Shares of Liquidity Services (LQDT) surged 24.71% in pre-market trading on Thursday, February 6, 2025, following the company's impressive first-quarter fiscal 2025 financial results and the announcement of a strategic acquisition.
The leading global commerce company reported record gross merchandise volume (GMV) of $386.1 million for the quarter ended December 31, 2024, reflecting a remarkable 26% year-over-year increase. Revenue also witnessed a significant 72% growth, reaching $122.3 million. Notably, Liquidity Service's profitability metrics showcased substantial improvements, with net income soaring 205% to $5.8 million and adjusted EBITDA increasing by 81% to $13.1 million.
The strong performance was fueled by the continued adoption of Liquidity Service's services by customers and momentum across its businesses. Additionally, the company announced the acquisition of Auction Software, a private-label marketplace and SaaS solutions provider, which is expected to expand its SaaS offerings and market reach. Liquidity Services provided positive guidance for the second quarter, anticipating continued solid growth across its key financial metrics and business segments.
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