Live Ventures (LIVE) investor relations material

Executive summary

• Revenue for the quarter ended March 31, 2026, was $102.9 million, down 3.8% year-over-year, mainly due to a decline in Retail-Flooring, partially offset by growth in Retail-Entertainment.

• Net loss for the quarter was $2.4 million (diluted loss per share of $0.80), compared to net income of $15.9 million (diluted EPS of $5.05) in the prior-year period, driven by lower revenues and a $4.0 million goodwill impairment charge in Steel Manufacturing.

• Adjusted EBITDA for the quarter was $5.9 million, down 8.8% year-over-year, reflecting lower gross profit.

• Operating loss was $2.0 million, compared to operating income of $2.1 million in the prior-year period, primarily due to the goodwill impairment.

• For the six months ended March 31, 2026, revenue was $211.4 million, down 3.2% year-over-year, with a net loss of $2.5 million versus net income of $16.4 million in the prior-year period.

Financial highlights

• Gross profit for the quarter was $34.6 million, with a gross margin of 33.6%, up 80 basis points year-over-year due to improved margins and a favorable revenue mix.

• General and administrative expenses decreased 2.3% to $27.7 million, reflecting cost reduction initiatives.

• Interest expense was $3.9 million for the quarter, flat year-over-year.

• Working capital increased to $74.4 million as of March 31, 2026, from $62.1 million at September 30, 2025.

• Cash and credit availability at quarter-end was $39.8 million, including $15.2 million cash on hand and $24.6 million in credit lines.

Outlook and guidance

• Management remains focused on cost reduction and operational improvements, especially in Retail-Flooring.

• Commitment to building on operational improvements and driving efficiencies in the second half of the fiscal year.

• Management expects available cash, operating cash flows, and revolver capacity to provide sufficient liquidity for at least the next 12 months.

• The company continues to monitor capital markets and may raise additional funds through borrowings or equity as needed for acquisitions or strategic investments.