LIQT (LiqTech International, Inc.) Stock Financials & Earnings | Market Cap Arena

LIQT (LiqTech International, Inc.) Stock Financials & Earnings | Market Cap Arena

LIQTLiqTech International, Inc.

Mkt Cap$15M

Industrials·Industrial - Pollution & Treatment Controls·🇩🇰 Denmark·NASDAQ

Revenue (TTM)$17M

Net Income (TTM)-$9M

EPS (TTM)-$0.89

Free Cash Flow (TTM)-$7M

Gross Margin7.6%

Op. Margin-50.3%

Net Margin-51.7%

FCF Margin-39.4%

P/S Ratio (TTM)0.9x

P/E Ratio (TTM)—

YoY Rev Growth+13.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$4M	$391K	-$2M
Q2 23	$5M	$1M	-$2M
Q3 23	$5M	$949K	-$2M
Q4 23	$4M	$273K	-$2M
Q1 24	$4M	$271K	-$2M
Q2 24	$4M	$717K	-$2M
Q3 24	$2M	-$210K	-$3M
Q4 24	$3M	-$528K	-$3M
Q1 25	$5M	$125K	-$2M
Q2 25	$5M	$485K	-$2M
Q3 25	$4M	$748K	-$1M
Q4 25	$3M	-$107K	-$3M

Valuation

Quarter	P/S	P/E
Q1 23	0.9x	—
Q2 23	0.9x	—
Q3 23	0.9x	—
Q4 23	0.9x	—
Q1 24	0.8x	—
Q2 24	0.9x	—
Q3 24	1.0x	—
Q4 24	1.1x	—
Q1 25	1.0x	—
Q2 25	1.0x	—
Q3 25	0.9x	—
Q4 25	0.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$2M	-$2M
Q2 23	-$1M	-$2M
Q3 23	$783K	-$1M
Q4 23	-$1M	-$2M
Q1 24	-$2M	-$2M
Q2 24	-$2M	-$2M
Q3 24	-$2M	-$2M
Q4 24	-$2M	-$2M
Q1 25	-$1M	-$1M
Q2 25	-$2M	-$2M
Q3 25	-$1M	-$1M
Q4 25	-$2M	-$2M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$87K
Q2 23	$203K
Q3 23	$2M
Q4 23	$632K
Q1 24	$389K
Q2 24	$223K
Q3 24	$365K
Q4 24	$390K
Q1 25	$163K
Q2 25	$61K
Q3 25	$127K
Q4 25	$166K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+10.3%	-11.0%
Q2 23	-0.6%	-31.4%
Q3 23	+53.4%	+21.2%
Q4 23	-2.3%	-1.8%
Q1 24	+5.6%	+1.2%
Q2 24	-10.1%	-0.3%
Q3 24	-51.1%	-25.1%
Q4 24	-13.3%	-1.0%
Q1 25	+9.0%	+8.3%
Q2 25	+10.5%	+7.5%
Q3 25	+53.6%	+1.4%
Q4 25	-8.2%	-5.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$157K	3.9%
Q2 23	$194K	3.9%
Q3 23	$143K	2.8%
Q4 23	$134K	3.4%
Q1 24	$193K	4.6%
Q2 24	$167K	3.7%
Q3 24	$162K	6.5%
Q4 24	$143K	4.2%
Q1 25	$241K	5.2%
Q2 25	$231K	4.7%
Q3 25	$0	0.0%
Q4 25	$257K	8.2%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	$343K	$1M	$1M	—
Q2 23	$360K	$1M	$1M	—
Q3 23	$429K	$1M	$965K	—
Q4 23	$288K	$1M	$1M	—
Q1 24	$255K	$2M	$518K	—
Q2 24	$407K	$2M	$855K	—
Q3 24	$278K	$1M	$611K	—
Q4 24	$412K	—	—	$2M
Q1 25	$230K	$1M	$718K	—
Q2 25	$243K	$2M	$813K	—
Q3 25	$269K	$1M	$541K	—
Q4 25	$422K	$2M	$646K	—

Revenue Segments

Quarter	Ceramics Segment	Plastics Segment	Water Segment	Corporate Segment
Q1 23	$1M	$1M	$1M	—
Q2 23	$2M	$1M	$2M	$3K
Q3 23	$2M	$657K	$3M	$175K
Q4 23	$1M	$785K	$2M	$150K
Q1 24	$2M	$880K	$2M	—
Q2 24	$2M	$949K	$2M	—
Q3 24	$1M	$663K	$688K	$50K
Q4 24	$1M	$889K	$1M	—
Q1 25	$954K	$970K	$3M	—
Q2 25	$1M	$1M	$2M	—
Q3 25	$812K	$1M	$2M	—

Revenue by Geography

Quarter	Americas	Asia Pacific	Europe	Middle East and Africa
Q1 23	$334K	$452K	$3M	$126K
Q2 23	$441K	$650K	$3M	$779K
Q3 23	$986K	$891K	$3M	$260K
Q4 23	$364K	$513K	$3M	$384K
Q1 24	$1M	$343K	$3M	$44K
Q2 24	$330K	$93K	$3M	$777K
Q3 24	$373K	$127K	$2M	$5K
Q4 24	$793K	$83K	$3M	$763
Q1 25	$2M	$134K	$2M	—
Q2 25	$1M	$376K	$3M	$123K
Q3 25	$387K	$478K	$3M	-$54K
Q4 25	$184K	$28K	$3M	$215K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$13M	$0	$13M
Q2 23	$11M	$0	$11M
Q3 23	$11M	$0	$11M
Q4 23	$9M	$0	$9M
Q1 24	$7M	$0	$7M
Q2 24	$5M	$0	$5M
Q3 24	$5M	$0	$5M
Q4 24	$11M	$0	$11M
Q1 25	$10M	$0	$10M
Q2 25	$9M	$0	$9M
Q3 25	$7M	$0	$7M
Q4 25	$5M	$0	$5M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	6M	+2.8%
Q2 23	6M	+0.1%
Q3 23	6M	+0.8%
Q4 23	6M	+0.4%
Q1 24	6M	+1.4%
Q2 24	6M	+0.1%
Q3 24	6M	+0.2%
Q4 24	8M	+33.9%
Q1 25	10M	+23.2%
Q2 25	10M	+0.1%
Q3 25	10M	+0.1%
Q4 25	10M	-0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$173K	84
FY 15	$172K	92
FY 16	$236K	59
FY 17	$177K	64
FY 18	$161K	76
FY 19	$222K	147
FY 20	$198K	114
FY 21	$152K	120
FY 22	$152K	105
FY 23	$151K	119
FY 24	$139K	105
FY 25	$179K	92