Live Ventures Sales Down 5% in Q1, Income Up YOY

Las Vegas, NV, February 10, 2025-Live Ventures-a diversified holding company that owns Marquis Industries Flooring and Liquidators-announced Q1 2025 revenue of $111.5 million, a 5% decline compared to $117.6 million in the prior year period.

Net income was $0.5 million, compared to the prior year period net loss of $0.7 million. Net income for Q1 2025 includes a $2.8 million gain on the settlement of the earnout liability related to the Precision Metal Works, Inc. acquisition. 

Retail, Flooring: The Retail-Flooring segment revenue for the quarter ended December 31, 2024, was approximately $31.7 million, a decrease of approximately $2.6 million, or 7.5%, compared to the prior year period revenue of approximately $34.3 million. The decrease was primarily due to reduced demand. Gross margin for the quarter ended December 31, 2024 was 37.2%, compared to 38.0% for the prior year period. The decrease in gross margin was primarily driven by a change in product mix. Operating loss for the quarter ended December 31, 2024 was approximately $2.2 million, compared to operating income of approximately $0.1 million for the prior year period. The increase in operating loss was primarily due to additional wages and other general and administrative costs during the quarter ended December 31, 2024.

Flooring Manufacturing: Revenue for the quarter ended December 31, 2024 was approximately $26.0 million, a decrease of approximately $3.2 million, or 11.1%, compared to prior year period revenue of approximately $29.2 million. The decrease in revenue was primarily due to reduced consumer demand. Gross margin was 21.2% for the quarter ended December 31, 2024, compared to 22.0% for the prior year period. The decrease in gross margin was primarily due to changes in product mix. Operating loss for the quarter ended December 31, 2024 was approximately $0.1 million, compared to operating income of approximately $0.9 million for the prior year period.