Gross merchandise sales at the online liquidator and wholesaler rose 76% year-over-year to $46.7 million for the fiscal third quarter ended June 30, as revenue rose 69% to $38.7 million and net income surged 125% to $2.36 million, the company said.

Gross merchandise sales at online liquidator and wholesaler Liquidity Services Inc. rose 76% year-over-year to $46.7 million for the fiscal third quarter ended June 30, as revenue rose 69% to $38.7 million and net income surged 125% to $2.36 million, the company said.

“Q3 was another strong quarter for the company as corporate and government sellers continued to leverage our online platform and integrated services to sell goods in the reverse supply chain,” chairman and CEO Bill Angrick said.

Liquidity operates three online auction liquidation sites-Liquidation.com, Govliquidation.com and Liquibiz.com-and a wholesale portal, GoWholesale.com.

At the end of June, the company had 489,000 registered buyers, up 38% from a year ago, as the number of registered buyers who bid during Q3 rose to approximately 261,000, up 24% from the year-ago period, Liquidity said.

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Its number of Q3 completed transactions increased to 50,000 from 49,000 a year ago, as average order value increased 71.9%, the company said.

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