Liquidity Services, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 09, 2024 at 06:30 am
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Liquidity Services, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 53.11 million compared to USD 47.27 million a year ago. Revenue was USD 91.45 million compared to USD 81.45 million a year ago. Net income was USD 5.71 million compared to USD 4.25 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to USD 0.13 a year ago.
For the six months, sales was USD 89.33 million compared to USD 85.91 million a year ago. Revenue was USD 162.78 million compared to USD 153.74 million a year ago. Net income was USD 7.62 million compared to USD 8.21 million a year ago. Basic earnings per share from continuing operations was USD 0.25 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.25 a year ago.
Liquidity Services, Inc. is a global commerce company. It operates a business to business (B2B) e-commerce marketplace platform for surplus assets. Its segments include GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG) and Machinio. The GovDeals segment provides solutions that enable government entities including city, county, state and federal agencies located in the United States and Canada and related commercial businesses to sell surplus property and real estate assets through its GovDeals and Bid4Assets marketplaces. The RSCG segment consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. The CAG segment offers solutions to sellers and consists of marketplaces that enable commercial businesses to sell surplus assets. Machinio segment operates a search engine platform for listing used equipment for sale in the construction, machine tool, printing and agriculture sectors.
LIQUIDITY SERVICES, INC. 
