Early in 2018, Henrik Alex wrote an article on Live Ventures (LIVE) that revealed turmoil and debt covenant compliance issues within the company. As a follow-up, I decided to analyze LIVE's Q3 2018 10-Q results to see if management has made improvements.
This article will be organized into three segments of analysis:
- Balance Sheet
- Income Statement
- Cash Flow Statements
Before diving into the financials, I want to revisit the internal controls issues Henrik mentioned in his article; his article stated that management acknowledged internal controls mishaps in LIVE's 2017 10-K. Out of curiosity,