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LiveOne Aims Additional Cost And Expense Reductions; To Cut Addl. 25% Staff By Year-End

RTTNews | 615 hari yang lalu

LiveOne Aims Additional Cost And Expense Reductions; To Cut Addl. 25% Staff By Year-End

(RTTNews) - Technology platform LiveOne, Inc. (LVO) announced Thursday that as part of its focus on profitability and generating cash from operations on a consolidated basis, LiveOne is implementing additional cost and expense reductions of $7.5 million to $10 million from both operations and corporate overhead. The company plans to cut an additional 25% of Staff by Year-End with a continued focus on utilizing Artificial Intelligence.

These actions are anticipated to increase the previously implemented annual cost savings to a total of over $40 million.

The company said it has already successfully reduced costs and overhead by an expected $30 million on an annual basis over the past two years, while focusing on the operating performance of our Audio Division.

Teg: LVO

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China Stock Market May Hand Back Wednesday's Gains

China Stock Market May Hand Back Wednesday's Gains

The China stock market bounced higher again on Wednesday, one day after ending the two-day winning streak in which it had gained more than 60 points or 1.7 percent. The Shanghai Composite Index now sits just beneath the 3,770-point plateau although it may open under pressure again on Thursday.

RTTNews | 9 minit yang lalu

Japan Manufacturing PMI Improves Top 49.9 - Jibun

Japan Manufacturing PMI Improves Top 49.9 - Jibun

The manufacturing sector in Japan continued to contract in August, although at a slower rate, the latest survey from Jibun Bank revealed on Thursday with a manufacturing PMI score of 49.9.

RTTNews | 35 minit yang lalu

Soft Start Predicted For Taiwan Stock Market

Soft Start Predicted For Taiwan Stock Market

The Taiwan stock market has moved lower in two straight sessions, plunging more than 850 points or 3.8 percent along the way. The Taiwan Stock Exchange now sits just above the 23,625-point plateau and it's expected to at least open in the red again on Thursday.

RTTNews | 39 minit yang lalu

Win Streak May End For Singapore Stock Market

Win Streak May End For Singapore Stock Market

The Singapore stock market has moved higher in back-to-back sessions, collecting more than 30 points or 0.7 percent along the way. The Straits Times Index now sits just beneath the 4,220-point plateau although it figures to run out of steam on Thursday.

RTTNews | 1j 9min yang lalu

Malaysia Bourse May Extend Wednesday's Losses

Malaysia Bourse May Extend Wednesday's Losses

The Malaysia stock market on Wednesday snapped the two-day winning streak in which it had picked up almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,590-point plateau and the losses may accelerate on Thursday.

RTTNews | 1j 39min yang lalu

Continued Consolidation Called For Nikkei

Continued Consolidation Called For Nikkei

The Japan stock market has moved lower in two straight sessions, dropping more than 825 points or 1.9 percent along the way. The Nikkei 225 now sits just beneath the 42,890-point plateau and it may take further damage again on Thursday.

RTTNews | 1j 54min yang lalu

New Zealand Has NZ$578 Million Trade Deficit

New Zealand Has NZ$578 Million Trade Deficit

New Zealand posted a merchandise trade deficit of NZ$578 million in July, Statistics New Zealand said on Thursday.

RTTNews | 2j 4min yang lalu

Australia Manufacturing PMI Improves To 52.9 - S&P Global

Australia Manufacturing PMI Improves To 52.9 - S&P Global

The manufacturing sector in Australia continued to expand in August, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 52.9.

RTTNews | 2j 4min yang lalu

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