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Stock impact report

LiveWorld Reports 2023 Annual Financial Results

LIVEWORLD INC (LVWD) 
NASDAQ:AMEX Investor Relations: liveworld.com/about-us/investor-relations
Company Research Source: Business Wire
CAMPBELL, Calif. & NEW YORK--(BUSINESS WIRE)--LiveWorld, Inc. (OTC Markets: LVWD), today announced financial results for the year 2023.Twelve Months 2023 Financial and Business HighlightsTotal twelve months revenues of $11.5 millionHealthcare revenues of $10.2 million in 2023Net income from operations of $214,000, or 2% of revenuesCash increased by $835,000 to $4.6 million from December 31, 2022Management Commentary“2023 was the fourth consecutive year of increased revenues while maintaining a positive net income,” remarked David Houston, Chief Financial Officer, LiveWorld. “Overall, the year was positive and has us headed in the right direction as we move into 2024.”The Company stated that beginning in 2023 and continuing in 2024 it is making investments to add additional revenue streams by expanding its solution sets, entering new market segments, and increasing its market presence. It is anticipated the current business operations will grow and be profitable net of the investme Show less Read more
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