Liquidity Services Clocks 26% Revenue Growth In Q4, Tops Consensus; Adopts $20M Share Buyback


Liquidity Services Inc LQDT reported fourth-quarter FY21 revenue growth of 26% year-on-year to $70.3 million, beating the consensus of $53.4 million.

  • Consolidated Gross Merchandise Volume rose 24% Y/Y to $244.4 million.
  • Segments: RSCG revenue grew 16.3% Y/Y to $40.7 million. GMV rose 10% Y/Y.
  • GovDeals revenue rose 20.2% Y/Y to $13.1 million. GMV increased 20% Y/Y.
  • CAG revenue climbed 70.4% Y/Y to $13.8 million. GMV rose 60% Y/Y.
  • The gross profit rose 20.8% Y/Y to $40.1 million, driven by higher volumes.
  • Adjusted EPS of $0.26 beat the consensus of $0.11.
  • Liquidity Services held $106.3 million in cash and equivalents.
  • Share Buyback: The board authorized a new share repurchase program of up to $20.0 million.
  • "Our Q4-FY21 results demonstrate the continuing role our e-commerce marketplace solutions play in powering the $100 billion+ circular economy. Businesses and government agencies continue to embrace the economic, environmental and sustainability benefits they gain from our online solutions," said Chairman and CEO Bill Angrick.
  • Outlook: Liquidity Services sees Q1 FY22 GMV of $230 million - $260 million. It sees non-GAAP EPS of $0.08 - $0.17.
  • Price Action: LQDT shares closed lower by 0.90% at $22.00 on Wednesday.
Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceBuybacksSmall CapTechBriefsInformation TechnologyInternet Software & Services
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!