LiveWorld Announces Q3 2004 Results; 110% Revenue Growth Year Over Year, $1.48 Million Revenue, 6th Straight Profitable Quarter
Full service online community agency continues to build financial momentum as leading provider of Loyalty Marketing, Customer Support and Business Intelligence Communities
Los Gatos, Calif., November 16, 2004 – LiveWorld, Inc. (Pinksheets: LVWD.PK) today announced another strong financial quarter with the release of its Q3 2004 financials.
Revenues for Q3 2004 were $1,477,422 representing 110% year over year growth compared to Q3 2003 revenues of $702,825 and 21.4% growth compared to Q2 2004 revenue of $1,217,323.
The Company announced its 6th consecutive profitable quarter. Q3 2004 earnings showed a profit before income taxes of $20,757, or an EPS before income taxes of $0.0008 per share. This compares to a Q3 2003 profit of $38,037 or $0.0015 per share, and a Q2 2004 profit before income taxes of $23,984, or an EPS before income taxes of $0.0009 per share. (Q3 2004 EPS is calculated based on 26,584,707 shares, which includes an increase in # of shares compared to the calculation for Q3 2003, due to exercised stock options.)
The Company’s strategy is to invest in revenue growth while managing the financials tightly with the expectation of approximately breakeven results. Actual results may vary quarter to quarter. Consistent with past year patterns of the seasonal “up summer” nature of the business of some clients, revenue for Q4 2004 is expected to be in approximately the same range as revenue for Q3 2004. The Company currently expects revenue growth in 2005. The Company’s cash position at Q3 2004 quarter end was $973,000, providing room to wait out the fluctuations in the economy, while investing more in the growth of the business.
About LiveWorld
LiveWorld is leading the social marketing industry in creating innovative online communities, which help its clients build loyalty, brand awareness, customer engagement, customer care and business intelligence venues. The company provides Fortune 1000 clients overall social network marketing strategy, brand consulting , community management, design, development and hosting of private-label social network sites, and moderation services for these online communities as well as for any user content site. Applications and moderation services include rich profiles, friends lists, forums, blogs, photo albums, user video, customer support forums, groups and interactive webcasts.
With 20 years of experience, an extensive applications hosting platform, and a track record of delivering over 1 million hours of moderation services, LiveWorld offers its clients a team of experienced community managers and moderators who oversee activity and user content online. LiveWorld deploys its services in more than 60 country-language combinations, and is the trusted partner of leading brands worldwide, including: A&E, The Campbell Soup Company, The Coca Cola Company, eBay, HBO, HSBC, Kraft Foods, LeapFrog, Neutrogena, MINI Cooper USA, , TJX, QVC and many others.
LiveWorld is headquartered in San Jose, California with additional offices in New York City and London. For further information visit www.liveworld.com
LiveWorld Contacts
PR Contact: Falguni Bhuta: Krause Taylor Associates falguni@krause-taylor.com (408) 918-9087
IR Contact: David Houston: LiveWorld, Inc. ir@liveworld.com 408 615-8496