Liquidity Svcs Inc Stock Price, News & Analysis

Liquidity Services (NASDAQ:LQDT) has announced it will release its first quarter fiscal year 2025 financial results before the market opens on Thursday, February 6, 2025. The company will host a conference call at 10:30 AM Eastern Time featuring Chairman and CEO Bill Angrick and EVP and CFO Jorge Celaya to discuss the results.

A live webcast of the conference call will be available on the company's investor relations website. An archived version of the webcast will remain accessible until February 6, 2026, with a replay available starting at 1:30 PM Eastern Time on the day of the call.

Liquidity Services (NASDAQ:LQDT) reported strong Q4 FY2024 results with record performance metrics. The company achieved GMV of $361.0 million (up 14%) and revenue of $106.9 million (up 34%). GAAP Net Income reached $6.4 million with EPS of $0.20, while Non-GAAP Adjusted EBITDA grew 13% to $14.5 million.

Key highlights include record performance in the RSCG segment, robust growth in GovDeals, and a new revenue record for Machinio. The company maintains a strong financial position with $155.5 million in cash and zero debt. The Board authorized an additional $10.0 million share repurchase program through December 2026.

For Q1 FY2025, the company projects GMV between $350-385 million and GAAP Net Income of $2.5-5.0 million.

Liquidity Services (NASDAQ:LQDT) has scheduled its fourth quarter fiscal year 2024 earnings release and conference call. The company will release results before market open on December 12, 2024, followed by a conference call at 10:30 AM Eastern Time. CEO Bill Angrick and CFO Jorge Celaya will host the call. A live webcast will be available on the company's investor relations site, with the replay accessible until August 8, 2025 at 11:59 PM Eastern Time.

Liquidity Services (NASDAQ: LQDT) has been chosen by a major U.S. oil and gas exploration and production company to sell over 30 workover rigs and associated surplus assets in West Texas. The sale, featuring Cameron, Watson Corsair, Rig Works, and Franks rigs, is taking place through a sealed bid event on AllSurplus.com until September 12th, 2024, at 5:00 pm EDT.

This opportunity allows businesses in the oil and gas industry to acquire premium workover rigs at competitive prices. Buyers can bid on individual assets or the entire catalog. Liquidity Services' VP of business development, Darron Hanner, emphasized that their global market reach and competitive bidding platform will ensure these assets continue to operate, reducing new manufacturing needs and minimizing landfill waste.

Liquidity Services (NASDAQ: LQDT) has announced a sealed bid auction for three unused, uninstalled ANGI compressed natural gas (CNG) refueling stations on behalf of a major integrated oil and gas The auction, hosted on AllSurplus.com, runs until September 12, 2024, at 6:00 pm EDT. Each station includes duplex and simplex ariel compressors, storage vessels, dispensers, and starter assemblies.

Located in San Jose and Van Nuys, California, and Portland, Oregon, these assets offer a unique opportunity for fuel station operators, fleet operators, or companies entering the CNG fueling business. Buyers can bid on individual stations or all three, potentially saving significantly compared to new equipment costs while bypassing lengthy delivery times.

Liquidity Services (NASDAQ: LQDT) has partnered with Aaron Industrial Solutions (AIS) to conduct its first sale in China for a global energy leader. The sale features over 60 unused Sumimoto cryogenic aluminum brazed fin heat exchangers available on AllSurplus.com until August 31, 2024. This marks the beginning of a series of sales for the energy company in China.

Hugh Yu, Liquidity Services Managing Director for APAC, emphasized the significance of this partnership and the potential for future sales. The assets include Argon Condensers, Nitrogen Superheaters, and Refined AR Column Condensers, all built to ASME code and National Board registered. Peder Grimstrup, AIS Managing Director, highlighted the commitment to sustainability in the disposal process.

Liquidity Services (NASDAQ: LQDT) and Tiger Group have announced the fifth auction in a series of court-ordered auctions related to the bankruptcy of El Dorado Gas & Oil. Over 230 energy assets located in Three Rivers, Texas are available until August 28, 2024 on AllSurplus.com. The auction includes high-value equipment such as sand kings, frac pumps, and nitrogen pumpers.

This sale is part of the ongoing bankruptcy liquidation of El Dorado Gas & Oil's estate assets, managed by Liquidity Services and Tiger Group since mid-July. The auction offers oil and gas operators and equipment dealers the opportunity to acquire a wide range of equipment at prices significantly below new. Available items include drilling rigs, fracking and gas processing equipment, pumps, compressors, and machine shop items.

Liquidity Services (NASDAQ:LQDT), a global commerce company driving the circular economy, announced its participation in the 15th Annual Midwest IDEAS Conference on August 28, 2024. Bill Angrick, Co-Founder, Chairman, and CEO, will represent the company, delivering a presentation and engaging in one-on-one meetings throughout the day.

The presentation is scheduled to begin at 10:15 am ET and will be accessible via the IDEAS conference page. Following the event, a playback option will be available through the Liquidity Services Investor page. This conference provides an opportunity for Liquidity Services to showcase its business model and growth strategies to potential investors and industry analysts.

Liquidity Services (NASDAQ:LQDT) reported strong Q3 FY2024 results, achieving record Gross Merchandise Volume (GMV) of $380.4 million, up 14% year-over-year. Revenue increased 16% to $93.6 million. The company posted GAAP Net Income of $6.0 million and Non-GAAP Adjusted EBITDA of $14.7 million, its highest in 10 years. Key highlights include:

- GovDeals segment set a quarterly GMV record of $250 million
- RSCG segment saw increased volumes
- Machinio segment achieved another revenue record
- Cash balance of $136.8 million with zero debt

For Q4 FY2024, Liquidity Services expects:
- GMV between $330-365 million
- GAAP Net Income of $5.0-7.0 million
- Non-GAAP Adjusted EBITDA of $12.0-15.0 million