William P. Angrick III, Chairman and CEO of Liquidity Services Inc. (NASDAQ:LQDT), has sold 100,000 shares of the company's common stock. The transaction, which took place on December 16, 2024, was executed at a price of $33.30 per share, resulting in a total sale value of approximately $3.3 million. The sale comes as the company's stock has shown remarkable strength, with an 81% gain year-to-date according to InvestingPro data. Following this transaction, Angrick holds 5,101,557 shares indirectly through the William P. Angrick III Revocable Trust. The filing indicates that these shares are held in a trust for Angrick's benefit, though he disclaims beneficial ownership. InvestingPro analysis shows the company maintains strong fundamentals with an impressive 51% gross profit margin and a "GREAT" overall financial health score. For deeper insights into LQDT's valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Liquidity Services Inc. has shared the transcript of its Q4 2024 earnings conference call, offering investors insights into the company's performance and future direction. The company outperformed expectations in its Q4 2024 earnings report, with both earnings per share (EPS) and revenue exceeding projections. Liquidity Services reported a Q4 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.
Additionally, the company 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. Liquidity Services also demonstrated significant growth in Q4 2024, driven by substantial increases in GMV and revenue. Year-over-year, the company's annual revenue increased by 16%, reflecting robust demand in its core markets.
For Q1 2025, Liquidity Services is projecting GMV between $350 million and $385 million and 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 are the recent developments for Liquidity Services Inc.
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