Welcome to our dedicated page for Liquidmetal Tech news (Ticker: LQMT), a resource for investors and traders seeking the latest updates and insights on Liquidmetal Tech stock.
Liquidmetal Technologies, Inc. (OTCQB: LQMT) is a Lake Forest, California-based manufacturing company focused on amorphous metal and bulk metallic glass components. This news page aggregates announcements and updates related to Liquidmetal’s technology, manufacturing footprint, partnerships, licensing activities, and investor communications.
Company news often highlights developments in bulk amorphous alloy and bulk metallic glass (BMG) applications, including the company’s patented injection molding process that produces parts with micron-level precision, high strength, hardness, corrosion resistance, and elasticity. Press releases also cover strategic moves such as the establishment of Liquidmetal Asia Holdings Limited, the formation of the Hangzhou Feifeng Liquidmetal Co. Ltd. joint venture to build an amorphous alloy manufacturing facility in Hangzhou, China, and supply agreements with manufacturers like Dongguan Yihao Metal Technology Co., Ltd.
Investors and industry observers will find updates on license agreements and partnerships, including the amended license agreement with Amorphology, Inc. for manufacturing and selling amorphous metal parts, and the golf-focused sublicense with Amorphous Technologies Japan Inc. through Liquidmetal Golf. The news flow also includes recurring announcements of year-end earnings conference calls and participation in events such as the LD Micro Main Event, where the company discusses the future outlook for Liquidmetal technology and its manufacturing operations.
Use this page to follow Liquidmetal’s latest disclosures on technology adoption, manufacturing expansion, and collaborations across consumer electronics, medical, robotics, aerospace, defense, and sporting goods applications. For ongoing research on LQMT, this news feed provides a centralized view of the company’s publicly released information.
Liquidmetal Technologies, Inc. (OTCQB: LQMT) has signed a manufacturing supply agreement with Dongguan Yihao Metal Technology Co., Ltd., the largest manufacturer of bulk metallic glass (BMG) products. This agreement strengthens their existing relationship and aims to enhance the global supply chain for Liquidmetal's advanced technology. Both companies expect to leverage their combined capabilities to improve BMG applications and services. The partnership is intended to facilitate the entry of Liquidmetal technology to a broader market, aligning with their long-term strategic goals.
Liquidmetal Technologies (OTCQB: LQMT) has formed a strategic partnership with MacB Enterprises to leverage their technical sales and distribution expertise across Europe.
This collaboration aims to enhance the reach of Liquidmetal's amorphous alloy products, known for their unique properties, including high strength and corrosion resistance, to a diverse range of industries such as medical devices and automotive manufacturing. Executives from both companies emphasized the potential to generate industry-leading solutions for European clients.
Liquidmetal Technologies, Inc. (OTCQB: LQMT) announced its Q3 2021 financial results, reporting revenues of $406,000, an increase attributed to volume production and new application initiatives. Cost of goods sold rose to $319,000 from $171,000 year-over-year, improving gross margin percentages. However, operating expenses surged to $1.6 million due to higher stock compensation. R&D expenses decreased to $14,000, reflecting reduced development efforts. The company holds $5.2 million in cash and $22 million in debt securities to support future growth initiatives.
Liquidmetal Technologies (OTCQB: LQMT) announced the resignation of Dr. Bruce Bromage and Mr. Bryce Van from their executive roles. Tony Chung, currently CEO, has been appointed as the principal financial and accounting officer. The board expressed gratitude for Bromage and Van's contributions, highlighting their support for the company's future. Liquidmetal specializes in amorphous alloys and composites, known for their unique properties such as strength and corrosion resistance, which can significantly enhance product performance across various industries.
Liquidmetal Technologies, Inc. (OTCQB: LQMT) reported Q2 2021 results, generating $243 thousand in revenue, a mix of production and royalty revenues. Their cost of goods sold increased to $154 thousand, linked to higher revenue. Operating expenses decreased to $849 thousand, down from $870 thousand year-over-year, due to reduced employee compensation from prior restructuring. As of June 30, 2021, the company has $10.9 million in cash and $17.3 million in debt securities, providing a solid liquidity position for future strategies.
Liquidmetal Technologies, Inc. (OTCQB: LQMT) announced the resignation of Professor Lugee Li as CEO and President due to the company's readiness for its next development phase and international travel restrictions. The Board appointed Mr. Tony Chung as Interim CEO and Mr. Isaac Bresnick as President. Both executives are focused on advancing the company's amorphous alloy technology and increasing shareholder value. Professor Li remains as Chairman, emphasizing his commitment to the company's vision.
Liquidmetal Technologies reported its Q1 2021 results, achieving $72,000 in revenue from a combination of new application development and royalties. The company delivered its 100,000th part and continues to engage with various customers in medical and consumer markets. Cost of goods sold rose to $55,000, while total operating expenses fell to $0.9 million due to reduced employee compensation. As of March 31, 2021, the company held $1.2 million in cash and $27.3 million in debt securities, providing liquidity for ongoing strategies.
Liquidmetal Technologies reported a revenue of $989 thousand for fiscal year 2020, down from $1,373 thousand in 2019, reflecting a shift to outsourced manufacturing per its 2019 Restructuring Plan. The company's cost of goods sold decreased to $621 thousand, while operating expenses fell to $3.8 million. Despite facing challenges due to the COVID-19 pandemic, Liquidmetal delivered over 60,000 parts for a dental device, validating its supplier relationship with Yihao. The company possesses $1.5 million in cash and $27.5 million in debt securities for future strategies.