Vertically integrated platform company, LiveToBeHappy Inc (OTCMKTS:CAVR), focuses on developing and building lifestyle brands. The firm acquires undervalued assets as well as manages a diversified portfolio of education, technology, and real estate companies with the mission to build lives.
Trading Data
On Tuesday, CAVR stock moved down 1.50% to $0.0131 with 1.48 million shares, compared to its average volume of 1.13 million shares. The stock moved within a range of $0.0125 – 0.0142 after opening trade at $0.0133.
LiveToBeHappy Reports Record Second Quarter 2022 Results; 2022 YTD Revenues Increase 35% YoY to $5.4 Million
LiveToBeHappy Inc on August 23, 2022, announced financial results for quarter two ending June 30, 2022. The company’s revenues surged 35% year-over-year to $5.4 million in the first six months of 2022 while it achieved a positive net income of $274 thousand in quarter two of the year.
Kevin Cox, Chief Executive Officer of LTBH said that the major increase in positive net income and year-to-date revenue reflects the significant transformation achieved by the company in the last year. Cox added that the firm is executing well against the primary strategy of identifying and buying undervalued assets.
He further added it is then building them into robust lifestyle brands, enabling them to generate value for various consumer-centric sectors. The CEO also said that the company remains agile in its approach to selecting acquisition candidates for aligning growth opportunities and is developing a holistic portfolio. LTBH believes it is well positioned for building sustainable long-term value for communities and shareholders.
Grant Edwards, Chief Financial Officer of LTBH said that the company has worked extensively on building strength in the business. Edwards added that its revenue mix is highly resilient to external economic factors.
Key Quote
“The significant increase in year-to-date revenue and positive net income in the second quarter is a reflection of the significant transformation that LTBH has undergone over the last year,” said Kevin Cox, Chief Executive Officer of LTBH. “We executed well against our core strategy of identifying and purchasing undervalued assets and building them into strong lifestyle brands, which allows us to generate value for various consumer-centric sectors. Importantly, we remain agile in our approach to selecting acquisition candidates to align our growth opportunities with the macroeconomic environment and evolving consumer trends. As we continue to develop our holistic portfolio throughout the remainder of the year, we are well positioned to build sustainable long-term value for our shareholders and communities.”
Technical Data
CAVR stock is trading below the 20-Day and 50-Day Moving averages of $0.0142 and $0.0153 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0207. The company has a total market capitalization of $6.89 million. The stock is down 28% over the past month.
