| Over a week ago | ||||
Greensville County Public… Greensville County Public Schools in Emporia, Virginia has selected GovDeals, a marketplace of Liquidity Services, to offer all their surplus equipment for sale. All items offered from Greensville County Public Schools will now be available for local citizens as well as to GovDeals' more than 1M registered buyers. GovDeals supports its seller's sustainability goals by helping them extend the life of assets, prevent unnecessary waste, and carbon emissions, and defer products from landfills. | ||||
| Over a month ago | ||||
Liquidity Services… Liquidity Services announced that its Board of Directors has authorized a new share repurchase program of up to $10M of the company's common stock. The repurchase program will commence March 8 and expire on March 31, 2023. | ||||
Virtual Meeting to be… Virtual Meeting to be held on February 9 hosted by Barrington. | ||||
Virtual Meeting to be… Virtual Meeting to be held on February 9 hosted by Barrington. | ||||
Barrington analyst Gary… Barrington analyst Gary Prestopino keeps his Outperform rating and $25 price target on Liquidity Services after its better than expected Q1 results. The analyst contends that the quarter highlighted the company's e-commerce marketplace solutions gaining traction with large enterprises, while its performance with small businesses is contributing to strong organic growth and market share expansion. Prestopino adds that Liquidity Services' sales mix shift has led to improved margins from higher recovery rates on assets sold. | ||||
Barrington analyst Gary… Barrington analyst Gary Prestopino raised the firm's price target on Liquidity Services to $25 from $20 and keeps an Outperform rating on the shares following the company's Q1 results. Liquidity Services has a solid pipeline, strong customer relationships and indicators of positive performance going forward as platform investments have improved results, Prestopino tells investors in a research note. | |
Reports Q1 revenue… Reports Q1 revenue $55.8M, consensus $61.66M. "We are pleased with our continued momentum and how our marketplace solutions are resonating with both large enterprises and small businesses who are embracing our e-commerce platform. Our team has carefully listened to the needs of our customers and we continue to deliver the right tools, services and strong buyer liquidity to ensure sellers and buyers in every major sector of the economy successfully monetize assets. Through our domain expertise, innovative technology platform and integrated services we are driving the continued digital transformation within the retail, industrial and public sector supply chains which comprise a $100B market opportunity for Liquidity Services," said CEO Bill Angrick. "Overall, our strategy and platform investments have yielded strong results to date and are well aligned to the needs of where the customer is going in the future in a changing landscape with higher e-commerce demand". |
| Over a quarter ago | ||||
Liquidity Services in… Liquidity Services in partnership with Louisiana Chemical Equipment Company, is selling two unused, high-pressure reactors fabricated in 2010 by Kobe Steel Japan, each ASME stamped. The reactors, which have been stored under nitrogen purge, will be sold through Liquidity Services' newest online auction marketplace, AllSurplus.com, and is open for bidding starting January 13, 2021. Reactors are located in Busan, South Korea. The Hydrocracker Reactors are used to produce salable products such as Jet Fuel, Diesel Fuel, Gasoline, Kerosene and Naphtha. The hydrocrackers can produce diesel fuel from plant-based oils and waste cooking oils, making them a greener solution to producing fuel. "The immediate availability of the reactors offers oil refineries the ability to shortcut lead time associated with upgrade or expansion," said Jeff Morter, director of energy for Liquidity Services. This sale will include all saddles and supports for the assets, and all available data books, drawings, and technical data related to the assets. In addition, all crates, boxes, pallets & loose items stored in the warehouse adjacent to the reactors will be sold with the assets. The warehouse items include, but are not limited to, top & bottom connection pipes, anchor bolts, anchor bolt templates and the CLG designed Reactor Internals Technology components. | ||||
Barrington analyst Gary… Barrington analyst Gary Prestopino raised the firm's price target to $15-$20 from $10 and maintains an Outperform rating on the shares following the company's better than expected Q4 results. | ||||
Sees Q1 GMV $175M-$195M. | ||||