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) has partnered with Aaron Industrial Solutions to auction a closed oil refinery in Portugal, which has a capacity of 110,000 barrels per day and spans approximately 716 acres. This project aims to meet rising demand for oil and gas amid recent shortages due to geopolitical tensions and refinery closures. The initiative emphasizes sustainability by prolonging the life of existing equipment, reducing the need for new manufacturing, and mitigating environmental impacts. For more details, visit AllSurplus.com.
Liquidity Services (NASDAQ: LQDT) announced it will report its Q1 fiscal year 2023 results before the market opens on February 2, 2023. Following the release, CEO Bill Angrick and CFO Jorge Celaya will hold a conference call at 10:30 AM ET to discuss the results. Interested participants can register for the call or access a live webcast on the company's investor relations site. Liquidity Services operates the largest B2B e-commerce marketplace for surplus assets, having completed over $10 billion in transactions worldwide.
Liquidity Services (NASDAQ:LQDT) reported Q4 FY2022 results with a GMV of $283.3 million, a 16% increase year-over-year, and revenue of $75.2 million, up 7%. However, GAAP net income fell to $8.3 million, down $24.4 million due to non-cash benefits last year. Non-GAAP adjusted EBITDA rose to $12.3 million. Liquidity Services has a robust cash position of $97.9 million with zero debt. Looking ahead, the company aims for an annualized GMV of $1.5 billion, despite near-term headwinds affecting vehicle supply. A new $8.4 million share repurchase program has also been authorized.
Liquidity Services (NASDAQ:LQDT), a leader in global commerce, will present at two major investor conferences this month. The 14th Annual Southwest IDEAS Investor Conference is set for November 16, 2022, featuring CEO Bill Angrick at 12:45 PM CT. Attendees can watch the live webcast on the IDEAS conference page. The company will also participate in the 13th Annual Craig-Hallum Alpha Select Conference on November 17, 2022, where CFO Jorge Celaya will hold meetings with investors in New York City. This engagement highlights LQDT's commitment to investor relations and market visibility.
Liquidity Services (NASDAQ:LQDT) announced it will report its fourth quarter fiscal year 2022 results on December 8, 2022, before market opening. CEO Bill Angrick and CFO Jorge Celaya will host a conference call at 10:30 AM ET to discuss the results. The call will be accessible via registration, with a live webcast available on the company's investor relations site. Liquidity Services is a leading global commerce company supporting the circular economy, having facilitated over $10 billion in transactions through its B2B e-commerce marketplace.
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Liquidity Services (NASDAQ:LQDT) announced the auction of surplus tubular, drilling, and completions equipment in the Gulf of Mexico for a major oil and gas partner. The auctions are hosted on AllSurplus.com until September 14, 2022. Jeff Morter, Director of Energy Sales, emphasized the importance of immediate availability due to supply chain disruptions impacting lead times.
Liquidity Services (NASDAQ:LQDT) successfully auctioned two 2013 Bell 407GX helicopters, resulting in a multi-million dollar sale. The auction attracted nine bidders worldwide, ultimately selling to an end-user in Louisiana. The company's strong marketing campaign utilized direct outreach and high-quality listings to maximize bidder interest. Liquidity Services continues to position itself as a leader in the surplus asset market, emphasizing their ability to meet seller expectations through effective market engagement.
Liquidity Services (NASDAQ:LQDT) announced a partnership with a New York engineering firm to auction 27 surplus heavy equipment items valued over $800,000 on AllSurplus.com. The auction includes high-value assets such as Caterpillar backhoes and Peterbilt trucks, with bidding closing from August 31 to September 14, 2022.
BETHESDA, Md., Aug. 11, 2022 – Liquidity Services (NASDAQ:LQDT) announced that its Co-Founder and CEO, Bill Angrick, will present at the Midwest IDEAS Investor Conferences on August 25, 2022, at 3:45 PM CT in Chicago, IL. The event aims to connect quality companies with investment professionals. Angrick will hold individual meetings with investors to showcase how Liquidity Services enhances sustainability by extending asset life and reducing waste. A webcast of the presentation will be available for registered attendees.