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Replies to #287 on LiveWorld (LVWD)

jenga1

11/14/13 8:31 AM

#288 RE: steeledge #287

Q3 Results are as expected, breakeven... They are investing in a sales force heavily. They have $3.5MM in backlog for Q4 compared to $3.3MM sales in Q3 and $3.7MM in Q2...

They do a poor job explaining what is going on with revenues. With the eBay contract going away, it is hard to tell if their core business of twitter/facebook moderation is increasing or decreasing... This is should be clear to the reader of the financial statements.

One item of concern is that they may have only had $200k of new orders in Q3. See below:

6/30 Backlog- $6.6MM

Q3 Revenue- ($3.3MM)

Q3 Sales- $200k

9/30 Backlog $3.5M