Welcome to our dedicated page for Liquidity Svcs news (Ticker: LQDT), a resource for investors and traders seeking the latest updates and insights on Liquidity Svcs stock.
Liquidity Services Inc (NASDAQ: LQDT) maintains its position as a leader in surplus asset management through innovative online auction platforms. This news hub provides investors and industry professionals with essential updates about the company's marketplace operations, sustainability initiatives, and strategic developments.
Access real-time information about earnings announcements, partnership agreements, and technological advancements across LQDT's key segments including GovDeals and Retail Supply Chain Group. Our curated collection ensures you never miss critical updates about this circular economy enabler's role in transforming asset recovery markets.
Discover official press releases detailing new marketplace features, operational expansions, and corporate governance updates. All content undergoes strict verification to maintain compliance with financial reporting standards while preserving accessibility for both retail and institutional investors.
Bookmark this page for continuous access to LQDT's verified news stream. Check back regularly to stay informed about this innovative company's progress in building sustainable e-commerce solutions for surplus asset management.
Liquidity Services has released its 2021 Environmental, Social & Governance (ESG) Report, underscoring efforts to foster sustainability through its B2B e-commerce platform. CEO Bill Angrick highlighted the company’s role in over $8.5 billion of completed transactions and its impact on clients' zero-waste initiatives, diverting billions of pounds from landfills. This report coincides with a presentation at Baird’s 2021 Sustainability Conference, showcasing how the platform aids corporations and government agencies in achieving sustainability goals.
Liquidity Services (NASDAQ:LQDT) is hosting ongoing sales partnered with Bechtel Corporation, featuring surplus assets from a significant liquefied natural gas project in Corpus Christi, Texas. The current bidding process is open until February 25, 2021, with sales extending into May 2021. Key items include heavy-duty trucks, portable air compressors, and industrial equipment. This collaboration has spanned 10 years, focusing on maximizing returns on surplus assets while supporting sustainable practices. AllSurplus.com is the platform for these sales, aiming to enhance asset management and sustainability.
Liquidity Services reported Q1-FY21 results with a GMV of $190.4 million, up 28% year-over-year. GAAP revenue reached $55.8 million, marking a 13% increase, while GAAP net income was $4.5 million, compared to a loss of $5.2 million last year. Non-GAAP Adjusted EBITDA stood at $8.8 million, a significant improvement from a loss of $2.1 million. The GovDeals segment saw GMV growth of 36%, and the Retail Supply Chain Group grew 30%. Liquidity Services continues to focus on technology-driven efficiencies to support a growing trend towards digital solutions.
Erie County, PA will host its first virtual Judicial Real Estate Tax Sale, featuring over 100 residential properties. This two-day sale will occur from February 10 to 11, 2021, on GovDeals.com. Properties listed have accumulated delinquent taxes and will be sold free of claims and liens. Starting bids are as low as $1,000, attracting investors. Bidders must register by February 9 and submit required documentation to participate. Current owners have until February 10 to pay delinquent taxes to avoid sale.
Liquidity Services (NASDAQ:LQDT) announces the sale of two unused Hydrocracker Reactors fabricated by Kobe Steel Japan in 2010. These reactors, designed for producing Jet Fuel, Diesel Fuel, Gasoline, Kerosene, and Naphtha, are available through an online auction starting January 13, 2021. The reactors are offered at a significantly lower price compared to new units and can expedite production upgrade timelines for oil refineries. Included in the sale are all necessary supporting components and technical documentation, allowing for immediate operational setup.
Liquidity Services (NASDAQ:LQDT) will publish its first quarter fiscal year 2021 results on February 4, 2021, at 10:30 a.m. ET. The earnings report will cover the period ending December 31, 2020. CEO Bill Angrick and CFO Jorge Celaya will discuss the results in a teleconference accessible via phone and live webcast. Investors can dial in at (888) 771-4371 or (847) 585-4405 using conference ID 50053903. The earnings call will also be available for replay afterward on the company's investor relations website.
Liquidity Services continues to enhance its online marketplace, AllSurplus, with an auction featuring classic vehicles, including a 1937 Ford Coupe Phantom, a 1931 Model A Sedan, and a 2015 Factory Five 1933 Replica Roadster. The auction runs until December 16, 2020. AllSurplus offers over 500 categories for buyers, enhancing access to surplus business assets.
Liquidity Services (NASDAQ: LQDT) reported its Q4 FY20 results, showcasing a consolidated GMV of $196.9 million, a 25% year-over-year growth, despite GAAP revenue dropping to $55.9 million from $58.8 million. The company achieved a GAAP net income of $5.4 million and GAAP EPS of $0.16. The Non-GAAP Adjusted EBITDA improved by $9.0 million. Their GovDeals segment saw GMV growth of 35%, while RSCG grew by 33%. Although the Capital Assets Group GMV declined by 8% due to expiring contracts, overall performance was bolstered by improving margins and effective digital solutions.
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