$LQDT
LIQUIDITY SERVICES INC Stock $lqdt

$lqdt Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000162828018000829 Filed on February 01, 2018

Income Statement

Concept	2017 Q4	2016 Q4
Revenue	$61.14M	$61.14M
YoY Change	0.0%	-13.63%
Cost Of Revenue	$27.63M	$32.27M
YoY Change	-14.38%	20.04%
Gross Profit	$30.20M	$30.20M
YoY Change	0.0%	-11.12%
Gross Profit Margin	49.39%	49.39%
Selling, General & Admin	$15.97M	$46.30M
YoY Change	-65.5%	3.58%
% of Gross Profit	52.89%	153.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.211M	$1.430M
YoY Change	-15.31%	-14.37%
% of Gross Profit	4.01%	4.74%
Operating Expenses	$35.28M	$42.24M
YoY Change	-16.47%	-8.97%
Operating Profit	-$6.542M	-$8.260M
YoY Change	-20.8%	11.46%
Interest Expense	$400.0K	$0.00
YoY Change		-100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$6.027M	-$6.027M
YoY Change	0.0%	-27.33%
Income Tax	-$4.815M	$103.0K
% Of Pretax Income
Net Earnings	-$1.200M	-$8.400M
YoY Change	-85.71%	61.54%
Net Earnings / Revenue	-1.96%	-13.74%
Basic Earnings Per Share
Diluted Earnings Per Share	-$37.62K	-$268.4K
COMMON SHARES
Basic Shares Outstanding	31.88M shares	31.26M shares
Diluted Shares Outstanding	31.88M shares	31.26M shares

Balance Sheet

Concept	2017 Q4	2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$96.80M	$126.9M
YoY Change	-23.72%	48.42%
Cash & Equivalents	$96.77M	$126.9M
Short-Term Investments
Other Short-Term Assets	$7.400M	$11.60M
YoY Change	-36.21%	-57.35%
Inventory	$17.05M	$26.74M
Prepaid Expenses
Receivables	$7.442M	$10.71M
Other Receivables	$0.00	$1.200M
Total Short-Term Assets	$128.7M	$177.1M
YoY Change	-27.37%	-1.37%
LONG-TERM ASSETS
Property, Plant & Equipment	$16.53M	$15.59M
YoY Change	6.03%	15.49%
Goodwill	$45.47M	$44.79M
YoY Change	1.52%
Intangibles	$425.0K	$2.324M
YoY Change	-81.71%
Long-Term Investments
YoY Change
Other Assets	$12.81M	$11.85M
YoY Change	8.12%	-47.35%
Total Long-Term Assets	$76.19M	$75.57M
YoY Change	0.83%	-26.77%
TOTAL ASSETS
Total Short-Term Assets	$128.7M	$177.1M
Total Long-Term Assets	$76.19M	$75.57M
Total Assets	$204.8M	$252.7M
YoY Change	-18.94%	-10.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$11.51M	$9.180M
YoY Change	25.37%	-78.04%
Accrued Expenses	$26.50M	$43.10M
YoY Change	-38.52%	70.36%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$0.00
YoY Change
Total Short-Term Liabilities	$65.74M	$85.81M
YoY Change	-23.39%	27.89%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$65.74M	$85.81M
Total Long-Term Liabilities	$0.00	$0.00
Total Liabilities	$72.33M	$96.93M
YoY Change	-25.38%	37.69%
SHAREHOLDERS EQUITY
Retained Earnings	-$89.65M	-$57.44M
YoY Change	56.09%
Common Stock	$228.7M	$222.4M
YoY Change	2.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$132.5M	$155.8M
YoY Change
Total Liabilities & Shareholders Equity	$204.8M	$252.7M
YoY Change	-18.94%	-10.64%

Cashflow Statement

Concept	2017 Q4	2016 Q4
OPERATING ACTIVITIES
Net Income	-$1.200M	-$8.400M
YoY Change	-85.71%	61.54%
Depreciation, Depletion And Amortization	$1.211M	$1.430M
YoY Change	-15.31%	-14.37%
Cash From Operating Activities	$3.496M	-$5.021M
YoY Change	-169.63%	-39.49%
INVESTING ACTIVITIES
Capital Expenditures	$948.0K	$2.321M
YoY Change	-59.16%	62.54%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$966.0K	-$2.328M
YoY Change	-58.51%	59.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$0.00	$32.00K
YoY Change	-100.0%	-166.67%
NET CHANGE
Cash From Operating Activities	$3.496M	-$5.021M
Cash From Investing Activities	-$966.0K	-$2.328M
Cash From Financing Activities	$0.00	$32.00K
Net Change In Cash	$2.530M	-$7.317M
YoY Change	-134.58%	-25.36%
FREE CASH FLOW
Cash From Operating Activities	$3.496M	-$5.021M
Capital Expenditures	$948.0K	$2.321M
Free Cash Flow	$2.548M	-$7.342M
YoY Change	-134.7%	-24.51%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2328000	USD
CY2017Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-966000	USD
CY2017Q4	us-gaap	Assets Assets	204849000	USD
CY2017Q3	us-gaap	Assets Current AssetsCurrent	138922000	USD
CY2017Q4	dei	Amendment Flag AmendmentFlag	false
CY2017Q4	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q4	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q4	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2017Q4	dei	Document Period End Date DocumentPeriodEndDate	2017-12-31
CY2017Q4	dei	Document Type DocumentType	10-Q
CY2017Q4	dei	Entity Central Index Key EntityCentralIndexKey	0001235468
CY2018Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	31935263	shares
CY2017Q4	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017Q4	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2017Q4	dei	Entity Registrant Name EntityRegistrantName	LIQUIDITY SERVICES INC
CY2017Q3	lqdt	Accrued Expenses And Other Current Liabilities AccruedExpensesAndOtherCurrentLiabilities	30193000	USD
CY2017Q4	lqdt	Accrued Expenses And Other Current Liabilities AccruedExpensesAndOtherCurrentLiabilities	26469000	USD
CY2017Q4	lqdt	Estimated Effective Income Tax Rate Continuing Operations EstimatedEffectiveIncomeTaxRateContinuingOperations	-0.058
CY2017Q4	lqdt	Finite Lived Intangible Assets Amortization Expense Year Five And Thereafter FiniteLivedIntangibleAssetsAmortizationExpenseYearFiveAndThereafter	169000	USD
CY2016Q4	lqdt	Increase Decrease In Prepaid Expensesand Deferred Taxes IncreaseDecreaseInPrepaidExpensesandDeferredTaxes	9000	USD
CY2017Q4	lqdt	Increase Decrease In Prepaid Expensesand Deferred Taxes IncreaseDecreaseInPrepaidExpensesandDeferredTaxes	51000	USD
CY2016Q4	lqdt	Increase Decrease In Profit Sharing Distributions Payable IncreaseDecreaseInProfitSharingDistributionsPayable	2967000	USD
CY2017Q4	lqdt	Increase Decrease In Profit Sharing Distributions Payable IncreaseDecreaseInProfitSharingDistributionsPayable	-693000	USD
CY2016Q4	lqdt	Increase Decreasein Payablesto Sellers IncreaseDecreaseinPayablestoSellers	-11000	USD
CY2017Q4	lqdt	Increase Decreasein Payablesto Sellers IncreaseDecreaseinPayablestoSellers	995000	USD
CY2017Q4	lqdt	Number Of Clients NumberOfClients	10000	client
CY2017Q1	lqdt	Number Of Shares Counted For Grants Of Full Value Awards From Reserve NumberOfSharesCountedForGrantsOfFullValueAwardsFromReserve	1.5	shares
CY2017Q4	lqdt	Numberof Product Categories Offered NumberofProductCategoriesOffered	500
CY2017Q3	lqdt	Payablesto Sellers Current PayablestoSellersCurrent	24383000	USD
CY2017Q4	lqdt	Payablesto Sellers Current PayablestoSellersCurrent	25377000	USD
CY2016Q4	lqdt	Profit Sharing Distributions ProfitSharingDistributions	4548000	USD
CY2017Q4	lqdt	Profit Sharing Distributions ProfitSharingDistributions	3312000	USD
CY2017Q3	lqdt	Profit Sharing Distributions Payable ProfitSharingDistributionsPayable	3081000	USD
CY2017Q4	lqdt	Profit Sharing Distributions Payable ProfitSharingDistributionsPayable	2388000	USD
CY2017Q4	lqdt	Reportable Segments Percentageof Revenue ReportableSegmentsPercentageofRevenue	0.97
CY2016Q4	lqdt	Sales And Marketing SalesAndMarketing	9987000	USD
CY2017Q4	lqdt	Sales And Marketing SalesAndMarketing	8310000	USD
CY2016Q4	lqdt	Sharebased Compensation Adjustment For Forfeitures SharebasedCompensationAdjustmentForForfeitures	0	USD
CY2017Q4	lqdt	Sharebased Compensation Adjustment For Forfeitures SharebasedCompensationAdjustmentForForfeitures	113000	USD
CY2017Q4	lqdt	Tax Cutsand Jobs Actof2017 Blended Tax Rate Percent TaxCutsandJobsActof2017BlendedTaxRatePercent	0.2453
CY2017Q4	lqdt	Tax Cutsand Jobs Actof2017 Changein Tax Rate Alternative Minimum Income Tax Credit Income Tax Expense Benefit TaxCutsandJobsActof2017ChangeinTaxRateAlternativeMinimumIncomeTaxCreditIncomeTaxExpenseBenefit	-1700000	USD
CY2017Q4	lqdt	Tax Cutsand Jobs Actof2017 Changein Tax Rate Deferred Tax Asset Income Tax Expense Benefit TaxCutsandJobsActof2017ChangeinTaxRateDeferredTaxAssetIncomeTaxExpenseBenefit	-3500000	USD
CY2017Q4	lqdt	Tax Cutsand Jobs Actof2017 Changein Tax Rate Income Tax Expense Benefit TaxCutsandJobsActof2017ChangeinTaxRateIncomeTaxExpenseBenefit	-5200000	USD
CY2016Q4	lqdt	Technologyand Operations Expense TechnologyandOperationsExpense	21892000	USD
CY2017Q4	lqdt	Technologyand Operations Expense TechnologyandOperationsExpense	18100000	USD
CY2017Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	13099000	USD
CY2017Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	11509000	USD
CY2017Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	11598000	USD
CY2017Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7442000	USD
CY2017Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-6431000	USD
CY2017Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-6482000	USD
CY2017Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	227264000	USD
CY2017Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	228626000	USD
CY2017Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	668000	USD
CY2017Q4	us-gaap	Assets Current AssetsCurrent	128656000	USD
CY2016Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	134513000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	126914000	USD
CY2017Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	685000	USD
CY2016Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	300000	USD
CY2017Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	20000	USD
CY2017Q3	us-gaap	Assets Assets	215229000	USD
CY2017Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	94348000	USD
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	96766000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-7599000	USD
CY2017Q4	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	2418000	USD
CY2017Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies	0	USD
CY2017Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies	0	USD
CY2017Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	120000000	shares
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	120000000	shares
CY2017Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	31503349	shares
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	31889679	shares
CY2017Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	31503349	shares
CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	31889679	shares
CY2017Q3	us-gaap	Common Stock Value CommonStockValue	29000	USD
CY2017Q4	us-gaap	Common Stock Value CommonStockValue	29000	USD
CY2016Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-9036000	USD
CY2017Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1263000	USD
CY2016Q4	us-gaap	Cost Of Goods Sold CostOfGoodsSold	32271000	USD
CY2017Q4	us-gaap	Cost Of Goods Sold CostOfGoodsSold	27631000	USD
CY2016Q4	us-gaap	Costs And Expenses CostsAndExpenses	79056000	USD
CY2017Q4	us-gaap	Costs And Expenses CostsAndExpenses	67595000	USD
CY2016Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	USD
CY2017Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-5017000	USD
CY2017Q3	us-gaap	Deferred Tax And Other Liabilities Noncurrent DeferredTaxAndOtherLiabilitiesNoncurrent	11837000	USD
CY2017Q4	us-gaap	Deferred Tax And Other Liabilities Noncurrent DeferredTaxAndOtherLiabilitiesNoncurrent	6584000	USD
CY2017Q3	us-gaap	Deferred Tax Assets Gross Noncurrent DeferredTaxAssetsGrossNoncurrent	962000	USD
CY2017Q4	us-gaap	Deferred Tax Assets Gross Noncurrent DeferredTaxAssetsGrossNoncurrent	962000	USD
CY2017Q3	us-gaap	Defined Benefit Plan Funded Status Of Plan DefinedBenefitPlanFundedStatusOfPlan	-1900000	USD
CY2017Q4	us-gaap	Defined Benefit Plan Funded Status Of Plan DefinedBenefitPlanFundedStatusOfPlan	-2000000	USD
CY2016Q4	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1429000	USD
CY2017Q4	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1211000	USD
CY2016Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.27
CY2017Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.04
CY2016Q4	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-282000	USD
CY2017Q4	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-112000	USD
CY2017Q4	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2017Q4	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2016Q4	us-gaap	Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	928000	USD
CY2017Q4	us-gaap	Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	-110000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	516000	USD
CY2017Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	534000	USD
CY2017Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	58000	USD
CY2017Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	58000	USD
CY2017Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	69000	USD
CY2017Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	71000	USD
CY2017Q3	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	943000	USD
CY2017Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	959000	USD
CY2016Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	9857000	USD
CY2017Q4	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	7572000	USD
CY2017Q3	us-gaap	Goodwill Goodwill	45388000	USD
CY2017Q4	us-gaap	Goodwill Goodwill	45466000	USD
CY2017Q4	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	78000	USD
CY2016Q4	us-gaap	Gross Profit GrossProfit	33977000	USD
CY2017Q4	us-gaap	Gross Profit GrossProfit	30199000	USD
CY2015Q1	us-gaap	Guarantee Obligations Current Carrying Value GuaranteeObligationsCurrentCarryingValue	10000000	GBP
CY2016Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-8294000	USD
CY2017Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-6027000	USD
CY2016Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	103000	USD
CY2017Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-4815000	USD
CY2016Q4	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-209000	USD
CY2017Q4	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	251000	USD
CY2016Q4	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-552000	USD
CY2017Q4	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1590000	USD
CY2016Q4	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	440000	USD
CY2017Q4	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-4140000	USD
CY2016Q4	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-2922000	USD
CY2017Q4	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-3549000	USD
CY2016Q4	us-gaap	Increase Decrease In Intangible Assets Current IncreaseDecreaseInIntangibleAssetsCurrent	7000	USD
CY2017Q4	us-gaap	Increase Decrease In Intangible Assets Current IncreaseDecreaseInIntangibleAssetsCurrent	18000	USD
CY2016Q4	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-151000	USD
CY2017Q4	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1842000	USD
CY2016Q4	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-381000	USD
CY2017Q4	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-78000	USD
CY2016Q4	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-773000	USD
CY2017Q4	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-4714000	USD
CY2017Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	427000	USD
CY2017Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	425000	USD
CY2016Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-34000	USD
CY2017Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	425000	USD
CY2017Q3	us-gaap	Inventory Net InventoryNet	20736000	USD
CY2017Q4	us-gaap	Inventory Net InventoryNet	17053000	USD
CY2016Q4	us-gaap	Inventory Write Down InventoryWriteDown	715000	USD
CY2017Q4	us-gaap	Inventory Write Down InventoryWriteDown	1841000	USD
CY2017Q3	us-gaap	Liabilities Liabilities	82593000	USD
CY2017Q4	us-gaap	Liabilities Liabilities	72327000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	215229000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	204849000	USD
CY2017Q3	us-gaap	Liabilities Current LiabilitiesCurrent	70756000	USD
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	65743000	USD
CY2016Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	32000	USD
CY2017Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	0	USD
CY2016Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-5021000	USD
CY2017Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3496000	USD
CY2016Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-8397000	USD
CY2017Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1212000	USD
CY2017Q4	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3
CY2017Q4	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	reportablesegment
CY2016Q4	us-gaap	Operating Expenses OperatingExpenses	42237000	USD
CY2017Q4	us-gaap	Operating Expenses OperatingExpenses	36651000	USD
CY2016Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-8260000	USD
CY2017Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-6452000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	12737000	USD
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	12809000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-639000	USD
CY2017Q4	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-51000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-639000	USD
CY2017Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-51000	USD
CY2016Q4	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	928000	USD
CY2017Q4	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-1459000	USD
CY2017Q4	us-gaap	Payments For Restructuring PaymentsForRestructuring	1330000	USD
CY2016Q4	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2321000	USD
CY2017Q4	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	948000	USD
CY2017Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	9774000	USD
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	4878000	USD
CY2017Q3	us-gaap	Prepaid Taxes PrepaidTaxes	2466000	USD
CY2017Q4	us-gaap	Prepaid Taxes PrepaidTaxes	2517000	USD
CY2016Q4	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	32000	USD
CY2017Q4	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	16793000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	16531000	USD
CY2016Q4	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	84000	USD
CY2017Q4	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	16000	USD
CY2017Q4	us-gaap	Restructuring Charges RestructuringCharges	1300000	USD
CY2017Q4	us-gaap	Restructuring Charges RestructuringCharges	1347000	USD
CY2017Q3	us-gaap	Restructuring Reserve RestructuringReserve	3180000	USD
CY2017Q4	us-gaap	Restructuring Reserve RestructuringReserve	3200000	USD
CY2017Q4	us-gaap	Restructuring Reserve RestructuringReserve	3197000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-88226000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-89651000	USD
CY2016Q4	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	47980000	USD
CY2017Q4	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	40280000	USD
CY2016Q4	us-gaap	Sales Revenue Net SalesRevenueNet	70796000	USD
CY2017Q4	us-gaap	Sales Revenue Net SalesRevenueNet	61143000	USD
CY2016Q4	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	22816000	USD
CY2017Q4	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	20863000	USD
CY2016Q4	us-gaap	Share Based Compensation ShareBasedCompensation	2500000	USD
CY2017Q4	us-gaap	Share Based Compensation ShareBasedCompensation	930000	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized	3300000	shares
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	13000000	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	16300000	shares
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	132522000	USD
CY2016Q4	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2017Q4	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2017Q4	us-gaap	Share Price SharePrice	4.85
CY2017Q4	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	10100000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	132636000	USD
CY2016Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	31261603	shares
CY2017Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	31876603	shares
CY2016Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	31261603	shares
CY2017Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	31876603	shares
CY2016Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31261603	shares
CY2017Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31876603	shares
CY2017Q4	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Risk Associated with Certain Concentrations</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company does not perform credit evaluations for the majority of its buyers. However, substantially all sales are recorded subsequent to payment authorization being received. As a result, the Company is not subject to significant collection risk, as most goods are not shipped before payment is received.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For consignment sales transactions, funds are typically collected from buyers and are held by the Company on the sellers' behalf. The funds are included in cash in the consolidated financial statements. The Company releases the funds to the seller, less the Company's commission and other fees due, after the buyer has accepted the goods or within 30 days, depending on the state where the buyer and seller conduct business. The amount of cash held on behalf of the sellers is recorded as Payables to sellers in the accompanying Consolidated Balance Sheets.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash in banks over FDIC limits, and accounts receivable. The Company deposits its cash with financial institutions that the Company considers to be of high credit quality.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the quarter ended December 31, 2017, the Company had two material vendor contracts with the Department of Defense (DoD) under which it acquired, managed and sold government property, the Surplus contract and the Scrap contract. Revenue from the sale of property acquired, as well as provision of services, under the Surplus Contract accounted for </font><font style="font-family:inherit;font-size:10pt;">26.5%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">29.9%</font><font style="font-family:inherit;font-size:10pt;"> of the Company's consolidated revenue for the quarters ended December 31, 2017 and 2016, respectively. Revenue from the sale of property acquired under the Scrap contract accounted for approximately </font><font style="font-family:inherit;font-size:10pt;">8.4%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">10.0%</font><font style="font-family:inherit;font-size:10pt;"> of the Company's total revenue for the quarters ended December 31, 2017 and 2016, respectively. These contracts are included within the Company's CAG segment.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additionally, the Company has a vendor contract with Amazon.com, Inc. under which the Company acquires and sells commercial merchandise. The property purchased under this contract represented approximately </font><font style="font-family:inherit;font-size:10pt;">19.4%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">17.8%</font><font style="font-family:inherit;font-size:10pt;"> of cost of goods sold for the quarters ended December 31, 2017 and 2016, respectively. This contract is included within the Company's RSCG segment.</font></div></div>
CY2017Q4	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:46px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liquidity Services (the “Company”) operates a network of leading ecommerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over </font><font style="font-family:inherit;font-size:10pt;">500</font><font style="font-family:inherit;font-size:10pt;"> product categories. The Company’s marketplaces provide professional buyers access to a global, organized supply of new, surplus, and scrap assets presented with digital images and other relevant product information. Additionally, the Company enables its corporate and government sellers to enhance their financial return on offered assets by providing a liquid marketplace and value-added services that encompass the consultative management, valuation, and sale of surplus assets. The Company's broad range of services include program management, valuation, asset management, reconciliation, Return to Vendor ("RTV") and Returns Management Authorization ("RMA"), refurbishment and recycling, fulfillment, marketing and sales, warehousing and transportation, buyer support, and compliance and risk mitigation, as well as self-service tools. The Company organizes the products on its marketplaces into categories across major industry verticals such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, energy equipment, industrial capital assets, fleet and transportation equipment and specialty equipment. The Company’s marketplaces are www.liquidation.com, www.govliquidation.com, www.govdeals.com, www.networkintl.com, www.secondipity.com, www.go-dove.com, www.unclesamsretailoutlet.com, www.irondirect.com, and www.auctiondeals.com. The Company has over </font><font style="font-family:inherit;font-size:10pt;">10,000</font><font style="font-family:inherit;font-size:10pt;"> sellers, including Fortune 1000 and Global 500 organizations as well as federal, state, and local government agencies. The Company has </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> reportable segments, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and GovDeals. See Note 13 in the Notes to the Consolidated Financial Statements for Segment Information.</font></div><div style="line-height:120%;text-indent:46px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's operations are subject to certain risks and uncertainties, many of which are associated with technology-oriented companies, including, but not limited to, the Company's dependence on use of the Internet, the effect of general business and economic trends, the Company's susceptibility to rapid technological change, actual and potential competition by entities with greater financial and other resources than the Company, and the potential for the U.S. Government agencies or the commercial sellers from which the Company derives a significant portion of its inventory to change the way they conduct their disposition of surplus or scrap assets or to otherwise terminate or elect not to renew their contracts with the Company. </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has evaluated subsequent events through the date that these financial statements were issued and filed with the Securities and Exchange Commission.</font></div></div>

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$LQDT
LIQUIDITY SERVICES INC Stock $lqdt

2017 Q4 Form 10-Q Financial Statement

#000162828018000829 Filed on February 01, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LQDT LIQUIDITY SERVICES INC Stock $lqdt

2017 Q4 Form 10-Q Financial Statement

#000162828018000829 Filed on February 01, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LQDT
LIQUIDITY SERVICES INC Stock $lqdt