Liqtech Internat Stock Price, News & Analysis

LiqTech International reported a 9% revenue decrease in Q1 2022, totaling $3.6 million against $4.0 million in Q1 2021. Although gross margin improved to 6.8%, the net loss widened to $(3.7) million from $(2.5) million year-over-year. The company has taken steps to cut costs, including reducing headcount by 25% and suspending planned investments, while actively pursuing opportunities in the oil & gas sector and the U.S. acid filtration market. The cash balance decreased to $11.2 million compared to $17.5 million at the end of 2021.

LiqTech International, Inc. (NASDAQ: LIQT) has scheduled a conference call to discuss its first quarter 2022 financial results for the period ending March 31, 2022. The call will take place on Friday, May 13, 2022, at 8:00 a.m. ET. Interested parties can join by dialing (833) 535-2206 or via a live webcast available on the company's website. A replay of the call will be accessible until May 20, 2022.

LiqTech specializes in ceramic silicon carbide filtration technologies for gas and liquid purification.

LiqTech International reported a 19% decline in 2021 revenue, totaling $18.3 million, with a corresponding net loss of $11.1 million, up from $9.8 million in 2020. Despite challenges, including delayed orders in the marine scrubber market and reduced sales due to the pandemic, the company secured $15 million in convertible notes and reported a strong cash balance of $17.5 million. Looking ahead, LiqTech anticipates Q1 2022 revenue between $3.5 million to $4 million and full-year guidance of $25 million to $30 million.

LiqTech International, Inc. (NASDAQ: LIQT) will release its fourth quarter and fiscal year 2021 financial results on March 24, 2022, before market opening. A conference call is scheduled for the same day at 9:00 a.m. ET to discuss the results. The call will feature Interim CEO Alexander J. Buehler and CFO Simon Stadil. Investors can listen via phone or live webcast on the company's investor relations website. A replay will be available until March 31, 2022.

LiqTech International, Inc. (NASDAQ: LIQT) announced that CEO Sune Mathiesen is taking a medical leave of absence. In his place, Board member Alexander J. Buehler has been appointed as Interim CEO, effective immediately. Buehler, who has been on the Board since 2017 and chaired the Audit Committee, resigned from these roles to focus on his new position. Richard Meeusen has stepped in as Chair of the Audit Committee. The Board expresses support for both Sune and Alex, emphasizing the continuity in leadership during this period.

LiqTech International, Inc. (NASDAQ: LIQT) has signed a 3-year OEM membrane supply agreement valued at over $23 million with a major European customer for drinking water treatment. The agreement will commence in Q3 2022, with expected revenue recognition of $3.5 million in 2022 and the remainder in 2023-2024. LiqTech’s patented silicon carbide membranes offer advanced filtration capabilities, addressing global water scarcity and rising clean water demands. The contract includes a mutual renewal option, potentially enhancing revenue stability for the company.

LiqTech International, Inc. (NASDAQ: LIQT), a leader in clean technology, will participate in the Lytham Partners Winter 2021 Investor Conference from December 13-16, 2021. The company is set to host a webcasted Fireside Chat on December 13, 2021, at 11:00 AM ET, detailing its vision for 2022. Investors can attend virtually and engage in 1x1 meetings. LiqTech specializes in ceramic silicon carbide filtration technologies tailored for challenging water purification and diesel exhaust applications. Additional details can be found on the company's website.

LiqTech International (NASDAQ: LIQT) has appointed Simon Stadil as its new Chief Financial Officer, effective November 22, 2021. He brings extensive experience from Welltec and works in corporate finance and risk management. The previous CFO, Claus Toftegaard, will now oversee company projects in China and Denmark. This management change comes as LiqTech aims to expand operations, including a new manufacturing facility in China targeting black carbon emissions from ships, expected to open in 2022.

LiqTech International reported third quarter 2021 revenue of $4.1 million, a 17% increase year-over-year, but incurred a net loss of $2.9 million. The company has a solid cash position of $20.7 million. Supply chain disruptions impacted shipments, but management anticipates a strong backlog entering 2022. Notable orders include Chevron for offshore drilling and Baker Hughes for the Middle East market. Fourth quarter revenue guidance is set between $6 million and $8 million, with expectations for 2022 revenues ranging from $50 million to $80 million.