140M-$155M revenue and $16M-$20M Adjusted EBITDA* – Audio Division FY25 guidance: $130M-$140M revenue, $20M-$25M Adjusted EBITDA* and $17M+ positive cash flow – Repurchased ~4M shares since program inception, with $5M remaining dedicated…