LiveXLive Media (LIVX)
There are some industries that will suffer as long as there is no vaccine. Live concerts and events will be canceled until the public feels safe enough to return. This is where LiveXLive Media enters the picture. A company that used to simply digitize concerts for your screen, but has since shifted its focus to live streaming and pay-per-view quarantine concerts. So far, their results have been impressive. The company had a record fiscal year in 2021, with revenue increasing by 15% and subscribers increasing by 25%.
LiveXLive is fully in growth mode and shows no signs of slowing down, with a 336 percent year-over-year increase in the number of events streamed this year and a 179 percent increase in hours streamed. However, when concert venues begin to fill up again, the company will most likely have to rethink its business model. Until then, LiveXLive is one of the few companies taking advantage of a global pandemic.
Stock Price is US$4.25
Founded: 2004
Market Cap: $0.24 B
Website: livexlive.com