Last $14.91 USD
Change Today -0.125 / -0.83%
Volume 17.9K
LQDT On Other Exchanges
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As of 10:25 AM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

liquidity services inc (LQDT) Snapshot

Open
$14.99
Previous Close
$15.03
Day High
$14.99
Day Low
$14.82
52 Week High
09/12/13 - $38.31
52 Week Low
05/8/14 - $12.05
Market Cap
441.7M
Average Volume 10 Days
282.2K
EPS TTM
$0.92
Shares Outstanding
29.7M
EX-Date
--
P/E TM
16.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for LIQUIDITY SERVICES INC (LQDT)

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liquidity services inc (LQDT) Details

Liquidity Services Inc. operates an online auction marketplace for wholesale, surplus, and salvage assets primarily in the U.S. and Europe. The Washington-based company organizes products by industry, such as consumer electronics, general merchandise, apparel, scientific equipment, and aerospace parts and equipment, with some 500 categories in all. Its marketplaces provide professional buyers access to a supply of wholesale, surplus, and salvage assets, along with digital images, detailed product description, product manifest, relevant transaction history regarding the seller, shipping weights, product dimensions, and estimated shipping costs. The company runs liquidation.com for corporations and selected federal government agencies; govliquidation.com for selected government agencies; and liquibiz.com for European-based corporations and government agencies. It also operates a wholesale industry portal, goWholesale.com, that connects advertisers with buyers seeking products for resale and related business services. The company offers a suite of integrated sales, marketing, merchandising, fulfillment, payment collection, dispute mediation, and logistics services. The company was founded in 1999 as Liquidation.com.

1,302 Employees
Last Reported Date: 11/21/13
Founded in 1999

liquidity services inc (LQDT) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $600.0K
Chief Financial Officer, Treasurer and Presid...
Total Annual Compensation: $320.8K
Executive Vice President and President of Cap...
Total Annual Compensation: $306.3K
Executive Vice President, General Counsel and...
Total Annual Compensation: $267.8K
Chief Information Officer
Total Annual Compensation: $271.2K
Compensation as of Fiscal Year 2013.

liquidity services inc (LQDT) Key Developments

Brower Piven Announces Commencement of Class Action Lawsuit Against Liquidity Services, Inc

Brower Piven, A Professional Corporation, announced that a class action lawsuit has been commenced in the United States District Court for the District of Columbia on behalf of all persons who purchased or otherwise acquired the common stock of Liquidity Services, Inc. during the period between February 1, 2012 through May 7, 2014, inclusive. The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period the impact of mix changes in the Company's Department of Defense surplus and retail businesses, delayed capital asset projects in both the U.S. and Europe and unusual softness in the Company's energy vertical due to an industry-wide decline in line pipe and related equipment. According to the complaint, following the Company's May 7, 2014 announcement that the Company suffered heavy, unforeseen losses and was forced to drastically reduce its guidance for gross merchandise volume, Adjusted EBITDA and Adjusted Diluted earnings per share, the value of Liquidity shares declined significantly.

Liquidity Services, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014; Revised Earnings Guidance for the Full Year 2014

Liquidity Services, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, total revenue was $126,965,000 compared to $124,199,000 for the same period last year. Income from operations was $28,588,000 compared to $18,869,000 for the same period last year. Income before provision for income taxes was $28,391,000 compared to $18,813,000 for the same period last year. Net income was $18,373,000 compared to $11,288,000 for the same period last year. EBITDA was $23,260,000 compared to $28,786,000 for the same period last year. Diluted earnings per common share were $0.59 per share compared to $0.36 per share for the same period last year. Adjusted net income was $9,444,000 compared to $14,277,000 for the same period last year. Adjusted EBITDA was $17,250,000 compared to $26,426,000 for the same period last year. Adjusted diluted earnings per share were $0.31 per share compared to $0.44 for the same period last year. Net cash used in operating activities was $3,962,000 compared to net cash provided by operating activities of $6,409,000 for the same period last year. Purchases of property and equipment were $1,544,000 compared to $1,388,000 for the same period last year. For the nine months, total revenue was $296,697,000 compared to $307,202,000 for the same period last year. Income from operations was $49,894,000 compared to $50,745,000 for the same period last year. Income before provision for income taxes was $49,597,000 compared to $51,517,000 for the same period last year. Net income was $31,097,000 compared to $30,695,000 for the same period last year. EBITDA was $63,720,000 compared to $83,968,000 for the same period last year. Diluted earnings per common share were $0.98 per share compared to $0.94 per share for the same period last year. Adjusted net income was $28,954,000 compared to $43,597,000 for the same period last year. Adjusted EBITDA was $53,959,000 compared to $79,775,000 for the same period last year. Adjusted diluted earnings per share were $0.91 per share compared to $1.34 for the same period last year. Net cash provided by operating activities was $5,095,000 compared to $16,825,000 for the same period last year. Purchases of property and equipment were $6,494,000 compared to $3,909,000 for the same period last year. The company expect GMV for fiscal year 2014 to range from $913 million to $938 million, which is a decrease from previous guidance range of $930 million to $975 million. The company expects adjusted EBITDA for fiscal year 2014 to range from $63 million to $66 million, which is a decrease from previous guidance range of $70 million to $80 million. The company estimate adjusted earnings per diluted share for fiscal year 2014 to range from $1.00 to $1.06, which is a decrease from previous guidance range of $1.10 to $1.27. The company expected capital expenditures to be between $7 million to $8 million for fiscal 2014. The company expect GMV for fourth quarter 2014 to range from $205 million to $230 million. The company expects adjusted EBITDA for fourth quarter 2014 to range from $9.0 million to $12.0 million. The company expects adjusted earnings per diluted share to be $0.13 to $0.19.

Liquidity Services Mulls Acquisitions

Liquidity Services, Inc. (NasdaqGS:LQDT) is seeking acquisitions. Bill Angrick, Chairman and Chief Executive Officer, said, "We have a very well-documented pipeline of acquisition ideas and candidates."

 

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LQDT

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Valuation LQDT Industry Range
Price/Earnings 11.6x
Price/Sales 0.9x
Price/Book 1.4x
Price/Cash Flow 7.6x
TEV/Sales 0.8x
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