Live Ventures Sales Rose 30.2% in Q1, Largely Due to Acquisitions

Las Vegas, NV, May 14, 2024-Live Ventures-owner of Marquis Industries and Flooring Liquidators-reported net revenue of $118.6 million for Q1 2024, a 30.2% increase compared to $91.1 million in the prior year period.

The increase is primarily attributable to the acquisitions of PMW, which was acquired during Q4 2023, and Flooring Liquidators, which was acquired during Q2 2023, which collectively added approximately $29.6 million, as well as an increase of approximately $3.8 million in revenue in the flooring manufacturing segment. The increase was partially offset by decreased revenue of approximately $5.9 million in the company’s other businesses due to general economic conditions.

Net loss for the company was $3.3 million for Q1 2024, compared to a net loss of $1.6 million in Q1 2023.