Welcome to our dedicated page for Liquidity Svcs news (Ticker: LQDT), a resource for investors and traders seeking the latest updates and insights on Liquidity Svcs stock.
Liquidity Services Inc (NASDAQ: LQDT) maintains its position as a leader in surplus asset management through innovative online auction platforms. This news hub provides investors and industry professionals with essential updates about the company's marketplace operations, sustainability initiatives, and strategic developments.
Access real-time information about earnings announcements, partnership agreements, and technological advancements across LQDT's key segments including GovDeals and Retail Supply Chain Group. Our curated collection ensures you never miss critical updates about this circular economy enabler's role in transforming asset recovery markets.
Discover official press releases detailing new marketplace features, operational expansions, and corporate governance updates. All content undergoes strict verification to maintain compliance with financial reporting standards while preserving accessibility for both retail and institutional investors.
Bookmark this page for continuous access to LQDT's verified news stream. Check back regularly to stay informed about this innovative company's progress in building sustainable e-commerce solutions for surplus asset management.
Liquidity Services (NASDAQ: LQDT) reported strong financial results for Q4-FY21, with a Gross Merchandise Volume (GMV) of $244.4 million, up 24% year-over-year. Revenue reached $70.3 million, a 26% increase, while GAAP Net Income surged to $32.8 million, benefiting from a $24.6 million tax gain. The company achieved a GAAP EPS of $0.93, buoyed by its growing e-commerce marketplace solutions. For FY21, GMV climbed 43% to $886.7 million, and revenue increased 25% to $257.5 million. Liquidity Services is focused on expanding its operations and has authorized a $20 million share repurchase program.
Liquidity Services (Nasdaq: LQDT) launched AllSurplus Deals, a new online marketplace in Phoenix, aimed at selling returned and overstock items at discounted prices. This platform supports the circular economy by offering affordable options across categories like electronics, furniture, and fitness gear. Consumers can bid on items through AllSurplusDeals.com, with curbside pickup available at the new 85,000 sq ft warehouse. The initiative is positioned to reduce waste and support sustainability, aligning with the growing trend of online shopping and returns, which accounted for approximately $102 billion in merchandise last year.
Liquidity Services (NASDAQ:LQDT) will present at the 2021 RBC Capital Markets Global Technology Conference on November 16, 2021, at 8:40 a.m. ET. The company is a leader in the B2B e-commerce marketplace for surplus assets, with over $8.5 billion in completed transactions and approximately 4 million qualified buyers globally. Liquidity Services helps clients with sustainability by extending asset life, minimizing waste, and supporting green initiatives. For more information, visit www.liquidityservices.com.
Liquidity Services (NASDAQ:LQDT) will report its fourth quarter fiscal year 2021 results on December 9, 2021, at 10:30 a.m. ET. The earnings release will be available before market open on the same day. CEO Bill Angrick and CFO Jorge Celaya will host the earnings call. Investors can join the teleconference by calling (888) 771-4371 or (847) 585-4405, using conference ID 50250739. A live webcast and subsequent replay will also be available on the company's investor relations website.
Liquidity Services (NASDAQ: LQDT) has announced the opening of a new 100,000 square foot warehouse in Northern Pennsylvania, enhancing its retail segment operations. This expansion aims to lower freight costs and improve shipping cycles for clients in the Northeast, with an expected 75% reduction in shipping expenses. The facility, strategically located near major interstates, will facilitate better service to omni-channel retailers and e-commerce brands. It aligns with the company's sustainability goals by optimizing logistics and reducing the carbon footprint.
Liquidity Services, Inc. (NASDAQ:LQDT) has acquired Bid4Assets, an online marketplace specializing in government real estate auctions. This strategic move enhances Liquidity Services' position in the multi-billion dollar government real estate market and expands its public sector market opportunities. Since its inception in 1999, Bid4Assets has sold over $1 billion worth of properties through its platform. The acquisition is aimed at leveraging Liquidity Services' extensive municipal buyer base to improve efforts in digital transformation within this sector.
Liquidity Services (NASDAQ: LQDT) has announced a partnership with Schneider Electric to auction surplus production and plant support equipment from their Foxboro, MA facility on AllSurplus, commencing December 1, 2021. The auction will feature over 1,000 assets, including late model machine tools and equipment. A virtual 3D tour will be available for potential buyers. Chris Register, VP of Corporate Services, emphasized the mutual benefits expected from this multi-phased sales approach. Liquidity Services aims to support sustainability and zero waste solutions.
Bidding is currently open for over 300,000 feet of line pipe in a timed online auction hosted by Tiger Group and Liquidity Services (LQDT). This auction is part of their strategic partnership aimed at selling surplus oil-and-gas assets. The inventory includes over 200,000 feet of casing and more than 100,000 feet of tubing, available for inspection in Colorado, Wyoming, and Texas. Bidding ends at 3 p.m. MT on October 27. Given the uptick in oil prices, this presents a strong opportunity for companies to rebuild their inventories.
Liquidity Services (NASDAQ: LQDT) announces attendance at the Barrington Research Fall Investment Conference on September 9, featuring CEO Bill Angrick and CFO Jorge Celaya. The virtual event will host meetings with senior management from around 50 publicly traded companies in sectors like Consumer, Healthcare, and Media/Technology.
The company aims to showcase its pioneering e-commerce marketplace solutions to support a $100 Billion circular economy, highlighting its role in sustainability and strong growth.
Liquidity Services (NASDAQ: LQDT) announced Q3-FY21 results showing significant growth across key metrics. Gross Merchandise Volume (GMV) reached $244.7 million, up 88% year-over-year, while revenue climbed 46% to $69.7 million. GAAP net income surged to $8.4 million, reflecting a dramatic increase from the previous year. Non-GAAP Adjusted EBITDA improved to $13.3 million, up from $3.7 million. Notably, the GovDeals segment saw GMV growth of 152%, driven by digital marketplace adoption. The company's cash reserves stood at $112.7 million with zero debt, indicating strong financial health.
FAQ
What is the current stock price of Liquidity Svcs (LQDT)?
What is the market cap of Liquidity Svcs (LQDT)?
