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LIQUIDITY SERVICES INC (LQDT)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsSep-30-22Sep-30-21Sep-30-20Sep-30-19Sep-05-19Sep-30-18Sep-05-18Sep-30-17
   10-K10-K10-K10-K8-K10-K8-K10-K
Revenues:  
    Purchase revenues  151.3146.2127.6     
    RSCG  166.1158.8136.5127.3 102.0 95.0
    CAG  42.639.629.560.2 88.0 145.1
    GovDeals  59.449.632.832.9 30.2 26.9
    Other     6.0 4.3 3.0
Total revenues  280.1257.5205.9226.5147.9224.5149.7270.0
            Revenue growth   [+]8.7%25.1%-9.1%0.9%-1.2%-16.9%-20.6%-14.7%
Cost of goods sold  119.4107.796.0113.2164.9114.8176.1145.5
Gross profit  160.6149.9109.9113.3-17.1109.7-26.4124.5
            Gross margin  57.4%58.2%53.4%50.0%-11.5%48.9%-17.6%46.1%
Selling, general and administrative   [+]71.566.664.881.871.078.964.290.6
Other operating expenses  55.949.142.545.9-73.647.9-73.468.4
Adjusted EBITDA  41.741.18.3-7.9-7.9-10.5-10.5-27.1
            Adjusted EBITDA margin  14.9%16.0%4.0%-3.5%-5.3%-4.7%-7.0%-10.0%
Stock-based compensation  8.56.95.76.56.56.66.67.4
EBITDA   [+]33.234.12.6-14.4-14.4-17.1-17.1-34.4
            EBITDA margin  11.9%13.3%1.3%-6.4%-9.7%-7.6%-11.4%-12.8%
Depreciation  6.65.75.03.85.14.24.64.8
EBITA  26.628.5-2.4-18.2-19.5-21.3-21.7-39.2
            EBITA margin  9.5%11.1%-1.2%-8.0%-13.2%-9.5%-14.5%-14.5%
Amortization of intangibles  3.71.31.31.3 0.4 1.0
EBIT   [+]22.927.2-3.7-19.5-19.5-21.7-21.7-40.2
            EBIT margin  8.2%10.5%-1.8%-8.6%-13.2%-9.7%-14.5%-14.9%
Non-recurring items  -24.5 0.2     
Interest expense  0.20.40.91.4 0.8 0.6
Other income (expense), net  0.50.81.82.91.41.60.81.2
Pre-tax income  47.727.6-3.0-18.1-18.1-20.9-20.9-39.6
Income taxes  7.3-23.40.81.21.2-9.3-9.3-0.5
            Tax rate  15.4%    44.5%44.5%1.1%
Net income  40.350.9-3.8-19.3-19.3-11.6-11.6-39.2
            Net margin  14.4%19.8%-1.8%-8.5%-13.0%-5.2%-7.8%-14.5%
   
Basic EPS   [+]$1.25$1.53($0.11)($0.58)($0.58)($0.36)($0.36)($1.25)
Diluted EPS   [+]$1.20$1.45($0.11)($0.58)($0.58)($0.36)($0.36)($1.25)
   
Shares outstanding (basic)   [+]32.333.333.633.133.132.132.131.4
Shares outstanding (diluted)   [+]33.735.033.633.133.132.132.131.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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