Edward Kolodzieski, a director at Liquidity Services Inc. (NASDAQ:LQDT), recently sold 2,000 shares of common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $32.90 each, totaling approximately $65,800. The sale comes as the stock has shown remarkable strength, delivering an 88.5% return over the past year. According to InvestingPro analysis, the company, now valued at nearly $980 million, maintains strong financial health with impressive gross profit margins of 51%. Following this transaction, Kolodzieski retains direct ownership of 15,229 shares in the company.
In the same filing, it was noted that Kolodzieski holds 9,306 restricted stock units, which are set to vest on March 11, 2025. Each restricted stock unit is equivalent to one share of Liquidity Services common stock.
In other recent news, Liquidity Services Inc. has been making notable strides in its financial performance. The company's Q4 2024 earnings report showed both earnings per share (EPS) and revenue surpassing projections. The reported Q4 EPS was $0.32, exceeding the estimated $0.28, and revenue for the quarter reached $106.9 million, more than double the forecasted $50.88 million. Liquidity Services also reported an annual Gross Merchandise Volume (GMV) of $1.4 billion, marking a 14% increase year-over-year, and ended the quarter with $155.5 million in cash and no debt.
Liquidity Services showed significant growth in Q4 2024, driven by substantial increases in GMV and revenue. The company's annual revenue increased by 16% year-over-year, reflecting robust demand in its core markets. The company also reported a GAAP net income of $20 million, up 9% YoY, and an operational cash flow of $22 million generated in Q4.
In terms of future expectations, Liquidity Services provided guidance for Q1 2025, projecting a GMV between $350 million and $385 million and a GAAP net income of $2.5 million to $5 million. 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. These recent developments underline Liquidity Services' strong financial health and potential for continued growth.
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