LiveWorld Inc. reported $2.5 million in total revenues and net income of $7,000 for the third quarter of 2009 as compared to $2.7 million in total revenues and net loss of $602,000 for the third quarter of 2008. The company saw lower revenues as a result of fewer new client acquisitions, which was partially offset by new projects from existing clients. The $609,000 increase in the net income was attributable to efficiencies the company has been able to obtain in the delivery of services to clients. On a non-GAAP basis, the company reported net income of $189,000 for third quarter of 2009, which was an improvement of $541,000 from the $352,000 net loss for the third quarter of 2008. Income from operations was $3,000 against loss from operations of $622,000 a year ago. Loss before tax was $5,000 against $618,000 a year ago. Net cash provided by operating activities was $100,000 against net cash used in operating activities of $294,000 a year ago. Adjusted EBITDA was $189,000 against adjusted LBITDA of $352,000 a year ago. For the nine months, the company reported total revenues of $7.4 million against $8.8 million a year ago. Loss from operations was $121,000 against $1.2 million a year ago. Loss before tax was $149,000 against $1.2 million a year ago. Net loss was $149,000 against $1.24 million a year ago. Net cash provided by operating activities was $405,000 against net cash used in operating activities of $586,000 a year ago. Purchase of property and equipment was $39,000 against $253,000 a year ago. Adjusted EBITDA was $479,000 against adjusted LBITDA of $514,000 a year ago.

LiveWorld Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported $2.3 million in total revenues and a net loss of $177,000 for the second quarter of 2009 compared to $3.1 million in total revenues and a net loss of $138,000 for the second quarter of 2008. The lower revenues are primarily attributed to spending reductions by existing clients due to current economic conditions. These reductions were partially offset by work from new clients as well as program expansion by select clients. Adjusted EBITDA was $49,000 or 2% of total revenues for the second quarter of 2009 compared to $107,000 or 3% of total revenues for the second quarter of 2008. The reduction in the company's Adjusted EBITDA was due primarily to the reduced total revenues for the period. Loss before tax was $164,000 compared to $112,000 for the same quarter a year ago. Net cash provided by operating activities was $126,000 compared to net cash used in operating activities of $257,000 for the same quarter a year ago. For the six months, the company reported net loss of $157,000 or $0.00 per diluted share on total revenue of $4.9 million compared to net loss of $641,000 or $0.02 per diluted share on total revenue of $6.1 million for the same period a year ago. Loss before tax was $143,000 compared to $585,000 for the same period a year ago. Net cash provided by operating activities was $305,000 compared to net cash used in operating activities of $293,000 for the same period a year ago. Purchase of property and equipment was $39,000 compared to $228,000 for the same period a year ago.

LiveWorld Inc. announced version 2.1 of its Community Center platform with dozens of new features, user interface updates and greater out-of-the-box flexibility for clients to change design, layout, features, content integration and application extensions. Built on years of code development and the 48th technology release of LiveWorld's acclaimed social networking platform, this new version is immediately available. LiveWorld first introduced its integrated full social network online community platform in 2003 with MINI Cooper as the first client. Since then dozens of major brands have selected the LiveWorld Community Center as their private label social networking solution. Version 2.1 brings an array of new and powerful features for brands and their customers.