Liquidity Services Inc (LQDT) Q4 2024 Earnings Call Highlights: Record GMV and Revenue Growth ...

GuruFocus.com12-13

Annual GMV: $1.4 billion, up 14% year over year. Annual Revenue: $363 million, up 16% year over year. Annual GAAP Net Income: $20 million, up 9% on a non-GAAP adjusted basis. Annual Non-GAAP Adjusted ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLiquidity Services Inc (LQDT) Q4 2024 Earnings Call Highlights: Record GMV and Revenue Growth ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 15:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/liquidity-services-inc-lqdt-q4-070116531.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Annual GMV: $1.4 billion, up 14% year over year.\nAnnual Revenue: $363 million, up 16% year over year.\nAnnual GAAP Net Income: $20 million, up 9% on a non-GAAP adjusted basis.\nAnnual Non-GAAP Adjusted ...</p>\n\n<a href=\"https://finance.yahoo.com/news/liquidity-services-inc-lqdt-q4-070116531.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LQDT","symbol_name":"Liquidity Services","start_time":0,"source_url":"https://finance.yahoo.com/news/liquidity-services-inc-lqdt-q4-070116531.html","article_id":"2491314720","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/HB8a.d33G1M_1Z75fMpCEw--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/251adca56ec005202d2c118047f23202"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491314720","pubTimestamp":1734073276,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Annual GMV: $1.4 billion, up 14% year over year.Annual Revenue: $363 million, up 16% year over year.Annual GAAP Net Income: $20 million, up 9% on a non-GAAP adjusted basis.Annual Non-GAAP Adjusted EBITDA: $48.5 million, up 6% year over year.Q4 GMV: $361 million, up 14% from the same quarter last year.Q4 Revenue: $106.9 million, up 34% year over year.Q4 Non-GAAP Adjusted EPS: $0.32, up 23% year over year.Cash and Cash Equivalents: $155.5 million at the end of Q4.Debt: Zero debt with $17.5 million available borrowing capacity.Retail Segment Q4 GMV: Up 28% year over year.CAG Segment Q4 GMV: Down 2% year over year.CAG Segment Q4 Revenue: Down 17% year over year.Q1 FY 2025 GMV Guidance: $350 million to $385 million.Q1 FY 2025 Non-GAAP Adjusted EPS Guidance: $0.18 to $0.26.GuruFocus has detected 5 Warning Sign with LQDT.Liquidity Services Inc  achieved double-digit consolidated GMV growth in each quarter of fiscal year 2024, culminating in a record annual GMV of $1.4 billion.The company face","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LQDT":"Liquidity Services"},"translate_title":"Liquidity Services Inc(LQDT)2024年第四季度收益看涨期权亮点：创纪录的GMV和收入增长……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LQDT":1},"content_text":"Annual GMV: $1.4 billion, up 14% year over year.\nAnnual Revenue: $363 million, up 16% year over year.\nAnnual GAAP Net Income: $20 million, up 9% on a non-GAAP adjusted basis.\nAnnual Non-GAAP Adjusted EBITDA: $48.5 million, up 6% year over year.\nQ4 GMV: $361 million, up 14% from the same quarter last year.\nQ4 Revenue: $106.9 million, up 34% year over year.\nQ4 GAAP EPS: $0.20.\nQ4 Non-GAAP Adjusted EPS: $0.32, up 23% year over year.\nQ4 Non-GAAP Adjusted EBITDA: $14.5 million, up 13% year over year.\nOperating Cash Flow: $22 million in Q4.\nCash and Cash Equivalents: $155.5 million at the end of Q4.\nDebt: Zero debt with $17.5 million available borrowing capacity.\nRetail Segment Q4 GMV: Up 28% year over year.\nRetail Segment Q4 Revenue: Up 49% year over year.\nGovDeals Segment Q4 GMV: Up 14% year over year.\nGovDeals Segment Q4 Revenue: Up 26% year over year.\nCAG Segment Q4 GMV: Down 2% year over year.\nCAG Segment Q4 Revenue: Down 17% year over year.\nMachinio Q4 Revenue: Up 13% year over year.\nQ1 FY 2025 GMV Guidance: $350 million to $385 million.\nQ1 FY 2025 GAAP Net Income Guidance: $2.5 million to $5 million.\nQ1 FY 2025 Non-GAAP Adjusted EPS Guidance: $0.18 to $0.26.\nQ1 FY 2025 Non-GAAP Adjusted EBITDA Guidance: $9.5 million to $12.5 million.\n\n\nWarning! GuruFocus has detected 5 Warning Sign with LQDT.\n\nRelease Date: December 12, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nLiquidity Services Inc (NASDAQ:LQDT) achieved double-digit consolidated GMV growth in each quarter of fiscal year 2024, culminating in a record annual GMV of $1.4 billion.\nThe company reported a strong operating cash flow of over $22 million in the fourth quarter, showcasing the strength of its asset-light business model.\nThe RSCG segment set new quarterly records in GMV, revenue, and segment-directed profit, driven by expanded relationships with seller clients.\nLiquidity Services Inc (NASDAQ:LQDT) celebrated its 25th anniversary, marking significant growth and innovation over the years.\nThe company has set ambitious goals, including reaching a $2 billion annual GMV milestone and $100 million of annual EBITDA, with a focus on market share expansion, buyer base growth, and platform modernization.\n\n Negative Points \n\nThe CAG segment experienced a decline, with GMV down 2%, revenue down 17%, and segment direct profit down 12% in the fourth quarter.\nThe company's fiscal first quarter guidance reflects downward seasonality effects, potentially impacting results despite some higher top-line results sequentially.\nRetail segment direct profit as a percent of revenue is expected to be tempered year over year and sequentially relative to the fourth quarter of fiscal year 2024.\nReal estate opportunities, while promising, have not yet been fully capitalized on, with current results not significantly driven by this category.\nThe company faces challenges in maintaining profitability as operating expenses are expected to increase seasonally during the fiscal first quarter.\n\n Q & A Highlights \nQ: The growth from participants this quarter was strong. Which segments are seeing the highest growth in participants, and is the Sierra Auction acquisition driving this growth? A: The growth is broad-based, led by our Retail and GovDeals segments, not specifically driven by the Sierra Auction acquisition. Our marketplace's value is appreciated by both small business buyers and end consumers, who access used and returned goods at lower prices.\nQ: Are the investments made in the past sufficient to drive growth in fiscal 2025, or will there be additional investments? A: Our growth leverages past investments, with incremental investments in modernization to expand margins. We are using AI-driven functionality to improve asset descriptions, buyer matching, and the mobile experience, which will enhance buyer participation and recovery.\nQ: What is the timeframe for achieving the $2 billion GMV and $100 million EBITDA targets? A: We aim to reach the $2 billion GMV milestone within the next few years, possibly inside five years. Our solutions are valued by customers, and our competitive position supports this growth trajectory. The $100 million EBITDA milestone is attainable alongside GMV growth and non-GMV services expansion.\nQ: What is driving the current growth in the retail segment's GMV? A: Our long-standing presence in the retail supply chain and ability to offer a full range of solutions tailored to client needs are key drivers. Our large buyer base and expertise in managing returns and brand protection also contribute to growth.\nQ: Can you provide an update on the real estate opportunity and its potential impact on GMV? A: Public sector real estate is a growing opportunity, highlighted by a record $8 million asset sale. While not yet a large contributor, we expect real estate to expand in the next few years, supporting our growth to the $2 billion GMV milestone.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491314720"}