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Last $9.57 USD
Change Today +0.14 / 1.48%
Volume 163.0K
As of 8:10 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

liquidity services inc (LQDT) Snapshot

Open
$9.44
Previous Close
$9.43
Day High
$9.76
Day Low
$9.38
52 Week High
05/6/14 - $18.00
52 Week Low
01/21/15 - $7.32
Market Cap
286.9M
Average Volume 10 Days
176.4K
EPS TTM
$0.34
Shares Outstanding
30.0M
EX-Date
--
P/E TM
28.3x
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

Hallmark Cards, Inc. Selects Liquidity Services, Inc. to Conduct Private Treaty Event for Equipment Considered Surplus to Ongoing Operations for Hallmark

Liquidity Services, Inc. has been selected by Hallmark Cards, Inc. to conduct a private treaty event for equipment considered surplus to ongoing operations for Hallmark. The assets consist mostly of industrial manufacturing equipment from Hallmark's existing Party Supply Manufacturing division at their facility in Leavenworth, Kansas, USA. Liquidity Services GoIndustry DoveBid marketplace allows professional buyers to acquire quality used industrial manufacturing and plant support equipment from any location around the globe. Bidders can evaluate available equipment from an online platform and then purchase assets via the regularly scheduled industry marketplace auction from top companies like Hallmark.

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

Liquidity Services, Inc. announced that the Defense Logistics Agency (DLA) has awarded Liquidity Services a six-month contract extension plus three 30-day option periods, exercisable by the DLA, for its surplus contract. The contract performance period begins on February 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.

Liquidity Services, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014; Reports Impairments for the First Quarter Ended December 31, 2014; Provides Earnings Guidance for the Second Quarter of Fiscal 2015 and Capex Guidance for the Full Year of Fiscal 2015

Liquidity Services, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported revenue of $98,163,000 against $93,470,000 a year ago. Total revenue was $125,143,000 against $121,948,000 a year ago. Loss from operations was $84,996,000 against income from operations of $11,843,000 a year ago. Loss before provision for income taxes was $85,034,000 against income before provision for income taxes of $11,822,000 a year ago. Net loss was $64,116,000 or $2.14 per diluted share against net income of $7,093,000 or $0.22 per diluted share a year ago. Net cash provided by operating activities was $13,065,000 against $4,942,000 a year ago. Purchases of property and equipment were $1,612,000 against $2,678,000 a year ago. EBITDA loss was $81,793,000 against EBITDA of $16,254,000 a year ago. Adjusted EBITDA was $17,047,000 against $20,008,000 a year ago. Adjusted net income was $11,322,000 or $0.38 per diluted share against $10,435,000 or $0.32 per diluted share a year ago. Increase in intangibles was $3,000. Adjusted net income and adjusted EPS benefitted from company's 24.6% tax rate due to the tax benefit realized from goodwill impairment. The company reported impairment of goodwill and long-lived assets of $96,238,000 for the first quarter ended December 31, 2014. The company provided earnings guidance for the second quarter of fiscal 2015. For the quarter, 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. The second quarter guidance adjusts EBITDA and diluted EPS for stock based compensation costs, which the company estimates to be approximately $3.5 million to $4.0 million. The company expected capital expenditures to be $8 million to $9 million for fiscal 2015. The company expects future tax rate to range between 38% to 40%.

 

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LQDT

Industry Average

Valuation LQDT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.4x
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