Live Ventures Q3 Loss Widens as PMW Defaults on Credit Facility
LIVE sits 18% above its 52-week low of $8.5.
Summary
Live Ventures posted a Q3 net loss and disclosed that its PMW subsidiary is in default on a Fifth Third credit facility, with forbearance extended only through August 19, 2026.
Key Events · Earnings and Guidance · LIVE
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Q3 Net Loss
Net loss of $1.06 million for the quarter ended June 30, 2026, compared to net income of $5.39 million in the prior-year period. Revenue declined 3.2% to $108.9 million.
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PMW Credit Facility Default
PMW's Fifth Third Bank forbearance expired without renewal as of June 30, 2026, leaving PMW in default with $10.5 million of debt classified as current. Fifth Third has the right to accelerate and foreclose on PMW's assets.
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Forbearance Extension
On July 19, 2026, PMW and Fifth Third entered into a Sixth Amendment extending forbearance through August 19, 2026, subject to PMW meeting certain deliverables. Ability to meet these or refinance remains uncertain.
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Goodwill Impairment
The company recorded a $4.0 million goodwill impairment charge related to PMW during the nine months ended June 30, 2026, due to sustained operating losses and performance below projections.
Analysis · LIVE · Trade & Services
Live Ventures reported a fiscal Q3 net loss of $1.06 million, but the more pressing issue is its PMW subsidiary's default on a Fifth Third Bank credit facility. PMW's forbearance expired without renewal, leaving $10.5 million of debt classified as current and the lender able to accelerate or foreclose. A subsequent forbearance extension through August 19, 2026, provides only temporary relief, and the company's ability to meet deliverables or refinance remains uncertain. While the company states the impact would not be material on a consolidated basis, the default adds to existing liquidity pressures and covenant concerns.
At the time of this filing, LIVE was trading at $10.02 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $30.8M. The 52-week trading range was $8.50 to $25.42. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.