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AI brief of an SEC Form 8-K · Liquidity Services (LQDT)

Liquidity Services Q2 revenue rises 12% to $91.5 million; GAAP net income up 35%

Positive Impact 3 of 5 earnings Written later

Liquidity Services reported results for the quarter ended March 31, 2024, in a press release furnished under Item 2.02 of Form 8-K. Revenue rose 12% to $91.5 million and GAAP net income rose 35% to $5.7 million, or $0.18 per diluted share. The company also gave third-quarter fiscal 2024 guidance, including GAAP net income of $3.5 million to $6.5 million, which gives shareholders a view of expected near-term earnings.

Key points

  • Gross merchandise volume (GMV) was $319.4 million, up 13%, and revenue was $91.5 million, up 12%.
  • GAAP net income was $5.7 million, up 35%, and GAAP diluted EPS was $0.18, up 38%.
  • Non-GAAP Adjusted EBITDA was $12.1 million, up from $9.9 million in the prior-year quarter.
  • Q3 FY24 guidance: GAAP net income of $3.5 million to $6.5 million and GAAP diluted EPS of $0.11 to $0.21.

The filing

CompanyLiquidity Services (LQDT)
Form8-K, current report
Filed with the SECMay 9, 2024, 6:30 AM ET
Accession number0000950170-24-056217

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 09, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.