LiveOne appoints Steve McClurg as Chief Advisor

LOS ANGELES - LiveOne (NASDAQ:LVO), a music, entertainment, and technology platform with a market capitalization of $85 million, has announced the appointment of Steve McClurg as Chief Advisor. According to InvestingPro data, the company has shown strong momentum with a 13.64% return over the past week, despite facing profitability challenges. McClurg, with a notable background in crypto and blockchain, is expected to guide the company’s strategic growth, particularly in digital asset innovation and the monetization of podcast assets.

McClurg’s experience in traditional finance and digital assets, including his role in selling Valkyrie to CoinShares and his advisory work on blockchain initiatives, positions him as a valuable asset to LiveOne’s leadership team. His focus will be on integrating institutional markets and developing strategies for digital asset treasury. This appointment comes as the company maintains revenue growth of 11.43% over the last twelve months, though InvestingPro analysis indicates short-term liquidity challenges with a current ratio of 0.56.

Robert Ellin, Chairman and CEO of LiveOne, expressed enthusiasm for McClurg’s appointment, citing his unmatched track record in finance and crypto. McClurg himself is looking forward to contributing to the growth potential of LiveOne and its subsidiary, PodcastOne.

LiveOne, headquartered in Los Angeles, CA, offers premium content and experiences worldwide through various platforms including Slacker Radio, PodcastOne, and LiveXLive. The company’s reach extends to iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, and Android TV, among other platforms. For deeper insights into LiveOne’s financial health and growth prospects, investors can access comprehensive analysis and 8 additional ProTips through InvestingPro’s detailed research reports.

The company’s forward-looking statements highlight its growth strategy, content development, and user engagement plans. However, these statements also acknowledge the risks and uncertainties inherent in such strategies, including dependence on key customers and the ability to execute proposed transactions.

This announcement is based on a press release statement from LiveOne, Inc. and does not constitute an endorsement of the company’s claims. LiveOne’s stock can be tracked on the NASDAQ under the ticker LVO.

In other recent news, LiveOne has reported expected revenues exceeding $112 million for the fiscal year 2025, with its audio division projecting over $108 million in revenues and more than $16 million in adjusted EBITDA. The company has also surpassed 1.4 million subscribers and ad-supported users, a milestone attributed to its partnership with Tesla. LiveOne’s strategic options are under review following the sale of Napster for $207 million, as the company seeks to enhance shareholder value. Additionally, LiveOne has received a delisting notice from Nasdaq due to non-compliance with the minimum bid price requirement, giving the company until September 24, 2025, to regain compliance. If unsuccessful, LiveOne may consider measures such as a reverse share split to address this issue. The company continues to expand its user base through its services integrated into Tesla’s in-car entertainment system. LiveOne also highlights its ongoing stock repurchase program as part of its strategic initiatives. The company remains committed to delivering premium content and experiences globally, while monitoring its share price and evaluating options to regain compliance with Nasdaq’s requirements.

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