What are the investment strengths of LiveOne Inc (LVO)?

P/S of 0.66x is 55% below industry median 1.48x - if turnaround succeeds, multiple expansion potential exists. Gross margin 20.8% survived revenue collapse - cost structure partially variable, not fixed-cost death spiral.

What are the investment risks for LiveOne Inc (LVO)?

Negative equity (-24.2M) with 15.7M debt creates 0.65 debt/assets ratio - balance sheet cannot absorb further losses. Operating margin -15% vs industry +3.5% median - losing money on every dollar of revenue with no path to profitability visible.

LiveOne Inc

LVO

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LiveOne Inc AI Insights

Informational only. Not investment advice.

As of 2025-12-16

Snapshot

Negative equity of -24.2M with goodwill (21.7M) representing 40% of total assets - balance sheet structurally impaired.[Common Stockholders Equity]
Revenue down 42% YoY (86.7M TTM) vs industry median +6.6% - severe demand destruction while peers grow.[Total Revenue 1Y Growth]
FCF of -15.6M TTM with only 11.7M cash - runway under 9 months without capital raise or turnaround.[Free Cash Flow]

Watch Triggers

Cash and Equivalents: Falls below 8M — Would signal imminent dilutive raise or bankruptcy risk within 6 months
Total Revenue 1Y Growth: Turns positive — Would indicate demand stabilization - first sign turnaround possible
Operating Income: Improves to -5M or better — Would extend runway and reduce dilution risk materially

Bull Case

P/S of 0.66x is 55% below industry median 1.48x - if turnaround succeeds, multiple expansion potential exists.

P/S RatioEnterprise Value

Gross margin 20.8% survived revenue collapse - cost structure partially variable, not fixed-cost death spiral.

Gross MarginCost of Revenue

Bear Case

Negative equity (-24.2M) with 15.7M debt creates 0.65 debt/assets ratio - balance sheet cannot absorb further losses.

Total EquityTotal DebtTotal Assets

Operating margin -15% vs industry +3.5% median - losing money on every dollar of revenue with no path to profitability visible.

Operating MarginOperating Income

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

20%

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Forward Thesis

Liquidity crisis likely within 12 months absent capital raise or dramatic cost cuts.

3-12mhigh

Cash burn of 15.6M/year vs 11.7M cash
Negative working capital of -13.1M
Current liabilities 3x current assets

FCF -15.6M TTMCash 11.7M, current liabilities 35.5MWorking capital -13.1M

Valuation Context

Caveats

Public Strategies Rankings

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LVO Fundamentals

Arts, Entertainment, and Recreation → Performing Arts, Spectator Sports, and Related Industries

Metric	Value	YoY Growth	Industry Percentile
Market Cap	$55.56M		—
Enterprise Value	$62.38M		—
P/E Ratio	0.00		—
Total Revenue - TTM	$77.51M	-38.5%	—
Earnings Per Share (diluted) - TTM	$-2.38		—
Operating Margin - TTM	-17.6%	-14.0%	—
Net Margin - TTM	-30.5%	-22.1%	—
Free Cash Flow - TTM	$-21.28M		—
Return on Common Equity - TTM	0%		—
Beta 5Y (Monthly)	unknown		—

LVO Dividend History

No dividends

LVO Stock Splits

3 stock splits

09/26/2510:1 split

10/17/173:1 split

09/28/161:2 split

LVO SEC Filings

Filing Date	Report Date	Report Type	Filing Link
02/13/26	12/31/25	10-Q	0001437749-26-004111
11/14/25	09/30/25	10-Q	0001437749-25-035107
08/14/25	06/30/25	10-Q	0001437749-25-026903
07/15/25	03/31/25	10-K	0001437749-25-022739
02/14/25	12/31/24	10-Q	0001437749-25-003961
11/14/24	09/30/24	10-Q	0001437749-24-035385
08/13/24	06/30/24	10-Q	0001437749-24-026422
07/01/24	03/31/24	10-K	0001437749-24-021725
02/13/24	12/31/23	10-Q	0001437749-24-003800
11/20/23	09/30/23	10-Q	0001437749-23-032626
08/15/23	06/30/23	10-Q	0001213900-23-067374
06/29/23	03/31/23	10-K	0001213900-23-053022
02/14/23	12/31/22	10-Q	0001213900-23-011502
11/17/22	09/30/22	10-Q	0001213900-22-073427
08/15/22	06/30/22	10-Q	0001213900-22-048169
06/29/22	03/31/22	10-K	0001213900-22-035870
02/14/22	12/31/21	10-Q	0001213900-22-007503
10/29/21	09/30/21	10-Q	0001213900-21-055470
08/16/21	06/30/21	10-Q	0001213900-21-042971
07/14/21	03/31/21	10-K	0001213900-21-036869
02/16/21	12/31/20	10-Q	0001213900-21-009670
11/16/20	09/30/20	10-Q	0001213900-20-037379
08/14/20	06/30/20	10-Q	0001213900-20-022043
06/26/20	03/31/20	10-K	0001213900-20-015918
02/07/20	12/31/19	10-Q	0001213900-20-002910
11/08/19	09/30/19	10-Q	0001213900-19-022586
08/08/19	06/30/19	10-Q	0001213900-19-014997
06/24/19	03/31/19	10-K	0001213900-19-011269
02/13/19	12/31/18	10-Q	0001213900-19-002273
11/14/18	09/30/18	10-Q	0001213900-18-015649
08/20/18	06/30/18	10-Q	0001213900-18-011436
06/29/18	03/31/18	10-K	0001213900-18-008498
02/14/18	12/31/17	10-Q	0001213900-18-001893
11/14/17	09/30/17	10-Q	0001213900-17-012102
08/14/17	06/30/17	10-Q	0001213900-17-008708
06/14/17	03/31/17	10-K	0001213900-17-006483
02/13/17	12/31/16	10-Q	0001615774-17-000570
11/14/16	09/30/16	10-Q	0001615774-16-008266
08/19/16	06/30/16	10-Q	0001615774-16-006885
07/19/16	03/31/16	10-K	0001615774-16-006370
02/22/16	12/31/15	10-Q	0001615774-16-004273
11/23/15	09/30/15	10-Q	0001615774-15-003447
08/18/15	06/30/15	10-Q	0001615774-15-002286
07/14/15	03/31/15	10-K	0001615774-15-001776
02/17/15	12/31/14	10-Q	0001615774-15-000299
11/14/14	09/30/14	10-Q	0001615774-14-000353
08/19/14	06/30/14	10-Q	0001615774-14-000070
07/29/14	04/27/14	10-K	0001607491-14-000034
03/12/14	01/31/14	10-Q	0001144204-14-015093
12/16/13	10/31/13	10-Q	0001144204-13-067541
09/16/13	07/31/13	10-Q	0001144204-13-051032
07/29/13	04/30/13	10-K	0001144204-13-041723
03/18/13	01/31/13	10-Q	0001144204-13-015629
12/12/12	10/31/12	10-Q	0001144204-12-067622
09/14/12	07/31/12	10-Q	0001144204-12-051575
08/15/12	04/30/12	10-K	0001144204-12-046022
03/21/12	01/31/12	10-Q	0001144204-12-016236
12/20/11	10/31/11	10-Q	0001144204-11-070791
08/23/11	07/31/11	10-Q	0001491419-11-000008
06/23/11	04/30/11	10-K	0001491419-11-000003
05/11/11	01/31/11	10-Q	0001491419-11-000002
05/11/11	10/31/10	10-Q	0001491419-11-000001
08/23/11	07/31/10	10-Q	0001491419-11-000008