Liquidity Services (LQDT) Q1 2025 Earnings Call February 06, 2025 10:30 AM ET Company Participants Michael Patrick - Vice President and ControllerWilliam Angrick - Chief Executive Officer and Chairman of the Board of DirectorsJorge Celaya - Chief Financial OfficerGary Prestopino - Managing Director Conference Call Participants George Sutton - Senior Research Analyst Operator Welcome to the Liquidity Services Inc. First Quarter of Fiscal Year twenty twenty five Financial Results Conference Call. My name is T ...

Financial Performance - GMV for Q1 FY2025 reached $386.1 million, a 26% increase from $305.9 million in Q1 FY2024[4] - Revenue for Q1 FY2025 was $122.3 million, a 72% increase from $71.3 million in Q1 FY2024[5] - GAAP Net Income for Q1 FY2025 was $5.8 million, up 205% from $1.9 million in the same quarter last year[7] - Non-GAAP Adjusted EBITDA for Q1 FY2025 was $13.1 million, an increase of 81% from $7.3 million in Q1 FY2024[7] - Non-GAAP Adjusted Net Income for Q1-FY25 was $8,908,000, compared to $4,332,000 for Q1-FY24, representing a 105% increase[26] - Non-GAAP Adjusted Basic Earnings Per Share increased to $0.29 in Q1-FY25 from $0.14 in Q1-FY24, a growth of 107%[26] - Total revenue for Q4 2024 reached $122.331 million, a significant increase of 71.5% compared to $71.325 million in Q4 2023[43] - Net income for Q4 2024 was $5.810 million, up 204.5% from $1.907 million in Q4 2023[43] - Basic income per common share increased to $0.19 in Q4 2024, compared to $0.06 in Q4 2023, reflecting a growth of 216.7%[43] Segment Performance - The RSCG segment's GMV increased by 65% due to expansion with existing and new retail client programs[8] - Revenue in the RSCG segment grew by 101%, driven by increased volumes from client purchase model programs[8] - Consignment sales represented 80% of consolidated GMV for Q1 FY2025[8] Guidance and Future Outlook - The company anticipates Q2 FY2025 GMV guidance between $360 million and $390 million[16] - The acquisition of Auction Software is expected to enhance integrated solutions and market reach[3] - The company aims to enhance its operational strategies and expand its market presence through investments in technology and customer service capabilities[35] Asset and Liability Management - Total current assets decreased from $199,235,000 as of September 30, 2024, to $188,750,000 as of December 31, 2024, a decline of approximately 5.5%[40] - Total liabilities decreased from $164,328,000 as of September 30, 2024, to $144,045,000 as of December 31, 2024, a reduction of about 12.3%[40] - Cash and cash equivalents decreased from $153,226,000 to $128,700,000, a decrease of approximately 16%[40] Cash Flow and Expenses - Net cash used in operating activities for Q4 2024 was $12.140 million, compared to $8.873 million in Q4 2023, indicating a decline in cash flow from operations[45] - The company reported a decrease in cash and cash equivalents by $24.526 million during Q4 2024, compared to a decrease of $11.724 million in Q4 2023[45] - The company incurred $10.671 million in purchases of short-term investments in Q4 2024, significantly higher than $2.369 million in Q4 2023[45] - Total costs and expenses rose to $115.244 million in Q4 2024, up 65.5% from $69.678 million in Q4 2023[43] - Depreciation and amortization expenses were $2.516 million in Q4 2024, slightly down from $2.904 million in Q4 2023[43] - Stock compensation expense increased to $3.431 million in Q4 2024, compared to $2.249 million in Q4 2023, reflecting a rise of 52.7%[45] Shareholder Information - The weighted average diluted shares outstanding increased from 31,938,342 in Q1-FY24 to 32,204,055 in Q1-FY25, an increase of about 0.83%[26] - The effective tax rates for non-GAAP adjustments were 29% for Q1-FY25 and 32% for Q1-FY24, indicating a decrease in the tax burden[26] Marketplace Activity - The company completed over $10 billion in transactions through its B2B e-commerce marketplace, serving more than five million qualified buyers[37]

Continued Market Share Expansion Fuels Record GMV and Improved Operating Leverage to Start the Fiscal YearBETHESDA, Md., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT; www.liquidityservices.com), a leading global commerce company powering the circular economy, today announced its financial results for its fiscal quarter ended December 31, 2024, as compared to the corresponding prior year quarter: Record Gross Merchandise Volume (GMV) of $386.1 million, up 26%, and Revenue of $122.3 milli ...

DAYTON, Ohio, Feb. 05, 2025 (GLOBE NEWSWIRE) -- The Montgomery County Alcohol, Drug Addiction and Mental Health Services (ADAMHS) Board is conducting its first-ever online auction on GovDeals, the leading online marketplace for government agencies to sell real estate and other surplus assets. The auction is running now and will be open until February 28. The ADAMHS Board offers a 19-acre medical campus with multiple buildings for sale. The property has been appraised at $5.7 million, with a starting bid of ...

New unit will deliver secure, scalable auction software to the multi-billion dollar Circular EconomyBETHESDA, Md., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Liquidity Services, Inc. (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced the acquisition of Auction Software/Simple Auction Site, to form the core of Liquidity Services Software Solutions, Inc, a new private-label and software-as-a-service (SaaS) arm of Liquidity Services, Inc. The transaction strengthens Liquidit ...

Liquidity Services introduces a list of recommendations to accelerate DOGE's mission to create greater government efficiency and cost savings. BETHESDA, Md., Jan. 21, 2025 /PRNewswire/ -- Liquidity Services (NASDAQ: LQDT), operates the world's largest marketplace for surplus assets to benefit buyers, sellers and the planet. Working with thousands of government agencies at the Federal, state and local levels over the past 25 years, we have leveraged our expertise to deliver over $10 billion of proceeds to it ...

BETHESDA, Md., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its first quarter fiscal year 2025 results prior to market open on Thursday, February 6, 2025. Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will then host a conference call to review the results at 10:30 AM Eastern Time. To participate in the conference call, please register here to receive the dial-in ...

BLOOMSBURG, Pa., Dec. 19, 2024 (GLOBE NEWSWIRE) -- The Columbia County, PA sheriff's office conducted the county's first-ever virtual sheriff's sale with Bid4Assets, a leading online auction marketplace for distressed real estate sales. The sale, which ran on October 30, produced a total of $167,038 in proceeds. "We're proud to have made such a smooth transition to an online sheriff's sale format," said Columbia County Sheriff Timothy T. Chamberlain. "Our hope was that doing this would create opportunities ...

Liquidity Services (NASDAQ: LQDT ) is a $1 billion specialist US e-commerce company with a focus on surplus asset management through online channels. The company, through its digital platform, facilitates auction-based buying and selling of surplus real estate, fixed, and retail assets belonging to government entities, industrial players, andI specialize in analyzing individual stocks. With a strong educational background in both finance and economics, I’ve developed a deep fascination with the stock market ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-51813 A Better Future for Surplus (I.R.S. Employer Identification No.) | --- | --- | --- | --- | |------------|----------------------- ...