LIQUIDITY SERVICES INC
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 8, 2024
LQDT$44.92+2.9%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
(Dollars in Thousands, Except Par Value)
| December 31, 2023 | September 30, 2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $98,557 | $110,281 |
| Short-term investments | 8,480 | 7,891 |
| Accounts receivable, net of allowance for doubtful accounts of $1,518 and $1,424 | 7,745 | 7,848 |
| Inventory, net | 14,465 | 11,116 |
| Prepaid taxes and tax refund receivable | 1,426 | 1,783 |
| Prepaid expenses and other current assets | 7,290 | 7,349 |
| Total current assets | 137,963 | 146,268 |
| Property and equipment, net | 16,774 | 17,156 |
| Operating lease assets | 9,052 | 9,888 |
| Intangible assets, net | 11,612 | 12,457 |
| Goodwill | 89,627 | 89,388 |
| Deferred tax assets | 6,439 | 7,050 |
| Other assets | 6,958 | 6,762 |
| Total assets | $278,425 | $288,970 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $32,389 | $39,115 |
| Accrued expenses and other current liabilities | 17,413 | 23,809 |
| Current portion of operating lease liabilities | 4,009 | 4,101 |
| Deferred revenue | 4,474 | 4,701 |
| Payables to sellers | 48,811 | 48,992 |
| Total current liabilities | 107,096 | 120,718 |
| Operating lease liabilities | 5,828 | 6,581 |
| Other long-term liabilities | 122 | 137 |
| Total liabilities | 113,046 | 127,436 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value; 120,000,000 shares authorized; 36,189,758 shares issued and outstanding at December 31, 2023; 36,142,346 shares issued and outstanding at September 30, 2023 | 36 | 36 |
| Additional paid-in capital | 268,096 | 265,945 |
| Treasury stock, at cost; 5,501,737 shares at December 31, 2023, and 5,433,045 shares at September 30, 2023 | (85,202) | (84,031) |
| Accumulated other comprehensive loss | (9,500) | (10,457) |
| Accumulated deficit | (8,051) | (9,958) |
| Total stockholders’ equity | 165,379 | 161,533 |
| Total liabilities and stockholders’ equity | $278,425 | $288,970 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.