公司概述
LiveOne, Inc. operates as a digital media company focused on the acquisition, distribution, and monetization of live music events, Internet radio, podcasting, vodcasting, music-related memberships, and streaming and video content. The company functions within the Communication Services sector and specifically targets the Entertainment industry, positioning it at the intersection of media consumption and digital content creation. Its operational scale is defined by a market capitalization of $54.52 million, an annual revenue of $77.51 million, and a workforce of 113 employees. These financial metrics indicate that the company holds a modest position in the broader entertainment landscape, reflecting a small-cap status where revenue generation is critical for sustaining operations amidst a competitive digital media environment.
财务健康
LiveOne, Inc. reported a trailing twelve-month revenue of $77.51 million, while simultaneously recording a net income of -$24,683,000 and an EBITDA of -$11,425,000. The significant disparity between the positive revenue figure and the substantial negative net income reveals a cost structure characterized by high operating expenses that consume the majority of top-line earnings, resulting in a profit margin of -30.5%. The company's free cash flow stands at -$7,925,500, which indicates a lack of financial flexibility and suggests that current operational expenditures exceed the cash generated from core business activities. Further analysis of the margins shows a gross margin of 26.7%, an operating margin of -9.6%, and the aforementioned profit margin of -30.5%, collectively signaling that the company struggles to convert sales into sustainable profitability at the operational and bottom-line levels. Regarding liquidity and leverage, the firm holds $8.62 million in cash against $15.44 million in debt, creating a situation where total liabilities exceed available liquid assets. Although specific debt-to-equity data is not available, the negative price-to-book ratio of -2.01 and negative forward P/E of -93.60 suggest a leveraged balance sheet where equity value is currently depressed relative to book value. The current ratio is recorded at 0.54, a figure that indicates the company possesses only 54 cents in current assets for every dollar of current liabilities, highlighting potential short-term liquidity constraints. Additionally, the return on equity is N/A due to the negative equity position, while the return on assets stands at -15.7%, revealing that management's effectiveness in generating returns from the asset base is currently negative.
估值评估
The valuation metrics for LiveOne, Inc. present a complex picture, with a trailing P/E ratio of N/A and a forward P/E of -93.60. The absence of a trailing P/E reflects the company's current unprofitability, while the negative forward P/E implies that analysts or market participants project continued earnings losses in the near term rather than an imminent turnaround. The price-to-book ratio is -2.01, which indicates that the market is valuing the company at a significant discount to its book value, a situation often found in distressed or unprofitable firms where assets may be undervalued or liabilities are overstated. Alternative valuation metrics such as the price-to-sales ratio of 0.70 and the EV/EBITDA of -6.82 suggest that the stock is priced at 70% of its sales, offering a revenue-based perspective that ignores current losses. In terms of trading range, the 52-week high is $9.80 and the 52-week low is $3.70; given the current market cap and negative earnings, the stock is trading well below its 52-week high, reflecting market skepticism regarding its future earnings potential. The beta value is 1.63, which indicates that the stock exhibits high price volatility relative to the broader market, moving approximately 63% more than the market average during periods of fluctuation.
Growth & Income
LiveOne, Inc. experienced a revenue growth rate of -31.2% year-over-year, while the earnings growth rate is N/A due to the company's unprofitable status. The contraction in revenue suggests a challenging business environment or a strategic shift that has impacted top-line performance, whereas the lack of earnings growth data simply reflects the inability to generate positive net income rather than a specific divergence between earnings and revenue growth. As a non-dividend payer, the company has a dividend yield of N/A and a payout ratio of 0.0%, meaning it does not distribute any portion of its earnings to shareholders but instead retains all capital for potential reinvestment or debt reduction. The overall growth and income profile for LiveOne, Inc. is currently characterized by significant revenue contraction and a complete absence of dividend income, necessitating a reliance on operational improvements to reverse the negative trends in both cash flow and profitability.