Celebrity Beauty: LiveXLive Media Announces Record Results For Fiscal 2020

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Celebrity Beauty: LiveXLive Media Announces Record Results For Fiscal 2020

Celebrity Beauty:

– Sage fiscal 2020 income of $38.7 million, up 15% twelve months-over-twelve months

– Sage fiscal 2020 Contribution Margin* of $5.9 million, up 132% twelve months-over-twelve months

– Reached 849,000 paid subscribers, representing 25% enhance twelve months-over-twelve months

– Since April 1, 2020, livestreamed over 35 are residing song occasions and 1,200 artists across the LiveXLive platform, generating over 60 million are residing views and over 5.Zero billion video views of #musiclives across TikTok, as when put next to forty two occasions, 230 artists and over Sixty 9 million views in all of fiscal 2020

– Agreed to do PodcastOne, a main subscription and advertiser-supported podcast community with $27.5 million in calendar twelve months 2019 income, over 300 podcasters and 2.1 billion annual downloads, in alternate for 5.5 million shares of overall stock. The acquisition, valued at $18 million, is expected to halt in July 2020

– Launched Pay Per Gaze (PPV) across the company’s song platform in Might possibly well 2020

– Reported ending money and restricted money of $12.4 million as of March 31, 2020, as when put next to $13.9 million as of March 31, 2019

LOS ANGELES, June 18, 2020 /PRNewswire/ — LiveXLive Media, Inc. (Nasdaq: LIVX) (“LiveXLive” or the “Company”), a global platform for are residing traipse and on-assign a query to audio, video and podcast issue material in song, comedy and pop custom, launched on the present time monetary results for its fiscal twelve months and fourth fiscal quarter ended March 31, 2020. In fiscal 2020, LiveXLive posted file income of $38.7 million and a file contribution margin* of $5.9 million, as when put next to income of $33.7 million and a contribution margin* of $2.5 million at some stage in fiscal 2019, driven by stable subscriber enhance. The Company recorded a loss from operations of $36.Zero million and acquire loss of $38.9 million in fiscal 2020, driven by toddle contribution margin* as a results of continued subscriber enhance within the duration, offset by 41 occasions livestreamed within the duration, coupled with ongoing working investments to develop the Company and $23.three million of non-money depreciation, amortization and stock compensation and non-routine costs within the duration.  With the exception of those non-money and non-routine costs, fiscal 2020 Adjusted Operating Loss (“AOL”)* used to be $12.6 million

Celebrity Beauty: LiveXLive (PRNewsFoto/Loton, Corp.) (PRNewsfoto/LiveXLive Media, Inc.)
LiveXLive (PRNewsFoto/Loton, Corp.) (PRNewsfoto/LiveXLive Media, Inc.)

LiveXLive Chairman and CEO, Preserve halt Ellin, commented, “With the abrupt pause of are residing song concerts because of the COVID-19, now we contain rapidly and efficiently positioned LiveXLive as the leader in song and leisure across are residing streaming, pay-per-glimpse occasions, podcast and vodcasts.” Mr. Ellin continued, “We’re in fact a fleshy stack are residing streaming platform with the flexibility to monetize issue material in multiple methods and times. We intend to proceed our stable natural enhance path while being opportunistic regarding further acquisitions and contain dramatically improved the economics of our enterprise with a transparent point of interest on profitability.” 

“Our This autumn results were not off beam, highlighted by stable subscriber enhance and tall enhance in working leverage within the 2nd half of fiscal 2020,” acknowledged Michael Zemetra, CFO of LiveXLive. “The anticipated acquisition of PodcastOne is a critical section of LiveXLive’s evolution and is expected to open up critical monetization opportunities, income and price synergies and provide a springboard to flee up our enterprise and expected profitability transferring forward.”

In the fourth quarter of 2020, LiveXLive livestreamed 14 main fairs and occasions. Fourth quarter 2020 competition and match livestreams integrated iHeartRadio ALTer Ego 2020 (Los Angeles, California) and iHeartCountry Podcast Awards (Los Angeles, California) and featured main artists alongside with French Montana, Selena Gomez, Dustin Lynch, Kesha, Grammy Occasion, Sting, Green Day, Lil Shrimp one, The Basement, Silversun Pickups, Lauv and Tinashe.

Recent and This autumn Fiscal 2020 Highlights

  • Since April 1, 2020, LiveXLive livestreamed over 35 are residing song occasions and 1,200 artists across the LiveXLive platform, generating over 60 million are residing views.  By comparison, forty two occasions were livestreamed in all of fiscal 2020, reaching over Sixty 9 million livestreams and 230 artist streams on LiveXLive’s platform.

  • Since April 1, 2020, paid sponsorship has bigger than tripled across the LiveXLive platform when put next to any quarter in LiveXLive’s history.

  • Produced and curated Song Lives, a forty eight-hour are residing digital competition that comprises over 100 artists that streamed April 17 – 19, 2020, with sponsorship from TikTok and Oculus Venues. The competition drove over 50 million livestream views and greater than 5.Zero billion video views of #musiclives. Following this success, Song Lives ON used to be established – a weekly series of are residing traipse performances that comprises established and emerging artists across multiple genres.

  • Launched a new Pay-Per-Gaze (PPV) offering in Might possibly well 2020, enabling new kinds of artist income alongside with digital tickets, tipping, digital meet and greets, merchandise sales and sponsorship, generating over eight,000 tickets sold so a ways at a median price elevated than $20 per ticket.

  • Agreed to do PodcastOne, coming into the rapid rising podcast market, in alternate for 5.5 million shares of the Company’s overall stock valued at approximately $18 million on the announcement date.  Based by radio pioneer Norman Pattiz, PodcastOne produces and monetizes over 300 podcasts per week, had over 2 billion annual downloads across their platform and calendar twelve months 2019 income of $27.5 million. The acquisition is expected to halt in July 2020.

  • Ended March 31, 2020 with 849,000 paid subscribers, representing enhance of 25% twelve months-over-twelve months.

  • Extended livestream partnership with iHeartRadio by 2022, alongside with access to over 25 are residing streamed iHeartRadio occasions once a year with iHeartMedia, alongside with the iHeartRadio ALTer EGO, iHeartCountry Festival, iHeartRadio Wango Tango, Daylight hours Stage on the iHeartRadio Song Festival and iHeartRadio Fiesta Latina – which delivered over Ninety are residing streamed artist performances reaching sixteen million viewers in 2019 – and queer distribution in obvious territories of the enduring iHeartRadio Song Festival and iHeartRadio Jingle Ball.

  • Partnered with Sinclair Broadcast Company’s streaming carrier, STIRR, to do queer customary issue material for a new song channel to open in fiscal 2021.  

  • Partnered with Grammy Award-Winner Nelly and American singer-songwriter Jeremih to do, market, distribute, and monetize customary and queer issue material as section of new artist ambassador program. 

  • Released new unified audio-video Clear TV app journey on Apple TV, Roku and Samsung TV, with Amazon Fire to practice, driven by user assign a query to and their reach of over Ninety million households. 

  • Partnered with Baeble Song on a issue material, distribution and income fragment settlement to succeed in over 35 Platforms, alongside with Apple TV, Android TV, Comcast X1, Roku, Samsung TV, XUMO, and XBox and lengthen income seemingly.

  • Recognized by PC Journal as basically the most total streaming song carrier within the marketplace in This autumn 2020 and Q1 2021.

  • Obtained React Items in February 2020, a fleshy-carrier, club, dwell performance and competition promotion company, promoting over 250 are residing occasions per twelve months alongside with the Spring Awakening song competition in Chicago, Illinois. 

Fourth Quarter 2020 and 2019 Outcomes Summary (in $000s, excluding per fragment; unaudited)

Three

Months

Ended

March 31,

2020

Three

Months

Ended

March 31,

2019

Earnings

$9,879

$9,179

Operating loss

$(7,889)

$(eight,527)

Adjusted Operating Loss*

$(2,226)

$(1,917)

Fetch Loss

$(eight,534)

$(10,106)

Loss per fragment – current and diluted

$(Zero.15)

$(Zero.19)

Fourth Quarter 2020 Outcomes Summary Dialogue

Correct by This autumn 2020, the Company posted income of $9.9 million versus $9.2 million in This autumn 2019.  The lengthen used to be largely because of the the expansion in subscription income.  This autumn 2020 paid subscribers elevated 25%, or by a acquire 169,000 subscribers twelve months-over-twelve months, ending This autumn 2020 with 849,000 paid subscribers as when put next to 680,000 subscribers at March 31, 2019.

LiveXLive streamed 14 are residing occasions at some stage in its This autumn 2020, as when put next to 5 in This autumn 2019, vastly reducing the pricetag per match alongside with making incremental investments to force lengthy-time frame enhance. These enhance activities drove a acquire loss of $eight.5 million, loss from operations of $7.9 million and Adjusted Operating Loss* of $2.2 million.

This autumn 2020 Operating Loss of $7.9 million used to be decrease when put next to a $eight.5 million Operating Loss in This autumn 2019.  The $Zero.6 million enhance used to be driven by decrease non-routine and non-money working costs of $Zero.9 million twelve months-over-twelve months, partially offset by minute increases in routine bills of $Zero.three million as a results of investments made to develop the enterprise.

This autumn 2020 AOL* of $2.2 million used to be pretty flat when when put next to This autumn 2019 AOL* of $1.9 million, increasing a minute because of the larger routine working bills as a results of investments within the enterprise at some stage within the duration.  This autumn 2020 AOL* used to be driven by Song Operations loss of $(1.1) million and Corporate loss of $(1.1) million

Capital expenditures for This autumn 2020 totaled approximately $Zero.eight million, which were largely driven by capitalized software bills associated with pattern of our built-in song participant and products and companies in This autumn 2020.

At March 31, 2020, the Company had approximately $12.4 million in money and money equivalents, which entails restricted money of $6.7 million, and $sixteen.4 million in debt (inclusive of acquire $2.Zero million of deferred debt issuance bills and $Zero.7 million in shapely price embedded derivatives). 

Business Outlook

Fat-twelve months fiscal 2021 steering is as follows (which assumes that the deliberate acquisition of PodcastOne closes at some stage in early Q2 fiscal 2021):

  • Earnings of $sixty one.Zero – Sixty seven.Zero million, representing a sixty 5% lengthen YOY on the midpoint

  • Annualized Contribution Margin* of 30% – 35% of income, an enhance of over 100% YOY

  • Adjusted Operating Loss** of $2.5$5.Zero million, representing a 70% enhance YOY on the midpoint

  • Capital expenditures, which largely encompass internally capitalized labor bills supporting the expansion of our song platform, within the vary of $three.Zero – $5.Zero million

  • Expectation to livestream over 100 song fairs and occasions, an lengthen of over a hundred and forty% YOY

** With admire to projected fleshy twelve months 2021 Adjusted Operating Loss, a quantitative reconciliation isn’t out there with out unreasonable efforts because of the the excessive variability, complexity and low visibility with admire to determine on accounting adjustments, acquisition-connected costs and shapely settlement reserves excluded from Adjusted Operating Loss*.  We assign a query to that the variety of these items would possibly possibly contain a doubtlessly unpredictable, and doubtlessly critical, affect on our future GAAP monetary results.

* Test with About Non-GAAP Financial Measures within this unlock for definitions of Adjusted Operating Loss and Contribution Margin (Loss).

Conference name and Webcast

LiveXLive will host a are residing convention name and audio webcast to present a enterprise update and discuss its fourth quarter and monetary twelve months 2020 results on Thursday, June 18, 2020 at 5:00 p.m. ET (2:00 p.m. PT) DOMESTIC DIAL-IN: 844-746-0736 and INTERNATIONAL DIAL-IN: 412-317-0796. For those unable to participate within the are residing convention name or webcast, a replay would possibly be out there till June 25, 2020. To access the replay, dial 877-344-7529 or 412-317-0088. The replay passcode is: 10144871. An archived webcast of the convention name would possibly also be accessed on the Investor Family portion of LiveXLive’s web space at http://ir.livexlive.com/upcoming-occasions.

About LiveXLive Media, Inc.

Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the “Company”) (pronounced Are residing “by” Are residing) is a global platform for are residing traipse and on-assign a query to audio, video and podcast issue material in song, comedy, and pop custom. LiveXLive, which has streamed over A thousand occasions in 2020, has severely change a plod-to accomplice for the realm’s high artists and vital person voices as properly as song fairs concerts, alongside with Rock in Rio, EDC Las Vegas, and heaps others. In April 2020, LiveXLive produced its first forty eight-hour song competition known as “Song Lives” with tall success as it earned over 50 million views and over 5 billion views for #musiclives on TikTok on 100+ performances. LiveXLive’s library of world occasions, video-audio podcasts and customary reveals are furthermore out there on Amazon, Apple TV, Roku and Samsung TVs moreover to its contain app, destination space and social channels. For more data, plod to www.livexlive.com and practice LiveXLive on Fb, Instagram, TikTok, Twitter at @livexlive, and YouTube

* About Non-GAAP Financial Measures

To complement our consolidated monetary statements, which would possibly be ready and presented per the accounting rules usually current in the United States of The United States (“GAAP”), we present Contribution Margin (Loss) and Adjusted Operating Loss (“AOL”), which would possibly be non-GAAP monetary measures, as measures of our performance. The presentation of those non-GAAP monetary measures isn’t intended to be regarded as in isolation from, or as a replace for, or pleasurable to, working loss and or acquire income (loss) or every other performance measures derived per GAAP or as a replace to acquire money equipped by working activities or every other measures of our money flows or liquidity.

We employ Contribution Margin (Loss) and AOL to rob into anecdote the performance of our working section. We imagine that data about these non-GAAP monetary measures assists traders by allowing them to rob into anecdote adjustments within the working results of our enterprise slash loose non-operational components that have an effect on working income (loss) and acquire income (loss), thus offering insights into both operations and the other components that have an effect on reported results. AOL isn’t calculated or presented per GAAP. A limitation of the employ of AOL as a performance measure is that it does not contemplate the periodic bills of obvious amortizing property old in generating income in our enterprise. Accordingly, AOL needs to be regarded as moreover to, and not as a replace for, working income (loss), acquire income (loss), and other measures of monetary performance reported per GAAP. Furthermore, this measure would possibly possibly vary among other corporations; thus, AOL as presented herein would possibly possibly not be similar to equally titled measures of alternative corporations.

Contribution Margin (Loss) is defined as income less Rate of Gross sales.  AOL is defined as working income (loss) earlier than (a) non-money GAAP choose accounting adjustments for obvious deferred income and bills, (b) shapely, accounting and other professional bills straight attributable to acquisition advise, (c) employee severance funds and third birthday party professional bills straight attributable to acquisition or company realignment activities, (d) obvious non-routine costs associated with shapely settlements or reserves for shapely settlements within the duration that pertain to historical issues that existed at got corporations earlier than their choose date, (e) depreciation and amortization (alongside with goodwill impairment, if any), and (f) obvious stock-essentially essentially based compensation expense.  Management does not rob into anecdote these bills to be indicative of our core working results.

With admire to projected fleshy twelve months 2021 AOL, a quantitative reconciliation isn’t out there with out unreasonable efforts because of the the excessive variability, complexity and low visibility with admire to determine on accounting adjustments, acquisition-connected costs and shapely settlement reserves excluded from AOL.  We assign a query to that the variety of these items to contain a doubtlessly unpredictable, and doubtlessly critical, affect on our future GAAP monetary results.

For more data on this non-GAAP monetary measure, please mediate about the table entitled “Reconciliation of Non-GAAP Measure to GAAP Measure” integrated on the terminate of this unlock.

Ahead-Having a search for Statements

We create forward-having a search for statements on this unlock at some stage within the that blueprint of the Non-public Securities Litigation Reform Act of 1995 (the “PSLRA”). Sure statements contained on this earnings unlock (or otherwise made by us or on our behalf on occasion in other studies, filings with the U.S. Securities and Alternate Rate (the “SEC”), data releases, conferences, net postings or otherwise) which would possibly be not statements of historical truth constitute “forward-having a search for statements” notwithstanding that such statements have to not particularly acknowledged. These forward-having a search for statements sing to our expectations or forecasts for future occasions, alongside with with out limitation our earnings, revenues, costs, Adjusted Operating Loss, Contribution Margin (Loss), capital expenditures or other future monetary or enterprise performance or methods, or the affect of shapely or regulatory issues on our enterprise, results of operations or monetary situation. These statements would possibly be preceded by, adopted by or encompass the words “would possibly possibly,” “would possibly possibly,” “will,” “will seemingly consequence,” “would possibly possibly tranquil,” “estimate,” “intention,” “project,” “forecast,” “intend,” “assign a query to,” “await,” “imagine,” “hope,” “evaluate,” “proceed,” “target” or identical expressions. These forward-having a search for statements have to not guarantees of future performance and are in accordance to data out there to us as of the date of this unlock and on our present expectations, forecasts and assumptions, and possess tall dangers and uncertainties. Staunch results would possibly possibly vary materially from those expressed or implied by the forward-having a search for statements herein because of the a style of components, dangers and uncertainties, alongside with: the Company’s skill to consummate launched acquisitions; the Company’s reliance on one key customer for a tall share of its income; the Company’s skill to consummate the proposed acquisition of PodcastOne and the timing of the closing of the proposed transaction, alongside with the dangers that a situation to closing would not be joyful at some stage within the expected timeframe or in any admire or that the closing of the proposed acquisition will not occur; the Company’s skill to intention, help and lengthen the series of its customers and paid subscribers; the Company figuring out, buying, securing and atmosphere up issue material; efficiently enforcing the Company’s enhance approach, alongside with touching on to its technology platforms and purposes; skill to integrate the Company’s got corporations and the flexibility of the blended corporations to develop; the flexibility of the Company’s govt officers to build an eye on expected enhance profitably; the terminate consequence(s) of any shapely lawsuits pending or that would possibly possibly also be instituted against the Company, its subsidiaries or third occasions to whom the Company would possibly possibly owe indemnification responsibilities; adjustments in authorized pointers or rules that practice to the Company or its enterprise; the Company’s skill to acknowledge and timely put into effect future applied sciences within the song and are residing streaming home; the Company’s skill to capitalize on investments in atmosphere up its carrier offerings, alongside with LiveXLive app to bring and plot upon present and future applied sciences; critical product pattern costs associated with the Company’s technology initiatives; the Company’s skill to bring terminate-to-terminate community performance sufficient to satisfy increasing customer demands; the Company’s skill to timely and economically impress critical approval(s), releases and or licenses on a timely foundation for the employ of its song issue material on its carrier platform; the Company’s skill to impress and help international authorizations to characteristic its carrier over the exact international jurisdictions its customers create basically the most of; the Company’s skill to develop its carrier offerings and bring on its carrier roadmap; the Company’s skill to timely and price-successfully do, title and or bring compelling issue material that producers will promote on and or customers will choose and or subscribe to across the Company’s platform; the consequences of the global Covid-19 pandemic; overall economic and technological circumstances within the song and are residing streaming digital markets; the Company’s skill to impress and help licenses for issue material old on legacy song platforms; the loss of, or failure to worship benefits from, agreements with our song labels, publishers and companions; detrimental economic prerequisites within the airline enterprise and economic system as a total; the Company’s skill to develop its home or international operations, alongside with the Company’s skill to develop its enterprise with present and seemingly future song labels, fairs, publishers, or companions; the consequences of carrier interruptions or delays, technology failures, subject cloth defects or errors in our software, hurt to the Company’s instruments or geopolitical restrictions; bills associated with defending pending or future psychological property infringement actions and other litigation or claims; increases within the Company’s projected capital expenditures because of the, among other issues, surprising bills incurred in reference to the roll out of the Company’s enterprise plans and technology roadmap or the Company’s plans of expansion in North The United States and internationally; fluctuation within the Company’s working results; the assign a query to for are residing and song streaming products and companies and market acceptance for our merchandise and products and companies; the Company’s skill to generate sufficient money plod with the fling to create funds on its indebtedness; the Company’s incurrence of further indebtedness in some unspecified time in the future; the Company’s skill to repay the convertible notes at maturity or to repurchase the convertible notes upon a elementary alternate or at explicit repurchase dates; the carry out of the conditional conversion characteristic of the convertible notes; the Company’s compliance with the covenants in its debentures; and other dangers, uncertainties and components, alongside with, nonetheless not limited to, those described within the Company’s 2020 Annual Characterize on Make 10-K for the fiscal twelve months ended March 31, 2020 to be filed with the SEC after the date hereof, 2019 Annual Characterize on Make 10-K for the fiscal twelve months ended March 31, 2019, filed with the SEC on June 24, 2019, Quarterly Characterize on Make 10-Q for the quarter ended December 31, 2019, filed with the SEC on February 7, 2020, and the Company’s other filings with the SEC.  The forward-having a search for statements contained on this press unlock talk handiest as of the date the statements were made. The Company does not undertake any duty to update these forward-having a search for statements, except required by law. The Company intends that every forward-having a search for statements be subject to the accumulate-harbor provisions of the PSLRA.

LiveXLive IR Contact: 

310.529.2500

ir@livexlive.com

Media Contact:

Factory PR

212.941.9934

are residing@factorypr.com

Financial Files

The tables below present monetary results for the three months and monetary years ended March 31, 2020 and 2019.

LiveXLive Media, Inc.

Consolidated Statements of Operations (Unaudited)

In 1000’s, excluding fragment and per fragment amounts)

Three Months Ended

March 31,

Year Ended

March 31,

2020

2019

2020

2019

Earnings:

$

9,879

$

9,179

$

38,659

$

33,701

Operating costs:

Rate of sales

7,682

7,029

32,786

31,171

Gross sales and advertising

1,053

1,349

6,255

4,532

Product pattern

three,085

2,330

10,767

7,966

Common and administrative

4,719

5,210

19,A hundred and twenty

17,422

Amortization of intangible property

1,229

1,788

5,726

6,504

Total working costs

17,768

17,706

seventy 4,654

Sixty seven,595

Loss from operations

(7,889)

(eight,527)

(35,995)

(33,894)

Different income (expense):

Hobby expense, acquire

(1,038)

(1.037)

(three,738)

(three,273)

Different income (expense)

201

(324)

614

(377)

Total other income (expense), acquire

(837)

(1,361)

(three,124)

(three,650)

Loss earlier than income tax (attend) expense

(eight,726)

(9,888)

(39,119)

(37,544)

Earnings tax (attend) expense

(192)

218

(192)

218

Fetch loss

$

(eight,534)

$

(10,106)

$

(38,927)

$

(37,762)

Fetch loss per fragment – current and diluted

$

(Zero.15)

$

(Zero.19)

$

(Zero.Sixty 9)

$

(Zero.73)

Weighted moderate overall shares – current and diluted

58,670,584

fifty two,135,879

56,206,107

fifty one,899,231

LiveXLive Media, Inc.

Consolidated Balance Sheets

(In 1000’s)

(Unaudited)

March 31,

March 31,

2020

2019

Sources

Present Sources

Money and money equivalents

$

5,702

$

13,704

Restricted money

6,735

235

Accounts receivable, acquire

three,889

4,314

Prepaid expense and other property

1,396

1,311

Total Present Sources

17,722

19,564

Property and instruments, acquire

three,397

2,720

Goodwill

9,672

9,672

Intangible property, acquire

23,198

26,943

Different property

127

Total Sources

$

fifty four,116

$

58,899

Liabilities and Stockholders’ (Deficit) Fairness

Present Liabilities

Accounts payable and accrued liabilities

$

30,723

$

20,906

Gathered royalties

13,071

9,921

Present an explanation for payable

331

312

Deferred income

949

950

Senior secured convertible debentures, acquire

2,720

2,111

Total Present Liabilities

Forty seven,794

34,200

Different lengthy-time frame liabilities

45

Senior secured convertible debentures, acquire

6,505

10,284

Unsecured convertible notes, acquire of slash price and present maturities

6,794

4,741

Deferred income taxes

108

211

Total Liabilities

sixty one,246

Forty 9,436

Commitments and Contingencies

Stockholders’ (Deficit) Fairness

Most traditional stock, $Zero.001 par price; 10,000,000 shares authorized; no shares issued or 

     outstanding

Total stock, $Zero.001 par price; 500,000,000 shares authorized; 58,984,382 and fifty two,275,236 

     shares issued and outstanding, respectively

fifty 9

fifty two

Further paid in capital

A hundred and twenty,932

Ninety eight,605

Collected deficit

(128,121)

(89,194)

Total stockholders’ (deficit) equity

(7,100 thirty)

9,463

Total Liabilities and Stockholders’ (Deficit) Fairness

$

fifty four,116

$

58,899

Reconciliation of Non-GAAP Measure to GAAP Measure

(In 1000’s)

(Unaudited)

LiveXLive Media, Inc.

Adjusted Operating Loss* Reconciliation

Contribution

Margin

Operating

Loss

Depreciation

and

Amortization

Stock-Based

Compensation

Non-

Ordinary

Acquisition

and

Realignment

Costs

Different

Non-

Operating

Costs (1)

Adjusted

Operating

Loss*

Three Months Ended

March 31, 2020

Song Operations

$

2,197

$

(4,805)

$

1,863

$

1,714

$

$

141

$

(1,087)

Corporate

(three,084)

1,501

444

(1,139)

Total

$

2,197

$

(7,889)

$

1,863

$

three,215

$

$

585

$

(2,226)

Three Months Ended 

     March 31, 2019

Song Operations

$

2,a hundred and fifty

$

(4,588)

$

2,090

$

1,025

$

$

5

$

(1,469)

Corporate

(three,939)

2

three,046

442

(448)

Total

$

2,a hundred and fifty

$

(eight,527)

$

2,092

$

4,071

$

$

447

$

(1,917)

Contribution

Margin

Operating

 Loss

Depreciation

and

Amortization

Stock-Based

Compensation

Non-

Ordinary

Acquisition

and

Realignment

Costs

Different

Non-

Ordinary

Costs (1)

Adjusted

Operating

Loss*

Year Ended March 31,

2020

Song Operations

$

5,873

$

(22,558)

$

eight,017

$

6,184

$

$

387

$

(7,970)

Corporate

(13,437)

three

5,843

2,913

(4,678)

Total

$

5,873

$

(35,995)

$

eight,020

$

12,027

$

$

three,300

$

(12,648)

Year Ended March 31, 

     2019

Song Operations

$

2,530

$

(19,888)

$

7,381

$

4,290

$

$

176

$

(eight,041)

Corporate

(14,006)

6

eight,482

929

(4,589)

Total

$

2,530

$

(33,894)

$

7,387

$

12,772

$

$

1,one zero five

$

(12,630)

(1)

Different Non-Ordinary Costs largely encompass obvious non-routine costs associated with shapely settlements or reserves for shapely settlements within the

duration that pertain to historical issues that existed at obvious got corporations earlier than their choose date and non-routine employee severance funds.

*

Scrutinize the definition of Adjusted Operating Loss under “About Non-GAAP Financial Measures” within this unlock.

Reconciliation of Non-GAAP Measure to GAAP Measure

(In 1000’s)

(Unaudited)

LiveXLive Media, Inc.

Contribution Margin* Reconciliation

Three Months Ended

March 31,

Year Ended

March 31,

2020

2019

2020

2019

Earnings:

$

9,879

$

9,179

$

38,659

$

33,701

Less Rate of Gross sales:

(7,682)

(7,029)

(32,786)

(31,171)

Contribution Margin*

$

2,197

$

2,a hundred and fifty

$

5,873

$

2,530

* Scrutinize the definition of Contribution Margin under “About Non-GAAP Financial Measures” within this unlock.

Celebrity Beauty: Cision
Cision

Gaze customary issue material to download multimedia:http://www.prnewswire.com/data-releases/livexlive-media-broadcasts-file-results-for-fiscal-2020-301079830.html

SOURCE LiveXLive Media, Inc.

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