Liquidity Services Reports 5% Revenue Growth in Q2 2024

Liquidity Services, Inc. (NASDAQ: LQDT) has released its financial results for the second quarter of fiscal year 2024. Let's dive into the numbers to see how the company has performed.

First, let's talk about revenue. In Q2 2024, Liquidity Services reported total revenue of $58.5 million. Comparing this to the same period last year, the company saw a 5% increase in revenue from $55.7 million.

Moving on to gross merchandise volume (GMV), a key metric for the e-commerce industry, Liquidity Services achieved a GMV of $188.3 million in Q2 2024. This represents a 2% increase from the Q2 2023 GMV of $184.7 million.

Now, let's look at Liquidity Services' adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). In the second quarter of fiscal year 2024, the company reported adjusted EBITDA of $6.7 million, reflecting a 12% increase from the Q2 2023 adjusted EBITDA of $6 million.

Furthermore, Liquidity Services' net loss attributable to common stockholders in Q2 2024 was $3.4 million. Comparing this to the net loss of $4.2 million in Q2 2023, the company has managed to reduce its net loss by 19%.

As a result of these announcements, the company's shares have moved -0.7% on the market, and are now trading at a price of $18.6. For more information, read the company's full 8-K submission here.

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