Estados financieros detallados de LiveOne, Inc. (LVO): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
LiveOne, Inc. registró ingresos de $77.1M en el último ejercicio fiscal, con un CAGR de 5 años del 3.4%.
Márgenes de los últimos 12 meses: margen bruto 17.1%, margen operativo -19.6%, margen neto -25.8%.
Al precio actual de $3.49, LVO presenta beneficios negativos (P/E no significativo) y un ROE del 101.84%. La capitalización bursátil es de $38M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $225000 | $7.2M | $33.7M | $38.7M | $65.2M | $117.0M | $99.6M | $118.4M | $114.4M | $77.1M |
| Coste de Ventas | $730000 | $6.7M | $31.2M | $32.8M | $49.0M | $93.0M | $66.8M | $86.4M | $87.2M | $64.9M |
| Beneficio Bruto | -$505000 | $501000 | $2.5M | $5.9M | $16.2M | $24.0M | $32.8M | $32.0M | $27.2M | $12.3M |
| I+D | 0 | $1.6M | $8.0M | $10.8M | $9.7M | $8.1M | $5.1M | $4.7M | $4.5M | $2.4M |
| Generales y Administrativos | $5.0M | $11.4M | $22.0M | $25.4M | $30.3M | $47.8M | $24.2M | $30.1M | $28.5M | $24.7M |
| Gastos Operativos | $5.0M | $15.4M | $36.4M | $41.9M | $45.6M | $61.9M | $35.0M | $36.7M | $45.3M | $27.8M |
| Beneficio Operativo | -$5.5M | -$14.9M | -$33.9M | -$36.0M | -$29.4M | -$37.9M | -$2.2M | -$4.7M | -$18.1M | -$15.5M |
| EBITDA | -$13.7M | -$12.6M | -$26.9M | -$27.4M | -$28.1M | -$30.0M | $5.4M | -$3.7M | -$12.5M | -$15.7M |
| Gastos por Intereses | $512152 | $3.9M | $3.3M | $3.7M | $5.3M | $4.1M | $7.3M | $4.4M | $2.7M | $3.9M |
| Beneficio Antes de Impuestos | -$14.2M | -$19.0M | -$37.5M | -$39.1M | -$42.2M | -$43.7M | -$10.0M | -$13.2M | -$20.6M | -$21.2M |
| Impuestos | $8.4M | $6000 | $218000 | -$192000 | -$345000 | $183000 | $65000 | $118000 | -$185000 | $30000 |
| Beneficio Neto | -$14.2M | -$23.3M | -$37.8M | -$38.9M | -$41.8M | -$43.9M | -$10.0M | -$12.0M | -$18.7M | -$21.0M |
| BPA | $-4.40 | $-5.90 | $-7.20 | $-6.90 | $-6.06 | $-5.55 | $-1.23 | $-1.68 | $-2.14 | $-2.02 |
| BPA Diluido | $-4.40 | $-5.90 | $-7.20 | $-6.90 | $-6.06 | $-5.55 | $-1.23 | $-1.68 | $-2.14 | $-2.02 |
| Acciones en Circulación (Diluidas) | $3.3M | $4.0M | $5.2M | $5.6M | $6.9M | $7.9M | $8.5M | $8.8M | $9.5M | $11.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $18.8M | $20.3M | $18.9M | $19.4M |
| Beneficio Bruto | $2.5M | $3.6M | $3.2M | $3.9M |
| Beneficio Operativo | -$4.6M | -$2.0M | -$4.9M | -$3.7M |
| EBITDA | -$3.1M | -$2.8M | -$5.6M | -$2.5M |
| Beneficio Neto | -$5.5M | -$4.1M | -$7.8M | -$2.6M |
| BPA | $-0.52 | $-0.35 | $-0.67 | $-0.23 |
| BPA Diluido | $-0.52 | $-0.35 | $-0.67 | $-0.23 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $1.5M | $10.3M | $13.7M | $5.7M | $18.6M | $12.9M | $8.4M | $7.0M | $4.1M | $5.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | 0 | $3.0M | $4.3M | $3.9M | $10.6M | $13.7M | $13.7M | $13.2M | $8.3M | $8.4M |
| Inventario | 0 | $3.7M | $235000 | $6.7M | $2.6M | $2.6M | $2.6M | $1.8M | $1.6M | $685000 |
| Activos Corrientes | $1.5M | $18.7M | $19.6M | $17.7M | $35.3M | $31.3M | $27.8M | $24.3M | $15.2M | $16.8M |
| Inmovilizado Material | $57407 | $393000 | $2.7M | $3.4M | $4.4M | $4.7M | $3.3M | $3.7M | $893000 | $3.3M |
| Fondo de Comercio | 0 | $5.4M | $9.7M | $9.7M | $22.6M | $23.4M | $23.4M | $23.4M | $21.7M | $21.7M |
| Activos Intangibles | $3.2M | $43.5M | $26.9M | $23.2M | $22.5M | $16.7M | $11.0M | $12.4M | $2.6M | $1.9M |
| Activos Totales | $1.6M | $68.0M | $58.9M | $54.1M | $85.8M | $76.8M | $65.9M | $63.9M | $40.5M | $46.9M |
| Cuentas por Pagar | $542000 | $11.0M | $18.3M | $26.7M | $18.5M | $29.6M | $11.0M | $15.2M | $15.3M | $27.8M |
| Deuda a Corto | $3.9M | $4.8M | $2.4M | $3.1M | $4.7M | $12000 | $4.7M | $7.7M | $3.6M | $2.9M |
| Pasivos Corrientes | $4.7M | $25.7M | $34.2M | $47.8M | $51.0M | $60.1M | $44.5M | $46.8M | $36.4M | $35.9M |
| Deuda a Largo | $232000 | $3.9M | $15.0M | $13.3M | $19.4M | $26.6M | $7.1M | $771000 | $150000 | $11.8M |
| Pasivos Totales | $5.0M | $29.6M | $49.2M | $61.2M | $77.6M | $87.7M | $62.1M | $57.3M | $48.9M | $59.3M |
| Reservas | -$28.1M | -$51.4M | -$88.8M | -$128.1M | -$169.9M | -$213.9M | -$224.3M | -$239.0M | -$265.1M | -$287.3M |
| Patrimonio Neto | -$3.4M | $38.4M | $9.5M | -$7.1M | $8.1M | -$10.9M | $3.8M | -$3.8M | -$17.8M | -$20.6M |
| Deuda Total | $4.2M | $8.7M | $17.4M | $16.5M | $25.2M | $27.4M | $12.3M | $8.6M | $3.8M | $15.0M |
| Deuda Neta | $2.7M | -$1.6M | $3.7M | $10.8M | $6.6M | $14.5M | $3.9M | $1.6M | -$297000 | $9.6M |
| Capital Circulante | -$3.2M | -$7.0M | -$14.6M | -$30.1M | -$15.7M | -$28.8M | -$16.7M | -$22.5M | -$21.1M | -$19.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $11.7M | $8.6M | $5.4M | $8.6M |
| Activos Totales | $53.8M | $52.3M | $46.9M | $48.7M |
| Pasivos Totales | $61.8M | $62.8M | $59.3M | $53.8M |
| Patrimonio Neto | -$16.3M | -$19.0M | -$20.6M | -$13.7M |
| Deuda Total | $15.7M | $15.5M | $15.0M | $14.3M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$14.2M | -$20.6M | -$37.8M | -$38.9M | -$41.8M | -$43.9M | -$10.0M | -$12.0M | -$20.4M | -$21.3M |
| Amortizaciones | $24115 | $2.5M | $7.4M | $8.0M | $8.8M | $9.6M | $8.0M | $5.1M | $5.3M | $1.6M |
| Compensación en Acciones | $2.3M | $3.2M | $9.2M | $12.0M | $11.3M | $12.7M | $3.0M | $6.3M | $6.2M | $11.2M |
| Cambio en Capital Circulante | $311663 | -$2.3M | $10.2M | $13.7M | $4.8M | $9.3M | -$2.5M | $2.0M | $4.4M | -$4.2M |
| Flujo de Caja Operativo | -$3.1M | -$9.3M | -$5.8M | -$4.9M | -$9.5M | -$9.1M | -$3.8M | $6.8M | $6.4M | -$10.5M |
| Inversiones (CapEx) | -$18953 | -$49000 | -$2.5M | -$2.6M | -$3.2M | -$3.8M | -$2.5M | -$4.0M | -$3.1M | -$3.2M |
| Adquisiciones | 0 | -$2.4M | 0 | $138000 | $2.4M | -$150000 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$2.2M | -$2.6M | -$999000 | -$599000 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$509000 | -$1.2M |
| Flujo de Caja Libre | -$3.1M | -$9.3M | -$8.3M | -$7.5M | -$12.7M | -$13.0M | -$6.3M | $2.8M | $3.2M | -$13.7M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$3.2M | -$2.3M | -$2.0M | -$2.1M |
| Inversiones (CapEx) | -$5.8M | $4.3M | -$681000 | -$848000 |
| Flujo de Caja Libre | -$9.0M | $2.1M | -$2.7M | -$2.9M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $2.2M | $2.7M | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +3097.8% | +368.4% | +14.7% | +68.7% | +79.4% | -14.9% | +18.9% | -3.4% | -32.6% |
| Crecimiento Beneficio Neto (anual) | | -63.8% | -61.8% | -3.1% | -7.4% | -5.0% | +77.2% | -19.4% | -56.4% | -12.1% |
| Crecimiento BPA (anual) | | -34.1% | -22.0% | +4.2% | +12.2% | +8.4% | +77.8% | -36.6% | -27.4% | +5.6% |
| Cambio en Acciones (anual) | | +21.7% | +31.1% | +8.3% | +22.8% | +14.5% | +7.2% | +3.4% | +8.5% | +15.6% |
| Crecimiento FCF (anual) | | -196.3% | +10.8% | +10.0% | -70.3% | -1.8% | +51.4% | +144.5% | +15.8% | -522.8% |
| Margen Bruto | -224.4% | 7.0% | 7.5% | 15.2% | 24.9% | 20.5% | 33.0% | 27.1% | 23.8% | 15.9% |
| Margen Operativo | -2437.7% | -206.8% | -100.6% | -93.1% | -45.0% | -32.3% | -2.2% | -3.9% | -15.8% | -20.1% |
| Margen EBITDA | -6095.1% | -174.5% | -79.8% | -70.8% | -43.1% | -25.6% | 5.4% | -3.1% | -10.9% | -20.4% |
| Margen Neto | -6333.2% | -324.3% | -112.1% | -100.7% | -64.1% | -37.5% | -10.1% | -10.1% | -16.4% | -27.2% |
| Margen FCF | -1396.5% | -129.4% | -24.6% | -19.3% | -19.5% | -11.1% | -6.3% | 2.4% | 2.8% | -17.8% |
| Tasa Impositiva Efectiva | -58.9% | -0.0% | -0.6% | 0.5% | 0.8% | -0.4% | -0.7% | -0.9% | 0.9% | -0.1% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $-0.97 | $-2.35 | $-1.60 | $-1.33 | $-1.84 | $-1.64 | $-0.74 | $0.32 | $0.34 | $-1.25 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.11 |
| Acciones en Circulación (Básicas) | $3.3M | $4.0M | $5.2M | $5.6M | $6.9M | $7.9M | $8.5M | $8.8M | $9.5M | $11.0M |
Qué mirar en empresas de Communication Services
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | 101.84% |
| Rentabilidad sobre capital invertido | -110.96% |
| Rentabilidad sobre activos | -44.73% |
| Margen bruto | 17.06% |
| Margen operativo | -19.57% |
| Margen neto | -25.83% |
Salud financiera
| Deuda / Patrimonio | -1.05 |
| Ratio corriente | 0.64 |
| Piotroski F-Score | 2 |
| Altman Z-Score | -7.95 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -68.18 | -6.44 | -7.60 | -2.29 | -7.16 | -1.47 | -9.27 | -11.01 | -3.27 | -2.52 |
| P/VC | -286.57 | 3.92 | 30.00 | -12.46 | 36.83 | -5.91 | 25.34 | -42.86 | -3.74 | -2.72 |
| P/V | 4337.61 | 20.91 | 8.42 | 2.30 | 4.59 | 0.55 | 0.97 | 1.37 | 0.58 | 0.73 |
| Margen Bruto | -224.4% | 7.0% | 7.5% | 15.2% | 24.9% | 20.5% | 33.0% | 27.1% | 23.8% | 15.9% |
| Margen Operativo | -2437.7% | -206.8% | -100.6% | -93.1% | -45.0% | -32.3% | -2.2% | -3.9% | -15.8% | -20.1% |
| Margen Neto | -6333.2% | -324.3% | -112.1% | -100.7% | -64.1% | -37.5% | -10.1% | -10.1% | -16.4% | -27.2% |