Live Company narrows losses after revenues surge
By Iain Gilbert
Date: Friday 14 Jun 2019
(Sharecast News) - Live Company narrowed losses as revenues skyrocketed in its last trading year on the back of the group's increased focus on expanding its BRICKLIVE brand.
In its last trading year, Live turned in revenues of £5.35m, a 178% year-on-year increase, while overall losses were slimmed to £2.61m from the £5.44m recorded a year earlier.
Net assets also soared 273% to £10.62m.
Live also told investors that it had made "a very good start" to its current trading year, with a strong pipeline of 46 shows and events locked in and secured contracts worth around £4m for 2019, £1.3m for 2020 and £700,000 for 2021.
Looking forward, the AIM-listed group vowed not to "stand still" over the coming year and said it was focusing on several key growth areas - including the expansion of its BRICKLIVE brand in Europe and America.
As of 0920 BST, Live shares had slid 5.38% to 63.87p.
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