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.