LIQUIDITY SERVICES, INC. (NASDAQ:LQDT) Files An 8-K Results of Operations and Financial Condition

LIQUIDITY SERVICES, INC. (NASDAQ:LQDT) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Conditions.

On December 10, 2019, Liquidity Services, Inc. (the “Company”) announced its financial results for the quarter ended September 30, 2019. The full text of the press release (the “Press Release”) issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in the Press Release shall be considered “furnished” to Item 2.02 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended, nor shall it be deemed incorporated by reference into any of the Company’s reports or filings with the Securities and Exchange Commission, whether made before or after the date hereof, except as expressly set forth by specific reference in such report or filing.
Item 9.01. Financial Statements and Exhibits.
99.1 Press Release of Liquidity Services, Inc., dated December , 201, announcing financial results for the quarter ended September 30, 201.
EX-99.1 2 earningsreleaseq4fy19.htm EXHIBIT 99.1 DocumentLIQUIDITY SERVICES ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2019 FINANCIAL RESULTS•Consolidated Fourth Quarter GMV of $157.8 million — Revenue of $58.8 million — GAAP Net Loss of $(5.2) million •Consolidated Fourth Quarter Non-GAAP Adjusted EBITDA of $(0.8) million•FY-19 Consolidated Non-GAAP Adjusted EBITDA results marked $20.3 million improvement in Adjusted EBITDA over the past two years•RISE growth strategy focused on launch of unified marketplace and expanded use of digital marketing and self-service technologies to increase seller volumes,…
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Liquidity Services, Inc. operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information. Additionally, the Company enables its corporate and government sellers to enhance their financial return on assets offered for sale by providing a liquid marketplace and value-added services. The Company’s range of services include program management, valuation, asset management, reconciliation, Return to Vendor and Returns Management Authorization (RTV and RMA), refurbishment and recycling, fulfillment, marketing and sales, warehousing and transportation, buyer customer support, and compliance and risk mitigation.

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