Liquidity Services Q1 FY2024: GMV up 13% to $305.9M but revenue down 1%; net income falls to $1.9M

LIQUIDITY SERVICES INC

2024-Q1 EPS reported $0.06 revenue$71,325,000

GMV $305.9M (+13% YoY) driven by GovDeals (+18%) and CAG (+9%); revenue $71.3M (-1%).
GAAP net income $1.9M ($0.06 EPS) vs $4.0M ($0.12) prior year; Adjusted EBITDA $7.3M vs $9.8M.
Acquired Sierra Auction Management (Jan 1, 2024) to strengthen government/commercial vehicle and asset sales.
Q2 FY2024 guidance: GMV $320-$350M, GAAP EPS $0.09-$0.19, Adjusted EPS $0.17-$0.27.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LIQUIDITY SERVICES INC reported financial results for the quarter ended December 31, 2023.

Period: the quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On February 8, 2024, Liquidity Services, Inc. (the “Company”) announced its financial results for the quarter ended December 31, 2023.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

LIQUIDITY SERVICES INC filing history →

Source: SEC EDGAR

accession 0000950170-24-012535

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