Liveone completed the repurchase of approximately 1.2 million shares of its common stock totaling $1 million

Increases anticipated annual cost and expense reductions to more than $21.5 million settles over $2 million in payables in the current quarter currently has cash and cash equivalents totaling approximately $14 million maintains guidance to achieve positive adjusted ebitda* in current q1 fiscal 2023 and revenue guidance for fy 2023 of between $125 - $140 million los angeles , june 21, 2022 /prnewswire/ -- liveone (nasdaq: lvo), a creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events, announced today that it expects that by the close of trading today, it will have completed the repurchase of approximately 1,200,000 shares of its common stock for approximately $1,000,000 under the current portion of its stock repurchase program. repurchases of up to 2,000,000 of liveone's shares of common stock have been previously authorized by its board of directors.
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