Liquidity Services, Inc. (NASDAQ: LQDT) recently released its financial results for the first quarter of fiscal year 2025. Here are some key metrics from the report:
- Gross Merchandise Volume (GMV) for the quarter was $157 million, representing a decrease of 5% from the previous quarter.
- The company reported adjusted EBITDA of $8.7 million, showing a 12% decrease from the last quarter.
- Net income for the quarter was $3.2 million, down 15% from the preceding quarter.
- Liquidity Services, Inc. reported diluted earnings per share (EPS) of $0.10, a 17% decrease compared to the previous quarter.
- The company's revenue for the quarter was $51.4 million, reflecting a 7% decrease from the last quarter.
These figures indicate a decline in several key financial metrics compared to the previous quarter, suggesting potential challenges that the company may be facing in the current business environment. As a result of these announcements, the company's shares have moved -1.2% on the market, and are now trading at a price of $32.71. For more information, read the company's full 8-K submission here.