Liquidate everything!! Liquidity Services, Inc. (LQDT)

Reminds me of ADM...Boring, like watching paint dry.

But, great earning...

BETHESDA, Md., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT; www.liquidityservices.com), a leading global commerce company powering the circular economy, today announced the following financial results as of the quarter ended December 31, 2022, as compared to the applicable prior year periods:

  • Gross Merchandise Volume (GMV) of $270.8 million, up 4%, and Revenue of $72.3 million, up 8%

  • GAAP Net Income of $4.0 million, up $0.4 million, and GAAP Diluted Earnings Per Share (EPS) of $0.12, up $0.02

  • Non-GAAP Adjusted EBITDA of $9.8 million, up $0.4 million, and Non-GAAP Adjusted Diluted EPS of $0.19, up $0.01

  • Cash balances of $79.9 million1 with zero financial debt, repurchased 0.5 million shares for $7.2 million during the quarter
"Our solid financial results for the quarter reflect the resilience of our business when challenged with macroeconomic headwinds, including the volatility in the used vehicle market and cautious consumer and business behavior. Notwithstanding the slower growth economic environment, our strategic priority remains investing in market share expansion, diversification and longer-term growth. With our strong business pipeline, trusted marketplace solutions and financial strength, we are well positioned to gain additional market share across our segments and create long-term value for our shareholders," said Bill Angrick, Liquidity Services CEO.
 
This is one of my stocks that got called away 10 days ago. I don't think I'll revisit it...It came out with good earnings and has been discovered.

I'll stop following it and move on...
 
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