LIVX - Earnings call transcript Q2 2019

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Operator

Good morning, and welcome to the LiveXLive Media Second Quarter 2019 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded. At this time, I would like to turn the conference over to Whitney Kukulka, Investor Relations. ahead. go Please

Whitney Kukulka

welcome the and September financial conference results XXXX. Good quarter to of for second ended fiscal call morning, LiveXLive year XX, XXXX

LiveXLive to are Joining are you the involve that Co-Founder of the Rob and and Zemetra, call a on Company’s uncertainties. factors Actual I’d our SEC are full March some me today’s the filings. Report may in including the of but described from based assumptions future cause about in differ variety made actual include and current call could for which CFO. growth year regarding materially filings XX-K remind CEO; results statements, for and statements Mike Ellin, that to Please information materially like forward-looking and for statements discussed of risks subsequent on expected for to from refer with not today’s forecasts results forward-looking, SEC those and are our to expectations, and XXXX statements limited reasons. quarter financial and future Form the including the performance These third the the XXXX business. year on Annual results those these Company’s call differ on in XX, this ended

this conference Importantly, of XXXX. time November call accurate date sensitive call of XX, contains only this information that as is

or to comparable required reflects except this including is as the periodically discussed information you the responses GAAP content. website You will posted measures most XX, today of of law, undertake to And do Investor view date find after release, important reconciliations management’s the not as we XXXX Relations IR update call. obligation of only any ir.livexlive.com. following our to this website I financial your revise November discussion questions the financial and by The of in for to on our non-GAAP visit today at measures encourage earnings which

over to call the turn me Rob Rob? let Now Ellin.

Rob Ellin

quarter. Whitney. progress everyone LiveXLive joining made second for Thanks you, us. has tremendous Thank fiscal in our

of story, of many few new to of me key principles let you a reiterate Just our business. the

deliver consumer immersive First we music the XX most our mission first authentic with providing platform LiveXLive ever experience live the the years. around the in the globe, and founded social music last statement, to

live get able using immersive future, technology experience a full you watching buy to festivals, in including accomplish And Our shareable We through move favorite the to move that mega music you original streaming, festivals. new mission around to revenues red most to to behind as possible. entire new is mobile watched and and LiveXLive chat and and by all the our our this enhancing carpet wherever watch music delivery, their bring to through and and you original deliver to is favorite while fans, industry bands entertainment to apps in while experience can close slate interviews, music very on music is offer simple, experience technology as the tickets fans artist music highest with to the We apps of will the backstage, introducing the our the live consumers in world. merchandise. includes music This greatest brands acquire to message. and content. We At while approach seamlessly together, near this perform, our to our site capitalize concerts, programming, leveraging and their the goal listened watch be fans to scenes, bring allows live value industry. level, to trends highly, date, award of programming. over-the-top to including seamlessly shows, fans,

house. certainly have the be to in the give an in not best opportunity venue, we standing will may but seat You the

our technology network to Roger way the our world-class who a the applying next that profitable useful generation wasn’t MTV Steven first to they music utilizing join have industry, that and modern Bornstein is frame large including mobile create the ESPN course the built team, the we’re Werner, using business music playbook available fortunate guided are and we and originally to executives then, ESPN. to As

a business simple We have model. but powerful

First, we’ve music the biggest video many streaming of festivals, and aggregated the audio biggest music world. in in rights events

labels, is have Secondly, and importantly, agents, managers, industry the LiveXLive that artists partner independent with we neutral opportunity the in allowed position biggest most with the all a to promoters, the world. and publishers,

of have approaching one trajectory over we Third, with since XXX,XXX. adding differentiates a audio LiveXLive rapidly that our curated December, and from have for a subscribers any time the video the of fourth, now further job that we’re is and original Radio first our assets for in developing music of the tremendous business experience XXX And the experience. channels programs slate base network. we Slacker done a is enhancing key acquired subscriber paid changing to that other

to for roll about LiveZone or in music we’re example, become festivals, XX years. your for the one festivals officially advance that Los initiatives most again top music the SportsCenter in Loud Rolling platform hip-hop For at of out Angeles, authentic

weeks the streamed X% later, paying to live turning record representing We added approximately and a subscribers, XXX,XXX $X up eight quarter. for subscribers ended the in record over progress quarter, we’re we last the sequential second quarter five Today, the million Now performance, from revenues, subscribers. the delivered for XX,XXX quarter. festivals about XXX,XXX financial quarter, six posted with the up We growth. XX% in

across Killers. of These Las Machine, in Arcade Florence Vegas. Wayne, The Lamar, Beautiful Scott, is live and Mendes, included Global Loud Rolling the like have The included Chainsmokers, the Paleo Switzerland, HARD Shawn Travis Portugal. We Seattle, including and some biggest Fire, Man, Bumbershoot, Montreux, year Life XX artists the and of Kendrick streams in music Mayer, Festivals Festival, in of all genres Summer Lil Budapest, the These John Sziget the California, Festival, immense Dance biggest in in festivals Jazz streamed The world this world-class to-date.

over rapidly XXX content artists live $XX.X of XX QX very more balance our than and cash audience have original pieces position and the growing cash in And remained date, featured drove in versus our the $XX.X and managing QX. XXX and views short million focused of with cash We’re reaching large maintain We XXX the at content. diligently world. Year hours biggest of year-to-date. end million solid form plus of We generated developed flows. on we slate a to strengthening live programming of sheet and streams a over million the

of live and Tad Head Baxter the the of our We background discuss that of continue Carti to a Ro to in strengthen industry. little Playboi in we shortly. is the Content Designer. best Product with programming as Head first world-class team event with quarter, and management They’re produced ever added our bit We Matt

Insomniac Our strong festival seen, with and festival We’ve growth AEG. genres. and with especially based Live growing and our footprint on is partnerships is the Festival Rolling partnerships all Nation across key promoters and with Loud

EDC Just publicly plus on weekend fest events with and leadership biggest we We’ve this this EDM’s leader XX and the the dance will EDM many filming the music music. around stream in thought announced of Orlando stream globe making festivals us year. the

really XXXX becomes second exciting. So growth half drivers, of

Original venues, be I and to programming. As will diversifying also content shows, we’re mentioned award key our concerts, earlier, original the also into story.

and you launch the quarter, original industry slate do programs take of and our pilots, During personalities, some of the music to including lifestyle. began we

thrilled Baxter, Content programming. strong have of with We Spotify, and our heading to added Matt TV. be to a at Matt of LiveNation Buzzfeed background comes content Head then

launch. preparation of the back XXXX, half we for in fiscal As we’re entered

brand One as most at several technology sponsorships LiveZone, showcase of the critical our early we’ll exciting of December. summer. as business our festivals the music SportsCenter been of and LiveZone, components which over has new and tested

on personalities Rolling LiveZone and Loud in behind We festival news, Los December. highlights will formally at the and air breaking be Angeles launching with scenes

background social mentioned, quarter As I next ever added heading first the TMZ and Product and features formally also of we music network bringing Head Ro second rolling experience for live our the and mobile, to began as fully be product Media, of Tad music platform in live for and Verizon. passionate generation out certain unique across we fans. We Spin expect his

with app. experience, on curated events. Our will of for the watch combining viewing the streaming, power other able buy simultaneously and premier users LiveXLive make live Slacker that live it concerts, channel will ever growing chat believe launching with fans, be We destination their social to merchandise, the

enjoy to Turning success and subscriber audio sight opportunity paid of I deals approaching our XXX,XXX of to X we’re focused program first specifically combination the DNA been of consumer, to to as combined clear that growth, a our program. original telcos. a automakers with Key around mentioned, OEM original subscribers the to line on The and has live video Slacker LiveXLive million. and

partner across exclusive and We than XX automobiles Tesla are different we have more cars. all

one You’ve are of Tesla Tesla seen models. all vehicles in should massive deliveries uptick of their and every ramp those we of cars, from benefit we the across deliveries the growing in

also in Slacker that and growth to bundled We completely world. Verizon, turnaround losing to of monthly. as the largest carriers as the deals the one Sprint including rest of T-Mobile Canada. carriers, as XXXX three subscriber in fully subscribers which have the well four business, with one of we’ve – major The shows We of the expect expand was

daily TV impressions technologies, users are LiveXLive’s content and technology video with made on can teams efforts, the so to focusing the focus subscriber furthers have and enthusiasts. a channels, and We’ve it mobile, progress. growth spent while across cutting providing company We to last building LiveXLive. combine the infotainment. on entertainment, in and we access integrated apps Key audio base substantial to increase driving which is Slacker drive consumers both programming cost of Slacker technology. and of on new stretch in-car months drive active innovation and our XX integration, management teams across and to Slacker music LiveXLive and ability who network that

LiveXLive experience across social partners. TV, now live monetization Finally, rapidly social and which largest mentioned live the the one first services allowing shortly, can merchandise event. development our pleased next the apps us and app watching of a a social simultaneously expected say global capitalize iOS, music of player, Apple in also live first and OTT created mobile, the proprietary to tickets, Android, around message, partnership our on significant expand enables new expect opportunities Fire to allows Roku, player strategic network, that buy event and the music this to close available we’re to be would player, of I’m of web experience live. we properties, as immersive to watch that music and TV. chat, and track you the generation We major buy world, I you

second we’re on focused So are pleased summing we that everyone I quarter up, long-term. remind with our to results. in want

I important, want or We’re reiterate goals making of this early strong quarter. progress the we’re a long-term where to last very out are innings quarterly up laid in game, we results

we will XXXX, paid subscribers within platform. on five XX million in least believe First, years, we have at our

today rates We are double-digit basis. XXX,XXX quarterly and a on at approaching growing

can stream and Secondly, we stream over XXX believe growing year. year. festivals year we next going to this Again, a XX we’ll

signed our to now distribution the day, YouTube, have expect distribution a continue making we’ve very expand continue we and partnered expand footprint week, to the progress Third, to hours across content we LiveZone. we’ve about of Twitch, seven with XX platforms, expect days Facebook, globe Dailymotion, across excited digital enough Fourth, Tencent a and to air here all we’re our launch globally. partnerships, strong

is the technology, securing subs, more future. about for all audience watching executing monetization paid the growing proprietary growing properties well, couldn’t valuable and our well bodes programming opportunities. assets, We be excited long-term and rapidly We’re

to all in upcoming set investors happy up seeing off meetings New here conferences very and it interested. week to for much. We’re going Mike and hand to to I’m anyone Z. forward you Thank at look York analysts and

Mike Zemetra

Great and thank you, Rob.

loss We our revenue with and the of streams million during record in the QX, first operating million, of fiscal adjusted including to festival of half live strong results subscriber XXXX period. $X $X.X continue XXXX

decreased with our my $X.X in growth get of up due the will Given commentary revenue margin XXXX. in XXXX. operating a The XXXX compared our $X.X my will contribution by principally prepared later first year-over-year, costs subscribers. quarter as remarks. paid improved million discuss quarter-over-quarter QX $X.X was subscription live of on was XXXX loss improvement our margins festivals related loss improvement to drivers focus $X in year these quarter-over-quarter music the financial – sequential and business, timing XXXX, prepared discussed as lower of QX Again, $X.X operating million year-end in across I QX; specifically to X% revenue of coupled of a and fees. margin to fiscal in from operations QX a QX drivers later million loss to to administrative of in million sorry, our improvement previously QX, performance quarter-over-quarter driven consolidated XXXX. on will overall into was versus QX million QX produce quarter-over-quarter was and from QX, versus history deeper discussion compared the I stream lack QX million $X.X with by $X.X QX by driven million More largely audit lesser sequential $X.X my general into adjusted in driven million from remarks. extent consolidated expenses quarter-over-quarter personnel

XXXX, capitalized internally each in million also developed we X.X During QX quarter approximately and cost. of QX software

across discuss would the performance financial corporate operations to Now, I music divisions. like our in

our acquired which consists stream our development supporting general and with and December music our lesser costs. certain administrative Turning internet to sales, our extent product along operation, music music to a and marketing we of radio, services and audio live XXXX operations radio Slacker from in operations operations,

revenue $X a XXXX, due previously discussed from million in to licensing slightly was largely quarter-over-quarter. decline X% offset As revenue our paid QX of subscribers by quarter-over-quarter across up our QX growth

to XX,XXX music net XXX,XXX We million X% improvement subscribers sequential in generated increase or XXXX, by leveraging net our grow consumer paid was $X.X additions $X.X from Driving online in net quarter-over-quarter. subscription which began live Verizon, More subscription including with this driven includes increased March paid as a paid to QX also up the million The improvement events subscribers QX, Through music subscribers revenue XXX,XXX subscriber since XXX,XXX business, XX, ended in in base. XX% the ending was XXX,XXX XX% paid of our any likes paid from or our from from across During a services. part subscribers we increased across of further XXXX. a today, in our T-Mobile operations have increase Tesla, by compared platform. QX consumer our paid of paid impressions driven BXB paid to subscribers and in XXX,XXX strength QX subscribers. quarterly recently, XX% marketing investing campaigns

throughout our expect continue to growth percentage experiencing any growth We paid fiscal remainder XXXX. double-digit the of strong subscriber quarter-over-quarter

driven of loss was mix overall $X.X QX stream the by contribution QX XXXX. quarter-over-quarter our in improvement growth produce of sequential versus driven versus festivals a in business margins, coupled Our to $X.X million million QX improved margin live of and paid XXXX. of $X.X live million costs loss a was lower stream The eight QX by subscriber with five festivals in

paid to our discussed, part QX revenue subscriber from margins contribution As our base, QX. which led higher grew in in large versus

higher production production subscription million approximately subscribers, $X.X of festival. XX.X% of QX in costs margin which costs profitable million our million points plus subscription $X.X XX% festival significantly of BXB services. our as $X.X are by in or compared percentage for across to by and generally driven in or other more whole a we As QX, versus percentage also $X.X business Moreover, X.X contribution part from million of per in revenue, a mix approximately to improved XXXX radio incurred QX

Vegas, of largest As reminder, producing QX and the cost a stream Las included elaborate of one festivals. our most EDC

As the quarter, produce year. expected average festivals higher produce QX of was we fiscal average last the our throughout of discussed festival expected versus in remainder each our XXXX to cost cost to be

still branded our of second the to these sponsorship in of are launching we reminder, revenues the a expect stream commence XXXX. corresponding advertising live in and As early And half stages capabilities.

of largest XX the beginning live new to Los our initiatives including and to exciting monetization the As QX festivals Angeles, hop Rob in one XX. number sponsorship for capabilities earlier, we the initiatives advertising scheduled hip Rolling and stream mentioned through of Loud, plan December showcase across also expect XXXX,

ramp continue was the we versus sources result, operating a half. improvement contribution music XXXX. loss our throughout margin by in fiscal in QX we QX, As was these $X.X operations, in back XXXX, $X.X margin to previously driven discussed music to The QX contribution operations million as new XXXX. million, compared improvement quarter-over-quarter fluctuate to QX largely expect music in revenue operations the as adjusted

quarter-over-quarter corporate public legal support loss as functions. compared QX to Turning division areas corporate, $X.X consists growth. function as The driven other the versus QX support and company in adjusted million certain was to $X.X in our was to expenses XXXX. including of improvement QX company corporate in related year-end initiatives operating million driven adjusted QX that of and loss audit our the such finance, any supporting and executive, general timing and administrative entire principally by operating personnel

the to I trends our quarter-over-quarter. in operating discuss like Now, would expenses

operating in related expense, were expenses driven in XXXX. $X.X depreciation, year-end in an improvement amortization certain $X QX million XX% discussed. and XXXX and QX, audit versus QX improvement compensation, QX QX $X.X was stock-based of expenses The $X.X and largely expenses non-recurring $X.X in million previously non-cash quarter-over-quarter. operating Excluding million quarter-over-quarter by million timing fees of of or personnel certain as million

quarter-over-quarter down our our of The with net QX QX improved balance $X.X our improvement cash management from largely million cash our by ended in by net by from of cash with activities XXXX was net a ending $X.X $X.X operating decrease million driven and of $XX.X million of of existing in capital million, $X.X largely QX quarter-over-quarter adjusted quarter-over-quarter used largely million savings operations million, negative loss cash million, net working XXXX. $X.X driven QX from $XX.X investing in by we The coupled XXXX. payables. to active $X.X QX of driven in cash used in million outflows of sheet, operations Turning

like I few items. a additional you update to on Now, would

seventeen point unsecured our convertible into approximately of common During stock, to $X.X seven into QX, bringing unsecured we of million shares notes year-to-date stocks. converted of in $X.X XXX,XXX thousand an common notes million convertible shares aggregate

convertible million unsecured outstanding. approximately today, of of $X.X we As notes have

XXXX, stock of XXX,XXX ended quarter As shares September had warrants outstanding the with common $X.X and outstanding. unsecured and notes. convertible of underlying potential million our XX, we We approximately approximately common XX debentures secured million approximately

Turning $XX in XXXX XXXX million, up to to XXXX follows; guidance; we to $XX fiscal increasing our to from in of million million $XX our full-year with are quarter. revenue Consistent from change no year we adjusted full million to loss to change CapEx XX live full as stream full to to XXXX guidance $X range operating year and to prior million. $X No $XX.X million up million expect $XX festivals updating communications, year $XX previous XXXX. million

LD would I We’d in Annual in presenting at December will That Lastly, Raymond Micro my few James, out Alpha Craig-Hallum’s Conference, quarter. TMT Q&A. for to and December Ninth Select X in point conferences York City, like at through be Square Annual New XX City. prepared York upcoming line Technology Los up the Group to Conference the Maxim’s Times now in Sheraton December a Angeles, XXXX New the X New remarks. we York open First November Conference in XX like tomorrow – the City. X concludes Investors

Operator

Thank you.

session. Josey will Ron question begin first JMP. of be We from the now ahead. [Operator will your Instructions] And question-and-answer Please go

Unidentified Analyst

ramp from more about integration Tesla we Slacker of Hi, subscriber talk we both music how perhaps XX, and And this you do Thank a growth. of needs think the of number in some and this questions, then time? X how Slacker. to should May to integration plan, two, festival happen you relative start tests playing Ron. to finally Can Model you. running an can think here how over is the And here? what about And fees an you million apps about you LiveXLive sales live $XX stream of talk Tesla, on see festivals, on David advertising to content for Few for out advertising across you perspective? noticed you’re with since

Rob Ellin

Okay.

and have again, on sales our just competent I competent rollout our So are the highly just question, to advertising as Mike to build we’ve that expect out started announce we December. are first see from, to articulated, start team, at imminently sponsorship CRO you’ll Loud in first advertising and real and Rolling the front, was make sure so to as highly

Unidentified Analyst

It. Got

Rob Ellin

of Digital. integration and Slacker Bebel more his has and job. is met the spectacular quicker and and couple him you running LiveXLive efficiently. So has Mike of and Slacker done We’ve happened absolutely mean, imagine Universal Any of President things. of who PressPlay a done Napster I background an

integrated So It’s video. the did a first thing Slacker. we is, we’ve

done ability didn’t which utilized Slacker, listen So the December is users you’d as our watch interim XX% by is the from we’ve live watching driven sponsorship, our is right event. XX you our inventory the of Slacker, are the live daily second And have to events. we’ve watching over of marketing in to being thing, over impressions there. previously funnel of really time. to that of Slacker previous million of see bridge, see And something, substantial impressions to period building of hope to always had and exist driven the a just exciting to that Slacker that we really you our again, acquisition conversion are amount we that

In is Tesla for really terms exciting, of right simple, everyone.

continue every and outside all expect your to hope looking is the to we and future very be to questions? to near to markets. models, global U.S. as We at Dave, the car, that in in Tesla subscriber. that U.S. answer expanding a our grow of we We’re you – the fully had

Unidentified Analyst

was helpful. that you. Yes, Thank

Operator

go come And HCW. from the question Kevin ahead. Please [Operator Dede of next Instructions] will

Kevin Dede

call. per Yes. of clear the festival. I specifically whether Thanks or And to driven was too wondering the if so you you little a cost my LiveZone, about and little there. just that not more It’s use you’re not detail I for improved. with things, of bit some Couple is just me a production talk about taking lot how associated a increased expecting see, capital, on maybe the could can

Rob Ellin

sure. Sure,

because this events. amounts quarter. we’ve producers, our directors, as all also, our live in house, of the articulated substantially we articulated team per went So And production of massive as of Mike previously, festival cost brought our we’ve down our

and We’ve cameras So we’re of doing. the and negotiated on. we’re amount staff so truck doing days economies of the companies scale and with

and little bit substantially, live of trucks, not $XXX,XXX anchors our about cameras, a we add for So our these already festival. because our system, cost, LiveJournal events. app at our per our hosts our but have costs were

won’t be cost to substantial So that. additional there a

Kevin Dede

I did cost not So he that expected misunderstood. of kind just maybe misunderstand I’m he Rob, festival in increase to I per say December? did

Mike Zemetra

no. No,

to-date Vegas, will or at So EDC in which festival. is right, most QX, our be we expensive produced least

we So did festivals. five cost, on a per average

about eight QX. be continue In average that $XXX,XXX to QX We about average expect went throughout on festivals over in we always this that $XXX,XXX year. $XXX,XXX. and between remainder to are the to will We’ve of down fully that said $XXX,XXX,

Kevin Dede

Okay, perfect.

Mike Zemetra

And then on use of capital, you want me to go ahead and answer that?

Kevin Dede

Thank Yes, thank you, yes, yes. you.

Mike Zemetra

Yes.

adjusted capital, by managing top working we loss associated million, we internally us software. That during be $X.X in with about in it the operating call right, driven So in operating of largely that, specifically largely it offset payables. On incurred right, our flows our a negative. would capitalize quarter, by million actively was our had we’ll burn, roughly operations, an cash of developed our of – by from $X.X which benefit on our CapEx, expenses More million, was our improvement driven CapEx. $X.X cash

Kevin Dede

okay. sure. of I and mid-December. into the that Yes, I festival the curious the Okay, Rolling offline. launch the can Loud LiveZone, that’s in it LA about and also of – go is details view

Rob Ellin

Correct.

an to turn recommend be opportunity this. So highly anyone It’ll I the that has launch.

us think great these right. in if globe right. you’ve the launched, And test, experiences, we’ve probably ESPN, correspondence you who had around have watched, as about and from or brought host, So reported we’ve interviewed on, CNN backstage XX

to Matt of – LiveZone, team around ability the that globe. live stage that and content which together, launch the to event the the give the addition Baxter rest of right, bringing from to all SportsCenter stage We’re will and with from music and from live move of be

Kevin Dede

the how many a of stages there you room just sort sort I mean, many of each you of counters How there there bird’s a a stage view sort expecting? each is or Could stage? backstage will be? us or of at production setup? Okay. event eye give physical Is are

Rob Ellin

Yes.

like of it be special Just SportsCenter. this just launching, to it is or a the right, or pretty because but Open, weekend we’re give going think a the you U.S. Olympics chapped today, to

the We’re those be estate and bring going stadium, to to best anchors, in right, the real to fans or be and able participate interviews, for hosts for of the globe. all an experience with around – of to opportunity them have right, artists, piece able in those to where inside right, bringing them their the to right,

Mike Zemetra

Yes.

going new branded think but in showcasing with general, important, a I forefronts as into exciting Kevin, some across and that across not sponsorship only as of partner. just LiveZone, the it’s technologies we’re capabilities, be new to festival well specific bringing the

about we’re So showcasing. excited super things we’ll the be all

So stay tuned.

Kevin Dede

Okay.

that So it. could announce to is you the point where almost partnership

Mike Zemetra

be announcing hopefully We’ll it shortly.

there quite We’re not yet.

Kevin Dede

you Right, the mentioned okay. And at a sponsorship festival too.

includes, that little So a bit obviously, Board. talk Can on you you IMAG the that? touched of

Mike Zemetra

they then launching area specifically its come focus just as be – know I and up. areas other capabilities, wouldn’t we’ll We’ll our other full sponsorship, that on the LiveZone, events capabilities. also be live sponsorship stream

Rob Ellin

about opportunity sell across digital. our live the team to what’s exciting sales is from now this to Kevin, has

increases inventory our dramatically. So

have about day, inside right. million numbers about tickets an viewing, per as about about We of driving you hitting the sales ability events can times And weekend the And audience best estate typically the average already X XX of these some are we’re and pieces then XXX,XXX the real of live the so by growing. event. see people that

So for our participate live, across advertisers, they network. opportunity million as reach have X well both to as in viewers an

Kevin Dede

on that, was for because my thanks question. touching Rob, Okay. that Yes, next

the for more now. how You right, XXX cede a cap I to but know, whole floor I of the the deal. All off well, had your sort of questions, monetization –

Rob Ellin

Thank you, Thanks. Kevin. Great.

Kevin Dede

Thanks.

Operator

gentlemen, Rob closing any like and question-and-answer Ellin our will Ladies session. And remarks. for would to that I back to conclude hand conference the

Rob Ellin

really joining in want thank XX,XXX additional just new for see so I great weeks. people attending subscribers to to new everyone Sure. almost last the to it’s six call. exciting see and the It’s far

the So in we grow quarter. continue to first

to we’re million like we and going XX,XXX and to more to going to as insight much see month. near-term. we XX,XXX And you very from a XX,XXX So as XX,XXX, stated it’s now see XXX,XXX in month before, dramatically, that grow I X a the to can expect increase

Operator

has conference your the concluded. We lines. gentlemen, At attending you presentation. disconnect this and today’s Ladies you for sir. you, Thank may time, thank

LiveOne (LVO) 14 Nov 182019 Q2 Earnings call transcript