Liquidity Services Inc. Files Q1 2025 10-Q

TL;DR

LQDT Q1 2025 10-Q filed. Details on Machinio & Sierra Acquisition. Check financials.

AI Summary

Liquidity Services Inc. reported its first quarter results for the period ending December 31, 2024. The company's filing indicates financial activities and disclosures related to its operations, including information on Machinio Corporation and the Sierra Acquisition. Specific financial figures and dates are detailed within the report.

Why It Matters

This 10-Q filing provides investors and stakeholders with an update on Liquidity Services Inc.'s financial performance and operational status for the first quarter of fiscal year 2025.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures for a public company, but specific details regarding acquisitions and financial instruments warrant a medium risk assessment.

Key Numbers

• Q1 — Quarter (Reporting Period)
• 2024-12-31 — Period End Date (Financial Reporting)
• 2025-02-06 — Filing Date (Submission of Report)

Key Players & Entities

• LIQUIDITY SERVICES INC (company) — Filer
• Machinio Corporation (company) — Subsidiary/Acquisition Mentioned
• Sierra Acquisition (company) — Acquisition Mentioned
• Wells Fargo Bank NA (company) — Letter of Credit Provider
• 2024-12-31 (date) — End of Reporting Period
• 2025-02-06 (date) — Filing Date

FAQ

Key Financial Figures

• $0.001 — nge on Which Registered Common Stock, $0.001 par value LQDT Nasdaq Indicate by

Filing Documents

• lqdt-20241231.htm (10-Q) — 1786KB
• lqdt-ex31_1.htm (EX-31.1) — 19KB
• lqdt-ex31_2.htm (EX-31.2) — 19KB
• lqdt-ex32_1.htm (EX-32.1) — 11KB
• lqdt-ex32_2.htm (EX-32.2) — 11KB
• img213996343_0.jpg (GRAPHIC) — 30KB
• 0000950170-25-015164.txt ( ) — 8306KB
• lqdt-20241231.xsd (EX-101.SCH) — 1146KB
• lqdt-20241231_htm.xml (XML) — 1563KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Statement of Stockholders' Equity 6 Condensed Consolidated Statements of Cash Flows 7 Notes to the Unaudited Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.

Controls and Procedures

Controls and Procedures 27

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 28 Item 1A.

Risk Factors

Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 5. Other Information 29 Item 6. Exhibits 30

—FINAN CIAL INFORMATION

PART I—FINAN CIAL INFORMATION

Financia l Statements (Unaudited)

Item 1. Financia l Statements (Unaudited) Liquidity Services, Inc. and Subsidiaries Condensed Cons olidated Balance Sheets (Dollars in Thousands, Except Par Value) December 31, 2024 September 30, 2024 (Unaudited) Assets Current assets: Cash and cash equivalents $ 128,700 $ 153,226 Short-term investments 10,445 2,310 Accounts receivable, net of allowance for doubtful accounts of $ 1,692 and $ 1,680 23,070 11,467 Inventory, net 13,742 17,099 Prepaid taxes and tax refund receivable 1,672 1,519 Prepaid expenses and other current assets 11,121 13,614 Total current assets 188,750 199,235 Property and equipment, net 18,003 17,961 Operating lease assets 11,352 12,005 Intangible assets, net 13,107 13,912 Goodwill 97,401 97,792 Deferred tax assets 227 1,728 Other assets 4,366 4,255 Total assets $ 333,206 $ 346,888 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 45,572 $ 58,693 Accrued expenses and other current liabilities 22,757 28,261 Current portion of operating lease liabilities 5,121 5,185 Deferred revenue 4,440 4,788 Payables to sellers 57,610 58,226 Total current liabilities 135,500 155,153 Operating lease liabilities 8,242 9,060 Other long-term liabilities 303 115 Total liabilities 144,045 164,328 Commitments and contingencies (Note 13) Stockholders' equity: Common stock, $ 0.001 par value; 120,000,000 shares authorized; 36,793,603 shares issued and outstanding at December 31, 2024; 36,707,840 shares issued and outstanding at September 30, 2024 37 37 Additional paid-in capital 278,452 275,771 Treasury stock, at cost; 6,016,078 shares at December 31, 2024, and 6,015,496 shares at September 30, 2024 ( 93,873 ) ( 93,854 ) Accumulated other comprehensive loss ( 11,298 ) ( 9,427 ) Retained earnings 15,843 10,033 Total stockholders' eq

View Full Filing

View this 10-Q filing on SEC EDGAR