LIQT
LiqTech International, Inc.1.8050
-0.0150-0.82%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms guide, flags capital needs
Q&A largely reaffirmed prepared remarks on 2026's $23M-$27M revenue guide, driven by pools ($5M-$6M), marine ($4M), and industry/energy ($5M-$8M), emphasizing diversification for predictability. Management expects the delayed oil/gas order ideally in Q2. Tariffs hit US competitiveness, but they're sharing costs with customers while cutting product expenses. Capital options are under review for growth funding. Answers stayed high-level. Investors will watch financing and tariff navigation.
Key Stats
Market Cap
17.38MP/E (TTM)
-Basic EPS (TTM)
-1.00Dividend Yield
0%Recent Filings
10-K
FY2025 results
LiqTech posted FY2025 revenue of $16.5M, up 13% y/y from $14.6M, fueled by systems and aftermarket growth to $8.2M (50% mix) while filters dipped; gross margin vaulted to 7.6% from 1.7% on higher-margin pool and industrial systems, yet operating loss narrowed just to $8.3M from $9.5M amid underused capacity. Systems drove the surge, with U.S. steel wastewater and pool deals shining, but no Q4/annual breakdowns mute quarterly momentum reads. Cash burned to $5.1M (down from $10.9M) on $6.1M ops use, offset by related-party JV loan; capex halved to $0.2M. No 2026 guidance disclosed. Customer concentration risks quarterly flows.
8-K
Board adds finance expert Wowk
LiqTech expanded its board from five to six members, appointing finance veteran Robert Wowk effective March 1, 2026, to its Audit and Compensation Committees. Wowk brings 30+ years in industrial gases and renewables, including CFO stints at scaling tech firms. His expertise bolsters growth execution. No related transactions disclosed.
10-Q
Q3 FY2025 results
LiqTech posted Q3 revenue of $3.8M, up 53.6% y/y from $2.5M, flipping to $748K gross profit at 19.6% margin from a $210K loss; YTD revenue climbed 19.5% y/y to $13.4M with gross margin expanding to 10.1%. Water segment drove gains at $2.0M (52% of Q3), fueled by pool systems and aftermarket, while Europe took 79% of sales; operating loss narrowed to $1.3M from $2.6M y/y. Cash fell to $7.4M after $4.0M operating outflow, offset by $1.1M related-party JV loan; $5.4M notes mature May 2027 at 10%. Revenue relies on few customers. China JV targets marine water treatment.
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.
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