LiveOne interim CFO Craig Christensen to depart Friday

LiveOne, Inc. (NASDAQ:LVO) has announced that its Interim CFO, Craig Christensen, will be leaving the company effective Friday. Christensen, who also serves as Interim Treasurer, Interim Secretary, and acting principal accounting officer, made the decision to pursue another professional opportunity, according to a statement filed with the Securities and Exchange Commission.

The company disclosed that Christensen's departure is not due to any dispute with LiveOne. In response to his resignation, LiveOne has initiated a search for a new candidate to fill the vacant roles. The Beverly Hills, California-based company operates in the retail-eating places sector and is listed on the NASDAQ Capital Market under the ticker LVO.

LiveOne recently reported its first-quarter financial results for fiscal year 2027, revealing record adjusted EBITDA but falling short of revenue expectations. Revenue for the quarter ending June 30, 2026, was $19.4 million, below the $21.67 million anticipated by analysts. Despite the revenue shortfall, LiveOne achieved a record adjusted EBITDA of $6.3 million, demonstrating improved operational efficiency.

These financial results were discussed in a conference call with CEO Rob Ellin and Christensen himself. The company's management highlighted strong balance-sheet metrics during the call. However, the revenue disappointment sent the company's stock lower in premarket trading. Analysts and investors will be closely monitoring LiveOne's future performance following these recent developments.