The massive Adjusted EBITDA swing is the headline, but it is a non-GAAP metric heavily inflated by stock-based compensation add-backs ($6.2M in Other Stock-Based Compensation alone). The GAAP net loss of -$3.1M and the company's ongoing reliance on equity to settle liabilities (as seen in the recent 424B5) suggest the fundamental cash-burn story hasn't changed. Monitor the upcoming 10-Q for cash flow from operations and any further dilution from stock-for-service deals.
Price Chart
Executive Summary
LiveOne reported Q1 Fiscal 2027 revenue of $19.35M, roughly in line with the prior year's $19.21M, and a net loss per share of -$0.23. The headline is a massive swing to positive Adjusted EBITDA of $4.3M (from -$1.8M a year ago), driven by cost cuts and improved Audio Division margins. However, the stock's $63M market cap and the company's history of going-concern warnings and dilutive stock-for-service deals make the GAAP net loss and minimal revenue growth the dominant signals, not the non-GAAP EBITDA improvement.
Key Financial Metrics
Key Facts
- Revenue was $19.35M, up 0.7% YoY from $19.21M.
- GAAP net loss per share was -$0.23, improving from -$0.40 YoY.
- Adjusted EBITDA swung to positive $4.3M from -$1.8M YoY, a $6.1M improvement.
- Audio Division Adjusted EBITDA hit a record $6.3M.
- Cash increased by $3.3M to $8.6M, and total liabilities were reduced by $5.5M.
- The company still has a stockholders' deficit of -$5.0M and a history of going-concern risk.
- A 424B5 filing 13 days prior involved issuing 70,000 shares at $7.50 to settle fees, with no cash proceeds.
Financial Impact
Revenue growth of $0.14M YoY is negligible. The $6.1M swing in Adjusted EBITDA is significant for a $63M market cap company but is a non-GAAP metric that includes large stock-based compensation add-backs.
Risk Factors
- GAAP net loss continues despite Adjusted EBITDA profitability, indicating significant non-cash charges and potential cash burn.
- The company has a history of going-concern warnings and a stockholders' deficit, signaling balance sheet fragility.
- Recent stock-for-service deals (424B5) dilute existing shareholders without bringing in cash.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-088072 |
| Document: ea0301723-8k_liveone.htm | 0001213900-26-088072 |
| Document: ea030172301ex99-2.htm | 0001213900-26-088072 |
| Document: 0001213900-26-088072-index-headers.html | 0001213900-26-088072 |
| Document: 0001213900-26-088072-index.html | 0001213900-26-088072 |
| Document: 0001213900-26-088072.txt | 0001213900-26-088072 |
| 8-K Data (Synthetic) | 0001213900-26-088072 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | Press Release | $3.32 $2.58 | ▼ −22.29% | ▼ −22.14% | $2.63 (−20.78%) |
Aug 12, 2026 7w ago | Press Release | $4.03 $3.94 | ▲ +2.23% | ▲ +0.34% | $2.63 (+34.74%) |
Aug 12, 2026 7w ago | 8-K | $4.03 $3.94 | ▼ −2.23% | ▼ −0.34% | $2.63 (−34.74%) |
Aug 4, 2026 8w ago | Press Release | $4.15 $3.32 | ▼ −20.00% | ▼ −19.40% | $2.63 (−36.63%) |
Jul 30, 2026 9w ago | 424B5 | $4.52 $3.96 | ▼ −12.39% | ▼ −16.35% | $2.63 (−41.81%) |
Jul 28, 2026 9w ago | DEFA14A | $4.39 $3.80 | ▼ −13.44% | ▼ −18.46% | $2.63 (−40.09%) |
Jun 3, 2026 17w ago | Press Release | $6.27 $5.66 | ▼ −9.73% | ▼ −8.73% | $2.63 (−58.05%) |
May 18, 2026 19w ago | Press Release | $6.22 $6.28 | ▲ +0.96% | ▼ −0.62% | $2.63 (−57.72%) |
May 11, 2026 20w ago | Press Release | $5.04 $6.14 | ▲ +21.83% | ▲ +22.13% | $2.63 (−47.82%) |
May 1, 2026 22w ago | 8-K | $5.18 $6.67 | ▲ +28.76% | ▲ +23.12% | $2.63 (−49.23%) |
US Market Status
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