Aug. 7 at 2:14 PM
$LQDT @indievestments you nailed it. Stalled growth rates. Looks like GovDeals is potentially hurting. Their most profitable business unit’s growth is flat w less profitability as % of revenue. Overall guidance was really weak. CEO said many quarters ago company would be surpassing
$2B in GMV by now. They seem to be trending back towards
$1.5 GMV and becoming less profitable based on these earnings plus guidance.