LiveOne, Inc. (NASDAQ:LVO) Q4 2023 Earnings Call Transcript

Rob Ellin: Yes. So on the PodcastOne, as we stated, the SEC has approved it, right? So, we’re efficiently a public company in that. We’re waiting on Nasdaq right now. What they’ve asked us for, and we publicly disclosed, which — it’s not an unfair ask, I wish they had asked for it a lot earlier, but they asked for the audits to be given to them. So we’ll provide the audits to them this week. As soon as they have those audits, there’ll be a conference call with Nasdaq, and we’re going to push full speed ahead. And I’m hoping to have this done certainly before the end of the summer. And if we’re lucky, it will be in July.

Sean McGowan: Okay. And then Slacker?

Rob Ellin: Slacker, as you know, with SPACs and this is — this with Byron and the fifth SPAC that they’ve done. It’s going to take — I think we announced the deal probably five weeks ago. It takes three to four months minimum. But it’s well in the works. And obviously, we’re moving forward and expect to have announcements around it in terms of the stage that it’s at and hopefully have the merger agreement signed shortly. So I think it’s moving at a rapid pace, but it will take somewhere in the three- to four-month period. And as I articulated earlier, during that period, we will be using that currency and focused on that currency to be getting ready for that to be looking at additional tuck-in acquisitions into this exciting run. And as we stated in the Audio numbers, they’re just — it’s really a runaway train right now. The numbers are spectacular. So it’s a great time for us and a great opportunity for us to continue to grow that.

Sean McGowan: All right. Thanks a lot. Good luck.

Rob Ellin: Thank you as always.

Operator: Our next question comes from Jon Hickman from Ladenburg. Please go ahead.

Jon Hickman: Hi, Rob. I guess this question is for Aaron. I just want to check my math. From what you released today, it looks like Slacker’s on track for — if you take out the — they’re on track for about $90 million in annual revenues just off of what the fourth quarter was, and PodcastOne is on track for about $40 million, maybe more. So if you add those two numbers up, you get $130 million. And your guidance is for $120 million to $130 million. Is my math correct there?

Aaron Sullivan: You are little hard on the Slacker side.

Jon Hickman: $22 million times 4, $88 million. Is that correct?

Aaron Sullivan: No. I think you’re taking $22 million — I think you’re taking — bear with me a sec. So $22 million includes Slacker and — the $22.9 million, I think you’re referring to is the Audio Division, that includes both Slacker and PodcastOne.

Jon Hickman: Okay. Thank you. All my other questions were asked and answered. Thanks.

Aaron Sullivan: Thank you.

Rob Ellin: Thanks, John, as always.

Operator: [Operator Instructions] Our next question comes from Kevin Dede from H.C. Wainwright. Your line is now open.

Kevin Dede: Hi, Rob.

Rob Ellin: Hey, Kevin. How are you doing, man?

Kevin Dede: Good. Thanks for taking my question. I’m curious about the international sphere, that question usually comes up. And I’m wondering how your progress is going there.