LIQUIDITY SERVICES INC
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 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)
| June 30, 2024 | September 30, 2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $130,312 | $110,281 |
| Short-term investments | 6,486 | 7,891 |
| Accounts receivable, net of allowance for doubtful accounts of $1,710 and $1,424 | 8,823 | 7,848 |
| Inventory, net | 13,275 | 11,116 |
| Prepaid taxes and tax refund receivable | 1,650 | 1,783 |
| Prepaid expenses and other current assets | 12,679 | 7,349 |
| Total current assets | 173,225 | 146,268 |
| Property and equipment, net | 17,047 | 17,156 |
| Operating lease assets | 13,289 | 9,888 |
| Intangible assets, net | 14,860 | 12,457 |
| Goodwill | 97,565 | 89,388 |
| Deferred tax assets | 2,733 | 7,050 |
| Other assets | 6,819 | 6,762 |
| Total assets | $325,538 | $288,970 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $40,877 | $39,115 |
| Accrued expenses and other current liabilities | 27,803 | 23,809 |
| Current portion of operating lease liabilities | 5,213 | 4,101 |
| Deferred revenue | 4,905 | 4,701 |
| Payables to sellers | 64,453 | 48,992 |
| Total current liabilities | 143,251 | 120,718 |
| Operating lease liabilities | 10,226 | 6,581 |
| Other long-term liabilities | 91 | 137 |
| Total liabilities | 153,568 | 127,436 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value; 120,000,000 shares authorized; 36,525,606 shares issued and outstanding at June 30, 2024; 36,142,346 shares issued and outstanding at September 30, 2023 | 36 | 36 |
| Additional paid-in capital | 271,825 | 265,945 |
| Treasury stock, at cost; 5,997,932 shares at June 30, 2024, and 5,433,045 shares at September 30, 2023 | (93,482) | (84,031) |
| Accumulated other comprehensive loss | (10,067) | (10,457) |
| Retained earnings (accumulated deficit) | 3,658 | (9,958) |
| Total stockholders’ equity | 171,970 | 161,533 |
| Total liabilities and stockholders’ equity | $325,538 | $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.