Live Ventures Reports Q3 Revenue Decline but Profitability Improvement

Live Ventures Incorporated reported its financial results for the third quarter and nine months ended June 30, 2025, revealing a decrease in revenue and a notable improvement in profitability compared to the same period last year. The company generated revenue of $112.5 million for the quarter, down 9.2% from $123.9 million in the prior year. For the nine-month period, revenue totaled $331.1 million, an 8.1% decline from $360.1 million. Despite the revenue drop, the company achieved a net income of $5.4 million for the quarter, a significant turnaround from a net loss of $2.9 million in the same quarter of 2024. For the nine months, net income reached $21.7 million, compared to a loss of $6.8 million in the previous year.

The decrease in revenue was primarily attributed to declines in the Retail-Flooring and Steel Manufacturing segments, which saw reductions of approximately $12 million and $5.4 million, respectively. However, the Retail-Entertainment segment experienced a revenue increase of 15.2%, contributing positively to the overall performance. Gross profit margins improved to 34.0% for the quarter, up from 29.9% a year earlier, driven by enhanced efficiencies in the Steel Manufacturing segment and a favorable product mix in Flooring Manufacturing.

In terms of operational developments, Live Ventures has been active in acquisitions, including the purchase of Central Steel in May 2024, which has contributed to improved margins. The company also reported a decrease in general and administrative expenses by 12.6% to $26.3 million for the quarter, reflecting targeted cost reduction initiatives. Sales and marketing expenses were reduced by 31.5%, indicating a strategic shift in spending in response to market conditions.

As of June 30, 2025, Live Ventures had total assets of $387.5 million, down from $407.5 million at the end of the previous fiscal year. The company reported a working capital increase to $66.6 million, up from $52.3 million, primarily due to reductions in current liabilities. Cash on hand increased to $7.6 million, with net cash provided by operating activities reaching $21.9 million for the nine months, compared to $13.9 million in the prior year.

Looking ahead, Live Ventures remains focused on strategic acquisitions and operational efficiencies to drive growth. The company believes that its current cash balances, along with cash generated from operations and available credit, will provide sufficient liquidity to support its operations and strategic initiatives over the next 12 months. The management is also addressing identified weaknesses in internal controls over financial reporting, with plans to enhance these processes during the fiscal year ending September 30, 2025.