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Liquidity Services(LQDT) - 2024 Q4 - Earnings Call Presentation
2024-12-12 16:51
A Better Future for Surplus Investor Presentation Fourth Quarter Fiscal Year 2024 © Liquidity Services, Inc. All Rights Reserved. 1 Forward-Looking Information This document contains forward-looking statements. These statements are only predictions. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future ...
Liquidity Services(LQDT) - 2024 Q4 - Earnings Call Transcript
2024-12-12 16:49
Financial Data and Key Metrics Changes - The company achieved record annual GMV of $1.4 billion, with a 14% growth year-over-year [15][8] - Revenue grew 16% to $363 million, with GAAP net income at $20 million, up 9% [15][16] - Non-GAAP adjusted EBITDA was $48.5 million for the year, up 6% [15] Business Line Data and Key Metrics Changes - The Retail segment saw GMV increase by 28%, revenue by 49%, and segment direct profit by 5% [17] - GovDeals segment GMV was up 14%, revenue up 26%, and direct profit up 23% [17] - The CAG segment experienced a decline, with GMV down 2%, revenue down 17%, and direct profit down 12% [18] Market Data and Key Metrics Changes - The company reported a 22% increase in auction participants and a 12% increase in completed transactions year-over-year [8] - The company ended the fourth quarter with $155.5 million in cash and cash equivalents, maintaining zero debt [17] Company Strategy and Development Direction - The company aims to reach a $2 billion annual GMV milestone and $100 million in annual EBITDA within the next few years [12][32] - Key focus areas include increasing market share, expanding buyer base, modernizing the platform with AI tools, and executing bolt-on acquisitions [12][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for fiscal year 2025, citing solid improvement in key metrics as the year closed [19] - The company is well-positioned to capitalize on growth opportunities in the retail and public sector real estate markets [50][46] Other Important Information - The company celebrated its 25th anniversary, reflecting on its growth and commitment to sustainability [10][11] - Management highlighted the importance of leveraging past investments for future growth while making incremental investments in modernization [30] Q&A Session Summary Question: What segments are seeing the highest growth in participants? - Management noted broad-based expansion in the buyer base, particularly in the Retail and GovDeals segments, driven by the value of the marketplace [27][28] Question: Will there be continued investments for growth? - Management indicated that growth has leveraged prior investments, with incremental investments focused on modernization and efficiency improvements [30] Question: What is the timeframe for achieving the $2 billion GMV and $100 million EBITDA targets? - Management stated that the $2 billion GMV target is achievable within the next few years, with confidence in their market position and customer solutions [32][33] Question: Why are retailers expanding their relationships now? - Management attributed growth to their long-standing presence in the retail supply chain and the ability to offer a full range of solutions tailored to client needs [41][42] Question: What is the status of the real estate opportunity? - Management highlighted a record real estate sale and expressed optimism for growth in the public sector real estate market, viewing it as a significant opportunity [46][50]
Liquidity Services(LQDT) - 2024 Q4 - Annual Results
2024-12-12 12:00
Exhibit 99.1 LIQUIDITY SERVICES ANNOUNCES FOURTH QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS Record GMV and Market Share Expansion Cap Year of Innovation and Excellence Bethesda, MD - December 12, 2024 - Liquidity Services (NASDAQ:LQDT; www.liquidityservices.com), a leading global commerce company powering the circular economy, today announced its financial results for the quarter ended September 30, 2024, as compared to the corresponding prior year quarter: • Gross Merchandise Volume (GMV) of $361.0 million ...
Liquidity Services Announces Fourth Quarter Fiscal Year 2024 Financial Results
GlobeNewswire News Room· 2024-12-12 11:55
BETHESDA, Md., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT; www.liquidityservices.com), a leading global commerce company powering the circular economy, today announced its financial results for the quarter ended September 30, 2024, as compared to the corresponding prior year quarter: Gross Merchandise Volume (GMV) of $361.0 million, up 14%, and Revenue of $106.9 million, up 34%GAAP Net Income of $6.4 million, up $0.1 million, and GAAP Diluted Earnings Per Share (EPS) of $0.20Non-GAAP ...
Todd County to Hold First-Ever Online Tax Sale via Bid4Assets.com
GlobeNewswire News Room· 2024-12-11 20:00
LONG PRAIRIE, Minn., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Bid4Assets, the leading online marketplace for distressed real estate auctions, has been selected by the Todd County, Minnesota Auditor/Treasurer’s office to host its first-ever virtual tax forfeited properties sale. The sale currently consists of 17 properties with varying minimum bids and no reserve prices, meaning that the property will sell to the high bidder regardless of price. Bidding opens Monday, December 16 and closes Wednesday, January 15. By ...
Liquidity Services Announces Fourth Quarter Fiscal Year 2024 Earnings Conference Call
GlobeNewswire News Room· 2024-11-04 11:55
BETHESDA, Md., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its fourth quarter fiscal year 2024 results prior to market open on Thursday, December 12, 2024. 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-i ...
Major Oil and Gas Partner to Sell Drilling Rigs on AllSurplus Marketplace
GlobeNewswire News Room· 2024-09-04 20:23
BETHESDA, Md., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, has been selected by one of the largest oil and gas exploration and production companies in the U.S. to sell more than 30 Cameron, Watson Corsair, Rig Works, and Franks workover rigs and associated surplus assets in West Texas. The rigs are available through a sealed bid event that runs until September 12th, 2024 at 5:00 pm EDT on AllSurplus.com, the leading o ...
High-Value Energy Equipment Assets for El Dorado Gas and Oil to be Sold by AllSurplus and Tiger Group
GlobeNewswire News Room· 2024-08-23 20:24
BETHESDA, Md., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy and Tiger Group, a major asset valuation, advisory and disposition services provider, have announced the fifth auction in a series of court-ordered auctions related to the bankruptcy of national energy services firm El Dorado Gas & Oil (Bankruptcy Case No. 23-51715). More than 230 energy assets based in Three Rivers, Texas are currently available until August 28 ...
Pike County Sheriff's Office Conducting First-Ever Online Foreclosure Sales with Bid4Assets.com
GlobeNewswire News Room· 2024-08-13 12:30
MILFORD, Pa., Aug. 13, 2024 (GLOBE NEWSWIRE) -- The Pike County, Pennsylvania sheriff’s office has selected Bid4Assets, the leading online marketplace for government for conducting virtual, public real estate auctions, to host their first-ever online sheriff’s sales. “Utilizing the technology now available to sheriff’s offices across the state to take our foreclosures online is the right move for our county,” said Pike County Sheriff Kerry Welsh. “The simple fact is this opens bidding up to more residents a ...
Liquidity Services(LQDT) - 2024 Q3 - Earnings Call Transcript
2024-08-08 20:00
Liquidity Services, Inc. (NASDAQ:LQDT) Q2 2024 Results Conference Call August 8, 2024 10:30 AM ET Company Participants Michael Patrick - Investor Relations Bill Angrick - Chairman and Chief Executive Officer Jorge Celaya - Executive Vice President and Chief Financial Officer Conference Call Participants Gary Prestopino - Barrington Research George Sutton - Craig-Hallum Operator Welcome to the Liquidity Services Inc. Third Quarter of Fiscal Year 2024 Financial Results Conference Call. My name is Lauren Canno ...