LIQUIDITY SERVICES,INC. (NASDAQ:LQDT) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Conditions.
On December 5, 2017, Liquidity Services, Inc. (the “Company”) announced its financial results for the quarter ended September 30, 2017. 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.
The following exhibit is filed as part of this report:
LIQUIDITY SERVICES INC ExhibitEX-99.1 2 earningsrelease_q4fy17.htm EXHIBIT 99.1 Exhibit LIQUIDITY SERVICES ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2017 FINANCIAL RESULTS•Fourth Quarter GMV of $145.0 million– Revenue of $61.4 million – GAAP Net Loss of $(13.9) million•Fourth Quarter Non-GAAP Adjusted EBITDA of $(7.6) million•Fiscal Year GMV of $629.3 million – Revenue of $270.0 million – Net GAAP Loss of $(39.2) million •Fiscal Year Non-GAAP Adjusted EBITDA of $(21.6) million •GovDeals and Retail Supply Chain Group segments each drive double-digit year over year GMV growth in FY-17•Company in deployment phase of new e-commerce rollout; rollout of all major marketplaces expected to be completed by early Fiscal Year 2019 Bethesda,…To view the full exhibit click
About LIQUIDITY SERVICES,INC. (NASDAQ:LQDT)
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.