Liquidity Svcs Inc Stock Price, News & Analysis

Liquidity Services (NASDAQ: LQDT) continues to strengthen its partnership with Tiger Capital Group to assist in the turbulent oil and gas market. With over $50 billion cut from industry budgets, the companies aim to support insolvency professionals by facilitating online auctions of distressed energy assets. Despite market challenges, demand for surplus equipment is increasing, providing liquidity to sellers in need of cash. The Tiger Liquidity Services Energy Partners (TLSEP) has a strong track record of selling oil and gas equipment, benefiting various stakeholders in the industry.

On June 9, 2020, Liquidity Services (NASDAQ: LQDT) announced the launch of its new marketplace, AllSurplus, featuring a June Construction Fleet Sale with around 50 heavy equipment assets available for bidding until June 17, 2020. The sale includes bulldozers, wheel loaders, cranes, and extended cab trucks, providing buyers with cost-effective options compared to new purchases. Liquidity Services operates over 11,000 assets in its marketplace, showcasing detailed asset descriptions and inspection reports, enhancing the purchasing experience.

Liquidity Services (NASDAQ: LQDT) has announced the sale of surplus assets from the Savannah River Site, located in Barnwell, South Carolina. Partnering with AW Properties Global and PPL Group, the company will auction approximately 450,000 items on AllSurplus.com, open for bidding until June 18, 2020. The assets, being sold due to project cancellation, include top nuclear-grade equipment suitable for general manufacturing. Featured items comprise lots of power generation equipment, HVAC systems, and construction components. Buyers can also make offers outside of auction events.

Miami-Dade County is auctioning a maritime passenger boarding bridge via GovDeals.com. Manufactured in 2010 by Adelte Seaport, this structure facilitates passenger transport to cruise and ferry ships. It represents a unique opportunity for municipalities seeking to enhance their cruise and ferry services. Interested bidders can visit the bridge before the auction ends on May 29, 2020. As part of Liquidity Services, GovDeals connects sellers and buyers efficiently, having completed over $8 billion in transactions globally.

Liquidity Services (NASDAQ: LQDT) announces a new online auction for construction machinery in Round Rock, TX, hosted on AllSurplus.com. The auction features equipment from leading brands like Caterpillar, John Deere, and Volvo, closing on May 27, 2020. Buyers can acquire previously owned equipment at lower costs, enhancing productivity. Featured items include a 2011 Caterpillar RM500 Rotary Mixer and a 2006 Volvo A25D Dump Truck. The platform facilitates easy asset management for sellers, further widening access to nearly 10,000 assets in various industries.

BETHESDA, Md., May 14, 2020 – Liquidity Services (NASDAQ: LQDT) has partnered with a top manufacturer to auction surplus electrical panelboard production equipment from a closed facility in Peru, IN. The two-day no-reserve auction starts on May 20, 2020, featuring over 500 assets, including turret and hydraulic presses. Key items include five Amada turret presses and Cincinnati press brakes. The auction offers buyers a chance to acquire quality manufacturing equipment at competitive prices.

Liquidity Services reported Q2 FY2020 results with a GAAP revenue of $52.8 million, down from $56.8 million year-over-year. The GAAP net loss was $4.2 million, representing a slight improvement from a loss of $4.4 million in the previous year. Gross Merchandise Volume (GMV) decreased by 7.1% to $144.3 million. Despite the challenges posed by the COVID-19 pandemic, the RSCG segment reported a 6% GMV growth, while the CAG segment saw a 28% decline. The company ended the quarter with a cash position of $51.8 million and zero debt.

AllSurplus, a new marketplace from Liquidity Services (LQDT), is showcasing eight cranes available for sale, with bidding open until early July. Currently, AllSurplus lists over 8,000 assets and has facilitated sales totaling over $1.5 billion in heavy equipment over two decades. Michael Smith, senior director of heavy equipment sales, noted the favorable economic climate for investing in projects due to low interest rates and government stimulus. AllSurplus simplifies the purchasing process with an immediate Buy Now option. Visit AllSurplus.com for more details.