The company reported adjusted EPS of $0.26 per share, beating the estimate of $0.24.
GMV for the fiscal fourth quarter of 2023 was $315.6 million, an 11% increase Y/Y.
Revenue in the GovDeals segment increased 13%, consistent with its increase in GMV. Revenue in the RSCG segment increased 15%, a rate slightly lower than the segment's GMV increase.
Revenue in the CAG segment decreased 27% due to the prior year's large international spot purchase transactions.
The company reported an adjusted EBITDA of $12.8 million in Q4, up $0.5 million Y/Y.
Cash balances as of quarter end was $118.2 million, with zero financial debt.
"Our pipeline remains strong, and we continue to see opportunities to drive growth and long-term shareholder value through expanding our technology-enabled, asset-light services," said Bill Angrick, Liquidity Services CEO.
The company expects GAAP net income of $1.5 million-$4.0 million, with adjusted EBITDA of $7.0 million-$10.0 million.
Price Action: LQDT shares are trading lower by 12.6% to $17.40 on the last check Thursday.
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