Continued Integration of Business Units Drives Total Annualized Cost Savings in Excess of $5.6 Million Paid subscribers as of Augwas 1,196,000**
Monthly average revenue per user was $3.38** in Q1 Fiscal 2022.
Paid subscribers as of Jincreased 32% to over 1,162,000**, a net increase of approximately 285,000, as compared to 877,000 subscribers at June 30, 2020. Cash and Cash Equivalents as of Augwas Approximately $18.6 Million. As Compared to Q1 Fiscal 2021, Shareholders' Equity increased by $17.8 Million, Working Capital Increased by $31.2 Million, and Cash Increased by $7.6 Million to $24.7 Million at June 30, 2021. Revenue Streams Diversified in Q1 Fiscal 2022 comprised of 23% Subscription and 77% Sponsorship, Licensing, Advertising, Merchandising, Pay-Per-View Tickets and Events, compared to 84% Subscription and 16% Sponsorship, Licensing, Advertising, Pay-Per-View Tickets and Events in Q1 Fiscal 2021 GAAP Loss from Operations in Q1 Fiscal 2022 was ($10.0) Million while Adjusted Operating Loss* from Operations was ($1.8) Million LiveXLive Increases Guidance for Fiscal 2022 Revenue to $115 - $125 Million and Maintains Guidance for Adjusted Operating Income* of $6 - $12 Million (Not Including Corporate Overhead) For the First Quarter ended J("Q1 Fiscal 2022"), Revenue Increased 269% year-over-year to a record $38.8 Million compared to $10.5 Million in the prior year while Contribution Margin* Increased 175% to a Record $7.8 Million versus $2.8 Million in the prior year The company was founded on Decemby Robert Scott Ellin and is headquartered in Beverly Hills, CA.LiveXLive Media Announces 13th Consecutive Quarter Of Record Revenue It also offers an application that provides access to live events, audio streams, original episodic content, podcasts, video on demand, real-time livestreams, and social sharing of content.
The company produces, edits, curates, and streams live music events through broadband transmission over the Internet and satellite networks to its users, provides digital Internet radio and music services to users online and through original equipment manufacturers on a white label basis, and offers ancillary products and services, such as regulatory and post-implementation support services. It operates LiveXLive, a live music streaming platform, and Slacker Radio, a streaming music service, as well as produces original music-related content. is a digital media company, which engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting, and music-related streaming and video content.
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