SEC Comment Letter 0000000000-24-003780 to LIQUIDITY SERVICES INC (LQDT) (CIK 0001235468) (LQDT)
LIQUIDITY SERVICES INC (LQDT) (CIK 0001235468)
Date: April 9, 2024 · CIK: 0001235468 · Accession: 0000000000-24-003780
AI Filing Summary & Sentiment
Letter
United States securities and exchange commission logo April 9, 2024 Jorge A. Celaya Executive Vice President and Chief Financial Officer Liquidity Services, Inc. 6931 Arlington Road Suite 460 Bethesda, MD 20814 Re:Liquidity Services, Inc. Form 10-K for Fiscal Year Ended September 30, 2023 Annual Report to Security Holders for Fiscal Year Ended September 30, 2023 File No. 0-51813 Dear Jorge A. Celaya: We have reviewed your filings and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Annual Report to Security Holders for Fiscal Year Ended September 30, 2023 FY23 Business Highlights, page 4 1.We note you present non-GAAP measures of Free Cash Flow, Non-GAAP Adjusted Net Income and Income Tax Impact of the Non-GAAP Adjustments on page 4 of your Annual Report to Security Holders. Please revise to include the disclosures required by Item 100(a) of Regulation G. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameJorge A. Celaya Comapany NameLiquidity Services, Inc. April 9, 2024 Page 2 FirstName LastName Jorge A. Celaya Liquidity Services, Inc. April 9, 2024 Page 2 Please contact Valeria Franks at 202-551-7705 or Blaise Rhodes at 202-551-3774 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
April 9, 2024
Jorge A. Celaya
Executive Vice President and Chief Financial Officer
Liquidity Services, Inc.
6931 Arlington Road
Suite 460
Bethesda, MD 20814
Re:Liquidity Services, Inc.
Form 10-K for Fiscal Year Ended September 30, 2023
Annual Report to Security Holders for Fiscal Year Ended September 30, 2023
File No. 0-51813
Dear Jorge A. Celaya:
We have reviewed your filings and have the following comment(s).
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Annual Report to Security Holders for Fiscal Year Ended September 30, 2023
FY23 Business Highlights, page 4
1.We note you present non-GAAP measures of Free Cash Flow, Non-GAAP Adjusted Net
Income and Income Tax Impact of the Non-GAAP Adjustments on page 4 of your Annual
Report to Security Holders. Please revise to include the disclosures required by Item
100(a) of Regulation G.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNameJorge A. Celaya
Comapany NameLiquidity Services, Inc.
April 9, 2024 Page 2
FirstName LastName
Jorge A. Celaya
Liquidity Services, Inc.
April 9, 2024
Page 2
Please contact Valeria Franks at 202-551-7705 or Blaise Rhodes at 202-551-3774 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services