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LiqTech International Inc (LIQT)
NASDAQ:LIQT
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.27Last Year’s EPS
-$0.51Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -14.21%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected both challenges and opportunities. While there were significant challenges such as a substantial revenue decline and project delays, LiqTech also highlighted several positive initiatives, including a strong cash position, successful pilot projects, and strategic joint ventures indicating future growth potential.Company Guidance
During the LiqTech International Q3 2024 earnings call, CEO Fei Chen highlighted several key metrics and developments. The company faced a significant setback with the delay of a $1.5 million commercial produced water treatment project in North America, affecting third-quarter revenues, which fell to $2.5 million from $5.1 million year-over-year, a 51% decrease. Despite this, LiqTech has four pilot units in operation in the oil and gas sector, including partnerships with Razorback Direct in the U.S. and NESR in the Middle East. The company forecasts Q4 2024 revenue between $3.3 million and $4.3 million and has implemented a cost reduction plan to lower its adjusted EBITDA breakeven target to a quarterly revenue run rate of $5.5 million, down from the previous $6.5 million to $7 million. The firm's balance sheet remains strong with a pro forma cash balance of $13.3 million, bolstered by a $10 million private placement. Fei Chen emphasized the importance of diversifying revenue sources and reducing dependency on a few large orders each quarter.Pilot Projects Expansion
LiqTech has more systems in various phases of testing and piloting than at any point in its history, including successful pilots with Razorback Direct in the U.S. and a legacy system in the Middle East operational for over 3 years.
Successful Lithium Brine Pilot
A successful test with a mini unit focused on lithium brine production pretreatment in the U.S. led to a pilot unit order, indicating a large market potential.
Joint Venture in China
Established a joint venture with JiTRI to expand presence in China, a key shipbuilding market, to aid in local service and spare parts support.
Strong Cash Position
Ended the quarter with a pro forma cash balance of more than $13 million, supported by a $10 million private placement with institutional investors.
Cost Reduction Plan
Implemented a cost reduction plan to lower breakeven target to a quarterly revenue run rate of approximately $5.5 million.
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LIQT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LIQT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $1.97 | $1.68 | -14.72% |
| Aug 14, 2024 | $2.53 | $2.34 | -7.51% |
| May 14, 2024 | $2.65 | $2.61 | -1.51% |
| Mar 21, 2024 | $3.21 | $3.08 | -4.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does LiqTech International Inc (LIQT) report earnings?
LiqTech International Inc (LIQT) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is LiqTech International Inc (LIQT) earnings time?
LiqTech International Inc (LIQT) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LIQT EPS forecast?
LIQT EPS forecast for the fiscal quarter 2024 (Q4) is -$0.27.
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