secwatch.observer — SEC 8-K summary
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Issuer:     LIQUIDITY SERVICES INC (LQDT)
CIK:        0001235468
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000950170-24-012535
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1235468/000095017024012535/0000950170-24-012535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1235468/000095017024012535/lqdt-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-012535

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer