Liqtech Internat Stock Price, News & Analysis

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.

LiqTech International, Inc. (NASDAQ: LIQT), a clean technology firm, will announce its Q2 2022 financial results on August 11, 2022, before the market opens. A conference call will follow at 9:00 a.m. ET to discuss these results. The company's advanced filtration products utilize proprietary silicon carbide technology for gas and liquid purification. Investors can access the call via phone or a live webcast. A replay will be available until August 18, 2022.

LiqTech International, Inc. (NASDAQ: LIQT) has appointed Fei Chen as President and CEO, effective on or before November 1, 2022. Chen, who has over 20 years of experience in global industrial management, will also join the Board of Directors. She previously held significant roles at Topsoe A/S and Grundfos A/S, focusing on clean energy and water treatment technologies. Interim CEO Alexander Buehler will continue as a Board member. Chen’s appointment is seen as a strategic move towards enhancing LiqTech's growth and innovation in the clean technology sector.

LiqTech International, Inc. (NASDAQ: LIQT) announced the completion of a private placement of $6 million in senior notes and warrants for 4,250,000 shares of common stock. The notes will mature in 24 months without interest, while the warrants have an exercise price of $0.65 per share and a five-year term. Proceeds will be utilized to repay the company's $13.5 million convertible note due in 2023. None of the securities will be registered under the Securities Act, limiting their sale without proper registration or exemptions.

LiqTech International, Inc. (NASDAQ: LIQT) announced a new order for its marine scrubber market, which includes two separate vessels to be delivered by the end of 2022. This order signals recovery in a market that has faced significant slowdowns due to the pandemic and shipping dynamics. Interim CEO Alex Buehler expressed optimism about increasing quotation activity and the potential for market normalization following a prolonged downturn. While this order is not significant in revenue terms, it represents a positive step in a strategic market.

LiqTech International, Inc. (NASDAQ: LIQT) announced the closing of its public offering of common stock and pre-funded warrants, raising approximately $26.45 million. The offering included the full exercise of the underwriters' option for an additional 6,900,000 shares at $0.50 per share, totaling 22,535,850 shares sold. The initial closing occurred on May 17, 2022, and the underwriters’ option on May 19, 2022. Notably, directors and officers, including Interim CEO Alexander J. Buehler, purchased 3,080,000 shares during the offering.

LiqTech International, Inc. (NASDAQ: LIQT) announced an underwritten public offering of 15,635,850 shares of common stock at $0.50 per share and pre-funded warrants for 30,425,000 shares at $0.499 each, aiming for roughly $23 million in gross proceeds before discounts. The offering is expected to close on May 17, 2022, pending usual conditions. Proceeds will be allocated for working capital, general corporate purposes, and the repayment of outstanding senior convertible notes. The offering is registered with the SEC under Form S-3.