GOAINasdaqServices-Computer Programming, Data Processing, Etc.US GAAP · USD

Eva Live Inc

Eva Live Inc is a U.S.-based digital marketing and media monetization company that operates an ad-tech platform and related campaign services. The company sells advertising and media-buying solutions to agencies and businesses, recognizing revenue from client ad spend and related insertion orders.

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Revenue0.2m USD
−98.7 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

-1001020m USD2021: 2.5 m USD2021: EBIT -9.7 m USD20212022: 1.4 m USD2022: EBIT -2.1 m USD20222023: 5.1 m USD2023: EBIT -6.6 m USD20232024: 9.3 m USD2024: EBIT -3.7 m USD20242025: 17 m USD2025: EBIT 8.2 m USD20252026: 0.22 m USD20260.22
RevenueOperating profit (EBIT)

Business

Share of revenue
Digital marketing and media monetization55 %

Campaign execution and monetization services tied to client ad spend and media placements.

Media buying and traffic acquisition25 %

Purchase and placement of ad inventory and online traffic through third-party publishers.

Creative and account services10 %

Advice, creative production, account management, and media planning support for clients.

Platform and technology development10 %

Development and enhancement of the Eva Platform and AI-integrated AdTech tools.

Customers

Eva Live primarily serves advertising agencies and businesses that need digital marketing, media buying, and campaign execution. Its customer base also includes media companies, financial institutions, and retail businesses that use the platform to market products and services. The company’s revenue is concentrated in a small number of customers, making client retention and ad-spend levels critical to performance.

Advertising agencies

Agencies buy media buying, insertion-order execution, and reporting services to run client campaigns.

Direct business advertisers

Companies across industries buy campaign planning, creative support, and ad placement to reach customers.

Media companies

Media firms use the platform for monetization and traffic-related advertising arrangements.

Financial institutions

Banks and other financial firms use the service for digital awareness and customer acquisition campaigns.

Retail businesses

Retailers buy digital advertising to promote products and support demand generation.

Strategy

Eva Live is focused on expanding its AdTech platform, including AI-integrated solutions, while increasing sales and marketing to win more ad spend. Management also plans to improve technology, add complementary software, and support growth with additional capital if needed. The strategy is aimed at turning a small, concentrated customer base into a more scalable digital advertising business.

Build and commercialize AI-integrated AdTech toolsMedium term

Management believes stronger technology is needed to compete and scale the platform.

Expand customer acquisition and ad spendShort term

Revenue is directly tied to client ad spend, so more campaigns and larger budgets drive growth.

Secure additional fundingShort term

The company has ongoing capital needs and limited operating cash generation.

Geography

The company’s customer base is primarily in North America, especially the United States and Canada. Management indicates most customers are from these markets, and the business appears operationally centered on U.S.-based advertising relationships and contracts. No authoritative country revenue table was provided, so the geographic profile is based on narrative disclosure rather than a segment-note map.

Risks

The company faces going-concern and liquidity risk because it has a history of losses, negative operating cash flow, and limited cash resources. Business risk is also elevated by customer concentration, since a few clients account for most receivables and revenue depends directly on ad spend levels. As an ad-tech and media-buying business, it is also exposed to execution risk, platform performance risk, and competitive pressure in digital advertising.

Sorted by severity
Going-concern and liquidity shortfallCritical

The company reports losses, negative cash flows, and uncertainty about funding over the next 12 months.

Exposure: Operating continuity and ability to fund growth

Customer concentrationHigh

The top three customers accounted for 88% of receivables as of June 30, 2025.

Exposure: Revenue and collections

Ad-spend cyclicalityHigh

Revenue is directly proportional to client ad spend, so marketing budget cuts quickly reduce sales.

Exposure: Top-line volatility

Platform and product executionMedium

The company must develop and launch AI-integrated AdTech solutions to support growth.

Exposure: Product roadmap and competitive positioning

Accounting

Judgemental items
Revenue recognition on ad spend

Revenue is tied to client campaign spend and insertion orders, so timing and gross-versus-net judgments matter.

Impact: Can materially affect reported sales and margins

Capitalized software development and amortization

Development of the Eva Platform creates amortization/depreciation that affects operating results.

Impact: Affects operating expense timing and asset carrying values

Going-concern and valuation estimates

Liquidity uncertainty requires management estimates about recoverability and obligations.

Impact: Can affect asset impairment and liability classification

Variable media traffic purchases

Traffic acquisition costs move with campaign activity and can distort quarterly comparability.

Impact: Affects gross margin and operating leverage

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Last updated: 28/04/2026