"Having a solid balance sheet is crucial to any business, and we believe we are in a strong financial position to support our growth initiatives,” Ellin remarked. LiveOne also reported a current cash position of $10 million, which provides the company with ample resources to support its growth and investment initiatives. We expect the special dividend and trading of PodcastOne to begin in April," said Robert Ellin, CEO and Chairman of LiveOne. “We are excited about the planned spin-out of PodcastOne as it will be the only pure play publicly traded podcast company. We are extending the record date to Apas we continue to work closely with regulators and the exchange to ensure a seamless transaction.
LOS ANGELES, CA, Ma(GLOBE NEWSWIRE) - via NewMediaWire - LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today a business update on the planned PodcastOne spin-out, balance sheet, paid subscriber growth, and share buyback.
Record Paid Membership Growth Addin g 136,000 Since January 1, 2023, a 40% Year-Over-Year IncreaseĬurrent Cash Position of $10 Million and $27 Million in Short Term AssetsĬommenced Previously Announced $2 Million Stock BuybackĮxtends Record Date to April 7, 2023 for its Planned Special Dividend of a Portion of PodcastOne’s Equity
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