LiveWorld (LVWD)

[stanley01]

LVWD Q2 earnings- a loss, but backlog up

Revenues of $3.25 million and net loss of 122k-- a bottom line improvement from the prior quarter revenue of 3.3 million and net loss of 307k. Looks like the 2 year audit expense is flushed out. The positive I see here is backlog is up at $7 million, which puts next couple quarters at 3.5 million+, which bring us back to profitability. Maybe a couple of the new services they released are starting to be used by current clients.

It's been disappointing, but the current stock price is valuing the company @ nothing. I think we may have found a floor here with the stock price basically trading @ book value.

You still holding onto your shares? I am.