Welcome to our dedicated page for Liqtech Internat news (Ticker: LIQT), a resource for investors and traders seeking the latest updates and insights on Liqtech Internat stock.
LiqTech International, Inc. (LIQT) is a leading innovator in ceramic silicon carbide filtration systems, providing sustainable solutions for global air and water purification challenges. This news hub offers investors and industry professionals centralized access to official corporate developments and market-moving updates.
Find timely information on financial results, technology breakthroughs, and strategic partnerships directly impacting LiqTech's position in clean technology sectors. Our curated feed includes earnings announcements, product launch details, and regulatory filings – essential for understanding the company's progress in diesel emission control and industrial water treatment markets.
Key updates cover ceramic membrane advancements, global project deployments, and sustainability initiatives across LiqTech's core markets: transportation, energy, and municipal infrastructure. Bookmark this page for efficient tracking of how LIQT's nanotechnology-driven solutions address evolving environmental regulations worldwide.
LiqTech International, Inc. (NASDAQ: LIQT) has signed a distribution agreement with Silicon Filter, enhancing its market reach in China for phosphoric acid purification. This partnership aims to leverage LiqTech's advanced filtration systems, which utilize unique silicon carbide membranes, to improve efficiency and product quality in various industries such as food, pharmaceuticals, mining, and automobile batteries. The CEO, Fei Chen, highlighted the significance of China as a major phosphoric acid market. LiqTech's proprietary technology is designed for challenging purification applications, offering a unique solution for water purification needs.
LiqTech International, Inc. (NASDAQ: LIQT) reported a 13% revenue decline to $16.0 million for 2022, with a net loss of $(14.2) million. Q4 2022 revenue rose by 22% sequentially to $4.0 million, while operating expenses decreased by 37% year-over-year, aiding a reduced net loss of $(2.2) million. LiqTech appointed a new CEO and secured significant orders in the oil and gas sector and wastewater treatment. The company aims for approximately $4.0 million revenue in Q1 2023. Ending cash balance stood at $16.6 million amid ongoing operational adjustments to improve profitability.
LiqTech International, Inc. (NASDAQ: LIQT), a clean technology company, will report its financial results for Q4 and fiscal year 2022 on March 22, 2023, before market opening. A conference call will follow at 9:00 a.m. ET to discuss these results. The company specializes in ceramic silicon carbide filtration technologies for gas and liquid purification, catering to challenging water purification needs and controlling diesel exhaust emissions. LiqTech's proprietary technology aids in developing advanced filtration systems, emphasizing its role in environmental sustainability.
LiqTech International, Inc. (NASDAQ: LIQT) has secured a $0.5 million order for four commercial swimming pool water filtration systems in New Zealand, extending an earlier supply from 2020. The systems utilize LiqTech's Aqua Solution® membranes, known for their superior performance, lower energy consumption, and reduced space requirements compared to traditional sand filtration. CEO Fei Chen highlighted that this repeat order reflects the effectiveness of their commercial strategy aimed at recurring business. The company anticipates similar results throughout 2023.
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