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 Tech (LQMT) specializes in advanced amorphous metal solutions and precision manufacturing, serving industries from aerospace to consumer electronics. This page aggregates all official company announcements, press releases, and relevant news updates in one centralized location.
Investors and industry professionals will find timely updates on financial results, technology innovations, and strategic partnerships. The curated collection ensures access to verified information about LQMT's metal injection molding advancements and material science breakthroughs.
Content includes updates on product developments, manufacturing milestones, and industry-specific applications of amorphous alloys. All materials are sourced directly from the company or reputable financial publications to maintain accuracy and compliance.
Bookmark this page for streamlined access to critical updates about LQMT's role in redefining high-performance metal components through its proprietary technologies.
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.
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