Liquidity Services, Inc. operates e-commerce marketplaces and software solutions for surplus assets, returned goods, overstock inventory, and used equipment. Company news commonly covers quarterly financial results, gross merchandise volume, revenue, transaction margins, buyer participation, and operating leverage across its marketplace platform.
Recurring updates also address segment activity in GovDeals, the Retail Supply Chain Group, Capital Assets Group, Machinio, and Software Solutions. News may include developments in government and corporate surplus sales, retail returns and overstock channels, heavy-equipment marketplaces, dealer management software, and Retail Rush consumer auction activity tied to buy-online, pick-up-in-store sales.
Liquidity Services (NASDAQ:LQDT) will report its fourth quarter fiscal year 2021 results on December 9, 2021, at 10:30 a.m. ET. The earnings release will be available before market open on the same day. CEO Bill Angrick and CFO Jorge Celaya will host the earnings call. Investors can join the teleconference by calling (888) 771-4371 or (847) 585-4405, using conference ID 50250739. A live webcast and subsequent replay will also be available on the company's investor relations website.
Liquidity Services (NASDAQ: LQDT) has announced the opening of a new 100,000 square foot warehouse in Northern Pennsylvania, enhancing its retail segment operations. This expansion aims to lower freight costs and improve shipping cycles for clients in the Northeast, with an expected 75% reduction in shipping expenses. The facility, strategically located near major interstates, will facilitate better service to omni-channel retailers and e-commerce brands. It aligns with the company's sustainability goals by optimizing logistics and reducing the carbon footprint.
Liquidity Services, Inc. (NASDAQ:LQDT) has acquired Bid4Assets, an online marketplace specializing in government real estate auctions. This strategic move enhances Liquidity Services' position in the multi-billion dollar government real estate market and expands its public sector market opportunities. Since its inception in 1999, Bid4Assets has sold over $1 billion worth of properties through its platform. The acquisition is aimed at leveraging Liquidity Services' extensive municipal buyer base to improve efforts in digital transformation within this sector.
Liquidity Services (NASDAQ: LQDT) has announced a partnership with Schneider Electric to auction surplus production and plant support equipment from their Foxboro, MA facility on AllSurplus, commencing December 1, 2021. The auction will feature over 1,000 assets, including late model machine tools and equipment. A virtual 3D tour will be available for potential buyers. Chris Register, VP of Corporate Services, emphasized the mutual benefits expected from this multi-phased sales approach. Liquidity Services aims to support sustainability and zero waste solutions.
Bidding is currently open for over 300,000 feet of line pipe in a timed online auction hosted by Tiger Group and Liquidity Services (LQDT). This auction is part of their strategic partnership aimed at selling surplus oil-and-gas assets. The inventory includes over 200,000 feet of casing and more than 100,000 feet of tubing, available for inspection in Colorado, Wyoming, and Texas. Bidding ends at 3 p.m. MT on October 27. Given the uptick in oil prices, this presents a strong opportunity for companies to rebuild their inventories.
Liquidity Services (NASDAQ: LQDT) announces attendance at the Barrington Research Fall Investment Conference on September 9, featuring CEO Bill Angrick and CFO Jorge Celaya. The virtual event will host meetings with senior management from around 50 publicly traded companies in sectors like Consumer, Healthcare, and Media/Technology.
The company aims to showcase its pioneering e-commerce marketplace solutions to support a $100 Billion circular economy, highlighting its role in sustainability and strong growth.
Liquidity Services (NASDAQ: LQDT) announced Q3-FY21 results showing significant growth across key metrics. Gross Merchandise Volume (GMV) reached $244.7 million, up 88% year-over-year, while revenue climbed 46% to $69.7 million. GAAP net income surged to $8.4 million, reflecting a dramatic increase from the previous year. Non-GAAP Adjusted EBITDA improved to $13.3 million, up from $3.7 million. Notably, the GovDeals segment saw GMV growth of 152%, driven by digital marketplace adoption. The company's cash reserves stood at $112.7 million with zero debt, indicating strong financial health.
Liquidity Services (NASDAQ: LQDT), the largest B2B e-commerce marketplace for surplus assets, will announce its third quarter fiscal year 2021 results on August 5, 2021, at 10:30 a.m. ET. The earnings press release will be available before market open. Bill Angrick, Chairman and CEO, alongside Jorge Celaya, EVP and CFO, will host the earnings event. Interested parties can participate through a teleconference or access a live webcast on the Company’s investor relations website. Liquidity Services has completed over $8.5 billion in transactions, boasting more than 3.8 million registered buyers.
Liquidity Services (NASDAQ:LQDT) has secured a 4-year contract under the NEPO202 framework for the remarketing of vehicles and equipment. This contract will allow the company to sell used cars, commercial vehicles, and construction equipment for various public sector organizations in the UK, including local authorities and NHS bodies. Items will be available for purchase on AllSurplus.com, Liquidity Services' marketplace for business surplus. The NEPO framework focuses on high-value procurement in collaboration with North Eastern UK local authorities.
Liquidity Services, (Nasdaq:LQDT), announced participation in the 15th Annual Barrington Research Investment Conference on May 27, 2021. Co-Founder, Chairman, and CEO Bill Angrick, along with CFO Jorge Celaya, will host virtual meetings throughout the day. Liquidity Services operates the largest B2B e-commerce marketplace for surplus assets with over $8.5 billion in transactions and 3.8 million registered buyers. The company aims to enhance sustainability efforts, helping clients extend asset life and reduce waste.