Liquidity Services Reports Mixed Q4 Results; GMV Surges 16%

Liquidity Services Inc LQDT reported fourth-quarter FY22 sales growth of 7% year-on-year to $75.20 million, beating the consensus of $72.88 million.
Gross Merchandise Volume (GMV) of $283.3 million increased 16% Y/Y.
Total costs and expenses rose 3.1% to $63.9 million.
Operating margin was 15%, and the operating income for the quarter was $11.2 million.
The company held $98 million in cash and equivalents as of September 30, 2022. Cash provided by operating activities for the year totaled $44.8 million.
Adjusted EBITDA increased 8% Y/Y to $12.3 million.
At the Q4 end, registered buyers climbed 22% to 4.9 million.
Adjusted EPS of $0.19 missed the analyst consensus of $0.23.
On December 6, 2022, the company's Board of Directors authorized a new share repurchase program of up to $8.4 million of its shares.
Outlook: Liquidity Services expects Q1 adjusted EPS of $0.09 - $0.18 against the consensus of $0.17.
LQDT expects Q1 GMV of $265 million - $295 million and Adjusted EBITDA of $7.0 million - $10.0 million.
Price Action: LQDT shares closed lower by 2.04% at $14.85 on Wednesday.

Momentum94.79

Growth87.73

Quality96.86

Value45.97

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