Live Deal, Inc (LIVE)

[money4nuthin]

LAS VEGAS, NV / ACCESSWIRE / January 26, 2016 / Live Ventures Incorporated (LIVE) a diversified growth holding company, today announced that its fourth quarter of its 2015 fiscal year was its first profitable quarter in the last 27 quarters (approximately 3.5 years since current management took over), which is attributed in part to the Company's record sales of $18.1M for the quarter. The Company realized approximately $2.0M in Adjusted EBITDA earnings (unaudited) or approximately $0.12 per share during the quarter, compared to a reported loss in the same period during fiscal year 2014. Further, revenues for the quarter were a record $18.1M, representing an increase of approximately 450% over the same period last year. Management expects further, continuing improved financial performance in the coming quarters. Live Ventures is now on track, and with the recent completion of the remaining 20% stake in Marquis Industries Inc., management expects to see continued top-line and bottom-line increases in the coming quarters.