LIQT
LiqTech International, Inc.1.8050
-0.0150-0.82%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
17.38MP/E (TTM)
-Basic EPS (TTM)
-1.00Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
LiqTech's Q2 revenue climbed 10.5% y/y to $4.96M, driven by stronger water filtration systems and plastics sales, though diesel particulate filter deliveries dipped. Gross margins slipped to 9.8% from 16.0%, hit by manufacturing underutilization and inventory provisions, while operating expenses fell 7.5% on R&D cuts and bad debt releases. Net loss narrowed slightly to $2.16M, with EPS at -$0.22 versus -$0.36 last year, reconciling to 9.61M diluted shares. Cash stood at $8.67M after $2.91M operating burn, bolstered by a $1.08M related-party loan for the January 2025 China JV (90% owned, targeting marine water treatment with $1.1M R&D funding). Debt totals $5.34M net under senior notes extended to May 2027 at 10% interest. Yet tariffs on China and EU trade could squeeze future margins.
8-K
Equity plan shares increased
LiqTech International's stockholders approved an amendment to its 2022 Equity Incentive Plan at the June 5, 2025 annual meeting, boosting authorized shares by 1,500,000 to a total of 2,500,000. This enhances the company's flexibility for equity awards to attract talent. All five director nominees were elected, and auditors Sadler, Gibb & Associates were ratified with overwhelming support. Plan expansion signals growth ambitions.
10-Q
Q1 FY2025 results
LiqTech's revenue climbed 9.0% year-over-year to $4.6M for Q1 ended March 31, 2025, driven by stronger water segment sales ($2.7M, up from $1.5M) and plastics ($1.0M, up from $0.9M), though ceramics dipped to $0.9M from $1.8M amid temporary market waits for rate cuts; Europe and Americas each contributed over 48% of the total. Gross profit shrank 53.9% to $125K with margins slipping to 2.7% from 6.4%, hit by development costs on a major U.S. filtration system delivery and underused capacity, while operating loss widened 6.8% to $2.2M on higher selling expenses tied to the new China JV. Yet net loss narrowed 1.3% to $2.4M, or $(0.25) per diluted share on 9.6M shares—better than last year's $(0.41) on 5.8M—thanks to smaller disposal losses offsetting lower forex gains. Cash held steady at $10.4M after $1.3M operating burn, bolstered by $1.1M related-party loan for the January-formed Nantong JV (90% owned, targeting marine water treatment with $1.1M R&D funding at 12% interest, convertible at LiqTech's option); senior notes extended to May 2027 at 10% with warrants repriced to $2. Free cash flow turned negative at $(1.4M) (derived), but liquidity supports 12 months amid $5.3M debt. Tariffs and trade tensions loom as a key risk, potentially hiking costs or curbing China demand.
10-K
FY2024 results
LiqTech International's FY2024 revenue fell 18.9% y/y to $14.6M, driven by lower liquid filtration systems and plastics sales, though diesel particulate filters grew amid regulatory tailwinds. Gross margins compressed to 1.7% from 15.4%, reflecting underutilized capacity and a shift to lower-margin oil & gas pilots that secured a full-scale Q1 2025 order. Q4 momentum built through new distribution deals in the U.S., China, Greece, and South Korea, plus a China JV for marine scrubbers, while capex dropped 85% y/y to $424K on facility optimization. Cash rose to $10.9M after a $10M equity raise, funding $5.3M in debt extended to 2027. No 2025 guidance disclosed. Geopolitical tensions risk supply chain disruptions.
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