Filing Flows › Liquidity Services (LQDT) › Q4 FY24
Liquidity Services (LQDT) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 12, 2024
Liquidity Services (LQDT) reported revenue of $107M for the fourth quarter fiscal 2024 (Q4 FY24), +34% from a year earlier and +14% from the quarter before. Operating margin was 6.8%, net earnings $6.4M (6.0% of revenue).
Liquidity Services, Q4 FY24: revenue $107M (+34% year over year), operating margin 6.8%, net earnings $6.4M, operating cash flow $22.0M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $107M | +14% | +34% |
| Gross profit | $48.7M | -1% | +8% |
| Operating profit | $7.3M | -8% | -8% |
| Net earnings | $6.4M | +6% | +2% |
| Operating cash flow | $22.0M | -1% | +50% |
| Free cash flow | $19.2M | -6% | +45% |
What changed
Revenue was $106.9M in Q4 FY24, up 34% year over year and up 14% from the previous quarter. Product was the largest line at 63% of revenue.
Gross margin was 45.6%, down 10.7 points from a year earlier. Operating profit was $7.3M, a 6.8% margin (down 3.1 points year over year). Operating profit fell $613K even though revenue rose $27.0M versus a year earlier, so costs grew faster than sales. Operating expenses grew 12% against revenue growth of 34%. The fastest-growing cost line was General & admin (+19%). Net earnings were $6.4M, up 2% year over year. The effective tax rate was 25.6%.
Operating cash flow was $22.0M (up 50% year over year), 345% of net earnings. Non-cash charges added back $2.8M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $8.9M. Capital expenditures of $2.8M left free cash flow of $19.2M.
Questions
What was Liquidity Services' revenue in the fourth quarter fiscal 2024?
Liquidity Services (LQDT) reported revenue of $107M for the fourth quarter fiscal 2024 (Q4 FY24), +34% from a year earlier and +14% from the quarter before.
Was Liquidity Services profitable in the fourth quarter fiscal 2024?
Operating profit was $7.3M (6.8% of revenue) and net earnings $6.4M.
Source: Liquidity Services 10-K on SEC EDGAR.