Liquidity Services, Inc. (NASDAQ:LQDT) Q2 2024 Results Conference Call August 8, 2024 10:30 AM ET
Company Participants
Michael Patrick - Investor Relations
Bill Angrick - Chairman and Chief Executive Officer
Jorge Celaya - Executive Vice President and Chief Financial Officer
Conference Call Participants
Gary Prestopino - Barrington Research
George Sutton - Craig-Hallum
Operator
Welcome to the Liquidity Services Inc. Third Quarter of Fiscal Year 2024 Financial Results Conference Call. My name is Lauren Cannon, and I will be your operator for today's call. Please note that this conference call is being recorded. [Operator Instructions]
I will now turn the call over to Michael Patrick, Liquidity Services Vice President, and Controller.
Michael Patrick
Good morning. On the call today are Bill Angrick, our Chairman and Chief Executive Officer; and Jorge Celaya, our Executive Vice President and Chief Financial Officer. They will be available for questions after their prepared remarks. The following discussion and responses to your questions reflect management's views as of today, August 8, 2024, and will include forward-looking statements.
Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today's press release and in filings with the SEC, including our most recent annual report on Form 10-K. As you listen to today's call, please have our press release in front of you, which includes our financial results as well as metrics and commentary on the quarter.
During this call, management will discuss certain non-GAAP financial measures. In our press release and filings with the SEC each of which is posted on our website, you will find additional disclosures regarding these non-GAAP measures, including the reconciliations of these measures with their most comparable GAAP measures as available. Management also uses certain supplemental operating data as a measure of certain components of operating performance, which we also believe is useful for management and investors. This supplemental operating data includes gross merchandise volume and should not be considered a substitute for or superior to GAAP results.
At this time, I will turn the presentation over to our Chairman and CEO, Bill Angrick.
Bill Angrick
Good morning, and welcome to our Q3 earnings call. I'll review our Q3 performance and the progress of our business segments and next Jorge Celaya will provide more details on the quarter. We're proud to report record GMV this quarter of $380 million driven by market share gains, expanded services and outstanding buyer participation. These results provide a strong proof point that we are on track to achieve our near-term goal of $1.5 billion in annual GMV.