LVO - Earnings call transcript Q1 2025

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Operator

Hello, and welcome to the LiveOne, Inc. Q1 Fiscal 2025 Financial Results and Business Update Webcast. My name is Elliot, and I will be coordinating your call today. [Operator Instructions] I would now like to hand over to Aaron Sullivan, CFO. Please go ahead.

Aaron Sullivan

you. Thank welcome the update June company's and conference financial XX, LiveOne's for call first to morning, and business results XXXX. Good quarter ended CEO and would that and today's Chairman statements that and made on call assumptions call me involve on the Rob Presenting uncertainties. are current today's forward-looking forecasts with some of risks of based to like Ellin, LiveOne. I on remind are you various is and expectations, performance to These growth company, of statements future but regarding include, results in future the limited expected expected statements financial not business. future including the are and the results filings. on report for results XX on statements, and materially year from variety company's a Actual annual cause about materially including differ to ended the March with to differ those filings may could from actual information this call the company's forward-looking refer its reasons. Please those SEC Form these factors, for in SEC XXXX for described the XX-K which of the subsequent non-GAAP the its Investor We the you which for on posted reconciliations important discussed Relations most is Investor company's website. The earnings content. measures company in visit measures financial of to Relations encourages today find website GAAP release, comparable financial periodically to

will on the the is website recorded. it after to via information Following August Relations any date available conclusion obligation to questions, the company and date call. I'd undertake not Investor except a update webcast, the media like of the to making does following XXXX. be your is of call. discussion, shortly its the required The investors as company to reflects revise And of the available contains highlight including of view the that replay XX, time-sensitive management's call, information being to in this section responses the this by or investors and call and law,

is this strictly has rebroadcast any it company consent the any expressed, the form prohibited. that company is the of redistribution, transmission, of in property or written call and Additionally, or the webcast

Now the call over I turn would to like to

Ellin. CEO, LiveOne's Rob

Robert Ellin

I'm you, commitment share has Thank outstanding thank and and today. first progress to thrilled to morning, unwavering joining us by LiveOne greater a good and the model. our that Aaron, everyone, achieved, driven you for success

Our of strategy record-breaking and in PodcastOne, and million and fiscal $X.X in XXXX, milestones achieved of QX reached comprising we we incredible audio and execution. Slacker of $XX.X demonstrating strength EBITDA, million radio business our division a revenues the adjusted

we from EBITDA to ahead, phenomenal million adjusted a XXXX division, anticipated and to $XXX project Audio which $XX Looking ranging year revenue of million million. million for $XX $XXX

exciting opportunity for growth. Our us solid position continued and foundation

Congos with experienced over headed with that Slacker continue Brad has grow partnership. We ago, map a growth, and has doing leadership, signing BXB Bill securing up the remarkable road a months millions and starting deals. almost of Radio On partnership Iteris Tesla, our partnerships, added formally X strategic Microsoft to great hundreds BXB crafted division He major of X dollars remain of of for partnership from trillion huge million month. with $XX one company, streaming additional adding of million XXX multiple a networks $X year with partnerships Fortune $X closing with the anticipating including partnerships, a We're is billion market revenues additional pipeline. deals the major about potential to on ends. Based X of of signing success, largest which this cap ranging companies before in XX $X partnerships a

each expanded of a moving vertical. aggressively X BXB in XX have have people area. hire the charge team fully and from to We BXB now to our our professionals X over expect to team leading We of ahead

a in in lowest led XX tremendous million, million and $X.X industry. with grow sold the amount signing of to to major membership cost-efficient couple is years. be growth very shows the unique television last XX a show spending We've than Our those next moving from film. There's our steadily, is Kit the over money television in second XXX by podcasts. will to success, from new a a little seeing increasing of $X.X less maintain months, and podcast bringing marketing our Gray, year podcasting PodcastOne, to partner that $X million total podcasts that we by continues the far this streaming coming breakage to from

publish business, Josh [indiscernible], and led funded -- original over Carton by publishing $XX XXX% to X Hallbauer, [ produce program ]. with funded Studios brand by We mega million. the Our grew granies are partnered distribute with and and

in it led stock lies the an by million our $XX what the XX those, leaving shareholder remains our to prospects. additional We XX division, undervalued celebrity with stock you, our everyone, to Our dedicated and excited Kyle. stock move and to and conclusion, of introduce celebrity to us $X.X our QX in company's hand for million. shares LiveOne. I'm and over We're [indiscernible] confidence growth future to commitment extremely months, purchased the to with XX our going confident next million brands to belief This Aaron ahead. a set the Sullivan [indiscernible] now buyback your Birthday unlimited future enhancing about believe and direction we value. In [indiscernible] impressive to again over support X.X results. and program. Thank brands We're including underscores given expanding in is Sex, review over extinguish

Aaron Sullivan

ended the for providing our the million. [indiscernible] $XXX,XXX. million. million posted $X.X results Thanks, was spend fiscal and quarter adjusted QX loss EBITDA revenue a June for Consolidated a period million XX. brief adjusted X-month revenue $XX.X Rob. XXXX of of of very record an posted $XX.X of record minute $XX.X ended with PodcastOne revenue of 'XX XX overview EBITDA June I'll of first just for

was consolidated $X.XX Slide $X.X 'XX. sponsorship basis, $X.X in a loss fiscal revenue share membership XX% other On million. posted and of EBITDA period. Consolidated For diluted in merchandising and QX adjusted QX a of XX% first to merchandise year consists U.S. million membership XX% XXXX, fiscal a for X compared and fiscal 'XX net GAAP or share, sponsorship of prior XX% advertising and quarter the advertising the

total subject dispute recognizing contractual million. free approximately are include June for were X.X to revenue. Rob, numbers which which members I'll of we that a XX, who members, Note it not turn in are currently to included As are back you. total members certain XXXX, currently

Robert Ellin

Great. for you've great the done. job thank Aaron, you and

these has we're other hotels, into put fabulous year. wrap world, partnerships. those airlines, the auto million our major expanding so Merchandise right in for it energy the and We're years, big first that's our around carriers, BXB team cash $X auto. we the That first focus many flow up, those verticals as major to almost billion verticals. partners and partnerships major streak all go the And and our on team. Obviously, hot seeing to are We're are that the we're lineup, carriers with in on the why grow a time deals in Just companies, seeing a to across companies, on opportunity going team growth trillion do, And seeing those across we these businesses, the to is companies, $X the BXB now, that X kicking could $XX there's it's going now We're real revenues we're to focus deal, together going EBITDA. really $XX right retailers, expand just opportunities in. revenues. growth million-plus with

thank open joining to up everyone any want for and it questions. for I So

Operator

Instructions] [Operator

comes Our first question Brian AGP. from Kinstlinger with

Brian Kinstlinger

have reaching the growth broadcast of I'm go partnership partnership I to BXB more sounds terms like material to million solid in said. $X sequential revenue. a quarter, does you great that It's the you and mentioned see think how have in much And beginning kicking in runrate? impact, a about the curious that peak to

Robert Ellin

Yes.

it -- So numbers, this we scales in Brian, and don't the give it, is up. started exact but November on

I and it's the stars cost It get hour the And of with million we think an content social so has And beginning bigger. This the biggest media you'll of content we its the beauty become each in large opportunity to I about under is revenue that So streaming world, much critical content is going couldn't have the us quarter $X,XXX expensive partnership that yes, the more putting platforms. AAA growth be an excited And the hour. think of costs see content. our content of so it's right? our in across $X.X forward.

NPD that channels first all let music no see about the alone choice partners the and satellite When think music anymore, about think and music across And have country and networks. grow to we streaming we there you really really is audio and is how you thought have an So and and or video. streaming really cable I thought opportunity leader that. video on -- to leader in many opportunity of audio many be this were channels

Brian Kinstlinger

Is right, details ramping. that was that it and to wrong, press then period long was if on And the right? addition can that's the relates last that as of podcast before over million such as the me correct that I on that mentioned think some you the $XX $XX think, so that's do That's X release. just And in one Great. begins and I'm how million BXB if time? you partnership call pending And it ramp? to you on other comment is

Robert Ellin

Yes.

Let's and in that. We're that be more a next to we'll it going details little bit won't provide I be capital think have in just the on And near publicly partnership future. very the one. shortly a lot

of that As additional weeks. and clarity next we'll the have we've major coming some X partnerships we on earlier, now signed couple real stated over

Brian Kinstlinger

it because want happens But X the that be $X clear, I just ] number. million be the $XX November, partnership [ to that's right? million to just to clear same different than be is from

Robert Ellin

growing one. No, and no. started same is November the That's up. in and scaling it's That

Brian Kinstlinger

fill or guess could fill where heard much win maybe of How to lots these Okay. starting is And become partnerships? could. on podcast the the question rates speak inventory viewership I today's on then inventory you the of rates can better podcast. you listeners as I

Robert Ellin

you want that? to Aaron, do take

Aaron Sullivan

Yes.

terms we're consistency partners. of to sell able we're think of through kind I our in what rates seeing fill to in

working that. way the though, The that. Rob, kind So revenue, try of think leave to I'll to is increase we at if I available to to we're right? quicker will you add. inventory, that's what And anything just towards. Yes, have optimize

Robert Ellin

followed I'm Yes. not exact question. the I sure

Fortune get. what additional a we think And on is I understood Brian, you're with massive inventory, right, getting it with for as network, answers think deals right, more question. spread across we're I this tentacles traffic, streaming BXB not but and I not that company, advertising [indiscernible] these to traffic audience, just it, and the right, is spread our more sure go I'm articulating ours, audience, your more the the eyeballs more

Brian Kinstlinger

to Yes, off we'll market And advertising is in question aggressive share how line. you unique your in listeners? are increase or downloads growth Perfect. take it last my

Robert Ellin

. [indiscernible] more time? X

Brian Kinstlinger

budget is listeners? new you the guess I just I I'm how acquiring increasing? are curious, mean

Robert Ellin

more already where to yet and places not really traffic to keep [indiscernible] the is our part multiple traffic, right, and opportunities TikTok the is key. more beauty the those all of those for revenues right, the distribution we built into budget and content And because own is The the the continue audience, more is times. the getting And revenues new technology, we our us, own derive. come

Operator

Barry We with now Research. turn Stein to Hills

Unknown Analyst

wondering that. a we million number if of verticals. can mentioned you $XX pipeline, the get a breakdown Rob, more On on little different

You're Could within for And on vertical? does how you the each in little How pipeline? that those us along by of pipeline visibility hiring verticals. more of far so a the senior that contract you're you process. to many that tendered managers -- a pipeline, give have break down

Robert Ellin

I a can a, chip legal mean from companies I than Number converted absolutely balance if us auto have sheet tell know is balance the and standpoint. right, don't you can I sheet right? right? deeper this I opportunity at I is, $X.XX, expand now will we gives -- all pretty additional this get Yes. was very debt that that what globally, because think But pristine and our our X year, is to the much

-- saw opportunity. Amazon globe. media the to opportunity we rich from all have excited love, be has to couldn't and all that right, million have, bought Must-have it. more love right, digital Costco, you Love, BestBuy happen much X Right? are must content. you're to $X.X starting $XXX by And in some ago, you're around with right? about Amazon, with where the of that the years retail, we my Visio as sold right, so opportunities and So billion. [indiscernible] come carriers Walmart world. came for see going thoughts It I that only and retailers when The Charlie everyone we're to watching love competing the always Walmart seeing fruition

see content for their $X.X really paying And own the the ] they're and billion That's safety to like retailers first, on going to create the it. with head [ they're sign across going Now are Prime. telltale Amazon I they're Amazon exciting. compete all

loyalty we're turning to our content. the and opportunity and really the to in just of You're X and right? massive going and to think event We're more got for podcast are television fastest-growing. to that world. this our more have content XX In original more original third programs, DSPs proving more We've company. We're like I networks the podcasting, from of very more content need airlines terms hotels unique that and music, content tonight, doing and going right, shows more

have months. so I'm And way are think ones These moved going. the sort that's excited of the close have about more And that along we're XX really in pipeline. deals there's opportunity an are XX shape next than where really that that that to in the -- in we that

Unknown Analyst

X are you live, we'll as with Any on believe announcements on that, see releases that those. on are they deals press And process? discuss go then can't you've are. who that there But said signed that actually they continuing update I

Robert Ellin

Yes, it's coming.

those we coming. So before year-end -- all is again, said are

even detail for right, partners, very the in in $XX you right? deal, the of multitrillion let the us, you much So going. million on say trillion, the more is the imagine, of billion see million that's and each million they're you're we told year XX some if these where range subscribers can about how when And next they're and fast, of $XXX X dollar Street to they're X million in those, $X.X the And is see of deals they're talking as And so And get what million right, size will to in shortly. it, goal with to $X $XXX is, our careful are the XX meaningful, be coming goal doing subscribers. billion year. What put that's deals, and the details next you're And you'll to had couple EBITDA. to hit, those got But to and right? announcements going right? X highlights $X if give years. to I've one, over those half Every you to going revenues. be last going going us

Unknown Analyst

And on about And then you you that used I then the is minute serving carriers in balance times want up will to couple allow response go word to a the call, you've the you to cleanup In pick ago, which talked a script, cited globally. of question, global. your globally. sheet in my

So aspiration global Tesla almost that's I rights. things of been kicks a in is that long-term get of streaming And automatically believe the company to the X automatically.

So what implications the music And to global on getting closer a least of basis. alluding that European to that at or rights you're you're is that would is what be? streaming

Robert Ellin

right, We've turn has and right done magical adversity we've not Digital including globe. times. this survive just the entire business. survive some I'm right, times post-COVID, inches But going had X of it gone moving around is it proven fighting through you'll team our the and that overseas. here. had part big having of away company. a we're me, we're difficult unaffordable, and to live it. story job very knows hoping We to of backs see was my we going a only from Turbine of to -- all the We shortly, we survive, companies, last through We it. some lost were we've the tough they of to but our revenues pivot And off built overseas in lost And We for expand growth and anyone then, was licenses carriers, those this COVID. XX%

relationships We there. over have tremendous

that. And company affordable it right? you revenues half -- is at in U.S. it. going. able the with the to partners, forefront of to So overseas, start it's our existing I We're to We look XX%, come the way And if their at not had long-term the driving XX% and right, it's of revenues sense. come ready to see position think if you not our all be and overseas. positioning Spotify, better do where and is But memberships, time be how our partners, And have now deals in we're the where where traffic it whether only any partnerships time existing see can content pipeline, Netflix our the first look but live. can the of expansion those we XX makes partners the all long-term absolutely, and definitely right our there or of you'll where start also for in to have from --

Unknown Analyst

great. That's then Okay. And question. last my

You just question. last alluded to my

was out, and started live was And the that early You And event live do saw, would profitable that said the press mention would a to main events. in to in event the live get you you're interesting you thought they previously, history and events events. doing sponsor ore-COVID, the what a of release do that that. I Hamptons. live it put not is know you company, to were unless you've need I I a

company on So a -- live back do are mean toes events? more its to the dipping is way that this the profitably? found you does we And in water

Robert Ellin

absolutely. tonight. event Yes, And the we're doing

Guy world, right? next know We We're of And music heard Alber, anyone to proven before [indiscernible] Swims have [indiscernible] that in [indiscernible], in runs Teddy positioning Double right? have have ourselves Hills, play of platform, had stars and you studio at sponsors becomes them. has see Josh proven, the great from our our again we biggest We who right. I on them X streaming the we've

going the talent This to really resources, leader tonight. a the to to music we audio back it we is time critical now video. on you're thought have just spectacular with not going obviously watch to we're right, step So leader, up is our but the as that relationships have be in a thesis that gas. thought industry. pretty And the to well the as the And

see perform going all to artists of You're XX in music. genre

the play PNS see and PNS great R&B And the of all the main way up in some you're performing. between, the see to You're artists squeeze. going to classical going hip-hop X greatest of to

as the to were be what of unique revenues deals, be a company, a well really us a to Head brands can driving We about really of just We're talent. skill, stars, more the We putting revenues derive products massive our with $XXX,XXX our White joined relationships doing and own team $X the don't able of and be going see music drive conjunction to artists. it's brings talent celebrity in closer proud see as [indiscernible], to revenues. night to with they She podcasters were And was with want partnerships. billion. unique they So when to Claw doing our as done. starting revenues opportunity those to more should left to right, when talent you able celebrity company, of they by special who's the as getting that only social off up. I'm is huge including celebrity by they've and media at

Operator

McGowan ROTH now Capital to turn with Partners. We Sean

Sean McGowan

apologize asked I I couple of if these a questions from have times. dropped been call got but the

PodcastOne, cost what's to of a talk about on we expected, particularly at higher Aaron, than be can First, little had that? driving sales you seems

Aaron Sullivan

Yes. Yes.

and content podcasts. some of a the signing been acquisition to deals costs upfront That's cost have little of new higher bit than we these So anticipated. kind our

we're to then and out of forward, Going improve start expect from next level at where to the quarters there. over about today it we couple

Sean McGowan

were this networks. And getting to expected? shows actually was case to thought a or we the to that had than easier question the I an you? or pick not going other environment be it then, -- surprising Rob that were to in tying the dropped not is terms that for where up either Is in proving same renewed be of less case getting from you a

Robert Ellin

to it's right? podcasts. a week, actually so it I almost that podcasting. it, mean really every way works, there's many No, X just The exciting. and we're Sean, in announcing cost signing We're

podcaster this -- X collecting little have some start money, for the X a the months, You right? months. morning, signed you're and they You to They your even them them next about talked if X for right? is paying bit next pay money podcast, and I the doing not you're you back

a time. there's window So of

many nose, average say adding of right would a as these $XXX,XXX Aaron Every I how revenue. So per they're about signing hit podcasts in really it's it and joint. X podcasts on but single the to we're exciting $XXX,XXX

than the doing get be get cost back and We'll So paid those right -- start a little to And growing back the can't end advertisers. that better by but beginning, there's we'll the to the revenues going in back achieve in in really it get can't end. we'll -- to that. we the be when now

Sean McGowan

to to. So signing them. you so It's more you that much to than that per it's have not pay you're podcast had more just get expected

So the higher. is that's why cost

Robert Ellin

been there's It's There's really to door day got of money. well bit exciting. X. that And Yes. signings some been a exciting there's really the as little out go

Sean McGowan

of up And and you that talked lining then and terms about signing lot it. a these -- process you're partners. in Got more in deals with

-- So going and or your improve guidance the new update Is are to have are because if some deals you've them then to signing once revenue increase others, you're signed it down? the or strategy nail or just revenue you closed that would I guidance. deals wait is thought on maybe the increase only until

Robert Ellin

right right, I we're to the audiences, good think the more as to guidance in bigger going distribution we're drive. now, number bigger right? XPX the the is, a Again, announced deals, and Well, our going revenues we is our

spectacular don't those of the So at growth. surprised carefully. great is if for PodcastOne. be let's This next raise look I'd But quarter. end growth we again guidance

sure let's numbers. that the We This at make of quarter and going market the tough to beat out number, that look as Let's want we we're know. a is there, make right? again at you beat sure the to end this number really

Operator

We Levies Levies Financial. now John turn with to

Unknown Analyst

with and you. [indiscernible] presentation, question conference quarter strong there a on But a anyway, for for excellent the were issues. Congratulations the call quick on sorry technical some problems

make in its what with time, want strategic it's disclosed JPMorgan them you progressing? how plans at and represent to relationship to -- any your X there dialogue So are company comments and the

Robert Ellin

the right? last we've aggressively both both acquisition over and mean with the looking can great entire team is the are fits we also sides, Mortgage decimated time the to even event an both up that rate offense $XX Slacker out we JP in the been have, #XX great couple million offense We're is and continuing do are always the aggressively some about there. we've find there in different that and certainly that and the #X in revenues, to companies a difficulties keep the so audio, we opportunities will another candidate that bought centrally of absolutely podcasting. of on defensively a $XX years have could explore media doing doing doing now but the at been to been certainly come we run that And PodcastOne, extremely It's If and us, This as of PodcastOne assets are do side probably million, both from ladder, moving are look great hampered I there. rate it now those finite. aggressively a right? some skills $XX private.p There's we're bought assets in we over we we We another with been find at. all million. that vehicle, can we're excited we right? and out for on have that run the we a world is us could We're accretive and is and the aggressively $XX try been buy asset If on than have to coming another to that Slacker, out team right? public assets find with million. more on looking

excitement trenches we're both a deep on regular sides, offensively basis So around on the them all both and and energy in with the defense.

Unknown Analyst

vastly BXB in have? opportunities looks Slacker comment How off has and And to intellectual $XX pipeline. And The You business. be contracts to the you're you now rest be than that doing. really great. quick mentioned brilliant a there's what more that? on And comment. a there? how in pipeline. the with It's That's an million property that's from -- But patents cetera. core taking any acquisition saying been a Brad job unique interesting the differentiates what's seems that, the model, that et Sounds do really that and that actually, many

Robert Ellin

have standpoint, Well, a we're think patent the Yes. over leaders XX of space. patents the I we thought from X in

I think how be. IP, first of is to starting from could standpoint the this our IP the time valuable showcase we're

Just a right? right. bidding very would town the it, said us taking and Bottom right? taking podcast, And I think -- just talk and a about And about a war in is be who the podcast no We that we'll sold shortly, rights to cost partner almost money, right?

team's to My lot going television of background to a made lot money. television shows. us cost The forward. previously background. We've Literally and made movies. very my and X it a selling now limited We've serious of money is

the staggering, So when next right? money window of couple we're you for IP, I get second sell a said to going you years. own be a that of year that could X And

just doesn't year. profits X in year, few dollars do really, with we have profits money a well sold that book around we've $X IP, alone have additional sell know bullet [indiscernible] are these When the in, We are previously excitement they turn And enough we I a million great you just audience. corner up only -- you proven on be could Spidey I Bottom in we the both spending -- IP, things, with never atmosphere let in and cost go a when on. it because to we go spent of that the script us. the have if Chronicles. are or millions already to they've Now opportunities could to very $X company well super own see of going who that. or films doing you be go there's paying $X.X to next top an and Bottom And not over on a this anyone was town, movie those to really fortune over when to years a the the tens over to give into a in that but you're studios and negotiations, we come idea billion we revenues, XXX having no of by -- And partners be Vigilant, got proof revenues. on but will go ended an going time XXX studios proven town how have and streaming different then know, million shortly you And to can story,

about So own owning our kind IP. energized we're of skill and owning this is our team's own IP really

Operator

private now We turn investor. Sakamoto, to a

Unknown Analyst

Congratulations most on your you could some increased. already been have first questions explain I is my questions administrative general answered, I And of still of all it have results. noticed goes? remarkable how that expect could costs and but this And quite

Robert Ellin

[indiscernible]

Aaron Sullivan

Yes. one. that take I'll

really driving entity, of included well, accounting PodcastOne, company public it and and public question this there's then comp is And got We've that as I drivers it's and general the have that's compensation. think a of increased had in relates results G&A in executive -- as consolidated kind to contracts as separate increase stock-based you've are some X what's the expenses. legal was that. G&A in across additional specifically, to them, is our some the just One kind And have business units? yes, stock-based G&A. just expenses the so additional there so additional that's

Unknown Analyst

costs extra no recorded there's So there.

Aaron Sullivan

catch quite Can that. didn't I repeat Sorry, that? you

Unknown Analyst

in included costs? were costs extraordinary G&A some For

Robert Ellin

you. and both I there, opportunity and job public a with really But accounting the we costs to brilliant companies, think for so done additional PodcastOne. and the audited in team Slacker on finance filing there's the both we answer it's have I think really costs And right, And there's additional also then Slacker. just that radio also if of we're hard to financials think audits Aaron Yes, -- X right? doing legal hear you, our LiveOne can explored doing I a Slacker of

of is this. be additional excitement and and around legal There well. stay tuned that costs that. will But on So both some accounting energy as there

Unknown Analyst

X any division from more question. Is our explored seasonal factor that some And seasonal maybe Allison Okay. ever. by [indiscernible] pack in revenue in

Robert Ellin

time? I that try You X really apologize. more

I question. think the

Aaron Sullivan

business Is the factors? seasonal pressure across there seasonal and units

Robert Ellin

some got have a... We We as.

Aaron Sullivan

Go All right. ahead, Rob.

merchandise that's other largest our QX, that, of or that podcast, and even business, seasonality there. And quarter. our is QX it. In QX, in take subscription But I'll our little So calendar no business our fiscal bit. than which out a think kind

Operator

no I'll now Ellin remarks. questions. final for hand [Operator further have Instructions] any to back We Robert

Robert Ellin

think I lot today. a covered Yes, we

come. signed, thank getting shortly, shortly the the covered a support. in announced joining look And thank more earnings everyone X be want on be updating have will how those the numbers everyone we to BXB think some already were. and to I for we and spectacular will forward very partnerships I we that lot to for and major and there

So everyone, and I to we thank it, you, and call. appreciate look the next forward

Operator

thank and for Ladies gentlemen, participation. call to today's We'd has like concluded. now your you

now disconnect may You your lines.

LiveOne (LVO) 13 Aug 242025 Q1 Earnings call transcript