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

moomoo AI ·  May 9 16:06  · 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: This article is generated by AI. The accuracy of the content can not be fully guaranteed. 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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