LIQUIDITY SERVICES INC

For the period ended Mar 31, 2024. Filed May 9, 2024.

About this filing

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.

Mar 31, 2024 · Filed May 9, 2024

LQDT$44.92+2.9%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

(Dollars in Thousands, Except Per Share Data)

	Three Months Ended March 31,		Six Months Ended March 31,
	2024	2023	2024	2023
Purchase revenues	$53,105	$47,273	$89,330	$85,907
Consignment and other fee revenues	38,348	34,180	$73,448	67,829
Total revenue	91,453	81,453	162,778	153,736
Costs and expenses from operations:
Cost of goods sold (excludes depreciation and amortization)	44,222	40,366	75,748	72,139
Technology and operations	15,526	14,791	29,764	29,495
Sales and marketing	14,195	11,854	27,176	22,644
General and administrative	7,658	6,404	15,242	13,789
Depreciation and amortization	3,195	2,803	6,098	5,567
Other operating expenses (income), net	62	(11)	507	129
Total costs and expenses	84,858	76,207	154,535	143,763
Income from operations	6,595	5,246	8,243	9,973
Interest and other income, net	(601)	(572)	(1,743)	(961)
Income before provision for income taxes	7,196	5,818	9,986	10,934
Provision for income taxes	1,487	1,573	2,369	2,723
Net income	$5,709	$4,245	$7,617	$8,211
Basic income per common share	$0.19	$0.14	$0.25	$0.26
Diluted income per common share	$0.18	$0.13	$0.24	$0.25
Basic weighted average shares outstanding	30,498,127	31,305,214	30,552,094	31,562,988
Diluted weighted average shares outstanding	31,459,066	32,124,188	31,677,685	32,544,953

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.