We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
LVO Partnership With TSLA Hits 500K Users, Boosts Finances by $10M
Read MoreHide Full Article
LiveOne, Inc. (LVO - Free Report) has surpassed 500,000 Tesla, Inc. (TSLA - Free Report) users. Following an initial rollout to Tesla subscribers, the partnership is set to expand its reach starting this week. In December 2024, the company surpassed 450,000 Tesla users, including more than 100,000 free ad-supported users, who on average, spend more than 50 minutes of in-vehicle listening daily.
The company anticipates to grow its user base to over 550,000 by Feb. 1, 2025, including the addition of more than 150,000 new ad-supported subscribers. This milestone follows an initial limited rollout to Tesla vehicles, which is rapidly expanding to reach a broader audience.
In October 2024, LVO announced an updated partnership with Tesla. As part of this agreement, Tesla permanently replaced its streaming button with LiveOne's service, marking a significant shift in the user experience for TSLA owners.
LVO’s management highlighted that this milestone strengthens its confidence in establishing further B2B partnerships, similar to those with Spotify, Apple, Samsung, iHeart, Facebook and TikTok. Moreover, the company’s new collaborations with Fortune 500 media conglomerates are expected to generate more than $25 million in revenues.
LiveOne Boosts Finances With $10M Savings, Plans Growth
Also, the company announced a significant business and financial update, highlighting more than $10 million in cash savings and its plans for reinvestment in strategic growth areas. LiveOne has reinforced its financial position by extending $5 million in payables including Sound Exchange, into long-term agreements and paying off a $2.75 million credit line with East West Bank. The savings will be directed toward converting more Tesla subscribers, expanding B2B partnership, such as the recently announced $25 million-plus deal with a Fortune 500 company, broadening the slate of Original IP, strengthening music partnerships and utilizing artificial intelligence (AI) and data mining technologies to monetize database.
LVO is strategically focusing on expanding its B2B deals, having established significant new agreements and identifying potential partnerships in the pipeline. In first-quarter fiscal 2025, one of LVO's notable achievements was securing a $24 million contract with a leading streaming network, projected to generate approximately $2 million monthly revenues. This contract not only boosts LVO's immediate revenues but also enhances its reputation in the industry, attracting further business opportunities.
In August 2024, the company announced that TextNow surpassed 250 million users, marking a significant milestone. In addition, the company announced partnerships with eBay, Facebook and TikTok. These efforts underline LiveOne's strategic focus on expanding its B2B initiatives and solidifying its market presence. The company reported second-quarter fiscal 2025 revenues of $32.6 million, marking a 14% increase year over year. This growth was driven by the Audio Division's success, a robust pipeline and strong partnerships.
LVO’S Zacks Rank & Stock Price Performance
LVO currently carries a Zacks Rank #4 (Sell). Shares of the company have lost 24% in the past six months against the industry’s growth of 8.2%.
The Zacks Consensus Estimate for Dolby’s fiscal 2025 earnings per share is pegged at $4.05, unchanged in the past 30 days. DLB’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 15.37%. In the last reported quarter, DLB delivered an earnings surprise of 19.12%. Its shares have surged 8.3% in the past three months.
INTZ’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 43.06%. In the last reported quarter, Intrusion delivered an earnings surprise of 16.67%. Its shares have jumped 91.7% in the past six months.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
LVO Partnership With TSLA Hits 500K Users, Boosts Finances by $10M
LiveOne, Inc. (LVO - Free Report) has surpassed 500,000 Tesla, Inc. (TSLA - Free Report) users. Following an initial rollout to Tesla subscribers, the partnership is set to expand its reach starting this week. In December 2024, the company surpassed 450,000 Tesla users, including more than 100,000 free ad-supported users, who on average, spend more than 50 minutes of in-vehicle listening daily.
The company anticipates to grow its user base to over 550,000 by Feb. 1, 2025, including the addition of more than 150,000 new ad-supported subscribers. This milestone follows an initial limited rollout to Tesla vehicles, which is rapidly expanding to reach a broader audience.
In October 2024, LVO announced an updated partnership with Tesla. As part of this agreement, Tesla permanently replaced its streaming button with LiveOne's service, marking a significant shift in the user experience for TSLA owners.
LiveOne, Inc. Price and Consensus
LiveOne, Inc. price-consensus-chart | LiveOne, Inc. Quote
LVO’s management highlighted that this milestone strengthens its confidence in establishing further B2B partnerships, similar to those with Spotify, Apple, Samsung, iHeart, Facebook and TikTok. Moreover, the company’s new collaborations with Fortune 500 media conglomerates are expected to generate more than $25 million in revenues.
LiveOne Boosts Finances With $10M Savings, Plans Growth
Also, the company announced a significant business and financial update, highlighting more than $10 million in cash savings and its plans for reinvestment in strategic growth areas. LiveOne has reinforced its financial position by extending $5 million in payables including Sound Exchange, into long-term agreements and paying off a $2.75 million credit line with East West Bank. The savings will be directed toward converting more Tesla subscribers, expanding B2B partnership, such as the recently announced $25 million-plus deal with a Fortune 500 company, broadening the slate of Original IP, strengthening music partnerships and utilizing artificial intelligence (AI) and data mining technologies to monetize database.
LVO is strategically focusing on expanding its B2B deals, having established significant new agreements and identifying potential partnerships in the pipeline. In first-quarter fiscal 2025, one of LVO's notable achievements was securing a $24 million contract with a leading streaming network, projected to generate approximately $2 million monthly revenues. This contract not only boosts LVO's immediate revenues but also enhances its reputation in the industry, attracting further business opportunities.
In August 2024, the company announced that TextNow surpassed 250 million users, marking a significant milestone. In addition, the company announced partnerships with eBay, Facebook and TikTok. These efforts underline LiveOne's strategic focus on expanding its B2B initiatives and solidifying its market presence. The company reported second-quarter fiscal 2025 revenues of $32.6 million, marking a 14% increase year over year. This growth was driven by the Audio Division's success, a robust pipeline and strong partnerships.
LVO’S Zacks Rank & Stock Price Performance
LVO currently carries a Zacks Rank #4 (Sell). Shares of the company have lost 24% in the past six months against the industry’s growth of 8.2%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are Dolby Laboratories, Inc. (DLB - Free Report) and Intrusion Inc. (INTZ - Free Report) . DLB sports a Zacks Rank #1 (Strong Buy) and INTZ carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Dolby’s fiscal 2025 earnings per share is pegged at $4.05, unchanged in the past 30 days. DLB’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 15.37%. In the last reported quarter, DLB delivered an earnings surprise of 19.12%. Its shares have surged 8.3% in the past three months.
INTZ’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 43.06%. In the last reported quarter, Intrusion delivered an earnings surprise of 16.67%. Its shares have jumped 91.7% in the past six months.