Loading...
•
Sep 30, 2020
Liquidity Services Q4 2020 Earnings Report
Reported consolidated GMV of $196.9 million and GAAP net income of $5.4 million.
Key Takeaways
Liquidity Services announced financial results for Q4 and FY 2020. Q4 performance reflected increasing customer adoption of e-commerce solutions across all business segments. The company recorded significant gains in GAAP Net Income, GAAP EPS and Non-GAAP Adjusted EBITDA.
Consolidated Fourth Quarter GMV was $196.9 million.
Revenue was $55.9 million.
GAAP Net Income was $5.4 million.
GAAP EPS was $0.16.
Forward Guidance
Financial results for Q1-FY21 are expected to improve year-over-year.
Positive Outlook
- Continued spending as we launch incremental functionality across our family of marketplaces, for the implementation of tools enabling omni-channel behavioral marketing, expanded analytics, and buyer/seller payment optimization.
- Benefits from restructuring and business realignment activities to streamline our organizational processes.
- Continued mix shift to consignment pricing model which will lower revenue as a percent of GMV but improve gross profit margins.
- Continued growth in our GovDeals segment.
- Continued growth in our RSCG segment.
Challenges Ahead
- Flat top line results and continued variability in project size and timing within our CAG segment, especially as COVID-19 continues to impact the global economy.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...