Live Ventures Revenue Up 33.1% YOY on Net Loss of $26.7M

Las Vegas, NV, December 13, 2024-Live Ventures Incorporated announced 2024 fiscal year revenue increased 33.1% to $472.8 million, compared to $355.2 million in the prior year.

Net loss for 2024 was $26.7 million, compared to the prior year net loss of $0.1 million. The net loss for fiscal year 2024 includes an $18.1 million goodwill impairment charge in the retail-flooring segment. 

Retail flooring segment revenue was $137 million, an 80.6% increase compared to revenue of $75.9 million in the prior year. Net loss for the retail flooring segment was $25.5 million, compared to a net loss of $0.3 million in the prior year.

Flooring manufacturing revenue was $125 million, a 13.8% increase compared to sales of $109.8 million in the prior year. The flooring manufacturing segment had net income of $8.2 million, a 36% increase over the prior year’s $6.1 million.

“Revenue increased 33.1% for fiscal year 2024 as compared to the prior year, primarily driven by the strategic acquisitions of Flooring Liquidators, Inc. and Precision Metal Works, Inc. in fiscal year 2023, as well as CSF Holdings, LLC, which was acquired in fiscal year 2024 and an increase in revenue in our flooring manufacturing segment,” commented David Verret, Chief Financial Officer of Live Ventures.

Live Ventures portfolio includes Marquis Industries, a carpet manufacturer, and retailer Flooring Liquidators.