Welcome to our dedicated page for Liqtech Internat news (Ticker: LIQT), a resource for investors and traders seeking the latest updates and insights on Liqtech Internat stock.
LiqTech International, Inc. (Nasdaq: LIQT) is a clean technology and high-tech filtration company that regularly issues news about its ceramic silicon carbide membrane and filtration activities. Its updates highlight developments across water treatment systems, marine applications, commercial swimming pool filtration, industrial wastewater projects, and its Ceramics and Plastics segments.
Investors and observers following LIQT news can read about record commercial pool filtration sales based on the QlariFlow™ platform, orders for advanced membrane-based systems to treat oily wastewater, and progress in the Water for Energy segment focused on produced water recycling and complex industrial wastewater. The company also reports on pilot units for applications such as lithium brine production pretreatment and oil and gas water treatment.
LiqTech’s news flow includes announcements related to its marine water treatment activities, including its joint venture in China, Nantong JiTRI LiqTech Green Energy Technology Co., Ltd., and Jitri LiqTech. These items cover marine scrubber systems, dual-fuel engine water treatment solutions, and the construction of a marine-focused R&D test center and localization facility in Haimen, Nantong, as well as a regional spare parts warehouse.
Regular press releases also provide quarterly financial results, commentary on revenue trends in water systems, ceramics, plastics, and DPFs, and information on geographic initiatives such as the establishment of a service center in Texas in partnership with Halldor Systems. For users tracking LIQT, the news page offers a centralized view of operational milestones, segment performance, joint venture developments, and other corporate announcements over time.
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.
LiqTech International (NASDAQ: LIQT) announced a proposed underwritten public offering of newly issued shares of common stock or pre-funded warrants. The offering is subject to market conditions, with underwriters granted a 30-day option to purchase up to an additional 15% of the offered shares. The proceeds will primarily be utilized for working capital, general corporate purposes, and repaying outstanding senior convertible notes. The move follows a shelf registration statement declared effective by the SEC on May 12, 2022.
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.