LiveOne, Inc. (LVO) · 10+ Years of Financial statements

Income Statement	2011 Y	2012 Y	2013 Y	2014 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	- -	- -	- -	7	- -	- -	- -	- -	7	34	39	65	117	100
+ Sales & Services Revenue	- -	- -	- -	7	- -	- -	- -	- -	7	34	39	65	117	100
- Cost of Revenue	- -	- -	- -	1	- -	1	- -	1	7	31	33	49	93	67
+ Cost of Goods & Services	- -	- -	- -	1	- -	1	- -	1	7	31	33	49	93	67
Gross Profit	- -	- -	- -	6	- -	6	- -	-1	1	3	6	16	24	33
+ Other Operating Income	- -	- -	- -	- -	- -	6	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	1	1	6	3	3	4	5	15	36	42	46	62	34
+ Selling, General & Admin	- -	- -	1	6	3	3	4	5	11	22	25	30	48	24
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	2	8	11	10	8	5
+ Other Operating Expense	- -	- -	1	- -	1	1	- -	- -	2	7	6	6	6	4
Operating Income (Loss)	- -	-1	-1	- -	-3	-3	-4	-5	-15	-34	-36	-29	-38	-1
- Non-Operating (Income) Loss	- -	- -	- -	- -	- -	2	- -	9	4	4	3	13	6	9
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	1	4	3	4	5	4	7
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	1	4	3	4	5	4	7
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	2	- -	8	- -	- -	-1	7	2	2
Pretax Income	- -	-1	-2	- -	-3	-6	-4	-14	-19	-38	-39	-42	-44	-10
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	- -	-1	-2	- -	-3	-6	-4	-14	-19	-38	-39	-42	-44	-10
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	4	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	-4	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	9	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	- -	-1	-2	- -	-3	-6	-4	-14	-23	-38	-39	-42	-44	-10
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	- -	-1	-2	- -	-3	-6	-4	-14	-23	-38	-39	-42	-44	-10
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	- -	-1	-2	- -	-3	-6	-4	-14	-23	-38	-39	-42	-44	-10
Basic Weighted Avg Shares	3	4	4	- -	5	25	30	33	40	52	56	69	79	85
Basic EPS, GAAP	-0.01	-0.21	-0.39	- -	-0.65	-0.22	-0.12	-0.44	-0.59	-0.73	-0.69	-0.61	-0.56	-0.12
Basic EPS from Cont Ops	-0.01	-0.21	-0.39	- -	-0.65	-0.22	-0.12	-0.44	-0.48	-0.73	-0.69	-0.61	-0.56	-0.12
Diluted Weighted Avg Shares	3	4	4	- -	5	25	30	33	40	52	56	69	79	85
Diluted EPS, GAAP	-0.01	-0.21	-0.39	- -	-0.65	-0.22	-0.12	-0.44	-0.59	-0.73	-0.69	-0.61	-0.56	-0.12
Diluted EPS from Cont Ops	-0.01	-0.21	-0.39	- -	-0.65	-0.22	-0.12	-0.44	-0.48	-0.73	-0.69	-0.61	-0.56	-0.12
EBITDA	- -	-1	-1	1	-3	-3	-4	-5	-12	-27	-28	-21	-28	7
EBITDA Margin (%)	-97.13	- -	- -	7.7	- -	- -	- -	-2,427.11	-171.52	-78.65	-72.36	-31.58	-24.12	7.17
EBITA	- -	-1	-1	- -	-3	-3	-4	-5	-15	-34	-36	-29	-38	-1
EBIT	- -	-1	-1	- -	-3	-3	-4	-5	-15	-34	-36	-29	-38	-1
Gross Margin (%)	100	- -	- -	85.34	- -	- -	- -	-224.44	6.96	7.51	15.19	24.9	20.54	32.96
Operating Margin (%)	-97.13	- -	- -	4.71	- -	- -	- -	-2,437.78	-206.77	-100.57	-93.11	-45.03	-32.35	-0.83
Profit Margin (%)	-97.13	- -	- -	1.75	- -	- -	- -	-6,333.33	-324.34	-112.05	-100.69	-64.11	-37.53	-10.06
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	9,375	110,692	443,434	354,670	287,357	585,095	603,703
Dividend per Share	- -	- -	- -	- -	- -	0.02	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	- -	- -	- -	- -	- -	3	7	8	9	10	8

Balance Sheet	2011 Y	2012 Y	2013 Y	2014 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	- -	- -	- -	2	- -	- -	- -	1	19	20	18	35	31	28
+ Cash, Cash Equivalents & STI	- -	- -	- -	1	- -	- -	- -	1	10	14	6	19	13	8
+ Cash & Cash Equivalents	- -	- -	- -	1	- -	- -	- -	1	10	14	6	19	13	8
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -	- -	- -	3	4	4	11	14	14
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	3	4	4	11	14	14
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	3	3
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	3	3
+ Other ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	5	2	8	4	2	3
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	1	- -	5	5	- -	49	39	36	50	46	38
+ Property, Plant & Equip, Net	- -	- -	- -	1	- -	- -	- -	- -	- -	3	3	4	5	3
+ Property, Plant & Equip	- -	- -	- -	3	- -	- -	- -	- -	1	4	12	16	20	22
- Accumulated Depreciation	- -	- -	- -	2	- -	- -	- -	- -	- -	1	9	12	15	19
+ LT Investments & Receivables	- -	- -	- -	- -	- -	4	5	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	4	5	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	- -	- -	- -	- -	49	37	33	46	41	35
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	49	37	33	45	40	34
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	5	10	10	23	23	23
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	43	27	23	22	17	11
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	- -
Total Assets	- -	- -	- -	3	- -	5	5	2	68	59	54	86	77	66
+ Payables & Accruals	- -	- -	- -	1	1	2	2	1	20	31	44	45	59	35
+ Accounts Payable	- -	- -	- -	1	1	- -	- -	1	11	18	27	19	30	11
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	1	1	- -	9	13	17	26	29	24
+ ST Debt	- -	- -	- -	- -	- -	1	3	4	5	2	3	5	- -	5
+ ST Borrowings	- -	- -	- -	- -	- -	1	3	4	5	2	3	5	- -	5
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	4
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	1
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3
Total Current Liabilities	- -	- -	- -	1	1	3	5	5	26	34	48	51	60	44
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	4	15	13	20	27	7
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	4	15	13	19	27	7
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
+ Other LT Liabilities	- -	- -	1	1	1	- -	- -	- -	- -	- -	- -	6	1	15
+ Accrued Liabilities	- -	- -	- -	1	- -	1	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	1	- -	1	-1	- -	- -	- -	- -	- -	6	- -	15
Total Noncurrent Liabilities	- -	- -	1	1	1	- -	- -	- -	4	15	13	27	28	22
Total Liabilities	- -	- -	1	2	2	3	5	5	30	49	61	78	88	67
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	16
+ Share Capital & APIC	- -	- -	1	- -	4	13	14	25	90	99	121	178	203	209
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	1	- -	4	12	14	25	90	99	121	178	203	209
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2
+ Retained Earnings	- -	-1	-2	- -	-6	-10	-14	-28	-51	-89	-128	-170	-214	-224
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	- -	- -	-1	- -	-2	3	- -	-3	38	9	-7	8	-11	-1
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	- -	- -	-1	- -	-2	2	- -	-3	38	9	-7	8	-11	-1
Total Liabilities & Equity	- -	- -	- -	3	- -	5	5	2	68	59	54	86	77	66
Shares Outstanding	3	4	4	- -	6	29	31	35	51	52	59	77	83	87
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	- -
Net Debt	- -	- -	- -	-1	- -	1	3	3	-2	4	11	6	14	3
Net Debt to Equity	-67.17	-33.44	-33.79	-264.53	-23.78	53.15	1,352.01	-79.36	-4.1	39.56	-149.34	67.64	-126.05	-343.53
Tangible Common Equity Ratio	94.22	-260.06	-1,253.19	9.76	-498.97	47.76	4.42	-218.89	-54.72	-121.85	-188.27	-90.83	-138.91	-163.96
Current Ratio	17.32	0.5	0.16	1.31	0.28	0.01	0.01	0.32	0.73	0.57	0.37	0.69	0.52	0.62
Cash Conversion Cycle	- -	- -	- -	-92.61	- -	- -	- -	-255.85	-238.72	-132.06	-211.87	-110.15	-46.57	-46.66
Number of Employees	- -	- -	- -	- -	1	62	64	24	65	76	109	227	200	165

Cash Flow Statement	2011 Y	2012 Y	2013 Y	2014 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	- -	-1	-2	- -	-3	-6	-4	-14	-21	-38	-39	-42	-44	-10
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -	- -	- -	3	7	8	9	10	8
+ Non-Cash Items	- -	- -	- -	- -	1	3	- -	11	10	14	12	19	16	1
+ Stock-Based Compensation	- -	- -	- -	- -	1	3	- -	- -	3	9	12	11	13	3
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	1	- -	11	6	5	- -	8	3	-4
+ Chg in Non-Cash Work Cap	- -	- -	- -	-1	1	1	- -	- -	1	10	14	5	9	-3
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	1	3	-3	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	-1	1	- -	-1	1	-2
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	1	1	- -	- -	2	11	13	2	11	- -
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	-1	-1	- -	-1	-1	-3	-3	-6	-6	-5	-10	-9	-4
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	-3	-3	-3	-4	-2
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	-3	-3	-3	-4	-2
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -	- -	2	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	- -	- -	- -	- -	-1	- -	2	-2	-3	-2	-1	-4	-2
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	2	2	2	9	-3	7	7	4
+ Cash From Debt	- -	- -	- -	- -	- -	1	2	2	4	13	- -	18	7	5
+ Repayments of Debt	- -	- -	- -	- -	- -	-1	- -	-1	-2	-4	-3	-11	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	1	- -	1	1	1	1	19	- -	10	8	- -	-2
+ Increase in Capital Stock	- -	- -	1	- -	1	1	1	1	19	- -	10	8	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2
+ Other Financing Activities	- -	- -	- -	- -	- -	1	- -	-1	- -	- -	-1	2	1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	1	1	- -	2	1	3	2	21	8	6	17	7	2
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	- -	- -	- -	- -	- -	- -	1	12	- -	-2	6	-6	-5
EBITDA	- -	-1	-1	1	-3	-3	-4	-5	-12	-27	-28	-21	-28	7
EBITDA Margin (%)	-97.13	- -	- -	7.7	- -	- -	- -	-2,427.11	-171.52	-78.65	-72.36	-31.58	-24.12	7.17
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	-2	- -	- -
Free Cash Flow	- -	-1	-1	- -	-1	-1	-3	-3	-6	-8	-7	-13	-13	-6
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	- -	-1	- -	-1	-1	-1	-1	-4	- -	-10	-6	-6	14
Free Cash Flow per Basic Share	-0.01	-0.16	-0.18	- -	-0.28	-0.04	-0.1	-0.1	-0.15	-0.16	-0.13	-0.18	-0.16	-0.07
Price/Free Cash Flow	- -	- -	-59.58	- -	-42.68	-150.96	-136.26	-559.67	-23.57	-77.87	-31.75	-40.99	-10.76	-54.77
Cash Flow to Net Income	1.46	0.77	0.46	-0.43	0.43	0.17	0.8	0.22	0.25	0.15	0.13	0.23	0.21	0.38

LiveOne, Inc.

LVO US

1.82