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Last $7.54 USD
Change Today +0.08 / 1.07%
Volume 330.9K
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

liquidity services inc (LQDT) Snapshot

Open
$7.34
Previous Close
$7.46
Day High
$7.74
Day Low
$7.34
52 Week High
09/8/14 - $15.32
52 Week Low
08/24/15 - $7.01
Market Cap
226.4M
Average Volume 10 Days
549.6K
EPS TTM
$0.07
Shares Outstanding
30.0M
EX-Date
--
P/E TM
114.1x
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
President of Retail Supply Chain Group
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, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015; Provides Earnings Guidance for the Fourth Quarter of 2015

Liquidity Services, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, total revenue was $89,746,000 compared to $126,965,000 for the same period last year. Loss from operations was $6,000 compared to income from operations of $28,588,000 for the same period last year. Income before provision for income taxes was $14,000 compared to $28,391,000 for the same period last year. Net income was $1,615,000 compared to $18,373,000 for the same period last year. Diluted earnings per common share were $0.05 per share compared to $0.59 per share for the same period a year ago. Net cash provided by operating activities was $10,601,000 compared to net cash used in operating activities of $3,962,000 for the same period last year. Purchases of property and equipment were $276,000 compared to $1,544,000 for the same period last year. Adjusted net income was $4,246,000 or $0.14 diluted earnings per common share compared to $9,444,000 or $0.31 diluted earnings per common share for the same period last year. EBITDA was $2,038,000 compared to $32,864,000 for the same period last year. Adjusted EBITDA was $5,537,000 compared to $17,250,000 for the same period last year. Adjusted EBITDA decreased 67.9%, mostly due to the decrease in the commercial marketplaces and product mix changes in the DoD Surplus contract. For the nine months, total revenue was $317,832,000 compared to $377,242,000 for the same period last year. Loss from operations was $81,191,000 compared to income from operations of $49,894,000 for the same period last year. Loss before provision for income taxes was $81,276,000 compared to income before provision for income taxes of $49,597,000 for the same period last year. Net loss was $61,120,000 compared to net income of $31,097,000 for the same period last year. Diluted loss per common share was $2.04 per share compared to diluted earnings per common share of $0.98 per share for the same period a year ago. Net cash provided by operating activities was $39,545,000 compared to $5,095,000 for the same period last year. Purchases of property and equipment were $5,371,000 compared to $6,494,000 for the same period last year. Adjusted net income was $18,863,000 or $0.63 diluted earnings per common share compared to $28,954,000 or $0.91 diluted earnings per common share for the same period last year. LBITDA was $73,950,000 compared to EBITDA of $62,826,000 for the same period last year. Adjusted EBITDA was $31,199,000 compared to $53,959,000 for the same period last year. Year-over-year results through calendar 2015 will continue to reflect the loss of the rolling stock portion of the Department of Defense contract and the termination of the Jacobs Trading Wal-Mart contract. Fourth quarter, the company expects GMV for fourth quarter of 2015 to range from $150 million to $175 million. The company expects Adjusted EBITDA to range from $1.0 million to $2.0 million. estimate adjusted earnings per diluted share for fourth quarter of 2015 to range from $0 to $0.02.

Liquidity Services, Inc. Announces Executive Changes

Liquidity Services appointed Jorge Celaya as chief financial officer, effective August 10, 2015. Celaya will serve as a member of the company's executive leadership team. Celaya brings to Liquidity Services over 25 years of experience. Celaya will succeed Jim Rallo who will focus solely on his previously announced role as president of Liquidity Services' Retail Supply Chain Group. Prior to joining the company, Celaya was co-founder of Avanz Capital.

Liquidity Services Receives Three Month Contract Extension for U.S. Department of Defense Surplus Property Sales

Liquidity Services, Inc. announced that the Defense Logistics Agency (DLA) has determined it is in the best interest of the Government to extend the remaining three 30-day option periods under its Surplus sales contract (Surplus Contract) for the disposition of usable surplus property from the U.S. Department of Defense. Through this unilateral contract amendment, the current Surplus Contract’s performance period has been extended through November 14, 2015. During this period, the U.S. Department of Defense (DoD) will continue to use Liquidity Services as the primary sales channel for the disposition of surplus property. Under the terms of the Surplus Contract extension, Liquidity Services manages the receipt, storage, marketing, and disposition of all usable non-rolling stock surplus personal property generated by DoD installations throughout the United States and its territories. All other terms, including pricing, remain consistent with the prior Surplus Contract.

 

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