LiveXLive approved for NASDAQ listing after Slacker acquisition
Posted on: 23 février 2018, by : Stuart Dredge

Digital music firm LiveXLive, which focuses on live-music videos as well as its recently-acquired streaming service Slacker Radio, has been approved to list on the public NASDAQ market.
Boss Rob Ellin described it as “an exciting and major milestone in our evolution that we believe will expose the company to a wider audience of potential institutional investors and increase liquidity, ultimately contributing to our ability to increase shareholder value”.
The news came just after the Los Angeles-based company published its latest financial results. In the final quarter of 2017, it reported zero revenues, and a net loss of $6.7m. LiveXLive didn’t report figures for the calendar year 2017, but instead published data for the last nine months of the year: revenues of $80.3k and a net loss of $13.8m for that period.
The post LiveXLive approved for NASDAQ listing after Slacker acquisition appeared first on Music Ally.
Source: Music ally

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