Steven Weiskircher, SVP and Chief Technology Officer at Liquidity Services Inc. (NASDAQ:LQDT), recently executed several stock transactions, as reported in an SEC filing. The company, currently valued at approximately $955 million, has demonstrated impressive momentum with a 21% return over the past week according to InvestingPro data. On December 16 and 17, Weiskircher sold a combined total of 33,773 shares of common stock, with sale prices ranging from $30.94 to $33.31 per share, totaling approximately $1.03 million.
Additionally, Weiskircher acquired shares through multiple stock option exercises. On December 16, he acquired 2,046 shares at a price of $9.46 per share, amounting to $19,355. On December 17, further acquisitions included 1,748 shares at $22.20 per share and 315 shares at $14.00 per share, totaling $38,805 and $4,410, respectively.
Following these transactions, Weiskircher's direct ownership stands at 56,942 shares.
In other recent news, Liquidity Services Inc., a global solution provider in the reverse supply chain, has outperformed expectations in its Q4 2024 earnings report. The company reported a Q4 earnings per share (EPS) of $0.32, surpassing the forecast of $0.28, and revenue for the quarter reached $106.9 million, more than doubling the $50.88 million forecast. The company also reported an annual Gross Merchandise Volume (GMV) of $1.4 billion, a 14% increase year-over-year, and ended the quarter with $155.5 million in cash and no debt.
These recent developments reflect Liquidity Services' strong performance and growth in Q4 2024. The company's annual revenue increased by 16%, reflecting robust demand in its core markets. Additionally, the company reported a GAAP net income of $20 million, up 9% YoY, and an operational cash flow of $22 million generated in Q4.
Looking ahead, Liquidity Services provided guidance for Q1 2025, projecting GMV between $350 million and $385 million and GAAP net income of $2.5 million to $5 million. The company aims to achieve a GMV of $2 billion within the next few years and targets $100 million in annual EBITDA. The company's CEO, Bill Angrick, expressed confidence in the company’s strategic direction and emphasized Liquidity Services’ role as a market leader in the circular economy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.