Liquidity Services (NASDAQ: LQDT) stock soared 6.8% in pre-market trading on Thursday, following the company's better-than-expected Q4 2024 financial results.
The online auction marketplace for surplus and salvage assets reported adjusted earnings per share of $0.32, surpassing the consensus estimate of $0.28 by a significant margin of 14.29%. Moreover, Liquidity Services' Q4 revenue of $106.9 million exceeded analysts' expectations of $93.049 million, representing a 14.89% beat and a 33.7% increase compared to the same period last year.
The company's strong performance was further reinforced by its reported adjusted net income of $10.2 million, net income of $6.4 million, adjusted EBITDA of $14.5 million, and Gross Merchandise Value (GMV) of $361 million for the fourth quarter.