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LOS ANGELES, Dec. 20, 2024 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today that the company received a formal written notice from The Nasdaq Stock Market LLC (“Nasdaq”) that LiveOne has regained compliance with Nasdaq's minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and that this matter is now closed. LiveOne's shares of common stock will continue to trade on Nasdaq under the symbol "LVO". This confirmation follows the Company’s continued efforts to improve its balance sheet by enhancing shareholder value. About LiveOne Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO ) is an award-winning, creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne's subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC ), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available in Tesla vehicles and on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR’s OTT applications. For more information, visit liveone.com and follow us on Facebook , Instagram , TikTok , YouTube and Twitter at @liveone . For more investor information, please visit ir.liveone.com . Forward-Looking Statements All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; LiveOne’s ability to extend and/or refinance its indebtedness and/or repay its indebtedness when due; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne’s ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, filed with the November 14, 2024, and in LiveOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. LiveOne IR Contact: Liviakis Financial Communications, Inc. (415) 389-4670 john@liviakis.com LiveOne Press Contact: LiveOne press@liveone.com Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and Twitter at @liveone .
Appalachian State hires South Carolina offensive coordinator Dowell Loggains as head coachNyakach residents urged to unite against rising insecurity
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Telecommunications company Verizon Communications ( VZ -0.42% ) is the largest wireless carrier in the United States, with over 37% of the market. The company is also an outstanding dividend stock with a 6.2% dividend yield today and an ongoing streak of 18 consecutive annual dividend raises. So, if you're looking for passive income to cover your living expenses or to reinvest and supercharge your portfolio's compounding, Verizon is a great candidate for you right now. But what about moving forward? The telecom industry is notoriously competitive among the few companies that dominate the U.S. market, and there's a constant need to spend to maintain and upgrade the vast infrastructure that makes wireless communications work. Here is what investors can expect from the stock over the next five years. Subscriber momentum is trending upward Consumers make Verizon's business go: Consumer wireless and wireline (Fios fiber optic services and landline phone connections) account for about 75% of the company's total revenue. Subscriber growth is critical because the industry is ruthlessly price competitive; acquiring customers is the best route to growth. Verizon's subscriber activity is lumpy. For example, Q4 is generally a big quarter due to the purchases consumers tend to make during the holidays (and the new iPhone usually launches in the fall). As you can see, subscriber losses have trended lower since Q1, turning positive this past quarter: Verizon acquired TracFone, a leading prepaid phone carrier with 20 million users at the time, in late 2021. However, Verizon has bled prepaid customers since closing the acquisition. It's encouraging to see Verizon slowly stem those losses and return to prepaid customer growth in Q3. However, Verizon's growth outlook is still limited Verizon has growth opportunities in fiber optics (Fios) and edge computing . As more devices connect to networks, they must transmit more data faster. This spans across the economy, from factory equipment to autonomous vehicles. Verizon is gradually expanding its Fios services, including fiber optic internet, allowing far higher bandwidth. The company has agreed to acquire Frontier Communications , the country's largest pure-play fiber provider, for $20 billion to expand its fiber optics footprint. Post-acquisition close, Verizon will have approximately 25 million fiber customers, with a 2028 goal of 30 million and a long-term goal of between 35 million and 40 million. Despite this opportunity, Verizon's mature consumer business (75% of total revenue) will likely continue to limit the company's broader growth prospects. Analysts recently raised their long-term earnings growth estimates but still anticipate just 2.4% annualized growth over the long term. What will the next five years look like? Verizon's lacking growth will ultimately make the stock a poor fit for investors who want to maximize their total investment returns. The good news is that Verizon's dividend remains on solid footing. Verizon's dividend payout ratio is 59% of 2024 earnings estimates, so there's room for the company to continue increasing its dividend over the coming years. Verizon's dividend has only grown by an average of 2% annually over the past five years, and I'd expect that pace to continue, given Verizon's similar growth prospects. Meanwhile, the stock trades at 9 to 10 times 2024 earnings estimates , which seems cheap compared to the broader market -- the S&P 500 trades at 23 times earnings. Again, Verizon's slow growth is the culprit. The reality is that Verizon's probably fully valued at its current price, perhaps even a touch expensive at a PEG ratio of 3.1 today. In that case, investors can expect mid- to high-single-digit annualized investment returns over the next five years. You'll get about 6% from the dividend plus another 2% in earnings growth, though any fluctuations in valuation could impact those returns. That makes Verizon attractive for retirees and other conservative, income-focused investors, but it is probably a pass for others.
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BOONE, N.C. (AP) — South Carolina offensive coordinator Dowell Loggains has been hired as head coach at Appalachian State and will receive a five-year contract, athletic director Doug Gillin announced Saturday. The 44-year-old Loggains replaces Shawn Clark, who was fired Monday after the Mountaineers finished 5-6 for their first losing season since 2013. Loggains was South Carolina's offensive coordinator for two seasons and an assistant at Arkansas, his alma mater, for two seasons before that. He spent 16 years in the NFL as offensive coordinator and quarterbacks coach for Tennessee, Cleveland, Chicago, Miami and the New York Jets. “He brings experience as a leader and play-caller at the highest levels of professional and college football," Gillin said. "He is a great recruiter and believes strongly in building relationships. He is aligned with our core values of academic integrity, competitive excellence, social responsibility and world-class experience. This is a great day for App State.” Loggains' offense at South Carolina featured LaNorris Sellers, one of the nation's top dual-threat quarterbacks, and running back Raheim “Rocket” Sanders. Sellers and Sanders led the Southeastern Conference's third-ranked rushing offense. Loggains spent the 2021 and 2022 seasons as Arkansas' tight ends coach, and he worked with Sam Darnold, Jay Cutler, Mitchell Trubisky, Brian Hoyer and Vince Young during his time in the NFL. The Mountaineers, the preseason favorites in the Sun Belt Conference's East Division, tied for fifth with a 3-5 record in league play. App State was 40-24 under Clark, but the Mountaineers have failed to reach a bowl game two of the past three seasons. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
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