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Dec 31, 2020
Liquidity Services Q1 2021 Earnings Report
Announced first quarter fiscal year 2021 financial results, demonstrating growth in GMV and profitability.
Key Takeaways
Liquidity Services reported a strong first quarter in fiscal year 2021, with a 28% increase in GMV and a significant improvement in GAAP net income and Non-GAAP Adjusted EBITDA compared to the prior year. The company's performance was driven by increased adoption of its e-commerce solutions across all business segments.
GMV increased by 28% year-over-year, reaching $190.4 million.
GAAP revenue grew by 13% year-over-year, totaling $55.8 million.
GAAP net income was $4.5 million, a $9.7 million increase year-over-year.
Non-GAAP Adjusted EBITDA was $8.8 million, a $10.9 million increase year-over-year.
Forward Guidance
The Company anticipates financial results for Q2-FY21 are expected to improve year-over-year and remains optimistic about its prospects given its strong position in key markets and the shift to online commerce.
Positive Outlook
- Solid pipeline
- Strong customer relationships
- Indicators of positive performance going forward
- Platform investments yielding improved results
- Well positioned for customers' changing needs
Challenges Ahead
- Trends depend on global and U.S. economies
- Impact of COVID-19
- Possible shifts in related business dynamics
- Possible shifts in government spending
- Timing of business activity across segments is difficult to predict
Historical Earnings Impact
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Avg. Return Before/After Earnings
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