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Liqtech International (LIQT)
NASDAQ:LIQT
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LiqTech International
(NASDAQ:LIQT)
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Rating:45Neutral
Price Target:
$2.00
▼(-8.68% Downside)
LiqTech International's overall stock score reflects significant financial challenges, with negative profitability and cash flow issues being the most impactful factors. While there are positive signs from recent earnings, such as revenue growth and improved margins, the technical indicators and valuation metrics remain weak, limiting the stock's appeal.
Positive Factors
Revenue Growth
The significant year-over-year revenue growth indicates strong demand and successful market penetration, particularly in the water treatment systems segment.
Gross Margin Improvement
Improved gross margins suggest better cost management and operational efficiency, enhancing long-term profitability potential.
Strategic Developments in China
The joint venture in China opens new market opportunities, potentially driving future revenue growth and expanding global reach.
Negative Factors
Net Loss Reported
Ongoing net losses highlight persistent profitability challenges, which could strain financial resources and hinder long-term growth.
Cash Flow Issues
Negative cash flows indicate potential liquidity issues, limiting the company's ability to invest in growth and manage debt effectively.
Decline in CPF and Ceramic Membrane Sales
The decline in key product sales could signal weakening demand or increased competition, impacting future revenue streams.
LiqTech International (LIQT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.94M
Dividend YieldN/A
Average Volume (3M)12.39K
Price to Earnings (P/E)―
Beta (1Y)1.21
Revenue Growth10.97%
EPS Growth44.99%
CountryUS
Employees105
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.15
Shares Outstanding9,627,064
10 Day Avg. Volume5,362
30 Day Avg. Volume12,386
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)0.70
Price to Sales (P/S)0.79
P/FCF Ratio-1.30
Enterprise Value/Market Cap1.84
Enterprise Value/Revenue1.85
Enterprise Value/Gross Profit37.54
Enterprise Value/Ebitda-5.24
Forecast
1Y Price Target
$4.20Price Target Upside91.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
LiqTech International Business Overview & Revenue Model
Company DescriptionLiqTech 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 environmental sector, offering innovative products that target the removal of contaminants and pollutants from water and air, thereby contributing to sustainability and environmental protection. LiqTech's core products include ceramic membranes, which are used in various applications such as wastewater treatment, industrial processes, and aquaculture.
How the Company Makes MoneyLiqTech International generates revenue primarily through the sale of its filtration products and systems, which include ceramic membranes and complete filtration units. These products are sold to various industries, including oil and gas, food and beverage, and municipal water treatment plants. The company also earns revenue through service contracts related to the maintenance and support of its filtration systems. Additionally, LiqTech has formed strategic partnerships and collaborations with key industry players, enhancing its market reach and technological capabilities, which contribute to increased sales and revenue growth. The company's focus on innovation and expanding its product offerings in response to environmental regulations and demand for clean water solutions further drives its earnings potential.
LiqTech International Earnings Call Summary
Earnings Call Date:Nov 13, 2025
(Q3-2025)
| Next Earnings Date:Mar 19, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant improvements in revenue and gross margins, driven by strong performance in the water treatment systems segment, particularly in the swimming pool vertical. Operational efficiencies and strategic expansions were also noted as positives. However, there were challenges such as a decline in CPF and ceramic membrane sales and a net loss, although reduced year-over-year. The slight adjustment in revenue guidance due to timing issues adds a cautious note.Q3-2025 Updates
Positive Updates
Revenue Growth
Revenue for Q3 2025 increased to $3,800,000 from $2,500,000 in Q3 2024, marking a significant year-over-year improvement.
Water Treatment Systems Success
The swimming pool vertical achieved its highest quarterly revenue, contributing to the positive trend in water treatment systems.
Gross Margin Improvement
Gross margins improved to 19.6% in Q3 2025 from a negative margin of 8.5% in Q3 2024.
Operational Efficiency
Operating expenses decreased to $2,100,000 from $2,400,000 in Q3 2024, reflecting improved cost management.
Partnerships and Expansion
Expansion in key markets such as the UK, Denmark, and Holland, and opening of a new service center in Fort Worth, Texas.
Strategic Developments in China
Joint venture in China received two first orders for marine dual-fuel engine water treatment systems.
Negative Updates
Decline in CPF and Ceramic Membrane Sales
CPF and ceramic membrane sales were $800,000, down from $1,100,000 in Q3 2024.
Net Loss Reported
Net loss for Q3 2025 was $1,500,000, although improved from a $2,800,000 loss in Q3 2024.
Revenue Guidance Adjustment
Revenue guidance for 2025 adjusted slightly due to timing issues with purchase orders in the systems business.
Company Guidance
In the third quarter of fiscal year 2025, LiqTech International, Inc. reported a strong financial performance with revenue reaching $3.8 million, marking a significant increase from the $2.5 million reported in the same quarter the previous year. The company experienced notable growth in its water treatment systems, particularly within the swimming pool vertical, which contributed $1 million in revenue from six large system deliveries. The gross margin improved to 19.6%, up from a negative margin of 8.5% in the previous year, indicating better absorption of fixed production costs. Operating expenses were reduced to $2.1 million from $2.4 million, and the net quarterly loss narrowed to $1.5 million from $2.8 million. Looking ahead, LiqTech anticipates fourth-quarter revenue between $4.6 million and $5.6 million, representing a 38% to 67% increase over the same period in 2024, and expects full-year 2025 revenue to range between $18 million and $19 million, a 23% to 30% growth from 2024. The company is optimistic about sustained order momentum in segments beyond swimming pools, including water for energy and marine industries, and is working towards achieving profitability with a breakeven target at a quarterly revenue of around $6 million.LiqTech International Financial Statement Overview
Summary
LiqTech International faces substantial financial challenges, with negative net income and EBIT margins indicating ongoing operational losses. Despite an 8.6% revenue growth, negative gross profit margins and cash flow issues highlight significant cost inefficiencies and financial instability.Income Statement
LiqTech International's income statement reveals a challenging financial position. The company has consistently reported negative net income and EBIT margins, indicating ongoing operational losses. Although there is a positive revenue growth rate of 8.6% in the TTM, the gross profit margin remains negative, suggesting cost inefficiencies. The net profit margin is significantly negative, highlighting profitability issues.35
Negative
Balance Sheet
The balance sheet shows a moderate debt-to-equity ratio of 0.96 in the TTM, which is an improvement from previous years. However, the return on equity remains negative, reflecting persistent losses. The equity ratio is not explicitly calculated, but the company's equity position appears relatively stable compared to its assets.40
Negative
Cash Flow
Cash flow analysis indicates significant challenges, with negative operating and free cash flows. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is below 1, suggesting cash flow issues. The free cash flow to net income ratio is slightly above 1, indicating some ability to cover net losses with free cash flow, but overall cash flow health is weak.30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.79M | 14.60M | 18.00M | 15.98M | 18.27M | 22.53M |
| Gross Profit | 829.64K | 250.91K | 2.78M | 567.14K | 1.58M | 2.15M |
| EBITDA | -5.94M | -7.48M | -5.48M | -11.40M | -7.74M | -7.33M |
| Net Income | -8.94M | -10.35M | -8.57M | -14.17M | -11.13M | -9.81M |
Balance Sheet | ||||||
| Total Assets | 30.30M | 32.43M | 35.97M | 40.13M | 45.05M | 42.21M |
| Cash, Cash Equivalents and Short-Term Investments | 7.35M | 10.87M | 9.48M | 15.16M | 15.36M | 11.75M |
| Total Debt | 13.23M | 11.81M | 12.22M | 11.54M | 24.46M | 8.69M |
| Total Liabilities | 17.52M | 15.77M | 18.70M | 16.82M | 32.28M | 17.39M |
| Stockholders Equity | 12.81M | 16.65M | 17.28M | 23.31M | 12.77M | 24.82M |
Cash Flow | ||||||
| Free Cash Flow | -6.60M | -8.90M | -7.08M | -13.73M | -8.34M | -6.41M |
| Operating Cash Flow | -5.98M | -7.53M | -4.18M | -12.04M | -7.20M | -2.60M |
| Investing Cash Flow | -561.44K | -424.04K | -2.89M | -1.69M | -1.45M | -4.01M |
| Financing Cash Flow | 9.40M | 8.49M | 580.64K | 13.70M | 13.90M | 7.22M |
LiqTech International Technical Analysis
Neutral
2.19
Price Trends
1.91
Negative
2.17
Negative
1.94
Negative
Market Momentum
-0.04
Negative
53.22
Neutral
94.59
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LIQT, the sentiment is Neutral. The current price of 2.19 is above the 20-day moving average (MA) of 1.69, above the 50-day MA of 1.91, and above the 200-day MA of 1.94, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 53.22 is Neutral, neither overbought nor oversold. The STOCH value of 94.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 0 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% | |
60 Neutral | $8.87M | 16.51 | ― | ― | -14.25% | -59.84% | |
54 Neutral | $49.41M | -15.82 | -7.10% | ― | -5.66% | -397.46% | |
48 Neutral | $39.68M | -6.56 | -53.13% | ― | -49.70% | -2.72% | |
48 Neutral | $43.16M | -2.13 | -232.63% | ― | ― | ― | |
45 Neutral | $16.94M | -1.81 | -73.79% | ― | 10.97% | 44.99% | |
43 Neutral | $16.10M | -3.00 | -108.76% | ― | -30.61% | -111.40% |
* Industrials Sector Average
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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.