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Last $9.28 USD
Change Today -0.22 / -2.32%
Volume 223.8K
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

liquidity services inc (LQDT) Snapshot

Open
$9.48
Previous Close
$9.50
Day High
$9.48
Day Low
$9.05
52 Week High
07/7/14 - $15.88
52 Week Low
01/21/15 - $7.32
Market Cap
278.5M
Average Volume 10 Days
238.4K
EPS TTM
$0.22
Shares Outstanding
30.0M
EX-Date
--
P/E TM
43.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for LIQUIDITY SERVICES INC (LQDT)

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liquidity services inc (LQDT) Details

Liquidity Services Inc. operates an online auction marketplace for wholesale, surplus, and salvage assets primarily in the U.S. and Europe. The Washington-based company organizes products by industry, such as consumer electronics, general merchandise, apparel, scientific equipment, and aerospace parts and equipment, with some 500 categories in all. Its marketplaces provide professional buyers access to a supply of wholesale, surplus, and salvage assets, along with digital images, detailed product description, product manifest, relevant transaction history regarding the seller, shipping weights, product dimensions, and estimated shipping costs. The company runs liquidation.com for corporations and selected federal government agencies; govliquidation.com for selected government agencies; and liquibiz.com for European-based corporations and government agencies. It also operates a wholesale industry portal, goWholesale.com, that connects advertisers with buyers seeking products for resale and related business services. The company offers a suite of integrated sales, marketing, merchandising, fulfillment, payment collection, dispute mediation, and logistics services. The company was founded in 1999 as Liquidation.com.

1,345 Employees
Last Reported Date: 11/21/14
Founded in 1999

liquidity services inc (LQDT) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $400.0K
Chief Financial Officer, Treasurer and Presid...
Total Annual Compensation: $330.4K
Executive Vice President of Federal Sector
Total Annual Compensation: $315.5K
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $309.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $295.0K
Compensation as of Fiscal Year 2014.

liquidity services inc (LQDT) Key Developments

Liquidity Services Announces Contract Extension for U.S. Department of Defense Scrap Property Sales

Liquidity Services announced it has been awarded a contract extension by the U.S. Defense Logistics Agency (DLA) for its Scrap Property sales contract (Scrap Contract). Through this amendment, the performance period has been extended by a base term of nine months with three three-month additional option periods, commencing on June 9, 2015. During this period, Liquidity Services will continue to serve as the sales channel for the disposition of DLA scrap property that is approved for public sale. Additional modifications have been made to the principal terms of the contract including: contract pricing will be adjusted to reflect a 65% profit sharing distribution to the DLA. The DLA may elect to terminate portions of the contract by location with a 90-day notification required no sooner than February 1, 2016. The DLA may elect to terminate portions of the contract by certain commodity categories with a 60-day notification required no sooner than October 1, 2015. Under the Scrap Contract, Liquidity Services manages the receipt, storage, marketing and disposition of virtually all scrap property generated by DoD installations throughout the continental United States, Alaska, Hawaii, Puerto Rico and Guam including: base materials and scrap metals like ferrous and non-ferrous metals, nickel alloy, electronic scrap, rubber, paper and in rare occasions, compost, cooking grease, and recycled asphalt.

Liquidity Services Announces New Partnership with the Machinery Dealers National Association

Liquidity Services announced a new partnership with the Machinery Dealers National Association. Through the partnership, MDNA members gain preferred access to Liquidity Services’ valuable online marketplace and proprietary AssetZone asset management solution, to inventory, redeploy, and/or sell their surplus equipment. The online auctions will be regularly scheduled events. Bidding for the MDNA equipment in the first auction opens on June 15, 2015.

Liquidity Services, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Provides Capital Expenditure Guidance for the Full Year of 2015

Liquidity Services, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported total revenue of $102,943,000 against $128,329,000 a year ago. Income from operations was $3,811,000 against income from operations of $9,463,000 a year ago. Income before provision for income taxes was $3,772,000 against income before provision for income taxes of $9,384,000 a year ago. Net income was $1,381,000 or $0.05 per diluted share against net income of $5,631,000 or $0.17 per diluted share a year ago. Net cash provided by operating activities was $15,880,000 against $4,115,000 a year ago. Purchases of property and equipment were $3,483,000 against $2,272,000 a year ago. Adjusted EBITDA was $8,615,000 against $16,701,000 a year ago, decreased 48.4%, primarily due to the decrease in commercial capital asset marketplaces and product mix changes in DoD Surplus contracts. Adjusted net income was $2,410,000 or $0.08 per diluted share against $8,517,000 or $0.26 per diluted share a year ago. For the six months, the company reported total revenue of $228,086,000 against $250,277,000 a year ago. Loss from operations was $81,185,000 against income from operations of $21,306,000 a year ago. Loss before provision for income taxes was $81,262,000 against income before provision for income taxes of $21,206,000 a year ago. Net loss was $62,735,000 or $2.09 per diluted share against net income of $12,724,000 or $0.39 per diluted share a year ago. Net cash provided by operating activities was $28,944,000 against $9,057,000 a year ago. Purchases of property and equipment were $5,095,000 against $4,950,000 a year ago. Adjusted EBITDA was $25,662,000 against $36,709,000 a year ago. Adjusted net income was $16,674,000 or $0.56 per diluted share against $18,952,000 or $0.58 per diluted share a year ago. For the third quarter of 2015, the company expects adjusted EBITDA to range from $4.0 million to $6.0 million. The company estimates adjusted earnings per diluted share to range from $0.05 to $0.10. For the fiscal year of 2015, the company expects capital expenditure to be between $8 million to $9 million.

 

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Price/Book 1.1x
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TEV/Sales 0.4x
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