Live Ventures Announces Preliminary Record Quarterly Revenue For Fiscal Q2
May 04 2021 - 8:30AM
Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding
company, today announced preliminary record quarterly revenue for
the second fiscal quarter ended March 31, 2021.
The company expects revenues for the quarterly
period ended March 31, 2021 to be in the range of $68 million to
$72 million, representing an increase of 46-55% compared to the
same period last year.
“We experienced strong performance across our
platform,” Live Ventures' President and Chief Executive Officer Jon
Isaac said, “and we are excited to share our potential record
performance in full on May 17th.”
Live Ventures intends to file its Quarterly
Report on Form 10-Q for the quarterly period ended March 31, 2021
on May 17, 2021.
Forward-Looking and Cautionary
Statements
The company has not yet closed and not yet
finalized its financial statement review process for the second
fiscal quarter ended March 31, 2021. As a result, the information
in this release is preliminary and based upon information available
to the company as of the date of this release, and therefore
remains subject to the completion of the normal quarter-end
accounting procedures and adjustments. During the course of the
company’s review, items may be identified that would require the
company to make adjustments, which could result in changes to its
preliminary selected financial information above. As a result, the
preliminary selected financial information above is forward-looking
information and subject to risks and uncertainties, including
possible adjustments to such information.
This press release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. In accordance with the safe harbor
provisions of this Act, statements contained herein that look
forward in time that include everything other than historical
information, involve risks and uncertainties that may affect the
company’s actual results, including but not limited to when the
company expects to file its Quarterly Report on Form 10-Q for the
quarterly period ended March 31, 2021 and whether the company
achieves record financial performance for such fiscal quarter.
These forward-looking statements can be identified by terminology
such as “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates,” and similar statements. Live
Ventures may also make written or oral forward-looking statements
in its periodic reports to the U.S. Securities and Exchange
Commission on Forms 10-K and 10-Q, Current Reports on Form 8-K, in
its annual report to stockholders, in press releases and other
written materials and in oral statements made by its officers,
directors, or employees to third parties. There can be no assurance
that such statements will prove to be accurate and there are a
number of important factors that could cause actual results to
differ materially from those expressed in any forward-looking
statements made by the company, including, but not limited
to, plans and objectives of management for future operations
or products, the market acceptance or future success of our
products, and our future financial performance. The company
cautions that these forward-looking statements are further
qualified by other factors including, but not limited to, those set
forth in the company’s Annual Report on Form 10-K for the fiscal
year ended September 30, 2020 (available
at http://www.sec.gov). Live Ventures undertakes no obligation
to publicly update or revise any statements in this release,
whether as a result of new information, future events, or
otherwise.
About Live Ventures
Originally incorporated in 1968, Live Ventures
Incorporated is a diversified holding company with several wholly
owned subsidiaries and a strategic focus on acquiring profitable
companies that have demonstrated a strong history of earnings
power. Through its subsidiary Marquis Industries, the company
manufactures and sells residential and commercial carpets primarily
in North America. Marquis Industries also designs, sources and
sells hard-surface flooring. Through its subsidiary Precision
Marshall, the company manufactures and sells steel in four product
categories: deluxe alloy plate, deluxe tool steel plate, precision
ground flat stock, and drill rod. Through its subsidiary Vintage
Stock, an award-winning entertainment retailer, the company sells
new and pre-owned movies, classic and current generation video
games and systems, music on CD & LP, collectible comics, books,
toys, and more. Vintage Stock, through its stores and website,
ships product worldwide directly to the customer’s doorstep.
Through its subsidiary Precision Industries, the company sells
premium tool steels and specialty alloys. Through its subsidiary
ApplianceSmart, the company sells new major household appliances in
the United States through a company-owned retail store in Columbus,
Ohio operating under the name ApplianceSmart®. All Live Ventures
companies are rooted in their local communities where they
contribute to the local economy and serve as responsible corporate
neighbors.
Contact:
Live Ventures IncorporatedTim Matula, Investor
Relations(425)
836-9035tmatula@liveventures.comhttp://liveventures.comSource: Live
Ventures Incorporated
Live Ventures (NASDAQ:LIVE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Live Ventures (NASDAQ:LIVE)
Historical Stock Chart
From Jul 2023 to Jul 2024