LiveOne, Inc. (NASDAQ:LVO) Q2 2024 Earnings Call Transcript

Jon Hickman: So with the lower revenue guidance and the higher EBITDA, is that difference coming out of expense control or better margin?

Rob Ellin: Nudge. Yeah, just we’re being very cautious. We just took another $2 million of costs out of the business and being very cautious on what pieces of business we do. Any risk business — we’re not doing any of those live shows unless we’re getting paid on them. As you and I have talked about before. And then we’ll start to see telltale signs. We’re going to start to get paid a lot of money in next year for us to produce those shows with margins very much like Social Gloves, but we’re not going to do any of them unless there is money upfront. Unless there is money upfront with a guaranteed profit on them, we’re going to focus our energy on the core businesses that are working right now and delivering revenues. And we’re going to use our capital to continue to strengthen the balance sheet and continue to buy back stock. If our stock is traded at almost a nominal valuation right now, we’re just going to keep buying back stock right now.

Jon Hickman: Okay, thank you.

Operator: [Operator Instructions]. At this stage, we have no further questions. So I’ll hand back over to Rob Ellin for any closing remarks.

Rob Ellin: I just want to thank everyone. Thank you for joining and appreciate it, and we look forward to next quarter’s numbers. Please join the Podcast’s call on a few — in a short period. And thank you everyone.

Operator: Ladies and gentlemen, this concludes today’s call. Thank you for joining, and you may now disconnect your lines.