Liquidity Services reports strong Q4 results, posting 34% revenue growth and strong cash position

Grafa2024-12-12

Liquidity Services (NASDAQ:LQDT) delivered impressive financial results for its fourth quarter ending September 30, 2024.

The company’s Gross Merchandise Volume (GMV) rose 14% year-over-year to reach $361 million, reflecting strong demand for its online marketplace services.

Revenue surged 34%, climbing to $106.9 million, driven by increased transaction volume and expanded market presence.

Despite a challenging economic environment, Liquidity Services reported steady profitability.

The company’s GAAP net income increased slightly to $6.4 million, resulting in a GAAP diluted earnings per share (EPS) of $0.20.

On a non-GAAP basis, the company’s adjusted EBITDA reached $14.5 million, up 13% compared to the same quarter last year.

Non-GAAP adjusted EPS also saw a healthy increase, rising 23% to $0.32.

Liquidity Services further demonstrated its financial strength with cash balances of $155.5 million and zero financial debt, positioning the company well for future growth and strategic initiatives.

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