LiqTech International Announces Financial Results for Fourth Quarter and Full Year 2024
Financial Performance: LiqTech International reported a Q4 2024 revenue of $3.4 million, a 37% increase from Q3 2024 but a 13% decrease from Q4 2023, with a net loss of $(3.0) million. For FY 2024, total revenue was $14.6 million, down 19% from the previous year, and the company expects Q1 2025 revenue to rise between $4.3 million and $4.7 million.
Operational Developments: The company received a record order for its PureFlow™ mobile units in the North American energy sector and is implementing a cost reduction strategy aimed at achieving profitability, which includes headcount reductions and salary cuts for senior management.
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Jitri LiqTech Launches Marine-Centric R&D Test Center and Localization Facility in China, Along with a New Regional Spare Parts Warehouse
New Facility Announcement: Jitri LiqTech has begun construction on a marine-focused R&D test center and localization facility in Haimen, Nantong, to enhance its service capabilities for marine customers in China.
Technology Development: The facility will focus on developing Marine SiC Membrane Water Treatment Equipment for onboard wastewater purification, aiming to meet the growing demand for sustainable marine water treatment solutions.
Local Manufacturing Strategy: By establishing a localization workshop, Jitri LiqTech aims to reduce reliance on imported parts, thereby increasing supply chain resilience and operational uptime for customers.
Market Position and Future Plans: LiqTech holds over 20% market share in marine scrubbers and plans to have the new R&D center operational by Q1 2026, enhancing its ability to innovate and serve the marine water treatment market in China.
Ascendiant Capital Reiterates Buy Rating on LiqTech International, Increases Price Target to $4.2
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LiqTech Advanced Oily Wastewater Filtration Selected by North Star BlueScope Steel
LiqTech International's New Order: LiqTech International has received an order to deliver an advanced membrane-based filtration system for treating oily wastewater from North Star BlueScope Steel, aimed at enhancing water recovery efficiency and addressing filtration challenges.
Sustainability in Steel Industry: The project reflects a growing trend in the steel industry towards sustainable water management practices, with LiqTech's technology supporting North Star's water preservation initiatives.
Ascendiant Capital Maintains Buy on LiqTech International, Raises Price Target to $3.6
Real-time Intelligence for Traders: Benzinga Pro offers the fastest news alerts and real-time intelligence to help traders succeed in the stock market.
Exclusive Community Access: Joining Benzinga Pro connects you with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.
LiqTech International Announces First Quarter 2025 Financial Results
Financial Performance: LiqTech International reported Q1 2025 revenue of $4.6 million, a 36% increase from the previous quarter and a 9% increase year-over-year, despite a net loss of $(2.4) million, consistent with Q1 2024.
Operational Developments: The company achieved significant operational milestones, including record orders for its PureFlow™ mobile units and a joint venture in China, which is expected to drive future revenue growth through new marine scrubber orders and expanded pilot projects.
LiqTech International Signs Distribution and Partnership Agreement with NAF Aquatics for U.S. Commercial Swimming Pool Market
Partnership Announcement: LiqTech International, Inc. has formed a distribution agreement with NAF Aquatics LLC to enter the U.S. commercial swimming pool market, marking a significant step in their strategic expansion following NSF certification of their PurePool™ filtration system.
Product Benefits: LiqTech's PurePool™ system offers substantial advantages over traditional filtration methods, including reduced water and energy consumption, lower chlorine usage, and a compact design that facilitates easier retrofitting for existing pools.
Jitri LiqTech Launches Marine-Centric R&D Test Center and Localization Facility in China, Along with a New Regional Spare Parts Warehouse
New Facility Announcement: Jitri LiqTech has begun construction on a marine-focused R&D test center and localization facility in Haimen, Nantong, to enhance its service capabilities for marine customers in China.
Technology Development: The facility will focus on developing Marine SiC Membrane Water Treatment Equipment for onboard wastewater purification, aiming to meet the growing demand for sustainable marine water treatment solutions.
Local Manufacturing Strategy: By establishing a localization workshop, Jitri LiqTech aims to reduce reliance on imported parts, thereby increasing supply chain resilience and operational uptime for customers.
Market Position and Future Plans: LiqTech holds over 20% market share in marine scrubbers and plans to have the new R&D center operational by Q1 2026, enhancing its ability to innovate and serve the marine water treatment market in China.
Ascendiant Capital Reiterates Buy Rating on LiqTech International, Increases Price Target to $4.2
Real-time Intelligence: Benzinga Pro offers traders the fastest news alerts to stay updated on market movements.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.
Market Winning Tools: The platform is designed to help traders win in the markets every day with accurate stock market intelligence.
LiqTech Advanced Oily Wastewater Filtration Selected by North Star BlueScope Steel
LiqTech International's New Order: LiqTech International has received an order to deliver an advanced membrane-based filtration system for treating oily wastewater from North Star BlueScope Steel, aimed at enhancing water recovery efficiency and addressing filtration challenges.
Sustainability in Steel Industry: The project reflects a growing trend in the steel industry towards sustainable water management practices, with LiqTech's technology supporting North Star's water preservation initiatives.
Ascendiant Capital Maintains Buy on LiqTech International, Raises Price Target to $3.6
Real-time Intelligence for Traders: Benzinga Pro offers the fastest news alerts and real-time intelligence to help traders succeed in the stock market.
Exclusive Community Access: Joining Benzinga Pro connects you with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.
LiqTech International Announces First Quarter 2025 Financial Results
Financial Performance: LiqTech International reported Q1 2025 revenue of $4.6 million, a 36% increase from the previous quarter and a 9% increase year-over-year, despite a net loss of $(2.4) million, consistent with Q1 2024.
Operational Developments: The company achieved significant operational milestones, including record orders for its PureFlow™ mobile units and a joint venture in China, which is expected to drive future revenue growth through new marine scrubber orders and expanded pilot projects.
LiqTech International Signs Distribution and Partnership Agreement with NAF Aquatics for U.S. Commercial Swimming Pool Market
Partnership Announcement: LiqTech International, Inc. has formed a distribution agreement with NAF Aquatics LLC to enter the U.S. commercial swimming pool market, marking a significant step in their strategic expansion following NSF certification of their PurePool™ filtration system.
Product Benefits: LiqTech's PurePool™ system offers substantial advantages over traditional filtration methods, including reduced water and energy consumption, lower chlorine usage, and a compact design that facilitates easier retrofitting for existing pools.
