LiveWire Ergogenics Inc (OTCMKTS:LVVV) Stock In Focus After Quarterly Earnings

LiveWire Ergogenics Inc (OTCMKTS:LVVV) is a company that is involved in the acquisition, licensing, management, and leasing of special-purpose real estate assets which are conducive to the production of high-quality organically grown cannabis specialty products.

LiveWire Ergogenics Reports First Quarter 2023 Financial Results Generates Fifth Consecutive Profitable Quarter

This past Friday the company had come into the news cycle after it announced its financial results for the first fiscal quarter that ended on March 31, 2023. It was the fifth straight quarter in which LiveWire Ergogenics recorded a profit after having been profitable for the 2022 fiscal year. The net profit recorded by the company in the quarter came in at $179,300 which reflected a staggering year-on-year rise of 1436% from the prior year period net profit of $11,688.

The total sales however declined to $378,519 from $408,519 in the first quarter of 2022. The total value of the assets under the company’s control stood at $6,580,360 for the quarter. That again reflected a significant rise from the $308,457 from the valuation of the assets in the prior year quarter. Additionally, the company noted that its assets surpassed its liabilities by as much as $2,248,206. Whether the stock experiences any action today remains to be seen.