Quarterly ResultMay 14, 2026, 08:31 AM
Live Ventures Q2 Revenue $102.9M; Net Loss $2.4M, EPS $(0.80)
AI Summary
Live Ventures Incorporated announced its fiscal second-quarter 2026 financial results, reporting revenue of $102.9 million, a 3.8% decrease year-over-year. The company posted a net loss of $2.4 million and a diluted loss per share of $0.80, primarily due to a $4.0 million non-cash goodwill impairment charge in its Steel Manufacturing segment and macroeconomic headwinds affecting the Retail-Flooring segment. Despite these challenges, the Retail-Entertainment and Flooring Manufacturing segments delivered strong operating income growth of 32.8% and 24.0%, respectively, and gross margin improved by 80 basis points.
Key Highlights
- Q2 Revenue was $102.9 million, a 3.8% decrease from $107.0 million in the prior-year period.
- Q2 Net Loss was $2.4 million, compared to net income of $15.9 million in the prior-year period.
- Q2 Diluted Loss per share was $0.80, compared to diluted EPS of $5.05 in the prior-year period.
- A non-cash goodwill impairment charge of $4.0 million was recorded in the Steel Manufacturing segment.
- Adjusted EBITDA was $5.9 million, an 8.8% decrease from $6.4 million in the prior-year period.
- Retail-Entertainment segment revenue increased 14.8% to $21.2 million.
- Retail-Flooring segment revenue decreased 26.2% to $20.2 million due to macroeconomic headwinds.
- Total cash and availability under credit facilities was $39.8 million as of March 31, 2026.