John Daunt, Executive Vice President and Chief Commercial Officer of Liquidity Services Inc. (NASDAQ:LQDT), reported several transactions involving the company's common stock on December 17, 2024. The transactions come as the company's stock has shown remarkable performance, with an 81% gain year-to-date and a market capitalization of approximately $955 million.
Daunt sold a total of 4,546 shares of common stock, with prices ranging from $31.59 to $31.75, resulting in a total sale value of $144,026. These transactions were conducted indirectly through The Daunt Family Trust.
In addition to these sales, Daunt exercised stock options to acquire shares at various prices. He acquired 2,616 shares at $9.46, 1,353 shares at $22.2, and 577 shares at $14.0. These acquisitions were also made through The Daunt Family Trust.
Following these transactions, Daunt holds 43,309 shares of Liquidity Services Inc. through the trust.
In other recent news, Liquidity Services Inc. has made significant strides in its financial performance. The company's Q4 2024 earnings report revealed earnings per share (EPS) of $0.32, exceeding the projected $0.28, and revenues of $106.9 million, more than double the estimated $50.88 million. Furthermore, the company reported an annual Gross Merchandise Volume (GMV) of $1.4 billion, reflecting a 14% year-over-year increase, and ended the quarter with $155.5 million in cash, carrying no debt.
Liquidity Services also demonstrated strong growth in Q4 2024, driven by substantial increases in GMV and revenue. Year-over-year, the company's annual revenue increased by 16%, indicating 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.
For Q1 2025, Liquidity Services projected a 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 CEO, Bill Angrick, expressed confidence in the company’s strategic direction, emphasizing Liquidity Services’ role as a market leader in the circular economy. These developments are part of the company's recent progress.
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