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Earnings Call Summary | Liquidity Services(LQDT.US) Q2 2024 Earnings Conference

Futu News ·  May 10 04:06  · Conference Call

The following is a summary of the Liquidity Services, Inc. (LQDT) Q2 2024 Earnings Call Transcript:

Financial Performance:

  • Liquidity Services saw a significant increase in earnings per share and adjusted EBITDA in Q2.

  • Operating cash flow was $34.8 million with a total of $117 million in cash and short-term investments.

  • There was a 13% year-on-year growth in gross merchandise volume to $319.4 million and a 12% increase in revenue to $91.5 million.

  • GAAP earnings per share and non-GAAP earnings per share both saw substantial year-on-year increases.

Business Progress:

  • The company saw growth in market shares, buyer participation and completed transactions.

  • Liquidity Services expanded its recurring heavy equipment seller base and acquired Sierra Auction to grow its presence in the Southwest United States.

  • Significant improvements were made in its Machinio and retail supply chain group segments, driving record revenue, customer counts, and GMV.

More details: Liquidity Services IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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