LIQUIDITY SERVICES, INC LQDT Income Statement

Liquidity services, inc (LQDT)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Jun'10
Total revenue
52,824	49,504	58,790	56,882	56,800	54,053	52,705	50,569	60,097	61,143	61,364	65,520	72,335	70,796	78,513	85,188	86,878	65,875	79,293	89,746	102,943	125,143	118,419	126,965	128,329	121,948	129,128	124,199	130,324	122,205	122,276	121,273	125,724	106,031	79,205	83,310	89,413	75,450	72,751
From discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.09	-0.26	-0.04	-0.03	-
Diluted (loss) earnings per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.05	0.05	-2.14	-0.01	0.59	0.17	0.22	0.32	0.35	0.39	0.20	0.17	0.45	0.57	0.28	0.10	-0.04	0.18	0.05	0.11
Weighted Average Number of Shares Outstanding, Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,726	-	-	-	30,011	29,988	29,926	29,664	30,937	32,231	32,143	31,772	31,651	31,561	31,482	31,045	31,140	30,840	30,393	28,512	27,928	27,298	27,207	26,959
Costs and expenses from operations:
Cost of goods sold (excludes depreciation and amortization)
26,619	24,176	27,314	25,337	24,807	24,956	24,240	19,489	28,727	27,631	28,979	30,413	34,564	32,271	37,025	39,292	39,927	26,883	33,195	35,838	42,661	54,315	55,139	54,537	54,273	47,710	52,449	49,977	49,946	47,122	50,627	49,187	55,024	43,285	25,440	31,767	38,334	30,854	30,378
Seller distributions
0	0	2,438	2,994	2,775	2,624	3,608	3,936	3,859	3,312	4,601	5,189	4,960	4,548	3,688	2,663	2,506	2,357	4,588	6,355	7,558	9,592	8,372	8,254	8,299	10,130	8,943	8,649	9,942	8,410	9,125	10,245	11,385	12,487	14,789	12,324	11,879	10,326	10,256
From continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.19	0.22	0.22	0.08	-
Sales and marketing
10,109	9,605	9,816	8,771	9,135	8,981	8,782	8,386	8,225	8,310	7,802	8,273	9,149	9,987	8,995	9,967	9,148	9,460	10,027	10,255	10,798	10,385	11,000	10,661	10,459	9,831	9,742	10,127	9,973	10,328	10,444	7,364	6,909	6,535	5,993	5,571	5,948	5,767	5,221
Technology and operations
11,586	11,241	13,496	12,145	13,429	12,524	13,068	13,663	15,955	18,100	20,382	19,639	21,075	21,892	23,379	22,541	24,678	22,807	23,141	24,784	24,747	26,878	26,829	27,420	29,070	25,621	23,247	21,851	22,407	22,547	20,025	15,943	15,802	15,783	13,239	12,867	13,581	12,491	11,982
General and administrative
7,397	7,707	8,032	8,959	8,624	8,634	8,438	6,847	7,546	7,662	9,241	8,751	8,230	9,857	10,141	9,042	10,466	10,068	9,960	10,476	11,374	9,528	12,893	11,793	12,435	12,307	13,047	10,096	11,839	13,968	12,436	8,639	8,215	7,817	6,825	6,579	6,785	6,295	6,148
Depreciation and amortization
1,577	1,572	1,516	1,206	1,165	1,204	1,224	1,020	1,144	1,211	1,568	1,365	1,434	1,429	1,554	1,616	1,660	1,672	3,205	2,044	1,994	1,992	10,691	1,927	1,973	2,004	4,158	1,984	1,980	1,987	1,715	1,477	1,505	1,526	1,340	1,300	1,195	1,046	1,058
Amortization of contract intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,211	-	2,349	2,272	2,407	241	2,407	2,407	2,210	1,883	2,020	2,020	2,020	203	203	204	203	203
Other operating (income) expenses
12	-193	-1,463	-2,031	-1,350	-205	830	-452	-311	-1,459	-2,608	-652	-1,319	928	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	39	-	0	0	96,238	0	-18,564	85	95	94	239	212	5,376	7,257	1,109	-6,989	318	1,761	246	0	4,695	524
Total costs and expenses
57,276	54,494	64,177	61,443	61,285	59,128	58,997	53,793	65,767	67,685	76,190	74,282	80,731	79,056	103,780	85,121	88,385	73,286	142,317	89,752	99,132	210,139	117,896	98,377	118,866	110,105	111,921	105,330	108,706	111,948	113,512	95,984	93,871	89,771	69,590	70,857	77,926	71,677	65,770
Other operating income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from operations
-4,452	-4,990	-5,387	-4,561	-4,485	-5,075	-6,292	-3,224	-5,670	-6,542	-14,826	-8,762	-8,396	-8,260	-25,267	67	-1,507	-7,411	-63,024	-6	3,811	-84,996	523	28,588	9,463	11,843	17,207	18,869	21,618	10,257	8,764	25,289	31,853	16,260	9,615	12,453	11,487	3,773	6,981
Interest and other income, net
257	252	224	454	451	319	-255	131	394	515	360	189	91	-34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest (income) expense and other expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	208	-390	-60	-	8	39	38	-625	197	79	-21	-1,476	-56	-96	924	-593	-517	-583	-525	-403	-274	-270	-243	50
Loss before provision for income taxes
-4,195	-4,738	-5,163	-4,107	-4,034	-4,756	-6,547	-3,093	-5,276	-6,027	-14,466	-8,573	-8,305	-8,294	-24,292	-141	-1,117	-7,351	-63,110	-14	3,772	-85,034	450	28,391	9,384	11,822	17,139	18,813	21,522	11,181	8,171	24,772	31,270	15,735	9,212	12,179	11,217	3,530	7,031
Provision for income taxes
43	458	64	542	328	266	-5,504	612	379	-4,815	-542	41	-53	103	29,463	-17	-267	-2,154	-19,415	-1,629	2,391	-20,918	10,615	10,018	3,753	-4,729	6,730	7,525	8,824	4,472	2,626	9,909	12,508	6,609	3,401	5,616	5,059	1,383	4,041
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,811	6,563	6,158	2,147	-
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,684	-7,620	-1,099	-764	-
Net loss
-4,238	-5,196	-5,227	-4,649	-4,362	-5,022	-1,043	-3,705	-5,655	-1,212	-13,924	-8,614	-8,252	-8,397	-53,755	-124	-850	-5,197	-43,695	1,615	1,381	-64,116	-707	18,373	5,631	7,093	10,409	11,288	12,698	6,709	5,545	14,863	18,762	9,126	3,127	-1,057	5,059	1,383	2,990
From continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.21	0.23	0.23	0.08	-
From discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.10	-0.27	-0.04	-0.03	-
Basic (loss) earnings per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.05	0.05	-2.14	-0.01	0.59	0.17	0.22	0.33	0.36	0.40	0.21	0.18	0.48	0.61	0.30	0.11	-0.04	0.19	0.05	0.11
Basic and diluted loss per common share (in dollars per share)
-0.13	-0.15	-0.16	-0.14	-0.13	-0.15	-0.02	-0.12	-0.18	-0.04	-0.45	-0.27	-0.26	-0.27	-1.76	0.00	-0.03	-0.17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted weighted average shares outstanding (in shares)
33,624	33,545	33,291	33,164	32,987	32,808	32,428	32,104	31,972	31,876	31,503	31,485	31,361	31,261	30,740	30,726	30,594	30,490	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted weighted average shares outstanding (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,011	29,988	29,926	29,664	30,937	32,321	32,658	32,702	32,540	32,331	33,054	32,788	33,183	32,778	32,382	30,527	29,440	28,068	28,291	27,371
Revenue
Total revenue
35,203	30,349	38,411	36,388	37,355	35,735	34,213	32,080	43,104	40,280	43,771	44,404	52,415	47,980	55,242	62,025	66,423	50,138	64,159	70,060	83,286	98,163	91,974	100,307	102,920	93,470	93,908	99,673	106,199	104,261	102,167	105,601	112,165	95,896	-	75,163	83,097	-	-
Fee revenue
Total revenue
17,621	19,155	20,379	20,494	19,445	18,318	18,492	18,489	16,993	20,863	17,593	21,116	19,920	22,816	23,271	23,163	20,455	15,737	15,134	19,686	19,657	26,980	26,445	26,658	25,409	28,478	35,220	24,526	24,125	17,944	20,109	15,672	13,559	10,135	-	8,147	6,316	-	-