Liquidity Svcs Inc Stock Price, News & Analysis

Liquidity Services (NASDAQ:LQDT) reported strong Q1 FY2025 results with record performance across key metrics. The company achieved record Gross Merchandise Volume (GMV) of $386.1 million, up 26% year-over-year, and revenue of $122.3 million, up 72%.

Financial highlights include GAAP Net Income of $5.8 million (up 205%), GAAP EPS of $0.18 (up 200%), and Non-GAAP Adjusted EBITDA of $13.1 million (up 81%). The company maintains a strong financial position with $139.1 million in cash and zero debt.

All segments showed double-digit GMV growth, with RSCG segment setting new quarterly records. The company announced the acquisition of Auction Software to expand SaaS offerings. For Q2 FY2025, LQDT guides GMV between $360-390 million and GAAP Net Income of $5.5-8.0 million.

Liquidity Services (NASDAQ:LQDT) has announced the acquisition of Auction Software/Simple Auction Site to establish Liquidity Services Software Solutions, Inc., a new private-label and SaaS division. Founded in 2015, Auction Software specializes in auction and marketplace solutions for the $100 Billion Circular Economy marketplace, while Simple Auction Site focuses on sports collectibles and fine wine sectors.

The acquisition aims to strengthen Liquidity Services' position in the Circular Economy marketplace by expanding its software development capabilities and supporting businesses through private-label and SaaS marketplace solutions. The company will retain Auction Software's founder Rajesh Rajaram and existing employees. While specific terms weren't disclosed, the transaction is not expected to materially impact Liquidity Services' overall results.

Liquidity Services (NASDAQ: LQDT) has proposed five strategic recommendations to support the Department of Governmental Efficiency's (DOGE) mission to improve government efficiency and cost savings. The company, which has generated over $10 billion in proceeds from selling surplus government assets over 25 years, suggests:

1. Monetizing underutilized federal real estate through online auctions
2. Empowering agencies to make independent decisions on surplus asset sales
3. Utilizing existing commercial solutions for asset disposal
4. Selling specialty items through online platforms
5. Implementing software tools to match surplus assets with agency needs

The company emphasizes these strategies could help reduce waste, generate cash, and lower maintenance costs while promoting sustainability in government operations.

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.