LiqTech International Inc (LIQT)
NASDAQ:LIQT
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LiqTech International
(NASDAQ:LIQT)
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Rating:44Neutral
Price Target:
$1.50
▼(-31.51% Downside)
Action:Reiterated
Date:05/27/26
The score is primarily constrained by weak financial performance—ongoing losses, low margins, negative free cash flow, and elevated leverage—alongside soft technical momentum with the stock trading below key moving averages. Partially offsetting these are management’s reiterated growth guidance and signs of traction/margin improvement, plus a small near-term liquidity boost from recent financing, though liquidity remains a key risk.
Positive Factors
Strategic shift to repeatable markets
Management’s explicit reorientation toward standardized, repeatable end markets improves long-term revenue visibility and scalability. Focusing on repeatable pool, marine and components sales should reduce project-timing risk, enable predictable aftermarket/service revenue and support margin expansion as volumes scale.
Negative Factors
Consistent negative cash flow
Persistent negative operating and free cash flow means the business cannot self-fund growth or working capital needs. Over multiple quarters this increases reliance on external financing, limits reinvestment in production and R&D, and raises the risk that execution shortfalls force dilutive or restrictive financing decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic shift to repeatable markets
Management’s explicit reorientation toward standardized, repeatable end markets improves long-term revenue visibility and scalability. Focusing on repeatable pool, marine and components sales should reduce project-timing risk, enable predictable aftermarket/service revenue and support margin expansion as volumes scale.
Read all positive factors
LiqTech International (LIQT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$17.91M
Dividend YieldN/A
Average Volume (3M)12.39K
Price to Earnings (P/E)―
Beta (1Y)1.08
Revenue Growth6.94%
EPS Growth38.10%
CountryUS
Employees105
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.93
Shares Outstanding9,947,841
10 Day Avg. Volume5,362
30 Day Avg. Volume12,386
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.35
Price to Sales (P/S)0.85
P/FCF Ratio-2.16
Enterprise Value/Market Cap1.57
Enterprise Value/Revenue1.75
Enterprise Value/Gross Profit18.47
Enterprise Value/Ebitda-4.80
Forecast
1Y Price Target
$4.40Price Target Upside100.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.61
Revenue Forecast (FY)$23.00M
LiqTech International Business Overview & Revenue Model
Company Description
LiqTech International (LIQT) is a leading provider of advanced filtration technologies and solutions, primarily focusing on the production of membranes and systems for water treatment and air filtration. The company operates within the environment...
How the Company Makes Money
LiqTech makes money primarily by selling filtration products and engineered filtration systems that incorporate its silicon carbide ceramic membranes. Key revenue streams include: (1) product revenue from the sale of SiC membranes, filter elements...
LiqTech International Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Positive
The call presents a balance of encouraging operational progress and commercial traction—record and repeat orders in commercial pool and marine, sequential margin improvement, and reiterated full-year growth guidance—while financials still show YoY revenue decline in the quarter, ongoing net losses, FX-driven expense pressure, and limited cash on hand. The narrative emphasizes a strategic shift toward repeatable, higher-margin end-markets and expects improving quarterly cadence through 2026, but execution against backlog and timing of larger industrial/energy projects remain key risks.Positive Updates
Reiterated Full-Year Revenue Guidance
Management reiterated 2026 revenue guidance of $23.0M to $27.0M, implying approximately 39% to 64% growth versus full-year 2025.
Negative Updates
Year-over-Year Revenue Decline in Q1
Total revenue for Q1 2026 was $4.1M vs $4.6M in Q1 2025, a decrease of 10.4% YoY, primarily due to the non-repeat of a significant water-for-energy delivery in Q1 2025.
Read all updates
Q1-2026 Updates
Positive
Negative
Reiterated Full-Year Revenue Guidance
Management reiterated 2026 revenue guidance of $23.0M to $27.0M, implying approximately 39% to 64% growth versus full-year 2025.
Read all positive updates
Company Guidance
Management reiterated full‑year FY2026 revenue guidance of $23.0–$27.0 million (implying ~39%–64% growth vs FY2025) after reporting Q1 revenue of $4.1M (down 10.4% YoY from $4.6M) and said the remainder of the year should average roughly $6.3M–$7.6M per quarter with a record Q2 expected in commercial pools; they expect growth to be driven by Commercial Pool, Marine, DPF & Membrane (with potential upside from water‑for‑energy) and emphasized gradual quarter‑over‑quarter improvement and disciplined allocation (not relying on any single large oil & gas order). Key Q1 metrics cited: commercial pool $0.8M (vs $0.3M), marine $0.8M (vs $0.2M), DPF & membrane $1.3M (vs $1.0M), plastics ≈ $1.0M, gross profit $0.4M (gross margin 9.5% vs 2.7% prior year), adjusted EBITDA –$1.5M, net loss –$2.7M, cash (incl. restricted) $2.7M, and a target steady‑state project margin of ~30%–50% (average ~40%) as scale improves.LiqTech International Financial Statement Overview
Summary
Income Statement
16
Very Negative
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.03M | 16.51M | 14.60M | 18.00M | 15.98M | 18.27M |
| Gross Profit | 1.52M | 1.25M | 250.91K | 2.78M | 567.14K | 1.58M |
| EBITDA | -5.85M | -5.99M | -7.48M | -5.48M | -11.40M | -7.74M |
| Net Income | -8.89M | -8.53M | -10.35M | -8.57M | -14.17M | -11.13M |
Balance Sheet | ||||||
| Total Assets | 24.95M | 27.28M | 32.43M | 35.97M | 40.13M | 45.05M |
| Cash, Cash Equivalents and Short-Term Investments | 2.73M | 5.07M | 10.87M | 9.48M | 15.16M | 15.36M |
| Total Debt | 12.89M | 17.28M | 11.81M | 12.22M | 11.54M | 24.46M |
| Total Liabilities | 17.40M | 16.91M | 15.77M | 18.70M | 16.82M | 32.28M |
| Stockholders Equity | 7.63M | 10.43M | 16.65M | 17.28M | 23.31M | 12.77M |
Cash Flow | ||||||
| Free Cash Flow | -7.25M | -6.50M | -8.90M | -7.08M | -13.73M | -8.34M |
| Operating Cash Flow | -6.75M | -6.11M | -7.53M | -4.18M | -12.04M | -7.20M |
| Investing Cash Flow | -369.83K | -217.93K | -424.04K | -2.89M | -1.69M | -1.45M |
| Financing Cash Flow | -586.67K | 719.29K | 8.49M | 580.64K | 13.70M | 13.90M |
LiqTech International Technical Analysis
Negative
2.19
Price Trends
1.92
Negative
1.80
Positive
1.99
Negative
Market Momentum
-0.04
Positive
38.92
Neutral
9.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LIQT, the sentiment is Negative. The current price of 2.19 is above the 20-day moving average (MA) of 2.08, above the 50-day MA of 1.92, and above the 200-day MA of 1.99, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 38.92 is Neutral, neither overbought nor oversold. The STOCH value of 9.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LIQT.
LiqTech International Risk Analysis
LiqTech International disclosed 38 risk factors in its most recent earnings report. LiqTech International reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
LiqTech International Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $46.12M | -7.00 | -7.34% | ― | -0.69% | 1.97% | |
51 Neutral | $9.04M | 8.06 | 3.61% | ― | -13.77% | -78.34% | |
51 Neutral | $18.05M | -3.48 | -108.76% | ― | -30.33% | -24.91% | |
47 Neutral | $26.25M | -2.80 | -53.54% | ― | 73.54% | 17.08% | |
44 Neutral | $17.91M | -1.74 | -73.79% | ― | 6.94% | 38.10% | |
42 Neutral | $42.51M | -2.71 | -338.76% | ― | ― | ― |
* Industrials Sector Average
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LiqTech International Corporate Events
Private Placements and Financing
LiqTech International Secures Short-Term Financing for Liquidity
Positive
May 26, 2026
On May 22, 2026, LiqTech International, Inc. raised short-term financing by issuing and selling 9.09% original discount promissory notes with an aggregate principal amount of $1.1 million to affiliates of Bleichroeder L.P. and Laurence W. Lytton u...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.