Review of Financial analysis: LiveXLive Media, Inc. (NASDAQ: LIVX)

LiveXLive Media, Inc. stock identified change of 329.17% away from 52-week low price and recently located move of -32.83% off 52-week high price. LIVX stock has been recorded 17.69% away from 50 day moving average and 61.17% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.25% off 20-day moving average.

LiveXLive Media, Inc. (LIVX) reported recently financial results for its fiscal year and fourth fiscal quarter ended March 31, 2020. In fiscal 2020, LiveXLive posted record revenue of $38.7M and a record contribution margin* of $5.9M, as contrast to revenue of $33.7M and a contribution margin* of $2.5M during fiscal 2019, driven by strong subscriber growth. The Company recorded a loss from operations of $36.0M and net loss of $38.9M in fiscal 2020, driven by positive contribution margin* as a result of continued subscriber growth in the period, offset by 41 events livestreamed in the period, coupled with ongoing operating investments to grow the Company and $23.3M of non-cash depreciation, amortization and stock compensation and non-recurring expenses in the period.  Not Including these non-cash and non-recurring expenses, fiscal 2020 Adjusted Operating Loss (“AOL”)* was $12.6M.

Fourth Quarter 2020 Results Summary Discussion

During Q4 2020, the Company posted revenue of $9.9M versus $9.2M in Q4 2019.  The increase was largely Because of the growth in subscription revenue.  Q4 2020 paid subscribers increased 25%, or by a net 169,000 subscribers year-over-year, ending Q4 2020 with 849,000 paid subscribers as contrast to 680,000 subscribers at March 31, 2019.

LiveXLive streamed 14 live events during its Q4 2020, as contrast to 5 in Q4 2019, importantly reducing the cost per event together with making incremental investments to drive long-term growth. These growth activities drove a net loss of $8.5M, loss from operations of $7.9M and Adjusted Operating Lossof $2.2M.

Q4 2020 Operating Loss of $7.9M was lower contrast to a $8.5M Operating Loss in Q4 2019.  The $0.6M improvement was driven by lower non-recurring and non-cash operating expenses of $0.9M year-over-year, partially offset by slight increases in recurring costs of $0.3M as a result of investments made to grow the business.

Q4 2020 AOL* of $2.2M was relatively flat when contrast to Q4 2019 AOL* of $1.9M, increasing slightly Because of higher recurring operating costs as a result of investments in the business during the period.  Q4 2020 AOL* was driven by Music Operations loss of $(1.1M) and Corporate loss of $(1.1)M.

Capital expenditures for Q4 2020 totaled about $0.8M, which were largely driven by capitalized software costs associated with development of our integrated music player and services in Q4 2020.

At March 31, 2020, the Company had about $12.4M in cash and cash equivalents, which includes restricted cash of $6.7M, and $16.4M in debt (inclusive of net $2.0M of deferred debt issuance costs and $0.7M in fair value embedded derivatives).

 Communication Services sector company, LiveXLive Media, Inc. noticed change of 11.15% to $3.09 along volume of 578678 shares in recent session compared to an average volume of 578.38K. LIVX’s shares are at 135.88% for the quarter and driving a -15.34% return over the course of the past year and is now at 100.00% since this point in 2018.

 

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