Liqtech Internat Stock Price, News & Analysis

LiqTech International, Inc. (NASDAQ: LIQT) reported Q3 2022 revenue of $3.3 million, down 20% from Q3 2021. The company's net loss narrowed to $(1.8) million from $(2.9) million year-over-year. Operating expenses decreased to $2.4 million, a 19% decline from the prior quarter. The company maintained a strong cash balance of $17.6 million. Subsequent highlights include successful system deployments in the oil and gas sector and the launch of the Aqua Solution® membrane for swimming pools. The company expects Q4 revenue to be at the low end of its prior guidance.

LiqTech International, Inc. (NASDAQ: LIQT) appointed Tobias Baldrian Madsen as Head of Strategy and Business Intelligence, effective December 1, 2022. With a strong background in business development and industrial knowledge, Madsen's role aims to advance the company's commercial strategies based on sound business intelligence. He has previously held positions at Grundfos, Deloitte, and Augury. CEO Fei Chen emphasized the importance of this appointment for defining the market focus and ensuring rapid execution of strategies.

LiqTech International, Inc. (NASDAQ: LIQT) announced a new order for a wastewater treatment system tailored for the metal processing industry in Denmark. This system utilizes LiqTech's advanced silicon carbide (SiC) membranes, designed to effectively filter heavy metals and other contaminants found in industrial wastewater. The implementation of this technology is expected to enhance operational efficiency, reduce water usage, and assist clients in meeting stringent environmental regulations. CEO Fei Chen highlighted the significant market potential this represents for the company.

LiqTech International, Inc. (NASDAQ: LIQT) has launched an enhanced Aqua Solution® membrane utilizing proprietary silicon carbide (SiC) technology for the commercial pool and spa filtration market. This membrane features a dead-end structural design that significantly improves filtration efficiency while requiring 65% less space and reducing operational costs. Notable advantages include lower energy consumption, reduced water usage for backwashing, and fewer required membrane elements. CEO Fei Chen emphasized the company's commitment to pursue the commercial pool and spa segment aggressively.

LiqTech International (NASDAQ: LIQT) will report its Q3 2022 financial results on November 10, 2022, before the market opens. A conference call will follow at 9:00 a.m. ET to discuss the results. Interested parties can join the call by dialing (833) 535-2206 or accessing it via a live webcast. A replay will be available until November 17, 2022. LiqTech specializes in ceramic silicon carbide filtration technologies for gas and liquid purification.

LiqTech International, Inc. (NASDAQ: LIQT) has appointed Ms. Janne Pedersen as Vice President of Sales and Mr. Kim Hansen as Managing Director of LiqTech Plastics, enhancing its senior leadership team. These appointments follow the recent CEO transition to Fei Chen. Pedersen brings extensive experience in water treatment and filtration, while Hansen has a strong background in business administration and leadership. Both will commence their roles in November and October 2022, respectively, aiming to advance the company's commercial development in filtration technology.

LiqTech International (NASDAQ: LIQT) announced participation in the Lake Street Capital Markets Best Ideas Growth Conference on September 14, 2022. CEO Fei Chen, interim CEO Alex Buehler, and CFO Simon Stadil will present. The company revealed concerns about $3-$4 million in expected orders due to rising energy costs, supply chain disruptions, and currency fluctuations, which may impact its fiscal 2022 guidance. More details will be provided in the Q3 2022 conference call scheduled for mid-November.

LiqTech International, Inc. (NASDAQ: LIQT) announced the appointment of Fei Chen as President and CEO, effective September 12, 2022, earlier than previously expected. Ms. Chen's extensive experience in general management and product development is anticipated to guide the company toward strategic growth. She will also join the Board of Directors. Current Interim CEO Alexander J. Buehler will resign from this role but continue on the Board. Fei Chen is set to participate in the Lake Street Investor Conference on September 14, 2022.

LiqTech International reported Q2 2022 revenue of $5.0 million, up 25% year-over-year, despite a net loss of $(6.5) million due to $3.8 million in non-recurring costs. Gross margin fell to 3.0% from 8.0% in Q2 2021 due to lower sales of higher-margin products and input cost inflation. The company raised $26.5 million and has a cash balance of $19.7 million. Future guidance was revised down to $20-$25 million for 2022 amidst economic uncertainties. Notable achievements include commissioning systems for the oil & gas and marine scrubber markets.