While revenue has grown and gross margin has become marginally positive, this has not had any impact on operating loss which is still around $10 million per quarter like it was last year. Review the income statement and operating cash flow for Q2 2020: While trying to spin that off as a positive, what this really shows is that it already burned away much of the money it just raised in July with no end in sight.
Interestingly, the company also highlighted its $9.6 million capital raise and the fact that it increased its cash balance from $14.1 million to $16.1 million over the year.
An increasing number of livestreamed events held and total views. 775,000 paid subscribers at the end of September, a 40% year-over-year growth rate. Contribution (gross) margin increase from -$200,000 in the prior year to $1.1 million. Record revenue of $9.6 million, a 20% increase from Q2 2019. In LIVX's fiscal Q2 2020 press release, the company highlighted the following: Data by YCharts User growth doesn't mask the high need for cash Topline growth won't help if LIVX cannot finance at a decent price to support it. But in the meantime, I believe that temporary news-related spikes should be used as selling opportunities for investors. It remains to be seen if such a partnership will lead to positive cash flows for LIVX any time soon. While the stock price has dropped since my last article, it has actually been buoyed by some good sounding news such as the company's partnership deal with Samsung. Two quarterly results later and the situation has not improved amid growing liabilities and a burn rate that rivals the most recent capital raise. ( LIVX), I warned investors that holding the stock bears a lot of risk as the company demonstrated a great need to raise funds at low prices. In my previous article on LiveXLive Media, Inc.
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