LVO's Partnership With Tesla Hits 450K Users, Focus on More B2B Deals

LiveOne, Inc. LVO recently announced a significant achievement, surpassing 450,000 Tesla, Inc. TSLA users as part of its growing partnership with the electric vehicle giant. Among these users, over 100,000 are free ad-supported users, who on average, spend more than 50 minutes of in-vehicle listening daily.LiveOne expressed excitement about the initial success of the upgraded Tesla partnership. In October 2024, LVO announced an updated partnership with Tesla. As part of this agreement, Tesla permanently replaced its streaming button with LiveOne's service, marking a significant shift in the user experience for Tesla owners.LiveOne, Inc. Price and Consensus LiveOne, Inc. price-consensus-chart | LiveOne, Inc. QuoteTesla’s partnership underscores LiveOne’s singular focus on its B2B initiatives. LiveOne added that it expects to announce multiple upcoming B2B partnerships going ahead. For B2B partnerships, LVO is looking out for “$1 billion to trillion-dollar companies.”LiveOne’s Strategic Focus on B2B Partnerships Bodes WellLVO is strategically focusing on expanding its B2B deals, having established significant new agreements and identifying potential partnerships in the pipeline. One of LVO's notable achievements is securing a $24 million contract with a leading streaming network, projected to generate approximately $2 million monthly revenues. This contract not only boosts LVO's immediate revenues but also enhances its reputation in the industry, attracting further business opportunities.Also, the company announced that TextNow has surpassed 100 million users, marking a significant milestone. In addition, the company announced partnerships with eBay, Facebook and TikTok. LiveOne is negotiating with dozens of Fortune 500 and Fortune 250 companies, including eight prominent automotive manufacturers. These efforts underline LiveOne's strategic focus on expanding its B2B initiatives and solidifying its market presence. Moreover, with an expanded B2B team that has grown from 10 to 11 employees, LVO is well equipped to pursue and manage these new partnerships effectively.The company reported second-quarter fiscal 2025 revenues of $32.6 million, marking a 14% increase year over year. This growth was driven by the Audio Division's success, a robust pipeline and strong partnerships.LVO’s Zacks Rank & Stock Price PerformanceLiveOne currently carries a Zacks Rank #3 (Hold). Shares of the company have surged 101.4% in the past three months compared with the industry's growth of 10.6%.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the broader technology space are Intrusion Inc. INTZ and RADCOM Ltd. RDCM. INTZ and RDXM each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.INTZ’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 43.06%. In the last reported quarter, Intrusion delivered an earnings surprise of 16.67%. Its shares have jumped 426% in the past six months.The Zacks Consensus Estimate for RADCOM’s 2024 EPS is pegged at 80 cents, unchanged in the past 30 days. RDCM’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 25.36%. Its shares have surged 47.4% in the past year.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis Report Radcom Ltd. (RDCM): Free Stock Analysis Report Intrusion Inc. (INTZ): Free Stock Analysis Report LiveOne, Inc. (LVO): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks