Liquidity Services (LQDT) Tops Q1 EPS by 18c, Beats on Revenues; Offers Q2 EPS Guidance Above Consensus

Liquidity Services (NASDAQ: LQDT) reported Q1 EPS of ($0.14), $0.18 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $61.1 million versus the consensus estimate of $60.12 million.

• GMV of $155.4 million-- Revenue of $61.1 million -- GAAP Net Loss of $(1.2) million
• Non-GAAP Adjusted EBITDA of $(3.0) million
• GovDeals and Retail Supply Chain Group segments each drive double-digit year over year GMV growth
• Excluding the Department of Defense (DoD) Surplus and Scrap Contracts, the Capital Assets Group segment grows GMV sequentially by 51% reflecting new client wins and energy sector recovery

GUIDANCE:

Liquidity Services sees Q2 2018 EPS of ($0.23)-($0.16), versus the consensus of ($0.32).

For earnings history and earnings-related data on Liquidity Services (LQDT) click here.

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