Liquidity Services, Inc. (NASDAQ: LQDT)
LQDT (?LSI or Liquidity Services?) previously reported its financial results for its fiscal year (FY-12) and fourth quarter (Q4-12) ended September 30, 2012.
LQDT (?LSI or Liquidity Services?) reported record consolidated FY-12 revenue of $475.3 million, an increase of approximately 41% from the prior year. Adjusted EBITDA, which excludes stock-based compensation and acquisition costs including changes in acquisition earn out payment estimates, for FY-12 was a record $110.1 million, an increase of approximately 109% from the prior year. FY-12 GMV, the total sales volume of all merchandise sold through the Company?s marketplaces, was a record $864.2 million, an increase of approximately 55% from the prior year. Comparisons to FY-11 results include our U.K. operations, which were shut down, effective September 30, 2011, and are accounted for as discontinued operations in our statement of operations.
LQDT (?LSI or Liquidity Services?) reported consolidated Q4-12 revenue of $122.3 million, an increase of approximately 52% from the prior year?s comparable period. Adjusted EBITDA for Q4-12 was $23.1 million, an increase of approximately 85% from the prior year?s comparable period. GMV was a record $241.0 million for Q4-12, an increase of approximately 65% from the prior year?s comparable period. These comparisons include the results of our U.K. operations, as noted above.
Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations, public sector agencies and buying customers the world?s most transparent, innovative and effective online marketplaces and integrated services for surplus assets. On behalf of its clients, Liquidity Services has completed the sale of over $3.0 billion of surplus, returned and end-of-life assets, in over 500 product categories, including consumer goods, capital assets and industrial equipment. The Company is based in Washington, D.C. and has nearly 1,200 employees. Additional information can be found at: www.liquidityservicesinc.com.
In my opinion this is a stock to watch
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