LVO — what changed in the latest 10-Q
A section-by-section comparison of LVO's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-02-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −48 | ~41 | 26 |
| Controls & procedures | Text added/removed | +12 | 0 | ~2 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | 0 | −119 | ~10 | 26 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
For the three months ended June 30, 2026 and 2025, we reported revenue of $19.4 million and $19.2 million, respectively. We have one customer that accounted for 36% and 36% of our revenue during the three months ended June 30, 2026 and 2025, respectively.
Total other expense increased by $0.4 million, or 245%, to income of $0.6 million for the three months ended June 30, 2026, as compared to $0.2 million of expense for the three months ended June 30, 2025. The increase is primarily driven by an increase of $0.4 million in interest expense as a result…
Net loss attributable to non-controlling interests for the three months ended June 30, 2026 was $0.5 million compared to $0.3 million for the three months ended June 30, 2025, which resulted from the spin out of PodcastOne from our Company with PodcastOne becoming a standalone publicly trading compa…
Three Months Ended June 30, 2026, as compared to Three Months Ended June 30, 2025
Adjusted EBITDA* increased by $4.9 million, or 2,568%, to $4.7 million for the three months ended June 30, 2026, as compared to $(0.2) million for the three months ended June 30, 2025. This was largely due to higher stock compensation cost.
Text removed vs the prior filing · source: 10-Q · 2026-02-13
For the nine months ended December 31, 2025 and 2024, we reported revenue of $58.2 million and $95.1 million, respectively. We have two customers that accounted for 43% and 71% of our revenue during the nine months ended December 31, 2025 and 2024 The customer is an original equipment manufacturer (…
For the nine months ended December 31, 2025 and 2024, all material amounts of our revenue were derived from customers located in the United States and moreover, our largest OEM customer accounted for 7% and 46% of our consolidated revenue, respectively. This significant concentration of revenue from…
Impairment of intangible assets decreased $3.8 million to none for the three months ended December 31, 2025, as compared to $3.8 million for the three months ended December 31, 2024, which is attributed to the impairment of intangible assets of Slacker (see Note 5 – Goodwill and Intangible Assets to…
Total other expense increased by $1.6 million, or 319%, to an expense of $2.1 million for the three months ended December 31, 2025, as compared to $0.5 million of expense for the three months ended December 31, 2024. The increase is primarily driven by an increase of $0.5 million in interest expense…
Net loss attributable to non-controlling interests for the three months ended December 31, 2025 was $39,000 compared to $0.4 million for the three months ended December 31, 2024, which resulted from the spin out of PodcastOne from our Company with PodcastOne becoming a standalone publicly trading co…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-14
Material Weaknesses in Internal Control over Financial Reporting
A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.
During the preparation of our Annual Report on Form 10-K for the fiscal years ended March 31, 2026, management identified the following material weaknesses in internal control over financial reporting:
● Management identified a material weakness in internal control over financial reporting relating to not maintaining appropriately designed entity-level controls impacting the control environment, risk assessment procedures and monitoring activities to prevent or detect material misstatements to the…
Related to the findings above, management concluded that during the year ended March 31, 2026, the Company did not maintain appropriately designed entity-level controls impacting the control environment or monitoring controls to prevent or detect material misstatements to the consolidated financial …
Risk factors
Text removed vs the prior filing · source: 10-Q · 2026-02-13
We rely on our relationship with our largest OEM customer for a substantial percentage of our potential subscribers who are now eligible to convert to become direct customers of LiveOne. Our inability to convert a significant number of these subscribers could cause a significant reduction of our bus…
Our business is dependent, and we believe that it will continue to depend on our customer relationship with Tesla, our largest OEM customer. Commencing in October 2024, we began working with Tesla to convert Tesla’s connectivity package users to become direct subscribers (users) of our Premium or Pl…
We believe that with the full cooperation from Tesla, we can convert a substantial number of such users to become direct subscribers of LiveOne. However, there is no assurance that we would be able to convert a substantial number of such users to become direct subscribers of LiveOne and/or replace T…
Over the term of the Debentures and at maturity, the outstanding principal amount of the Debentures and the Capchase Loan (as defined below), will become due and payable by us in installments. As of December 31, 2025, $0.1 million of the principal amount of the Capchase Loan is due and matures in fi…
Our failure to meet the continued listing requirements of Nasdaq could result in a delisting of our common stock and penny stock trading.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice