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Liquidmetal Technologies Inc. reports company developments tied to amorphous alloy and bulk metallic glass manufacturing. The company uses a patented injection molding process to produce amorphous metal parts and components, with stated applications across consumer electronics, medical, robotics and related precision-manufacturing markets.
News about LQMT commonly covers year-end earnings calls, manufacturing operations, Asian business development through Liquidmetal Asia Holdings, and licensing of the company’s technology. Updates have included a royalty-bearing manufacturing license with Amorphology, Inc. and expansion activity connected to amorphous alloy products and production capacity.
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.