LiqTech International (LIQT) AI Stock Analysis

• Market Cap: $20.38M
• Dividend Yield: N/A
• Average Volume (3M): 27.81K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.84
• Revenue Growth: -17.77%
• EPS Growth: 0.86%
• Country: US
• Employees: 105
• Sector: Industrials
• Sector Strength: 84
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): -0.25
• Shares Outstanding: 9,614,043
• 10 Day Avg. Volume: 12,471
• 30 Day Avg. Volume: 27,810
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.83
• Enterprise Value/Revenue: 1.12
• Enterprise Value/Gross Profit: 161.70
• Enterprise Value/Ebitda: -2.24
• 1Y Price Target: $3.60
• Price Target Upside: 74.76% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: $2.50 ▲(21.36% Upside)

LiqTech International's overall stock score reflects significant financial challenges and poor valuation metrics, tempered by positive technical indicators and strategic growth opportunities highlighted in the earnings call. Recent corporate events indicate strong shareholder support but also raise potential dilution concerns.

Positive Factors

New Orders

LiqTech announced a large commercial order for PureFlow mobile water filtration units, marking a significant milestone.

Revenue Growth

Q1 FY25 sales slightly ahead of our estimate with revenues of $4.6 million, indicating strong performance.

Negative Factors

Risks

Low visibility and potential dilution remain the biggest risks to the price target.

LiqTech International Business Overview & Revenue Model

Company Description

LiqTech International, Inc., a clean technology company, designs, develops, produces, markets, and sells automated filtering systems, ceramic silicon carbide liquid applications, and diesel particulate air filters in the United States, Canada, Europe, Asia, and South America. It operates in three segments: Water, Ceramics, and Plastics. The company manufactures and sells silicon carbide ceramic filtration technologies for liquid and gas purification; and diesel particulate filters for exhaust emission control solutions to the verified retrofit and the original equipment manufacturer market. It also develops, manufactures, and sells liquid filtration systems, which are used for the marine scrubber systems, filtration of produced water, pre-filtration of reverse osmosis drinking water, industrial applications, producing clean drinking water, pool and spa water, food and beverage applicationz, seawater reverse osmosis, filter press, and UV disinfection. In addition, the company manufactures machined and welded plastic parts. LiqTech International, Inc. sells its products primarily to industrial customers through direct sales, systems integrators, distributors, agents, and partners. The company was formerly known as Blue Moose Media, Inc. and changed its name to LiqTech International, Inc. in October 2011. LiqTech International, Inc. was founded in 2000 and is headquartered in Ballerup, Denmark.

How the Company Makes Money

LiqTech International generates revenue through the sale of its advanced filtration systems and related products. The company's key revenue streams include the provision of ceramic silicon carbide filters, which are used in various applications such as marine exhaust gas cleaning, industrial wastewater treatment, and oil and gas processing. LiqTech also partners with major industry players and collaborates on projects that require specialized filtration technology, thereby enhancing its market reach and contributing to its earnings. The company's focus on delivering environmentally sustainable solutions positions it favorably in markets that are increasingly regulated and driven by environmental compliance standards.

LiqTech International Financial Statement Overview

Summary

LiqTech International's financial performance is severely challenged, with declining revenues, negative profitability, and significant cash flow issues. The balance sheet shows potential insolvency risks with zero equity, indicating financial distress.

Income Statement

LiqTech International's income statement reveals significant challenges. The company has faced declining revenues over the past years, with a notable drop from $22.5M in 2020 to $14.6M in 2024. Gross profit margins have been minimal, and net income has been consistently negative, indicating profitability issues. The EBIT and EBITDA margins have remained negative, demonstrating operational inefficiencies. These factors cumulatively signal financial distress in the income statement.

Balance Sheet

The balance sheet exhibits a concerning financial position. The company has shown zero stockholders' equity in 2024, a substantial decline from previous years, indicating potential insolvency risks. While total debt has been reduced to zero, the absence of equity and liabilities suggests significant restructuring or asset liquidation. Historically, the debt-to-equity ratio was high, contributing to financial instability.

Cash Flow

The cash flow statement highlights severe liquidity challenges. Operating cash flows have been negative over the years, and there is no evidence of positive free cash flow, which indicates an inability to generate sufficient cash to fund operations. The free cash flow to net income ratio remains unfavorable, and the operating cash flow to net income ratio indicates cash flow inefficiencies. Such patterns raise concerns about operational sustainability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.61M	18.00M	15.98M	18.27M	22.53M
Gross Profit	250.91K	2.77M	567.14K	1.58M	2.15M
EBITDA	-7.48M	-5.08M	-11.40M	-7.74M	-7.33M
Net Income	-10.35M	-8.57M	-14.17M	-11.13M	-9.81M
Balance Sheet
Total Assets	32.43M	35.97M	40.13M	45.05M	42.21M
Cash, Cash Equivalents and Short-Term Investments	10.87M	9.48M	16.60M	15.36M	2.71M
Total Debt	11.81M	12.22M	11.54M	24.46M	8.69M
Total Liabilities	15.77M	18.70M	16.82M	32.28M	17.39M
Stockholders Equity	16.65M	17.28M	23.31M	12.77M	24.82M
Cash Flow
Free Cash Flow	-8.90M	-7.08M	-13.73M	-8.34M	-6.41M
Operating Cash Flow	-7.53M	-4.18M	-12.04M	-7.20M	-2.60M
Investing Cash Flow	-424.04K	-2.89M	-1.69M	-1.45M	-4.01M
Financing Cash Flow	8.49M	580.64K	13.70M	13.90M	7.22M

LiqTech International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LIQT, the sentiment is Positive. The current price of 2.06 is below the 20-day moving average (MA) of 2.10, above the 50-day MA of 1.81, and above the 200-day MA of 1.72, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 52.12 is Neutral, neither overbought nor oversold. The STOCH value of 26.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LIQT.

LiqTech International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	71 Outperform	¥258.28B	14.57	8.48%	2.82%	6.30%	11.95%
CLWT	67 Neutral	$9.37M	12.83	4.68%	―	-14.25%	-59.84%
LIQT	58 Neutral	$20.38M	―	-69.66%	―	-17.77%	0.86%
FTEK	56 Neutral	$91.10M	―	-7.69%	―	7.30%	-247.48%
CLIR	49 Neutral	$28.94M	―	-75.96%	―	10.88%	3.57%
TOMZ	42 Neutral	$19.92M	―	-62.68%	―	19.09%	3.50%
SCWO	39 Underperform	$33.26M	―	-110.71%	―	―	―

LiqTech International Corporate Events

LiqTech International Approves Equity Plan Amendment

On June 5, 2025, LiqTech International held its annual stockholders meeting, where an amendment to the 2022 Equity Incentive Plan was approved, increasing authorized shares by 1,500,000. The meeting also saw the election of five directors and the ratification of Sadler, Gibb & Associates, LLC as the independent accounting firm, reflecting strong shareholder engagement and support for the company’s strategic initiatives.

The most recent analyst rating on (LIQT) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on LiqTech International stock, see the LIQT Stock Forecast page.