Live Ventures Incorporated, a diversified holding company, announced its actual financial results for the fiscal second quarter of 2025, which ended on March 31, 2025. The company reported revenue of $107.0 million, reflecting a 9.8% decrease compared to $118.6 million in the same period the previous year. Operating income showed a significant improvement, increasing by $2.9 million to $2.1 million, compared to an operating loss of $0.8 million in the prior year period. A notable development this quarter was the successful negotiation of a $19 million reduction on the balance owed under the Flooring Liquidators, Inc. seller note. This, combined with the cancellation of accrued interest and other items, resulted in a $22.8 million net gain for Live Ventures. In response to industry-specific challenges in its flooring business segment, the company has implemented large cost-reduction initiatives in its Retail-Flooring segment, leading to significant savings. The company remains committed to enhancing operational efficiency and maintaining confidence in its long-term business fundamentals.
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