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The company said "We anticipate that we will continue to drive year-over-year GMV growth in Q2 through increased volumes, recovery maximization, and service expansion across all our business segments. We expect that our bottom line results compared to the same quarter last year will continue to exhibit the effect of growth and efficiency improvements from expense leverage and from the business realignment last year. The following forward-looking statements reflect the trends and assumptions for Q2 compared to the prior year comparable period: negative impact of the completion of the wind-down of our DoD Surplus Contract, resulting in the termination of all operations under the DoD Surplus Contract; continued spending under our LiquidityOne transformation initiative as we continue with our Enterprise Resource Planning implementation and prepare for the integration of our last marketplaces onto the new e-commerce platform and the launch of our new consolidated marketplace; benefits from restructuring and business realignment activities to streamline our organizational processes; variability in our CAG industrial and energy verticals related to project size and timing and the seasonally low transaction volume during the second quarter; continued growth in our GovDeals segment; continued growth in our RSCG segment and the impact of seasonally high transaction volume in the second quarter; variability in our GMV to Revenue ratio based on mix of pricing model and adoption of service fee model; and no material impact on earnings by the Machinio segment.

Reports Q1 revenue $54.1M, consensus $51.34M. "Our first quarter results reflect continued execution of our growth strategy and improving results across all of our business segments. GMV grew approximately 16% over the prior year period in our CAG segment, excluding the DoD Surplus contract, as we saw increased demand for our services in North America and the Asia Pacific region. GMV grew 23% over the prior year period in our RSCG segment due to higher than expected volumes across multiple seller accounts for both our full-service and self-service solutions. Our GovDeals segment grew GMV 7% over the prior year period driven by higher volumes from new and existing sellers. Excluding the completed DoD Surplus contract, our consolidated GMV grew 12% and our GAAP Revenue grew 20% over the prior year period. Additionally, our Non-GAAP Adjusted EBITDA, including the completed DoD Surplus contract, increased 42% over the prior year period reflecting operating efficiencies in the business that will drive improved results over time," said Bill Angrick, Chairman and CEO of Liquidity Services. "These improvements are notable as they mark the third consecutive quarter that we achieved double-digit top line growth, excluding our DoD Surplus contract, and demonstrate that we are successfully executing on our strategy to deliver long term value for our sellers, buyers and shareholders."