LiveWorld, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2012; Hires Virginie Glaenzer to Serve as Vice-President of Marketing
August 14, 2012 at 05:30 pm IST
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LiveWorld, Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported total revenues of $3.1 million as compared to $1.9 million for the quarter ended June 30, 2011. This was an increase of approximately $1.2 million or 63% period-over-period. Net income was $410,000, or 13% of total revenues or $0.01 per basic and diluted share against $74,000 or $0.00 per basic and diluted share a year ago. This result was an improvement of $336,000 when compared to the net income of $74,000, or 4% reported for the quarter ended June 30, 2011. Income from operations was $412,000 compared to $89,000 a year ago. Income before tax was $411,000 compared to $89,000 a year ago. Net cash provided by operating activities was $2,297,000 compared to $45,000 a year ago. Purchase of property and equipment was $29,000 compared to $5,000 a year ago.
The company's revenues for the six months ended June 30, 2012 were approximately $5.8 million, as compared to $3.6 million for the six months ended June 30, 2011. This was an increase of approximately $2.2 million or 59% period-over-period. The company's net income for the six months ended June 30, 2012 was approximately $684,000 or $0.02 per basic and diluted share, as compared to a net loss of $165,000 or $0.00 per basic and diluted share for the six months ended June 30, 2011. This was an increase of approximately $849,000 period-over-period. Income from operations was $677,000 compared to loss from operations of $137,000 a year ago. Income before tax was $687,000 compared to loss before tax of $138,000 a year ago. Net cash provided by operating activities was $1,935,000 compared to net cash used in operating activities of $120,000 a year ago. Purchase of property and equipment was $89,000 compared to $7,000 a year ago.
The company also announced that it has hired digital marketing expert Virginie Glaenzer to serve as Vice-president of Marketing. She is a seasoned business expert in new technologies, SaaS platforms and brings a strong and diverse skill set in digital, mobile and social media marketing to Fortune 500 brands.
LiveWorld, Inc. is a digital agency specializing in social media and technology solutions. It provides consulting, strategy, and creative along with human agents for moderation, engagement, customer care, and adverse events management and conversation management software, and chatbots for digital campaigns and social media programs. Its solutions include digital agency services, moderation services, adverse events management and social customer service. Its digital agency services include strategy, research and planning; technology and digital solutions; process consulting; design and production; conversation engagement, and insights and analytics. Its social media moderation services are designed to handle multi-language brands. Its adverse events management services include 24/7 brand protection; real-time AE detection and review; escalation and routing, and escalation and routing. Its clients include various brands in pharmaceuticals, healthcare, and financial-travel services.
LiveWorld, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2012; Hires Virginie Glaenzer to Serve as Vice-President of Marketing