Executive Summary & Q4 FY2024 Highlights [Q4 FY2024 Financial Performance Overview](index=1&type=section&id=Q4%20FY2024%20Financial%20Performance%20Overview) Q4 FY2024 showed significant growth in GMV, Revenue, Net Income, and Adjusted EBITDA and EPS | Metric | Q4 FY2024 | Q4 FY2023 | Change (%) | | :----------------------- | :---------- | :---------- | :--------- | | Gross Merchandise Volume (GMV) | $361.0 million | $315.6 million | 14% | | Revenue | $106.9 million | $80.0 million | 34% | | GAAP Net Income | $6.4 million | $6.3 million | 1.6% | | GAAP Diluted EPS | $0.20 | $0.20 | 0% | | Non-GAAP Adjusted EBITDA | $14.5 million | $12.8 million | 13% | | Non-GAAP Adjusted EPS | $0.32 | $0.26 | 23% | | Cash balances | $155.5 million | N/A | N/A | [CEO Commentary & Strategic Vision](index=1&type=section&id=CEO%20Commentary%20%26%20Strategic%20Vision) CEO highlighted Q4 FY2024 as a successful year, achieving record annual GMV of **$1.4 billion** and expanding market share - Achieved double-digit consolidated GMV growth in each quarter throughout FY2024, culminating in a record annual GMV of **$1.4 billion**[1](index=1&type=chunk) - Grew auction participants by **22%** and completed transactions by **12%** during the quarter, indicating enhanced network effects in the two-sided marketplace platform[1](index=1&type=chunk) - RSCG segment set new quarterly records in GMV, revenue, and segment direct profit, while GovDeals delivered robust double-digit growth and Machinio achieved another quarterly revenue record[2](index=2&type=chunk) - Celebrated **25th anniversary**, reflecting on growth, innovation, and commitment to sustainability as a leading global e-commerce company powering the circular economy[3](index=3&type=chunk) - Future strategy focuses on scalable marketplace technology, broad services, diversified client base, organic growth, and acquisition opportunities to drive continued growth and industry leadership[4](index=4&type=chunk) [Recent Business Highlights](index=1&type=section&id=Recent%20Business%20Highlights) Recent highlights include RSCG's Indianapolis expansion, GovDeals' largest auction, and CAG's diverse global sales - RSCG relocated and expanded its Indianapolis operations to accommodate increased supply, enhance customer experience, and reaffirm sustainability commitment[5](index=5&type=chunk) - GovDeals successfully conducted its largest auction, selling the historic Wainwright State Office Building for **$8.3 million**[5](index=5&type=chunk) - CAG executed diverse global sales, from oil-and-gas machinery in the U.S. to dairy processing equipment in Indonesia[5](index=5&type=chunk) Fourth Quarter Financial Performance [Consolidated Financial Results](index=1&type=section&id=Consolidated%20Financial%20Results) Q4 FY2024 GMV increased **14%** and revenue **34%**, with Net Income up and Adjusted EBITDA and EPS growing | Metric | Q4 FY2024 (in millions) | Q4 FY2023 (in millions) | YoY Change (%) | | :----------------------- | :---------------------- | :---------------------- | :------------- | | GMV | $361.0 | $315.6 | 14% | | Revenue | $106.9 | $80.0 | 34% | | GAAP Net Income | $6.4 | $6.3 | 1.6% | | GAAP Diluted EPS | $0.20 | $0.20 | 0% | | Non-GAAP Adjusted EBITDA | $14.5 | $12.8 | 13% | | Non-GAAP Adjusted EPS | $0.32 | $0.26 | 23% | - Consignment sales represented **82%** of consolidated GMV for Q4 FY2024[6](index=6&type=chunk) [Segment-Specific GMV Performance](index=1&type=section&id=Segment-Specific%20GMV%20Performance) RSCG and GovDeals achieved significant GMV growth, with RSCG setting a new record, while CAG saw a slight decrease - RSCG segment GMV increased **28%** to a new quarterly record of **$95.5 million**, driven by expanded purchase programs and sell-in-place consignment solutions[6](index=6&type=chunk) - GovDeals segment GMV increased **14%**, fueled by new seller acquisition, service expansion, and strong performance in vehicle and heavy equipment categories[6](index=6&type=chunk) - CAG segment GMV decreased **2%**, as increased consignment sales were offset by lower availability of large spot purchase transactions with international clients[6](index=6&type=chunk) [Segment-Specific Revenue Performance](index=2&type=section&id=Segment-Specific%20Revenue%20Performance) RSCG and GovDeals showed strong revenue growth, with RSCG's increase driven by purchase programs and GovDeals benefiting from higher take-rates, while Machinio also grew revenue - RSCG segment revenue increased **49%** to a new quarterly record of **$73.7 million**, reflecting a mix shift towards purchase programs[7](index=7&type=chunk) - GovDeals segment revenue increased **26%**, attributed to overall GMV growth and a higher blended revenue take-rate from expanded service offerings[7](index=7&type=chunk) - Machinio segment revenue increased **13%** due to increased subscriptions and pricing for its Advertising and System subscription services[7](index=7&type=chunk) - CAG segment revenue decreased **17%**, consistent with the lower GMV from large spot purchase transactions[7](index=7&type=chunk) [Profitability Metrics](index=2&type=section&id=Profitability%20Metrics) Profitability metrics reflected increased top-line performance, with GAAP Net Income slightly up and Non-GAAP Adjusted Net Income and EBITDA showing stronger growth, despite increased operating expenses - GAAP Net Income for Q4 FY2024 was **$6.4 million**, a slight increase from **$6.3 million** in the prior year, with GAAP Diluted EPS remaining at **$0.20**[8](index=8&type=chunk) - Non-GAAP Adjusted Net Income increased to **$10.2 million** (**$0.32** per share) from **$8.4 million** (**$0.26** per share) in Q4 FY2023[8](index=8&type=chunk) - Non-GAAP Adjusted EBITDA rose to **$14.5 million**, a **$1.7 million** increase from **$12.8 million** in Q4 FY2023[8](index=8&type=chunk) - Q4 FY2024 GAAP Net Income included a **$1.9 million** increase in stock compensation expense due to variable performance-based stock awards[8](index=8&type=chunk) [Capital Allocation & Share Repurchase](index=2&type=section&id=Capital%20Allocation%20%26%20Share%20Repurchase) The Board authorized an additional **$10.0 million** for share repurchases through December 31, 2026, supplementing the existing **$7.6 million** authorization, aligning with business growth priorities - Board authorized repurchase of up to **$10.0 million** of common stock through December 31, 2026[9](index=9&type=chunk) - This is in addition to **$7.6 million** remaining under a prior authorization through December 31, 2025[9](index=9&type=chunk) - The repurchase program is consistent with the Company's capital allocation strategy of prioritizing investment to grow the business over the long term[9](index=9&type=chunk) Fourth Quarter Segment Financial Results (Detailed) [GovDeals Segment](index=3&type=section&id=GovDeals%20Segment) The GovDeals segment demonstrated strong growth in Q4 FY2024, with GMV increasing by **14%** and total revenue by **26%**, alongside segment direct profit growth | Metric | Q4 FY2024 (in thousands) | Q4 FY2023 (in thousands) | YoY Change (%) | | :------------------------------------- | :----------------------- | :----------------------- | :------------- | | GMV | $210,002 | $184,100 | 14% | | Total revenue | $20,173 | $16,054 | 26% | | Segment direct profit | $18,745 | $15,238 | 23% | | Segment direct profit as a % of revenue | 92.9% | 94.9% | -2.0 pp | [RSCG Segment](index=3&type=section&id=RSCG%20Segment) RSCG segment achieved significant GMV and revenue growth in Q4 FY2024, with GMV up **28%** and revenue up **49%**, driven by expanded purchase programs | Metric | Q4 FY2024 (in thousands) | Q4 FY2023 (in thousands) | YoY Change (%) | | :------------------------------------- | :----------------------- | :----------------------- | :------------- | | GMV | $95,538 | $74,661 | 28% | | Total revenue | $73,704 | $49,561 | 49% | | Segment direct profit | $18,395 | $17,505 | 5% | | Segment direct profit as a % of revenue | 25.0% | 35.3% | -10.3 pp | - The increase in RSCG's overall GMV and revenue was driven by broader expansions in purchase programs relative to consignment programs, leading to a lower segment direct profit as a percentage of revenue[7](index=7&type=chunk) [CAG Segment](index=3&type=section&id=CAG%20Segment) The CAG segment experienced a slight decline in GMV and revenue in Q4 FY2024, primarily due to lower availability of large spot purchase transactions, despite an increase in segment direct profit margin

BETHESDA, Md., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT; www.liquidityservices.com), a leading global commerce company powering the circular economy, today announced its financial results for the quarter ended September 30, 2024, as compared to the corresponding prior year quarter: Gross Merchandise Volume (GMV) of $361.0 million, up 14%, and Revenue of $106.9 million, up 34%GAAP Net Income of $6.4 million, up $0.1 million, and GAAP Diluted Earnings Per Share (EPS) of $0.20Non-GAAP ...

Company Overview - Bid4Assets is a leading online marketplace for distressed real estate auctions, having facilitated over 150,000 property sales and generating more than $1.8 billion in government transactions [4] - It has been assisting communities in transitioning to online tax sales for 25 years, providing a streamlined process for bidders and property owners [3] Auction Details - Todd County, Minnesota has selected Bid4Assets to host its first virtual tax forfeited properties sale, featuring 17 properties with varying minimum bids and no reserve prices [1][2] - The auction will open for bidding on December 16 and close on January 15 [1] - Bidders are required to register for a free account and submit a $250 deposit by January 8 to participate in the auction [3] Benefits of Online Auctions - The transition to an online format increases accessibility for local buyers and broadens the pool of potential bidders, enhancing the likelihood of properties being returned to the tax rolls [2] - The funds generated from the sale will support essential county services, which may face shortfalls due to unpaid taxes [2] - The online auction format allows for more efficient use of staff time and improves availability to taxpayers [3] Parent Company Information - Bid4Assets is a wholly owned subsidiary of Liquidity Services, which operates the world's largest B2B e-commerce marketplace for surplus assets, with over $10 billion in completed transactions [5]

BETHESDA, Md., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, today announced that it expects to report its fourth quarter fiscal year 2024 results prior to market open on Thursday, December 12, 2024. Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will then host a conference call to review the results at 10:30 AM Eastern Time. To participate in the conference call, please register here to receive the dial-i ...

BETHESDA, Md., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, has been selected by one of the largest oil and gas exploration and production companies in the U.S. to sell more than 30 Cameron, Watson Corsair, Rig Works, and Franks workover rigs and associated surplus assets in West Texas. The rigs are available through a sealed bid event that runs until September 12th, 2024 at 5:00 pm EDT on AllSurplus.com, the leading o ...

Core Insights - Liquidity Services and Tiger Group are conducting the fifth auction related to the bankruptcy of El Dorado Gas & Oil, featuring over 230 energy assets available until August 28, 2024 [1][2] - The auction presents a unique opportunity for oil and gas operators and equipment dealers to acquire equipment at significantly lower prices than new [2] Group 1: Auction Details - The auction includes a variety of high-value energy assets such as drilling rigs, fracking equipment, pumps, and compressors [2] - Notable items available for bidding include a Siebert Heavy Haul Trailer, Frac Pump Skid, and a 2011 Hydra Rig Coiled Tubing Trailer [2] Group 2: Company Background - AllSurplus is recognized as the leading online marketplace for surplus business assets, offering sellers control and lower fees compared to traditional auction methods [3] - Liquidity Services, the parent company of AllSurplus, has a strong reputation in the surplus industry, having supported millions of customers globally [3] Group 3: Tiger Group Overview - Tiger Group specializes in asset valuation, advisory, and disposition services, leveraging over 40 years of experience [4] - The company provides clients with expertise in identifying asset value and managing asset risk factors [4]

Core Insights - Pike County, Pennsylvania sheriff's office has chosen Bid4Assets to conduct its first online sheriff's sales, enhancing accessibility for residents to bid on foreclosed properties [1][2] - Bid4Assets has a long history of facilitating online auctions for government entities, having auctioned over 150,000 properties and generating more than $1 billion in government transactions [3] Company Overview - Bid4Assets is a leading online marketplace specializing in the sale of distressed real estate properties, conducting online tax and foreclosure sales across the United States [3] - The company is a subsidiary of Liquidity Services, which operates the largest B2B e-commerce marketplace for surplus assets, with over $10 billion in completed transactions [4] Industry Impact - The shift to online auctions is expected to help counties raise revenues while reducing costs, as stated by Bid4Assets President Jesse Loomis [2] - The technology adoption for online sales is seen as a significant advancement for sheriff's offices, allowing broader participation in property bidding [1]

Liquidity Services, Inc. (NASDAQ:LQDT) Q2 2024 Results Conference Call August 8, 2024 10:30 AM ET Company Participants Michael Patrick - Investor Relations Bill Angrick - Chairman and Chief Executive Officer Jorge Celaya - Executive Vice President and Chief Financial Officer Conference Call Participants Gary Prestopino - Barrington Research George Sutton - Craig-Hallum Operator Welcome to the Liquidity Services Inc. Third Quarter of Fiscal Year 2024 Financial Results Conference Call. My name is Lauren Canno ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-51813 A Better Future for Surplus LIQUIDITY SERVICES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 52-22092 ...

Exhibit 99.1 LIQUIDITY SERVICES ANNOUNCES THIRD QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS Market Share Gains and Flexible Service Of erings Fuel New Quarterly GMV Record Bethesda, MD - August 8, 2024 - Liquidity Services (NASDAQ:LQDT; www.liquidityservices.com), a leading global commerce company powering the circular economy, today announced its financial results for the quarter ended June 30, 2024, as compared to the corresponding prior year quarter: • Record Gross Merchandise Volume (GMV) of $380.4 milli ...