LiveXLive Media, Inc.

9200 Sunset Boulevard Suite 1201
West Hollywood, California 90069

BASIC INFORMATION

Contact: Tenia Muhammad
Phone: (310) 601-2500
Fax:
Email: tenia@livexlive.com
Website: livexlive.com  
 
Stock Price Alert: $1.65 on 11/1/19
Symbol: LIVX 
Exchange: NasdaqCM 
Industry Sector: Entertainment
Employees: 76

COMPANY HISTORY

The company was formerly known as Loton, Corp. and changed its name to LiveXLive Media, Inc. in August 2017. The company is headquartered in West Hollywood, California.

LiveXLive Media, Inc. is a global digital media company focused on live entertainment. The Company operates LiveXLive, the first 'live social music network', delivering premium livestreams, digital audio and on-demand music experiences from the world's top music festivals and concerts, including Rock in Rio, EDC Las Vegas, the Montreux Jazz Festival, and many more. LiveXLive also gives audiences access to premium original content, artist exclusives and industry interviews. 

COMPANY BUSINESS SUMMARY

In the first quarter of 2020, LiveXLive livestreamed 9 major festivals and events, and produced 2 additional events for a total of 11 livestreamed and produced events as of the end of the quarter. First quarter 2020 festival and event livestreams included EDC Vegas (Las Vegas, NV), iHeartCountry Festival (Austin, TX), iHeartRadio Wango Tango (Carson, CA), and BTS, Madonna, Judah & the Lion, Vampire Weekend, Thomas Rhett and The Raconteurs. In addition LiveXLive also produced the first weekend of the Montreux Jazz Festival (Lake Geneva, Switzerland) and Hangout Music Festival (Gulf Shores, AL).

In its first fiscal quarter 2019, LiveXLive achieved over 22M livestreams, 92 artist streams on the Company's platform, and over 124 hours of live music content streamed; over 28M livestreams, 123 artists and 152 hours of live music content streamed during the first four months of fiscal 2020.

The Company ended Q1 fiscal 2020 with paid subscriber base growth of 50% year-over-year and total paid subscribers of over 740,000 as of today. 

TOP OFFICERS

Name
Title
Fiscal Year Pay
Biography
Robert Ellin (52)CEO$500,000View Biography
Mike Zemetra (48)CFO$265,000View Biography

SHARE RELATED INFORMATION

52 Week High: $6.95 on 1/16/19 Total Shares Outstanding: 58,040,170
52 Week Low: $1.11 on 11/15/19 Public Float: 24,000,000
All time High: $14.20 on 11/1/17 Earnings Per Share:
All time Low: $1.11 on 11/15/19 Book Value:

View Historical Stock Prices & Volume for this company

FUNDAMENTAL INVESTMENT HIGHLIGHTS

  The stock is trading at a relative 52 week low and an all time low of $1.65 per share as of 11/1/19.

  Revenues have increased over 500% from last fiscal year to the current fiscal year.

  Roth Capital has initiated coverage with a Buy recommendation and a price target of $8.50 per share as of 8/21/19.

  The stock is trading less than 3x revenue at the current market cap of $94 million as of 11/1/19.

  Insider buying over the last 12 months shows a tremendous vote of confidence from The Company.

INSIDER ACTIVITY

Within the last 3 months alone, Robert Ellin, the CEO has purchased approximately 73,700 shares of common stock at an average price of $2.45 per share. That is an investment of approximately $180,000. This does not include shares that he has purchased throughout the year at much higher prices.

FINANCIAL SNAPSHOT

All numbers in Thousands

Fiscal Yr
Ends 3/2019
Prior Fiscal Yr
Ends 3/2018
Recent Quarter
Ends 9/2019
Revenues  $33,701  $7,195  $9,583
Pre-Tax Earnings (Losses)  ($37,544)  ($19,014)  ($10,619)
Total Cash  $13,704  $10,285  $16,053
Total Assets  $58,900  $68,000  $58,723
Total Liabilities  $49,436  $29,630  $54,472
Shareholders Equity  $9,463  $38,397  $4,251

View all Filings for this company
MicrocapHeadlines' compensation is 15,000 shares of restricted stock and $6,000 representing a 3 month period as of 11/1/19. In addition, the President of Microcapheadlines has purchased 20,000 shares at an average price of $1.80 per share.

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