Liqtech Internat Stock Price, News & Analysis

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.

LiqTech International (NASDAQ: LIQT), a clean technology firm, announced that Esra Eray, their Product Manager of Membranes, received the 2022 DAKS PhD Prize for her thesis on silicon carbide membranes for wastewater treatment. This annual award recognizes the best PhD thesis on ceramics from a Danish university, underscoring the quality of research within the company. CEO Fei Chen highlighted the importance of investing in research and development for sustainable solutions, while VP Malte Eriksen expressed excitement about the potential impact of Eray’s work on the industry.

LiqTech International (NASDAQ: LIQT) has announced a distribution agreement with Singapore-based Liquinex to supply its silicon carbide ceramic membranes for water treatment solutions. This partnership aims to enhance operational efficiencies in addressing water scarcity and climate change in Southeast Asia. Liquinex, with expertise in advanced water and wastewater treatment technologies, has previously utilized LiqTech's membranes in various applications including industrial water recycling and humanitarian efforts. LiqTech's CEO highlighted the strengthened collaboration as a move toward innovative water solutions.