Liveone announces commencement of its 2 million shares stock repurchase program, starting with up to 500k shares

Cash on-hand increased from $12.7 million at december 31, 2021 to $13.6 million at april 22, 2022 liveone maintains guidance to achieve positive adjusted ebitda* in q1 fy 2023 ending june 30, 2022; maintains revenue guidance for fy 2023 of between $125 - $140 million and adjusted ebitda* between $4 million - $8 million a record 2.26 million total members with over 1.5 million** total paid members & 758,000 total free members as of april 25, 2022 los angeles , april 25, 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 intends to commence its previously announced stock repurchase program beginning in the current first quarter of fiscal year 2023. as of april 22, 2022, liveone had cash on hand of $13.6 million and over 2.26 million paid and free members.
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