Live Ventures (LIVE) investor relations material

Executive summary

• Revenue for Q3 2025 was $112.5M, down 9.2% year-over-year, but all four operating segments achieved higher operating income and margin despite market softness.

• Net income improved to $5.4M (EPS $1.24) from a net loss of $2.9M (EPS -$0.91) in the prior year, aided by one-time gains.

• Adjusted EBITDA more than doubled to $13.2M, reflecting significant cost reductions and operational improvements.

• Strategic cost-saving initiatives and new leadership in retail flooring drove operational improvements.

• Operating cash flow for the nine months increased 58% to $21.9M, supporting financial flexibility.

Financial highlights

• Q3 2025 revenue: $112.5M (down 9.2% year-over-year); gross profit: $38.3M; gross margin: 34.0% (up from 29.9%).

• Net income: $5.4M; diluted EPS: $1.24 (up from -$0.91); operating income: $8.0M (up from $1.1M).

• Adjusted EBITDA: $13.2M (up from $6.1M); adjusted EBITDA margin: 11.7% (up from 4.9%).

• General and administrative expenses fell 12.6% to $26.3M; sales and marketing expenses dropped 31.5% to $4M.

• Cash on hand as of June 30, 2025: $7.6M; total cash and credit availability: $37.1M.

Outlook and guidance

• Management expects further margin and cost improvements, especially in retail flooring, with ongoing initiatives such as lease negotiations.

• Sufficient liquidity is expected for at least the next 12 months, with continued focus on operational excellence and efficiency.

• Cautious optimism for revenue recovery as interest rates may decline, but market volatility and consumer demand remain uncertain.

• The company continues to pursue acquisitions and may raise additional funds as needed.