Liveworld, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Year 2018
November 14, 2018 at 09:30 pm
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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.
LiveWorld, Inc. is a digital agency specializing in social media and technology solutions. It provides consulting, strategy, and creative along with human agents for moderation, engagement, customer care, and adverse events management and conversation management software, and chatbots for digital campaigns and social media programs. Its solutions include digital agency services, moderation services, adverse events management and social customer service. Its digital agency services include strategy, research and planning; technology and digital solutions; process consulting; design and production; conversation engagement, and insights and analytics. Its social media moderation services are designed to handle multi-language brands. Its adverse events management services include 24/7 brand protection; real-time AE detection and review; escalation and routing, and escalation and routing. Its clients include various brands in pharmaceuticals, healthcare, and financial-travel services.