LiveWorld, Inc. reported earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported loss from operations of $189,000 against $420,000 reported a year ago. Loss before tax was $189,000 and net loss was $188,000 or $0.01 per basic and diluted share on total revenue of $1,562,000 against loss before tax of $420,000 and net loss of $418,000 or $0.01 per basic and diluted share on total revenue of $2,324,000 reported for the same period a year ago. The reduction in revenue was a result of Walmart ending its relation with the company in the second quarter of 2018. Walmart represented 45% of revenues for the third quarter of 2017 and 0% for the third quarter of 2018. For the third quarter the Company had revenues of approximately $1.6 million which was a reduction of approximately $762,000 as compared to the $2.3 million for the same period in 2017. The decline in Walmart related Revenue was approximately $1 million period over period, and this was offset by increases in revenues from other clients of approximately $225,000 for the third quarter of 2018.

For the nine months period, the company reported loss from operations of $668,000 against $1,235,000 reported a year ago. Loss before tax was $668,000 and net loss was $678,000 or $0.02 per basic and diluted share on total revenue of $5,700,000 against loss before tax of $1,235,000 and net loss of $1,226,000 or $0.04 per basic and diluted share on total revenue of $7,268,000 reported for the same period a year ago.

The company anticipate seeing the net loss continue to improve for the rest of 2018.