Healthcare Initiatives Drive Growth in Revenues, Profits, and Cash

• 2021 total revenues of $10.1 million, up 18% year-over-year
• 2021 healthcare revenues of $8.8 million, up 25% year-over-year
• Net income from operations of $796,000 or 8%, up 118% year-over-year
• Cash from operations was $2.5 million, up 65% year-over-year
• Company received forgiveness of 2020 PPP loan of $1 million
• Current company valuation is approximately 0.77x 2021 revenues

LiveWorld, Inc. (OTC Markets: LVWD) today announced financial results for the year of 2021. Total revenues for the twelve months ended December 31, 2021 were approximately $10.1 million, as compared to the $8.6 million for the twelve months ended December 31, 2020. This was an increase of approximately $1.5 million or 18% when compared to the twelve months ended December 31, 2020. Healthcare related revenues grew approximately 25% when compared to the twelve months of 2020.

We reported a net income before the forgiveness of our PPP loan for the year of approximately $796,000 or 8% of total revenues. This compares to net income of approximately $366,000 or 4% of total revenues reported for the twelve months of 2020. Total net income after the forgiveness of the PPP loan was approximately $1,822,000 or 18% of revenues.

We finished the year with approximately $3.6 million in cash and cash equivalents, as compared to the approximately $2.6 million at the end of 2020. Our total cash grew approximately 40% from 2020. The cash from operations was approximately $2.5 million for 2021 as compared to the $1.5 million for 2020. The cash grew approximately $1 million or 65% year-over-year.

“Overall 2021 was a successful year for us, with double digit growth for revenues, healthcare related revenues, and cash from operations. We also saw our profits from operations jump 118% compared to 2020,” said David Houston, Chief Financial Officer of LiveWorld. “In 2022 we will remain focused on driving revenue growth through our healthcare initiatives, while maintaining positive profit margins.”

LiveWorld received forgiveness for its PPP loan in 2021 and is reporting it as other income. Therefore the statement of operations shows net income from operations and net income after the loan forgiveness.

Detailed financial information may be downloaded at www.liveworld.com/ir (LiveWorld’s Investor Relations page) or at www.otcmarkets.com.

About LiveWorld

LiveWorld is a digital agency and software company specializing in social media solutions that help companies build stronger customer relationships. We provide consulting, strategy, and creative along with human agents, conversation management software, and chatbots for digital campaigns and social media programs. Our solutions empower companies to deepen relationships with customers, professionals, patients and healthcare providers with emotion driven behavior change through conversations and campaigns with a human touch. LiveWorld clients include the number one brands in pharmaceuticals, hospitals, consumer packaged goods, and financial-travel services. LiveWorld is headquartered in San Jose, California, with an additional office in New York City. Learn more at www.liveworld.com and @LiveWorld.

“Safe Harbor" Statement Under The Private Securities Litigation Reform Act

This press release may contain forward-looking information concerning LiveWorld plans, objectives, future expectations, forecasts and prospects. These statements may include those regarding LiveWorld’s current or future financial performance including but not limited to lists of clients, revenue and profit, use of cash, investments, relationships and the actual or potential impact of stock option expense, and the results of its product development efforts. Actual results may differ materially from those expressed in the forward- looking statements made as a result of, among other things, final accounting adjustments and results, LiveWorld’s ability to attract new clients and preserve or expand its relationship with existing clients, LiveWorld’s ability to retain and attract high quality employees, including its management staff, the ability to deliver new innovative products in a timely manner, changing accounting treatments, and other risks applicable to the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

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