- Live Ventures Inc (NASDAQ:LIVE) reported third-quarter FY21 revenue growth of 63% year-on-year to $69.1 million.
- Segments: Retail segment revenue grew 52% Y/Y to $21.7 million, Flooring Manufacturing revenue increased 23% Y/Y to $34.2 million, and Steel Manufacturing revenue was $13 million.
- The operating income rose 37% Y/Y to $8.2 million. The operating income for Retail rose 69% Y/Y to $3.9 million, Flooring Manufacturing decreased 7% Y/Y to $4 million, and Steel Manufacturing was $1.9 million.
- Basic EPS was $6.35 versus $2.18 last year.
- Live Ventures held $48.3 million in cash and equivalents. It generated $32.2 million in operating cash flow during the nine months ended Jun. 30.
- Live Ventures continued to acquire new platforms with an initial investment in Salomon Whitney Financial in June.
- Price Action: LIVE shares traded higher by 1.77% at $27.336 on the last check Monday.
B of A Securities Downgrades Cellebrite DI to Neutral, Lowers Price Target to $6
B of A Securities analyst Tal Liani downgrades Cellebrite DI (NASDAQ:CLBT) from Buy to Neutral and lowers the price target from $6.5 to $6.
