Stock Track | Liquidity Services Surges 5.11% as Q4 Results Beat Expectations, Underpinned by Record Growth

Stock Track2024-12-13

Liquidity Services (LQDT) stock soared 5.11% in Friday's intraday trading session, following the company's impressive fourth-quarter and full-year 2024 financial results. The surge came as the company reported record annual gross merchandise volume (GMV) of $1.4 billion, up 14% year-over-year, with each of its segments delivering double-digit GMV growth.

The company's revenue grew 16% to $363 million, driven by strong performance in its Retail and GovDeals segments. The Retail segment saw a 28% increase in GMV and a 49% jump in revenue, fueled by expanded relationships with seller clients and growth in purchase programs. The GovDeals segment achieved a 14% increase in GMV and a 26% rise in revenue, thanks to new seller acquisitions and service expansion.

Liquidity Services reported a GAAP net income of $20 million, up 9% on a non-GAAP adjusted basis. The company's non-GAAP adjusted EBITDA stood at $48.5 million, up 6% year-over-year, showcasing its robust profitability and operational efficiency.

Looking ahead, Liquidity Services has set ambitious goals, aiming to reach a $2 billion annual GMV milestone and $100 million in annual EBITDA. To achieve these targets, the company plans to focus on increasing market share, expanding its buyer base, modernizing its platform with new technologies like AI, and executing complementary acquisitions.

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