This Quarterly Report on Form 10-Q includes statements that constitute "forward-looking statements." These forward-looking statements are often characterized by the terms "may," "believes," "projects," "intends," "plans," "expects," or "anticipates," and do not reflect historical facts.

Live Ventures Incorporated is a holding company of diversified businesses, which, together with our subsidiaries, we refer to as the "Company", "Live Ventures", "we", "us" or "our". We acquire and operate companies in various industries that have historically demonstrated a strong history of earnings power. We currently have four segments to our business: Retail, Flooring Manufacturing, Steel Manufacturing, and Corporate and Other.

Our Retail Segment is composed of Vintage Stock, Inc. ("Vintage Stock") and ApplianceSmart, Inc. ("ApplianceSmart").

Our Flooring Manufacturing segment is comprised of Marquis Industries, Inc. ("Marquis").

Our Steel Manufacturing segment is comprised of Precision Industries, Inc. ("Precision Marshall").

Results of Operations Three Months Ended June 30, 2022 and 2021

(a) See reconciliation of net income to Adjusted EBITDA below.

The following table sets forth revenues by segment (in $000's):

The following table sets forth gross profit earned by segment and gross profit as a percentage of total revenue for each segment (in $000's):

For the Three Months Ended June 30,

Results of Operations Nine Months Ended March 31, 2022 and 2021

The following table sets forth certain statement of income items and as a percentage of revenue, for the nine months ended June 30, 2022 and 2021 (in $000's):

(a) See reconciliation of net income to Adjusted EBITDA below.

The following table sets forth revenues by segment (in $000's):

The following table sets forth gross profit earned by segment and gross profit as a percentage of total revenue for each segment (in $000's):

Results of Operations by Segment

and Other Total Retail Manufacturing Manufacturing and Other Total Revenue

The following tables present a reconciliation of Adjusted EBITDA from net income for the three and nine months ended June 30, 2022 (in 000's):

Adjusted EBITDA decreased by approximately $930,000, or 9.5%, for the three months ended June 30, 2022, as compared to the prior year period. The decrease is primarily due to decreases in revenue and gross profit, as discussed above.

Cash Flows from Operating Activities

Cash Flows from Investing Activities

Cash Flows from Financing Activities

Future Sources of Cash; New Products and Services

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