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Press release content from Globe Newswire. The AP news staff was not involved in its creation. Live Ventures Announces Appointment of Chief Operating Officer Live Ventures IncorporatedApril 14, 2021 GMT LAS VEGAS, April 14, 2021 (GLOBE NEWSWIRE) Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company, announced that, effective April 10, 2021, Eric Althofer joined the company as Chief Operating Officer and Managing Director for Corporate Finance. Mr. Althofer, 38, brings to his new responsibilities more than a decade of experience in capital markets and M&A transactions. As part of the company’s continued investment and growth through acquisitions, he will also oversee the Live Ventures finance department, where his track record of analyzing transactions will be leveraged. ....
Press release content from Globe Newswire. The AP news staff was not involved in its creation. Live Ventures Announces First Quarter Fiscal 2021 Financial Results Live Ventures IncorporatedFebruary 16, 2021 GMT LAS VEGAS, Feb. 16, 2021 (GLOBE NEWSWIRE) Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company, today announced financial results for its first fiscal quarter ended December 31, 2020. The company reported record revenues of $62.5 million, and basic EPS of $3.45, which represents an increase of 49% and 1,050%, respectively, over the same quarter last year. The company also reported net income attributable to Live Ventures’ stockholders of $5.4 million1, and operating income of $7.3 million, representing an increase of 889% and 109%, respectively, over the same period last year. During the quarter, the company repurchased 33,926 shares of its common stock at an average price of $10.97 per share. ....
Press release content from Globe Newswire. The AP news staff was not involved in its creation. Live Ventures Announces Full Repayment of $24 Million Term Loan Live Ventures IncorporatedJanuary 21, 2021 GMT LAS VEGAS, Jan. 21, 2021 (GLOBE NEWSWIRE) Live Ventures Incorporated (Nasdaq: LIVE), a diversified holding company, announced that its subsidiary, Vintage Stock, has repaid in full its $24 million term loan debt to Comvest Credit Partners. Jon Isaac, Live Ventures’ President and CEO, said that, “Eliminating the term loan obligation and associated interest expense represents a significant milestone for our company. What originally began as a $30 million term loan in connection with our acquisition of Vintage Stock, and subsequently refinanced at $24 million, has now been fully repaid. By eliminating the drag of interest expense, we are in a stronger position to deploy cash to other initiatives, such as new acquisitions.” ....