Revenues came in at $19.1 million versus $17.7 million consensus. The Company reported an earnings-per-share (EPS) losses of (-$0.12) missing analyst estimates for a loss of (-$0.10) by (-$0.02). On Feb.11, 2021, LiveXLive released its fiscal third-quarter 2021 results for the quarter ending December 2020. This small-cap company is a purely speculative play suitable for nimble traders and seasoned speculators that can keep stop-losses and tolerate high-volatility and periods of thin liquidity. This could be an up-and-coming viable network utilizing social media in an underground manner. The Company is also trying to gain from the non-fungible token (NFT) momentum by opening an NFT division that will mint performances, video and audio content, and digital playing cards. LiveXLive claims to have transcended the 1 million paying subscriber mark and always carries the potential for an acquisition if their portfolio is compelling enough.
It also operates Slacker Radio and various podcasts. TikTokers” pay-per-view boxing event, catering to social media fans and millennials. The independent network offers music-related live and streaming audio and video content along with niche events like its “Social Gloves: Battle of the Platforms: YouTubers vs. Digital media company LiveXLive Media (NASDAQ: LIVX) stock has been a bit of a rollercoaster experiencing extreme spikes and drops as a speculative play on streaming music and video content.
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