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 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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Liquidity Services (NASDAQ:LQDT) will report its fourth quarter and fiscal year 2020 results on December 8, 2020, at 10:30 a.m. ET. The earnings press release will be distributed prior to the market opening. Bill Angrick, Chairman and CEO, along with Jorge Celaya, EVP and CFO, will host the earnings call. Interested parties can access the teleconference at (888) 771-4371 or via a live webcast on the company's investor relations site. Liquidity Services is a leader in e-commerce marketplace solutions, managing over $8 billion in transactions across global markets.
The State of Washington has announced the auction of a fully operational 1980 Westport Blanchard Boat, starting at $190,000. Bidding will remain open until November 16, 2020, and interested parties must register on GovDeals.com. The boat features living quarters and is equipped for fishing. It is maintained by the Washington Department of Fish and Wildlife and includes advanced navigational electronics. Buyers will receive a notarized 'Affidavit of Loss / Release of Interest' to facilitate ownership transfer.
Flagler County is auctioning 65 acres of undeveloped land in Palm Coast, zoned for commercial and retail use. The auction is hosted on GovDeals and bids are open until November 6, 2020. The site permits 80,000 ft² of office space and 85,000 ft² of retail space, near Advent Health Hospital with access to Interstate 95. The land is part of the Innovation District, designated an Opportunity Zone, and is included in the Innovation Kick Start Program to boost local development. Buyers can register at GovDeals.com for property inspection and bidding.
Liquidity Services (NASDAQ: LQDT) announces an auction of over twenty pieces of late model heavy construction equipment from D&G Directional Drilling, available for bidding until November 5, 2020. The sales event will be conducted on AllSurplus.com, enabling buyers to either participate in online auctions or purchase assets immediately at a set price. This event features notable brands such as John Deere, Caterpillar, Case, and Komatsu. The company currently lists nearly 850 construction assets for sale, highlighting its growing marketplace for business surplus.
Liquidity Services, a global leader in reverse supply chain solutions, has appointed Novelette Murray as the new Chief Human Resources Officer (CHRO), effective at the end of the fiscal year. Novelette will succeed Mike Lutz, who will retire after eight years with the company. CEO Bill Angrick emphasized Novelette's extensive knowledge of the company and her commitment to improving employee experiences and service delivery. Novelette has been with Liquidity Services since 2010, most recently as Vice President of HR Operations.
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