LiveOne, Inc. Q4 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

  • Reporting Period: Fiscal Q4 and Full Year Ended March 31, 2021
  • Revenue (Q4): $21 million, an increase of 113% YoY from $9.9 million in Q4 FY20
  • Revenue (FY21): $65.2 million, up 69% from FY20's $38.7 million
  • Contribution Margin (Q4): $4.6 million, up 108% YoY
  • Contribution Margin (FY21): $16.2 million, up 177% from $5.9 million in FY20
  • Adjusted Operating Loss (Q4): $2.5 million, improved from prior quarters
  • Adjusted Operating Loss (FY21): $5.8 million, significantly improved from $12.6 million in FY20
  • Subscribers: 1.073 million paid subscribers as of March 31, 2021 (up 27% YoY from 848k)
  • Balance Sheet: Cash balance of $18.8 million as of March 31, 2021; over $25 million as of June 25, 2021
  • Key Acquisitions: PodcastOne (July 2020), Custom Personalization Solutions (December 2020)
  • Revenue Composition FY21: 51% subscription, 49% advertising/sponsorship/merch/pay-per-view (vs. 93% subscription in FY20)
  • Pay-Per-View: Generated over $16 million in revenue in its first year; largest event Social Gloves contributed $10+ million

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Operator: Good afternoon, and welcome to the LiveXLive Media Fourth Quarter 2021 Business Update Call. All participants will be in listen-only mode. [Operator Instructions]. After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Michael Quartieri, Executive Vice President and Chief Financial Officer. Please go ahead. Michael Quartieri: Thank you. Good afternoon, and welcome to LiveXLive Media’s business update and financial results conference call for the company's fourth quarter and the fiscal year ended March 31, '21. Presenting today on the call are Rob Ellin, CEO and Chairman; and myself, Mike Quartieri, Executive Vice President and Chief Financial Officer. I would like to remind you that some of the statements made on today's call are forward-looking and are based on current expectations, forecasts, and assumptions that involve various risks and uncertainties. These statements include, but are not limited to, statements regarding the future performance of the company, including expected future results and expected future growth in the business. Actual results may differ materially from those discussed on this call for a variety of reasons. Please refer to the company's filings with the SEC for information about factors which could cause the company's actual results to differ materially from these forward-looking statements, including th

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