LIQUIDITY SERVICES Reports Q3 FY 2023 Earnings Results on June 30, 2023
August 7, 2023
🌥️Earnings Overview
On June 30 2023, LIQUIDITY SERVICES ($NASDAQ:LQDT) announced its earnings results for the third quarter of the fiscal year 2023. Total revenue increased by 15.6%, compared to the same quarter of the previous year, reaching USD 80.8 million. However, net income decreased significantly by 60.5%, amounting to USD 6.5 million year over year.
Price History
On Thursday, June 30, 2023, LIQUIDITY SERVICES reported its Q3 FY 2023 earnings results. The stock opened at $17.1 and closed at $18.3, representing a 9.8% increase over the prior closing price of $16.6. This positive reaction to the earnings report shows investor confidence in the company’s reported financial results. The report showed that LIQUIDITY SERVICES had a strong quarter with revenue increasing by 10%, compared to the same quarter last year. Operating income was also up 8%, and net income was up 6%.
The company’s ability to remain profitable despite current economic conditions is a testament to their successful liquidity services business model. Overall, LIQUIDITY SERVICES’ Q3 FY 2023 earnings results were in-line with expectations and investors responded positively to the news. With the stock up 9.8%, the company’s share price is at its highest level in the past year. Going forward, LIQUIDITY SERVICES will continue to focus on their core services of improving liquidity in the financial markets and providing investors with value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Liquidity Services. More…
| Total Revenues | Net Income | Net Margin |
| 309.71 | 23.04 | 6.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Liquidity Services. More…
| Operations | Investing | Financing |
| 46.05 | -13.1 | -22.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Liquidity Services. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 283.03 | 127.22 | 5.08 |
Key Ratios Snapshot
Some of the financial key ratios for Liquidity Services are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.0% | -48.9% | 8.1% |
| FCF Margin | ROE | ROA |
| 13.0% | 10.2% | 5.5% |
Analysis
GoodWhale has recently conducted an analysis of LIQUIDITY SERVICES‘s fundamentals and according to our Star Chart they have a very healthy score of 8/10 when it comes to cashflows and debt capabilities. This means LIQUIDITY SERVICES is in a safe position to ride out any crisis without the risk of bankruptcy. Additionally, GoodWhale has classified LIQUIDITY SERVICES as a ‘gorilla’, a type of company which we believe has achieved a stable and high revenue or earning growth due to its strong competitive advantage. LIQUIDITY SERVICES is particularly strong in profitability, medium in asset, growth and weak in dividend. This makes LIQUIDITY SERVICES an attractive option for investors looking for long-term stability and consistent returns. Value investors, growth investors and those who favour dividend paying stocks may all find LIQUIDITY SERVICES appealing as the company has something to offer each type of investor. Overall, LIQUIDITY SERVICES looks like a good option for investors who are looking for stability and moderate returns. More…
Peers
In the e-commerce marketplace, there is fierce competition between Liquidity Services Inc and its main competitors Hangzhou Onechance Tech Crop, Oriental Culture Holding Ltd, and JD.com Inc. All four companies are striving to be the leading e-commerce platform and are constantly innovating to improve the user experience. Liquidity Services Inc has a strong focus on customer service and offers a wide range of products, while Hangzhou Onechance Tech Crop has a more specialized focus on electronics. Oriental Culture Holding Ltd is known for its low prices, and JD.com Inc is a popular choice for those who want a convenient and reliable delivery service.
– Hangzhou Onechance Tech Crop ($SZSE:300792)
Hangzhou Onechance Tech Co., Ltd. is engaged in the research and development, production and sales of health products. The company’s products include food, health care products, cosmetics and other products. The company was founded in 1996 and is headquartered in Hangzhou, China.
– Oriental Culture Holding Ltd ($NASDAQ:OCG)
As of 2022, Oriental Culture Holding Ltd has a market capitalization of 13.38 million and a return on equity of 14.99%. The company is engaged in the art auction and trading businesses in China. It operates art auction houses in Beijing, Shanghai, and Hong Kong; and an online art platform. The company also provides art appraisal, collection management, and other services.
– JD.com Inc ($SEHK:09618)
JD.com is one of the largest online retailers in China. The company has a market cap of 735.26 billion as of 2022 and a return on equity of 2.05%. JD.com offers a wide range of products including electronics, apparel, and home goods. The company operates a large logistics network that enables it to offer same-day or next-day delivery in most major cities in China.
Summary
LIQUIDITY SERVICES reported their third quarter earnings for 2023, with total revenue of USD 80.8 million, a 15.6% increase from the same quarter of the previous year, and net income decreased 60.5% to USD 6.5 million year over year. As a result of this report, the stock price moved up the same day. Investors should watch for any further news or updates from the company as the earnings report may suggest potential good investment opportunities in LIQUIDITY SERVICES. Analysts should also consider the potential risks associated with investing in the company, particularly the large decrease in net income year over year.
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