Highlights for the three months ending
- Assets:
$24,444,245 - Revenue:
$515,120 - EBITDA:
$114,149
Progress during the third quarter saw fresh investments in new and current titles so that they move through the development cycle, and we saw steady progression across all areas of our business. We have continued to divest from Real estate and allocate those funds to
Investors should note that the Balance sheet remains without significant debts, and liabilities with zero items over contracted terms. This has been part of a strategy whereby we consider the business to be more attractive to large investors and investment banks that want to participate in our future growth plans.
BOXO revenues box office revenue start with Savage Salvation (previously named Wash me in the River) that should air in the cinemas within the coming months. BOXO assets and the value of the content library are steadily increasing as the titles grow in value. As they mature their asset value increases and revenue will increase as they move through the development progress before being aired.
In Quarter 3 we continued to grow the content library with these titles:
- Further investment into Carnival of Killers
- Acquired the rights to a script to start work on a new movie project, the title of which we will announce soon.
- The script for the title ‘Running Wild’ increased in value as it moves closer to the filming stage
Looking forward, we have concluded negotiations to acquire early-stage rights to new movie projects which we will announce soon. These contracts are still at the legal review stage. They will be announced when these contracts have been concluded which we anticipate being in November.
Elisee
This tool which provides a semi-automated portfolio management system to assist fund managers to outperform the market with reduced risk. The tool has performed above our expectations in conditions which have been extremely challenging when we analyzed the results in Q3 Elisee is performing 50% above a standard DJIA index fund or ETF. Fiber Wealth Management is an example of a fund that does share real-time information with the Livento team and publicly endorses the tool. Revenue from software leasing and administration fees have been included in the total revenue.
Real Estate and Advisory
We continued with the sale of Real estate assets. The value of the assets sold was
Comments from the CEO,
In September we became a fully reporting company according to the 60-day rule, so we are reporting according to those rules with the submission of 10Q. The
Livento also plans to make important announcements regarding its roadmap and important milestones during the period and we are confident of an even stronger performance in the fourth quarter and 2023. Livento Groups’ CEO,
About
Safe Harbor Statement:
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements as predictions, projections, or references future events and expectations, possibilities or similar. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. Although the Company believes the expectations reflected in our forward-looking statements are based on reasonable assumptions, the Company is unable to give any assurance that its expectations will be attained due to several variable factors. Factors or events that could cause actual results to differ may emerge, and it is impossible for the Company to predict all of them. Some of these risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, in customer order patterns, changes in consumer trends, and various other factors beyond the Company's control. Although the Company intends to provide public updates, it undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Contact:
ir@liventogroup.com
Source: LIVENTO GROUP
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