Liquidity Services (LQDT) Misses Q4 EPS by 4c

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Go back to Liquidity Services (LQDT) Misses Q4 EPS by 4c

Liquidity Services Announces Fourth Quarter Fiscal Year 2022 Financial Results

December 8, 2022 6:50 AM EST

BETHESDA, Md., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT; www.liquidityservices.com), a leading global commerce company powering the circular economy, today announced the following financial results as of the quarter ended September 30, 2022 as compared to the applicable prior year periods:

Gross Merchandise Volume (GMV) of $283.3 million, up 16%, and Revenue of $75.2 million, up 7%, from higher consignment activityGAAP Net Income of $8.3 million1, down $24.4 million2, and GAAP Diluted Earnings Per Share (EPS) of $0.251, down $0.682 due to non-cash benefits to net... More