Profile: Liquidity Services Inc (LQDT.O)
16 Aug 2019
Liquidity Services, Inc., incorporated on November 15, 1999, operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company's marketplaces provide professional buyers access to a global 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 assets offered for sale by providing a liquid marketplace and value-added services that encompass the consultative management, valuation and sale of surplus assets.
As of September 30, 2016, the Company offered over 500 product categories in lot sizes ranging from full truck loads to pallets, packages and individual items. The Company's range of services include program management, valuation, asset management, reconciliation, Return to Vendor and Returns Management Authorization (RTV and RMA), refurbishment and recycling, fulfillment, marketing and sales, warehousing and transportation, buyer customer support, and compliance and risk mitigation. The Company organizes the products on its marketplaces into categories across 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.truckcenter.com, www.secondipity.com, www.unclesamsretailoutlet.com, www.go-dove.com and www.irondirect.com.
The Company's marketplaces and services are designed to provide sellers a solution to bring surplus assets to market and enhance the financial value realized from the sale of their surplus assets. The Company provides its sellers access to a network of liquid marketplaces with professional buyers and a suite of services, including consultative surplus asset management, sales solutions and logistics capabilities, to manage its clients' reverse supply chain and maximize total supply chain value. It also seeks the optimal methods to maximize its clients' net recovery using channel strategies and programs to deliver transparent, sustained value. Its solution combines e-commerce marketplaces with a suite of integrated sales, marketing, merchandising, fulfillment, payment collection, customer support, dispute mediation and logistics. The Company provides buyers a method for sourcing surplus consumer goods and commercial capital assets, including, industrial equipment, energy equipment and transportation assets.
The Company's www.liquidation.com marketplace enables corporations located in the United States to sell surplus and salvage consumer goods and capital assets. Its www.govliquidation.com marketplace enables selected federal government agencies, as well as commercial businesses to sell surplus and scrap assets. Its www.govdeals.com marketplace enables local and state government entities, including city, county and state agencies, as well as school boards and public utilities located in the United States, to sell surplus and salvage assets. Its www.networkintl.com marketplace enables corporations to sell idle, surplus and scrap equipment in the oil and gas, petrochemical and power generation industries. Its www.truckcenter.com marketplace enables corporations located in the United States to sell surplus and salvage transportation assets. Its www.go-dove.com marketplace enables corporations located in the United States, Europe and Asia to sell manufacturing surplus and salvage capital assets. Its www.irondirect.com marketplace enables buyers to purchase value-priced equipment, attachments, parts and services from global manufacturers of construction equipment. Its www.secondipity.com marketplace provides consumers a source of value products through an online experience. The Company's Uncle Sam's Retail Outlet Website uses a business-to-consumer model to sell surplus military goods.
The Company offers value-added services to sellers in three areas: merchandising and channel optimization; logistics, and settlement and customer support, including compliance services. Its merchandising and channel optimization encompass all of the services necessary to prepare merchandise for an auction and include channel optimization, marketing and promotion, asset lotting and merchandising, and product information enhancement. It provides logistics services designed to support the receipt, handling, transportation and tracking of merchandise offered through its marketplaces, including distribution centers; inventory management; cataloguing merchandise; testing, data wiping, de-labeling and refurbishment; return to vendor or product disposition to non-sales channels, and outbound fulfillment. Its settlement and customer support services include buyer qualification, collection and settlement, transaction tracking and reporting, and customer support and dispute resolution.
The Company's buyer services include intelligent alerts and recommendations; search and navigation tools; dynamic pricing tools product information and shipping quotes; broad and flexible range of shipping/pickup options, and secure settlement and customer support. In the search and navigation tools, buyers can search the Company's marketplaces for products based on a range of criteria and personalized settings, including product category, keyword, lot size, product condition, product geographic location and auction ending date. In dynamic pricing tools, product information and shipping quotes, the Company offers multiple dynamic pricing tools, including outbid notification, automated bid agent and automatic auction extension. In addition, the Company provides buyers the information they need to make informed decisions, including product data, seller performance and online shipping quotes. In the broad and flexible range of shipping/pickup options, the Company provides packaging and shipping services for each transaction, including buyer pickup at the Company's premises for the transactions or support of buyer arranged transportation.
Liquidity Services Inc
6931 Arlington Rd Ste 200
BETHESDA MD 20814-5269