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LOS ANGELES - LiveOne (NASDAQ:LVO), a music, entertainment, and technology platform with a market capitalization of $87.43 million and annual revenue of $114.41 million, announced Thursday a strategic partnership with Synervoz Communications to develop new voice AI audio products and experiences.
The collaboration aims to support LiveOne’s business-to-business initiatives by integrating Synervoz’s Switchboard platform, which provides audio and voice AI tools for developers.
"From voice search to social listening and shared podcast experiences, we’re making audio more interactive and connected," said Rob Ellin, CEO and Chairman of LiveOne, in a press release statement. The announcement has contributed to LiveOne’s strong performance, with the stock gaining nearly 13% over the past week.
Jim Rand, CEO and Co-Founder of Synervoz, described voice AI as "the interface of the future" and expressed enthusiasm about creating new ways to find and interact with music, podcasts, and live content.
The partnership will focus on developing voice technology for native devices and operating systems while addressing LiveOne’s growing pipeline of B2B opportunities.
Toronto-based Synervoz, backed by Lowercase Capital, Slack, and Techstars, specializes in audio software solutions for gaming, media and entertainment, and consumer electronics sectors. Its Switchboard platform combines C++ audio engine performance with JSON-based audio graphs for developers. According to InvestingPro, LiveOne maintains a healthy balance sheet with more cash than debt, though analysts note the company faces near-term profitability challenges. Get access to 8 more exclusive ProTips and comprehensive financial analysis with InvestingPro.
LiveOne, headquartered in Los Angeles, operates several subsidiaries including Slacker, PodcastOne (NASDAQ:PODC), PPVOne, and others. The company’s services are available across multiple platforms including iOS, Android, Roku, and Apple TV.
In other recent news, LiveOne has announced the appointment of Steve McClurg as Chief Advisor. McClurg, known for his experience in crypto and blockchain, is expected to help guide LiveOne’s strategic growth in digital asset innovation and podcast monetization. In another development, LiveOne is exploring strategic options following the sale of Napster for $207 million, with the company reporting expected revenues exceeding $112 million for fiscal year 2025. The company is considering various alternatives to enhance shareholder value, as it believes its market valuation does not accurately reflect its worth. Additionally, LiveOne has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, with a deadline of September 24, 2025, to regain compliance. If the company fails to meet this requirement, it risks being delisted from The Nasdaq Capital Market. LiveOne has stated it will monitor its share price and evaluate options to address the situation. These developments highlight the company’s ongoing efforts to optimize its financial and strategic positioning.
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