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.
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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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