Live Ventures Incorporated (NASDAQ:LIVE) Q1 2023 Earnings Conference Call February 9, 2023 5:00 PM ET
Company Participants
Greg Powell - Director of Investor Relations
David Verret - Chief Financial Officer
Jon Isaac - Chief Executive Officer & President
Conference Call Participants
Theodore O'Neill - Litchfield Hills Research
Joseph Kowalsky - Upstream Investment Partners
Operator
Good day, everyone, and welcome to the First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. Later you will have an opportunity to ask questions during the question-and-answer session. [Operator Instructions] Please note, this call maybe recorded.
It is now my pleasure to turn today's program over to Greg Powell, Director of Investor Relations. Please, go ahead.
Greg Powell
Thank you, Gretchen. Good afternoon, everyone, and welcome to the Live Ventures fiscal 2023 first quarter conference call. Joining us this afternoon for the call are Jon Isaac, our Chief Executive Officer and President; David Verret, our Chief Financial Officer; and Eric Althofer, our Chief Operating Officer.
Some of the statements we are making today are forward-looking and are based on our best view of our businesses as we see them today. The actual results could differ material due to the number of factors, including those outlined in our latest forms, 10-K and 10-Q, as filed with the Securities and Exchange Commission. We have no obligation to publicly update any forward-looking statements after this call, whether as a result of new information, future events, changes in assumptions or otherwise. You can find our press release and 10-Q referenced on this call in the Investor Relations section of the Live Ventures Web site. I will direct you to our Web site www.liveventures.com or www.sec.gov for our historical SEC filings.
I will now turn the call over to David to walk through our financial performance.
David Verret
Thank you, Greg, and good afternoon, everyone. Overall, the company delivered $69 million of revenue, $1.8 million in net income and $7.5 million of adjusted EBITDA, in spite of a challenging economic environment.
As evidenced by our acquisition of flooring liquidators, we continue to execute our multi-level buy-build-hold strategic plan to maximize stockholder value. In addition, we repurchased 24,710 shares of our common stock during the quarter.
Before we jump into the numbers, let's briefly discuss the Flooring Liquidators acquisition that we announced in January. We are very excited about the Flooring Liquidators acquisition.
Flooring Liquidators is a leading retailer and installer of floors, carpets and countertops to consumers, builders and contractors in California and Nevada. Over the years they have established a strong reputation for innovation, efficiency and service in the home renovation and improvement market.