The company's revenue contraction of 40.15% and a deeply negative operating margin of -297.14% suggest significant structural challenges in maintaining profitability.
| Metric | Dec'24 | Dec'23 | Dec'22 | Dec'21 |
|---|
| Sales/Revenue | 1.85M | 3.09M | 4.19M | 2.87M |
| Revenue Growth % | -40.15% | -26.24% | 45.8% | - |
| Cost of Goods Sold | 886.73K | 1.39M | 1.61M | 1M |
| COGS % of Revenue | 47.94% | 45.04% | 38.4% | 34.9% |
| Gross Profit | 962.78K | 1.7M | 2.58M | 1.87M |
| Gross Margin % | 52.06% | 54.96% | 61.6% | 65.1% |
| Gross Profit Growth % | -43.31% | -34.2% | 37.97% | - |
| Operating Expenses | 6.46M | 3.66M | 3.44M | 4.7M |
| OpEx % of Revenue | 349.2% | 118.42% | 82.19% | 163.42% |
| Selling, General & Admin | 6.52M | 3.79M | 3.82M | 4.79M |
| SG&A % of Revenue | 352.72% | 122.49% | 91.23% | 166.59% |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | -65.23K | -125.81K | -378.68K | -90.92K |
| Operating Income | -5.5M | -1.96M | -862.61K | -2.83M |
| Operating Margin % | -297.14% | -63.46% | -20.59% | -98.33% |
| Operating Income Growth % | -180.23% | -127.35% | 69.47% | - |
| EBITDA | -5.21M | -1.54M | -654.13K | -2.69M |
| EBITDA Margin % | -281.6% | -49.71% | -15.61% | -93.59% |
| EBITDA Growth % | -239% | -134.87% | 75.68% | - |
| D&A (Non-Cash Add-back) | 287.46K | 424.77K | 208.48K | 136.16K |
| EBIT | -5.5M | -2.08M | 1.64M | -18.03M |
| Net Interest Income | -3.15K | -2.95K | -2.31K | -62.62K |
| Interest Income | 0 | 6.47K | 0 | 268 |
| Interest Expense | 3.15K | 9.41K | 2.31K | 62.89K |
| Other Income/Expense | -12.09K | -133.05K | 2.5M | -15.26M |
| Pretax Income | -5.51M | -2.09M | 1.64M | -18.09M |
| Pretax Margin % | -297.8% | -67.76% | 39.17% | -629.44% |
| Income Tax | 0 | 0 | 5.2K | 277 |
| Effective Tax Rate % | 0% | 0% | 0.32% | -0% |
| Net Income | -5.51M | -2.09M | 1.64M | -18.09M |
| Net Margin % | -297.8% | -67.76% | 39.04% | -629.45% |
| Net Income Growth % | -163% | -228.01% | 109.04% | - |
| Net Income (Continuing) | -5.51M | -2.09M | 1.64M | -18.09M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.49 | -0.19 | 0.15 | -1.62 |
| EPS Growth % | -157.89% | -226.67% | 109.26% | - |
| EPS (Basic) | -0.49 | -0.19 | 0.15 | -1.62 |
| Diluted Shares Outstanding | 11.15M | 11.15M | 11.15M | 11.15M |
| Basic Shares Outstanding | 11.15M | 11.15M | 11.15M | 11.15M |
| Dividend Payout Ratio | - | - | - | - |
Imminent liquidity and insolvency risk
As reported in recent financial disclosures, BeLive experienced a 40.15% year-over-year revenue decline, which suggests that the company's white-label live commerce solutions are losing significant market share to platform-native tools provided by dominant social media ecosystems within the Southeast Asian digital retail landscape.
The sharp revenue drop indicates that the company's value proposition is likely being commoditized by larger, integrated platforms that offer built-in audiences. This trend suggests that the firm's reliance on enterprise-level white-label contracts may be failing to provide the recurring revenue durability required for long-term viability.
Based on the company's reported figures, the gross margin of 52.06% appears insufficient for a software-application firm, indicating that high variable costs associated with video bandwidth and content delivery networks are likely eroding the profitability of each unit of revenue generated by the platform.
The current margin profile suggests that BeLive struggles to achieve the operating leverage typical of high-growth SaaS models. Investors should monitor whether these costs are fixed or variable, as the inability to expand margins while revenue declines points to a fundamental lack of pricing power.
According to the firm's income statement data, the operating margin of -297.14% highlights a severe lack of operating leverage, where the company's fixed cost base, primarily driven by engineering and infrastructure, remains disproportionately high relative to its current, shrinking revenue base.
This extreme negative margin suggests that the company is currently unable to cover its overhead through its core business activities. The data implies that without a drastic reduction in operating expenses or a significant pivot in revenue generation, the current cost structure remains unsustainable.
With cash reserves reported at only $66,184, the company's financial position appears highly precarious, as the current burn rate suggests that BeLive may lack the necessary capital runway to sustain operations without an immediate and substantial infusion of external funding or a strategic exit.
Short-sellers would likely focus on the discrepancy between the company's technological ambitions and its inability to generate positive cash flow. The combination of declining revenue and minimal liquidity warrants further investigation into whether the firm can continue as a going concern in the near term.
Quick answers to the most common questions about buying BLIV stock.
For fiscal year 2024, BeLive Holdings (BLIV) reported total revenue of $1.8M. This represents a 35.6% decline compared to $2.9M in 2021.
BeLive Holdings (BLIV) reported a net loss of $5.5M for the fiscal year ending 2024.
BeLive Holdings (BLIV) reported an operating income of $-5.5M, resulting in an operating profit margin of -297.1%. This margin reflects the operational efficiency of the business before interest and taxes.
BeLive Holdings (BLIV) generated $1.0M in gross profit for the year, representing a gross profit margin of 52.1%. This demonstrates the company's core pricing power and production efficiency.