Liquidity Services Inc 2024年度报告

Fellow Shareholders, • We grew our GovDeals segment GMV by 15% to arecord $836 million, driven by increased volume,particularly in the vehicle and heavy equipmentcategories, and continued growth in our seller base.Revenue grew at a higher rate than GMV due to theexpansion of our service offerings to new, higher-volume sellers, including through the acquisition ofSierra in January 2024. Liquidity Services achieved continued market shareexpansion and consistent growth in FY2024 backed byour investments in innovation, service, and strongoperational execution for our customers. We achieveddouble-digit consolidated Gross Merchandise Volume(GMV) growth in each quarter throughout the year andeach segment achieved double-digit annual GMVgrowth, culminating in record annual GMV of$1.4 billion. • We grew our Retail Supply Chain Group (RSCG)segment GMV 12% to $321 million, and in Q4-FY24our RSCG segment set new quarterly records in,2;WJ[JSZJFSIXJLRJSYINWJHYUWTܪYFX\JIWT[Jexpanded relationships with our seller clients byleveraging our reliable marketplace services tomanage and monetize the industry’s growing volumeof returned consumer goods. Our growth wasFYYWNGZYFGQJYTWJHZWWNSLUWTIZHYܫT\XKWTRSJ\FSIexpanded client programs and the growth of ourmulti-channel buyer base, including our Liquidation.com business-to-business marketplace and ourAllSurplus Deals direct-to-consumer marketplace.4ZW78(,XJLRJSYGJSJܪYJIKWTRYMJJKܪHNJSH^gains from the release of our Single Item Receivingtool. This new capability enables our operationsteam to quickly receive and identify returned retailproducts and then sort them to the sales channelYMFY\NQQRF]NRN_JYMJNWܪSFSHNFQWJHT[JW^+TWproducts being sold directly to consumers, the SingleItem Receiving tool provides the product attributesand stock imagery required to list a product acrossmultiple marketplaces. Other enhancements includemultiple content management and navigationfeatures on Liquidation.com. As the leading global e-commerce company poweringYMJHNWHZQFWJHTSTR^\JFWJGJSJܪYYNSLKWTRJSMFSHJInetwork effects in our two-sided marketplace platformas our auction participants and completed transactionsgrew by 22% and 17%, respectively, during FY2024. Nowwith over 5.5 million registered buyers strong on ourplatform, we continue to be an engine of opportunity forsellers to monetize assets and for buyers to save moneyby accessing our growing, global supply of surplus andreturned goods. JFWJFQXTYMWNQQJIYTHJQJGWFYJFXNLSNܪHFSYRNQJXYTSJ- our 25th anniversary. Over the past quarter-century,Liquidity Services has grown from a scrappy start-upinto a leading global e-commerce company, poweringthe circular economy and delivering unmatched valueworldwide. Our journey has been marked by remarkablegrowth, innovation, and a steadfast commitment tosustainability. From developing innovative technologiesto expanding our services across the public sector,retail and industrial supply chain sectors, we havecontinuously evolved to meet the needs of our clientsFSIHTRRZSNYNJX9MNXRNQJXYTSJQJYXZXWJܫJHYTSTZWachievements and express our deepest gratitude toour dedicated team, loyal clients, and supportivestakeholders who have been instrumental inour success. • We grew our Capital Assets Group (CAG) segmentGMV 10% to $210 million, driven by consignmentsales in our industrial and heavy equipmentcategories. In FY2024, we continued to expand thecapabilities of our e-commerce platform, enablingRZQYNUQJZXJWJ]UJWNJSHJFSIGFHPTKܪHJimprovements. We introduced text messaging (SMS)KTWTZYGNISTYNܪHFYNTSXIWN[NSLFSNSHWJFXJIresponse rate. In addition, we expanded support forour resellers through a branded microsite experiencepaired with a reseller directory. FY24 Business Highlights The resilience and strength of Liquidity Services was onfull display during FY2024 as we delivered outstandingresults. Our team, driven by a culture of integrity,customer focus and relentless improvement, hasachieved successful outcomes for our customers andshareholders this year, delivering record GMV of $1.4billion, $363 million of revenues, up 14% YoY, $48.5million of adjusted EBITDA, up 6% YoY and $1.03 ofadjusted EPS, up 11% YoY. •JLWJ\TZW2FHMNSNTHQFXXNܪJIXRFWPJYUQFHJsegment revenue 17% to $16 million, due to strongclient retention, increases in new customers for oursubscription services and growth in revenue peruser. With over 4,000 subscribers in over 200countries Machinio is poised to become a leading LQTGFQHQFXXNܪJIXRFWPJYUQFHJUQFYKTWRKTWZXJImachinery and equipment. We would note thatrevenue growth has been robust despite the strongUS dollar which reduces foreign exchange reportedsales under US GAAP. We believe this strategy will deliver great value for ourcustomers and our shareholders. As we look to the future, we remain committed to drivingexcellence and innovation in all that we do. Our scalablemarketplace technology, broad range of services,IN[JWXNܪJIHQ