NEW YORK, NY--(Marketwired - December 29, 2016) - Live Ventures, Inc. (NASDAQ: LIVE) released its financials for fiscal year-end (YE) 2016, and the company announced record revenues of almost $79-million, which represents an increase of 136% over 2015 YE numbers.
While this explosive revenue growth represents the company's most successful year yet, the numbers are actually better than those being reported. Since the company's acquisition of Vintage Stock, Inc., America's largest entertainment superstore chain, closed several weeks after the company's fiscal year-end, none of the results from Vintage Stock are included in the announced revenue numbers. Because of this, investors should look forward to even further growth reflected in Live Ventures' upcoming 10Q report and future financial results.
LIVE reported a net profit of approximately $17.8-million, which represents an earnings per share (EPS) of $8.92. Additionally, executives point to 2017 as a year they expect even greater revenue growth. Live Ventures' CEO said that he anticipates revenues "to increase by well over 50%, easily surpassing $120-million and stockholders' equity to grow at a high double-digit rate."
In its latest analysis of Live Ventures, OTC Journal provides a price forecast as it breaks down the company's revenue numbers, and details LIVE's near-term growth possibilities as we move into 2017. The link below provides current coverage and a price forecast for LIVE:
OTC Journal offers investors a good resource to follow LIVE's developments through the firm's electronic newsletter, which has been published continuously since 1998 and has been covering Live Ventures since March of 2015.
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