LiveWorld, Inc. (OTC Markets: LVWD) fourth quarter 2016 total revenues were approximately USD 2.8m, as compared to the approximately USD 2.6m in total revenues reported for the same period in 2015, the company said.
The company´s revenues for the 12 months ended December 31, 2016 were approximately USD 9.7m, as compared to the USD 9.9m for the 12 months ended December 31, 2015.
The company reported a net loss for the quarter of approximately USD 154,000, or 6% of total revenues. This compares to net income of approximately USD 239,000, or 9% of total revenues reported for the fourth quarter of 2015. The company had a net loss for the 12 months ended December 31, 2016 of approximately USD 1.3m, or 14% of total revenues, as compared to the net loss of approximately USD 1.4m, or 14% of total revenues for the 12 months ended December 31, 2015.
The company finished the fourth quarter with approximately USD 2.6m in cash and cash equivalents, as compared to the approximately USD 3.5m at the end of 2015.
LiveWorld provides conversation management software, consulting, and online agent workforce services. It is headquartered in San Jose, California, with an additional office in New York City.