Ankündigung • May 28
LiqTech International, Inc. has filed a Follow-on Equity Offering. LiqTech International, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 11,111,111
Price\Range: $1.8
Discount Per Security: $0.126
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 11,111,111 Ankündigung • May 15
LiqTech International, Inc. Reiterates Earnings Guidance for the Fiscal Year 2026 LiqTech International, Inc. reiterating earnings guidance for the fiscal year 2026. For the year, the Company is reiterating its expectation for Fiscal Year 2026 revenue between $23 million and $27 million, which would represent an increase of 39% to 64% over Fiscal Year 2025. Reported Earnings • May 14
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: US$0.28 loss per share (further deteriorated from US$0.24 loss in 1Q 2025). Revenue: US$4.14m (down 10% from 1Q 2025). Net loss: US$2.71m (loss widened 15% from 1Q 2025). Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Ankündigung • May 07
LiqTech International, Inc. to Report Q1, 2026 Results on May 13, 2026 LiqTech International, Inc. announced that they will report Q1, 2026 results Pre-Market on May 13, 2026 New Risk • Mar 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$6.5m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.8m net loss next year). Market cap is less than US$100m (US$13.4m market cap). Price Target Changed • Mar 10
Price target increased by 7.5% to US$4.30 Up from US$4.00, the current price target is provided by 1 analyst. New target price is 197% above last closing price of US$1.45. Stock is up 2.8% over the past year. The company is forecast to post a net loss per share of US$0.61 next year compared to a net loss per share of US$0.89 last year. Reported Earnings • Mar 02
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: US$0.89 loss per share (improved from US$1.64 loss in FY 2024). Revenue: US$16.5m (up 13% from FY 2024). Net loss: US$8.53m (loss narrowed 18% from FY 2024). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Ankündigung • Feb 27
Liqtech International, Inc. Provides Earnings Guidance for the Fiscal Year 2026 LiqTech International, Inc. provided earnings guidance for the fiscal year 2026. For the period, the company expects Fiscal Year 2026 revenue to be between $23 million and $27 million which would equate to a 39% to 64% increase from Fiscal Year 2025. Ankündigung • Feb 25
LiqTech International, Inc. to Report Q4, 2025 Results on Feb 27, 2026 LiqTech International, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 27, 2026 Ankündigung • Feb 18
LiqTech International, Inc. Appoints Bob Wowk to its Board of Directors, Effective February 18, 2026 LiqTech International, Inc. on February 18, 2026 announced the appointment of Bob Wowk to its Board of Directors, effective February 18, 2026. Wowk has over 30 years of experience as a finance and business development executive principally in the industrial gas business and renewable energy sectors. Wowk spent over 20 years with Linde, Gulf Cryo and Air Products in global senior financial roles before transitioning to CFO roles over the last 10 years with small and mid-size companies involved in solar, waste-to-energy, lithium and H2 including sPower/AES, EnergyX and HydroGraph. He has proven success at scaling technology companies and leading multiple financing rounds in public and private markets. Wowk holds an M.B.A. in finance from The Wharton Graduate School of Business and a civil engineering degree from Lafayette College. Reported Earnings • Nov 16
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: US$0.15 loss per share (improved from US$0.49 loss in 3Q 2024). Revenue: US$3.81m (up 54% from 3Q 2024). Net loss: US$1.43m (loss narrowed 50% from 3Q 2024). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Ankündigung • Nov 15
LiqTech International, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2025 LiqTech International, Inc. provided earnings guidance for the fourth quarter and full year of 2025. For the quarter, the company expects revenue to be between $4.6 million and $5.6 million, equating to 38% to 67% growth compared to fourth quarter of 2024.
For the full year, the company expects revenue to be between $18.0 million and $19.0 million which would equate to a 23% to 30% increase from the full year 2024. The change in guidance is solely driven by timing in purchase orders in the company’s systems business, where customers have moved two orders from fourth quarter of 2025 to start first quarter of 2026. Ankündigung • Nov 07
LiqTech International, Inc. to Report Q3, 2025 Results on Nov 13, 2025 LiqTech International, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025 Price Target Changed • Aug 18
Price target increased by 18% to US$4.00 Up from US$3.40, the current price target is provided by 1 analyst. New target price is 97% above last closing price of US$2.03. Stock is down 22% over the past year. The company is forecast to post a net loss per share of US$0.85 next year compared to a net loss per share of US$1.64 last year. Ankündigung • Aug 16
Liqtech International, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2025 LiqTech International, Inc. provided earnings guidance for the third quarter of 2025. For the quarter, the company expects third quarter 2025 revenue to be between $3.8 million and $4.2 million, which would equate to a 52% to 68% increase from Third Quarter 2024.
For the year 2025, the company expects full year 2025 revenue to be between $19.0 million and $20.0 million which would equate to a 30% to 37% increase from the full year 2024. Reported Earnings • Aug 14
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: US$0.22 loss per share. Revenue: US$4.96m (up 11% from 2Q 2024). Net loss: US$2.15m (loss widened 1.9% from 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.8%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Machinery industry in the US. Ankündigung • Aug 08
LiqTech International, Inc. to Report Q2, 2025 Results on Aug 13, 2025 LiqTech International, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 13, 2025 New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.0m free cash flow). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$7.0m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$19.8m market cap). Major Estimate Revision • Jun 16
Consensus EPS estimates fall by 35%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$19.0m to US$19.6m. Forecast EPS reduced from -US$0.60 to -US$0.81 per share. Machinery industry in the US expected to see average net income growth of 15% next year. Consensus price target up from US$3.40 to US$3.60. Share price fell 5.1% to US$1.50 over the past week. Reported Earnings • May 16
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: US$0.24 loss per share (improved from US$0.41 loss in 1Q 2024). Revenue: US$4.62m (up 9.0% from 1Q 2024). Net loss: US$2.35m (loss narrowed 1.5% from 1Q 2024). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 39%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Ankündigung • May 15
LiqTech International, Inc. Provides Revenue Guidance for the Second Quarter 2025 LiqTech International, Inc. provided revenue guidance for the second quarter of 2025. For the period, the company expects revenue to be between $4.8 million and $5.2 million which would equate to a 4% to 13% sequential increase from first quarter 2025, and a 7% to 16% year-over-year improvement from second quarter 2024. Ankündigung • May 08
LiqTech International, Inc. to Report Q1, 2025 Results on May 14, 2025 LiqTech International, Inc. announced that they will report Q1, 2025 results Pre-Market on May 14, 2025 Ankündigung • Apr 22
LiqTech International, Inc., Annual General Meeting, Jun 05, 2025 LiqTech International, Inc., Annual General Meeting, Jun 05, 2025, at 15:00 Romance Standard Time. Location: industriparken 22c, dk 2750 ballerup, denmark, Denmark Reported Earnings • Mar 30
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: US$1.64 loss per share (further deteriorated from US$1.51 loss in FY 2023). Revenue: US$14.6m (down 19% from FY 2023). Net loss: US$10.3m (loss widened 21% from FY 2023). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Ankündigung • Mar 29
LiqTech International, Inc. Provides Revenue Guidance for the First Quarter 2025 LiqTech International, Inc. provided revenue guidance for the first quarter 2025. For the period, the company expects revenue to be between $4.3 million and $4.7 million which would equate to a 26% to 38% sequential increase from fourth quarter 2024, and a 2% to 10% year-over-year improvement from first quarter 2024. New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$8.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.3m free cash flow). Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$6.7m net loss next year). Market cap is less than US$100m (US$14.0m market cap). Ankündigung • Feb 20
LiqTech International, Inc. Receives Supplier Approval Water Treatment System for the WinGD Dual-Fuel Engine LiqTech International, Inc. has received supplier approval for its Water Treatment System (WTS) for WinGD 2-stroke dual-fuel engines in gas- and diesel- mode. Headquartered in Winterthur, Switzerland, WinGD is a leading global marine engine manufacturer advancing the decarbonization of marine transportation through sustainable energy systems using advanced technologies in emissions reduction, fuel efficiency, hybridization and digital optimization. LiqTech's innovative and advanced membrane technology is one of the keys to a clean and sustainable shipping industry. This unique technology allows efficient filtration, making the reuse of 80-95% of the feed water possible. Based on more than 20 years of experience in the filtration industry and more than 170 marine water treatment systems installed worldwide, LiqTech's systems' main element is its patented modern silicon carbide (SiC) ceramic membranes. Further, its innovative modular design makes installing the marine scrubber wastewater system on retrofits and new builds easy, with the ability to further increase capacity after installation if needed. The marine shipping industry is moving towards cleaner fuel applications, with most new vessels equipped with dual-fuel engines that require reliable water treatment for exhaust gas recirculation (EGR) systems. According to Clarkson Shipping Intelligence and Ship Engine Company's published data, approximately 400 new vessels are on order with EGR solutions planned between 2024 and 2027. LiqTech holds a market share greater than 20% for marine scrubbers, including hybrid and closed-loop systems. Since their introduction seven years ago, LiqTech's marine water treatment systems have benefitted from a strong reputation, demonstrating superior efficiency and reliability. Major Estimate Revision • Nov 26
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$16.6m to US$15.0m. Losses expected to increase from US$1.37 per share to US$1.64. Machinery industry in the US expected to see average net income growth of 16% next year. Consensus price target down from US$5.58 to US$4.60. Share price was steady at US$1.75 over the past week. New Risk • Nov 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 65% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$8.3m). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$16.3m market cap). Reported Earnings • Nov 17
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: US$0.49 loss per share (further deteriorated from US$0.25 loss in 3Q 2023). Revenue: US$2.48m (down 51% from 3Q 2023). Net loss: US$2.84m (loss widened 101% from 3Q 2023). Revenue missed analyst estimates by 47%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in the US. Major Estimate Revision • Nov 15
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$18.7m to US$16.6m. EPS estimate unchanged from -US$1.37 per share at last update. Machinery industry in the US expected to see average net income growth of 15% next year. Consensus price target of US$5.58 unchanged from last update. Share price fell 17% to US$1.53 over the past week. Ankündigung • Nov 15
LiqTech International, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year 2024 LiqTech International, Inc. provided revenue guidance for the fourth quarter and full year 2024. The Company expects revenue in the fourth quarter of 2024 to be between $3.3 million and $4.3 million reflecting full year 2024 revenue of $14.5 million to $15.5 million. New Risk • Nov 14
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$9.1m Forecast net loss in 1 year: US$8.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.3m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (US$11.6m market cap). Ankündigung • Nov 08
LiqTech International, Inc. to Report Q3, 2024 Results on Nov 14, 2024 LiqTech International, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024 Price Target Changed • Oct 11
Price target decreased by 26% to US$5.58 Down from US$7.58, the current price target is an average from 2 analysts. New target price is 134% above last closing price of US$2.38. Stock is down 36% over the past year. The company is forecast to post a net loss per share of US$1.20 next year compared to a net loss per share of US$1.51 last year. New Risk • Oct 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (US$13.4m market cap). Ankündigung • Sep 30
LiqTech International, Inc., Annual General Meeting, Nov 08, 2024 LiqTech International, Inc., Annual General Meeting, Nov 08, 2024, at 15:00 Romance Standard Time. Location: industriparken 22c, dk2750 ballerup, Denmark New Risk • Aug 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$7.4m). Currently unprofitable and not forecast to become profitable over next 2 years (US$2.3m net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (US$14.7m market cap). Reported Earnings • Aug 16
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: US$0.36 loss per share (further deteriorated from US$0.28 loss in 2Q 2023). Revenue: US$4.49m (down 10% from 2Q 2023). Net loss: US$2.11m (loss widened 36% from 2Q 2023). Revenue missed analyst estimates by 17%. Earnings per share (EPS) exceeded analyst estimates by 5.3%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 15
Consensus EPS estimates upgraded to US$1.36 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$21.1m to US$19.2m. 2024 losses expected to reduce from -US$1.53 to -US$1.36 per share. Machinery industry in the US expected to see average net income growth of 18% next year. Consensus price target down from US$9.08 to US$7.58. Share price rose 9.5% to US$2.66 over the past week. Ankündigung • Aug 15
LiqTech International, Inc. Provides Revenue Guidance for the Third Quarter of 2024 LiqTech International, Inc. provided revenue guidance for the third quarter of 2024. The Company expects revenue in the third quarter of 2024 to be between $4.0 million and $5.0 million. Breakeven Date Change • Aug 14
Forecast to breakeven in 2026 The 2 analysts covering LiqTech International expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 0.4% per year to 2025. The company is expected to make a profit of US$600.0k in 2026. Average annual earnings growth of 43% is required to achieve expected profit on schedule. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$7.1m). Currently unprofitable and not forecast to become profitable next year (US$7.7m net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (US$11.6m market cap). Ankündigung • Jul 24
LiqTech International, Inc. to Report Q2, 2024 Results on Aug 14, 2024 LiqTech International, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 14, 2024 New Risk • Jun 06
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$7.1m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$7.1m). Currently unprofitable and not forecast to become profitable next year (US$7.2m net loss next year). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (US$15.0m market cap). Reported Earnings • May 16
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: US$0.41 loss per share (improved from US$0.42 loss in 1Q 2023). Revenue: US$4.24m (up 5.6% from 1Q 2023). Net loss: US$2.39m (flat on 1Q 2023). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 4.7%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Machinery industry in the US. Ankündigung • May 15
LiqTech International, Inc. Provides Revenue Guidance for the Second Quarter of 2024 LiqTech International, Inc. provided revenue guidance for the second quarter of 2024. The company expects revenue to be between $5.0 million and $5.5 million. Ankündigung • May 09
LiqTech International, Inc. to Report Q1, 2024 Results on May 14, 2024 LiqTech International, Inc. announced that they will report Q1, 2024 results Pre-Market on May 14, 2024 Major Estimate Revision • Apr 01
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$23.7m to US$19.9m. Forecast losses increased from -US$0.845 to -US$1.47 per share. Machinery industry in the US expected to see average net income growth of 20% next year. Consensus price target of US$9.08 unchanged from last update. Share price was steady at US$3.09 over the past week. New Risk • Mar 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$2.3m net loss in 2 years). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (US$17.5m market cap). Reported Earnings • Mar 24
Full year 2023 earnings: Revenues miss analyst expectations Full year 2023 results: Revenue: US$18.0m (up 13% from FY 2022). Net loss: US$8.57m (loss narrowed 40% from FY 2022). Revenue missed analyst estimates by 7.2%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Machinery industry in the US. Ankündigung • Mar 23
LiqTech International, Inc. Provides Revenue Guidance for the First Quarter of 2024 LiqTech International, Inc. provided revenue guidance for the first quarter of 2024. The company expects revenue in the first quarter of 2024 to be between $4.1 million and $4.3 million. Ankündigung • Mar 15
LiqTech International, Inc. to Report Q4, 2023 Results on Mar 21, 2024 LiqTech International, Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 21, 2024 New Risk • Feb 29
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$7.5m Forecast net loss in 2 years: US$2.2m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$2.2m net loss in 2 years). Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Market cap is less than US$100m (US$18.0m market cap). Breakeven Date Change • Feb 29
No longer forecast to breakeven The 2 analysts covering LiqTech International no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$3.10m in 2025. New consensus forecast suggests the company will make a loss of US$1.65m in 2025. Ankündigung • Jan 15
LiqTech International, Inc. Announces Resignation of Simon Stadil as Chief Financial Officer, Effective April 10, 2024 On January 10, 2024, Simon Stadil tendered his resignation as Chief Financial Officer of LiqTech International, Inc, effective as of April 10, 2024. Mr. Stadil's resignation is not a result of any disagreement between himself and the Company, its management, the Company's Board of Directors or any committee of the Board. Reported Earnings • Nov 11
Second quarter 2023 earnings released: US$0.28 loss per share (vs US$1.62 loss in 2Q 2022) Second quarter 2023 results: US$0.28 loss per share (improved from US$1.62 loss in 2Q 2022). Revenue: US$4.99m (flat on 2Q 2022). Net loss: US$1.56m (loss narrowed 76% from 2Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 10
Price target decreased by 19% to US$13.00 Down from US$16.00, the current price target is provided by 1 analyst. New target price is 235% above last closing price of US$3.88. Stock is up 8.7% over the past year. The company is forecast to post a net loss per share of US$1.13 next year compared to a net loss per share of US$3.20 last year. Ankündigung • Nov 10
Liqtech International, Inc. Provides Earnings Guidance for the Full Year 2023 LiqTech International, Inc. provided earnings guidance for the full year 2023. For the year, the company expects revenue between $19 million and $21 million with a reported full year gross margin range of 15-20%. Ankündigung • Nov 03
LiqTech International, Inc. to Report Q3, 2023 Results on Nov 09, 2023 LiqTech International, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 09, 2023 Ankündigung • Sep 26
LiqTech International, Inc., Annual General Meeting, Nov 09, 2023 LiqTech International, Inc., Annual General Meeting, Nov 09, 2023, at 15:00 Central European Standard Time. Location: headquarters of the Company at Industriparken 22C, DK2750 Ballerup, Denmark Ballerup Denmark Agenda: To elect a slate of nominees consisting of current directors Alexander Buehler, Fei Chen, Peyton Boswell, Richard Meeusen, and Martin Kunz to serve as directors of the Company; to ratify the appointment of Sadler, Gibb & Associates, L.L.C. as the Company’s independent registered public accountants for the fiscal year ending December 31, 2023; and to consider and vote upon such other matter(s) as may properly come before the Meeting or any adjournment(s) thereof. Reported Earnings • Aug 14
Second quarter 2023 earnings released: US$0.28 loss per share (vs US$1.62 loss in 2Q 2022) Second quarter 2023 results: US$0.28 loss per share (improved from US$1.62 loss in 2Q 2022). Revenue: US$4.99m (flat on 2Q 2022). Net loss: US$1.56m (loss narrowed 76% from 2Q 2022). Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 13
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$20.4m to US$20.0m. Losses expected to increase from US$0.96 per share to US$1.10. Machinery industry in the US expected to see average net income growth of 13% next year. Consensus price target of US$16.00 unchanged from last update. Share price fell 8.3% to US$3.75 over the past week. Ankündigung • Aug 11
LiqTech International, Inc. Provides Earnings Guidance for the Full Year of 2023 LiqTech International, Inc. provided earnings guidance for the full year of 2023. For the period, the company expects revenue growth of 20-30% compared to last year. Ankündigung • Aug 04
LiqTech International, Inc. to Report Q2, 2023 Results on Aug 10, 2023 LiqTech International, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 10, 2023 Board Change • Jul 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Rich Meeusen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Rich Meeusen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Jul 01
Forecast breakeven date pushed back to 2025 The analyst covering LiqTech International previously expected the company to break even in 2024. New forecast suggests the company will make a profit of US$3.10m in 2025. Average annual earnings growth of 106% is required to achieve expected profit on schedule. Ankündigung • Jun 27
LiqTech International, Inc. Announces Board Succession Change and Appointment of New Director LiqTech International, Inc. announces the following changes to its Board of Directors in accordance with ongoing succession planning. Chairman Mark Vernon has announced that he will retire from the Board after serving as a Director for more than 10 years and as Chairman for the past five years. Alex Buehler, who joined the Board in 2018 and who served briefly as the Company's Interim Chief Executive Officer in 2022, has been appointed as Chairman of the Board with immediate effect. Alex is currently the President & CEO of Integrated Water Services and an independent director and Chairman of the Audit Committee of Energy Recovery. Alex will also serve as Chairman of LiqTech'sGovernance & Nominating Committee. Further, LiqTech announced that Mr. Martin Kunz has been appointed to the Company's Board of Directors with immediate effect. Martin has also been appointed to serve on the Company's Audit, Compensation, and Governance & Nominating Committees. Martin brings to the Board very broad experience across multiple industrial end markets along with extensive international exposure. He is currently serving as the President & CEO of Concentric AB, a publicly traded globally operating company listed on the Swedish Stock Exchange that specializes in innovative solutions in flow control and fluid power. Prior to this, Martin held senior leadership roles at Xylem and Pentair. Reported Earnings • May 12
First quarter 2023 earnings: EPS misses analyst expectations First quarter 2023 results: US$0.053 loss per share (improved from US$0.17 loss in 1Q 2022). Revenue: US$4.01m (up 10% from 1Q 2022). Net loss: US$2.39m (loss narrowed 36% from 1Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings. Ankündigung • May 12
LiqTech International, Inc. Provides Revenue Guidance for the Second Quarter of 2023 LiqTech International, Inc. provided revenue guidance for the second quarter of 2023. for the quarter, the company expects revenue of approximately $5.0 million, compared to $4.0 million for First Quarter 2023. Ankündigung • May 05
LiqTech International, Inc. to Report Q1, 2023 Results on May 11, 2023 LiqTech International, Inc. announced that they will report Q1, 2023 results at 9:30 AM, US Eastern Standard Time on May 11, 2023 Breakeven Date Change • Mar 24
Forecast breakeven date pushed back to 2025 The analyst covering LiqTech International previously expected the company to break even in 2024. New forecast suggests the company will make a profit of US$3.10m in 2025. Average annual earnings growth of 101% is required to achieve expected profit on schedule. Major Estimate Revision • Mar 23
Consensus revenue estimates fall by 40% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$33.8m to US$20.4m. Forecast losses increased from -US$0.02 to -US$0.12 per share. Machinery industry in the US expected to see average net income growth of 13% next year. Consensus price target down from US$3.00 to US$2.00. Share price rose 2.7% to US$0.47 over the past week. Ankündigung • Dec 03
Liqtech Receives System Order for Oil & Gas MEG Recovery LiqTech International, Inc. announced the receipt of a $0.5 million order for a complete filtration system related to monoethylene glycol ("MEG") recovery in the oil & gas industry. This order is the first of a two-part order for an offshore project for a U.S. oil major operating in Europe. The system is expected to ship in 2023. The system will deploy LiqTech's robust silicon carbide (SiC) membrane technology that offers unique technical advantages for this application. MEG is widely used by oil and gas producers in wellheads and pipelines to prevent hydrate formation in pipeline conditions. In deep water offshore gas production facilities, where the exposure to lower temperatures in subsea pipelines is common, MEG is used for hydrate inhibition. Together with the customer, LiqTech has already demonstrated the SiC membrane technology performance on-site and has verified significant performance improvements to the MEG regeneration process when compared to other membrane technologies. This is the first system order for this customer, who has identified several additional offshore sites as potential candidates for installations in 2023. Major Estimate Revision • Nov 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.29 to -US$0.33 per share. Revenue forecast unchanged at US$16.0m. Machinery industry in the US expected to see average net income growth of 17% next year. Consensus price target of US$3.00 unchanged from last update. Share price rose 7.1% to US$0.45 over the past week. Major Estimate Revision • Nov 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.29 to -US$0.33 per share. Revenue forecast unchanged at US$16.0m. Machinery industry in the US expected to see average net income growth of 17% next year. Consensus price target of US$3.00 unchanged from last update. Share price rose 12% to US$0.45 over the past week. Ankündigung • Nov 10
Liqtech International, Inc. Appoints Tobias Baldrian Madsen as Head of Strategy and Business Intelligence LiqTech International, Inc. announced the appointment of Mr. Tobias Baldrian Madsen as Head of Strategy and Business Intelligence, reporting to the CEO. The appointment of Mr. Madsen is another important step in the development of the company. Mr. Madsen will start his employment on December 1, 2022. He has a BSc in Business Development engineering from Aarhus University and a certificate in Change Management. Mr. Madsen previously has worked as a business development manager at Grundfos, Deloitte and GPV. His latest position was Director of Strategic Partnership at Augury, a US/Israeli technology company that produces hardware, artificial intelligence, and software that diagnose malfunctions in machinery. Mr. Madsen has strong industrial knowledge in industrial water treatment as well as digital solutions for industrial applications. Ankündigung • Nov 04
LiqTech International, Inc. Launches Enhanced Aqua Solution Membrane for Commercial Pool and Spa Market LiqTech International, Inc. announced the launch of an enhanced Aqua Solution membrane, based on its proprietary silicon carbide (SiC) membrane technology, applied for the commercial pool and spa filtration market. The Aqua Solution is a LiqTech filter solution for liquids with a lower number of suspended solids. LiqTech Aqua Solution integrates a dead-end structural design with cutting-edge membrane technology in a solution specifically designed for applications in the pre-treatment for reverse osmosis, wastewater treatment, and swimming pool and spa water filtration. The dead-end design yields a more cost-efficient filtration performance compared to other filtration principles. As a comparison, for the same water flow treatment, traditional sand filters require 400 times more space and have pore sizes three times larger than LiqTech SiC membranes. Moreover, LiqTech Aqua Solution reduces the number of membrane elements, pressure vessels, the water consumption for backwash, and the energy costs by offering high flow capabilities at very low pressure.