LiveOne, Inc. Q4 FY2020 Earnings Call

· Earnings call transcript and AI-powered summary

  • Fiscal Year Ended March 31, 2020:
    • Revenue: $38.7M, up 15% YoY compared to $33.7M in FY2019.
    • Adjusted Operating Loss: $12.6M, flat YoY.
    • Contribution Margin: $5.9M (136% increase YoY).
    • Paid Subscribers: 849K, up 25% YoY or 169K net additions.
    • Live Events: 42 streamed events reaching 69M viewers (vs. 24 in FY2019 with 50% lower cost per event).
    • Revenue Composition: 93% from subscriptions, 7% from advertising/licensing.
  • Q4 FY2020 (Ended March 2020):
    • Revenue: $9.9M, up 8% YoY (from $9.2M in Q4 FY2019).
    • Adjusted Operating Loss: $2.2M (vs. $1.9M in Q4 FY19).
    • Contribution Margin: $2.2M, flat YoY due to one-time adjustment in prior year.
    • Paid Subscriber Growth: 849K, up 25% YoY.
    • Live Event Costs: $1.2M for 14 events at $86K/event (vs. $1.3M for 5 events at $268K/event in Q4 FY19).
  • Strategic Highlights:
    • Transformed from primarily live-event business to full-stack live streaming audio & video platform due to COVID-19.

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Operator: Good day, and welcome to LiveXLive Media Q4 2020 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Emily Greenstein, Investor Relations. Please go ahead. Emily Greenstein: Thank you. Good afternoon, and welcome to LiveXLive Media's business update and financial results conference call for the company's fourth quarter and fiscal year ended March 31, 2020. Joining me on today's call are Rob Ellin, CEO and Chairman; and Mike Zemetra, CFO. I'd 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 risks and uncertainties. These statements include but are not limited to statements regarding the future performance of the company including expected future financial results and future growth in the business. Actual results may differ materially from those discussed in this call for a variety of reasons. Please refer to our filings with SEC for information about factors which could cause our actual results to differ materially from these forward-looking statements, including those described in the Company's Annual Report on Form 10-K for the year ended March 31, 2020 and the Company's other SEC filings. You will find reconciliations of non-GAAP financial measures to the most comparable GAAP financial measures discussed today in the Company's earnings release, which is posted o

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