Love Group Global Continues to Lose Value Despite Positive Quarter

Love Group Global’s market cap has now fallen by more than 45% since it reached a 12 month high on Valentine’s Day 2019.

The Australia-based company is currently trading as low as A$0.08, giving it a total value of A$3.28 million.

It has been live under the ticker LVE on the Australian Securities Exchange (ASX) since December 2014, when it was initially floated for A$1.00.

The steady decline in price comes despite the firm reporting its sixth consecutive profitable quarter at the end of July. Quarterly net operating cash flow was recorded as A$89,000, an 85% sequential increase.

The recent results have not been enough to overturn substantial losses the dating umbrella previously incurred. Between Q1 2017 and Q2 2018, Love Group Global lost A$2.7 million in net operating cash flow and, at the time of writing, it has only recovered A$700,000.

Most of Love Group Global’s profit is generated in Hong Kong and Singapore with its products Lovestruck and NoonSwoon.

It has been a difficult period for many of the publicly traded dating companies. Last week, GDI reported that Match Group had fallen by 13% in the past fortnight. The Meet Group lost 30% of its value in a similar time frame, meanwhile, and Spark Networks was experiencing a 2019 low.

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