Live Ventures Announces Financial Results for Fiscal 2019
Live Ventures Incorporated (LIVE)
US:NASDAQ Investor Relations:
ir.live-ventures.com
Company Research
Source: GlobeNewswire
LAS VEGAS, Feb. 10, 2020 (GLOBE NEWSWIRE) -- Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company, today announced financial results for the fiscal year 2019, which ended September 30, 2019. The company reported revenue of approximately $193 million and total assets of $122 million. The company repurchased a record 119,238 shares of common stock during the fiscal year. While both Marquis Industries and Vintage Stock performed reasonably well and were profitable during the fiscal year, ApplianceSmart contributed an operational loss of $11.8 million and a $2.6 million impairment charge relating to the Chapter 11 filing and store closures during the prior fiscal year. Total losses for the ApplianceSmart business, net of taxes, was, and reduced income generated by the company’s other subsidiaries by, approximately $14.4 million. Overall, the company reported consolidated net loss of $4 million, or $2.11 in loss per basic common share. The company expects that an
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