Financial Snapshot

Revenue
$15.13M
TTM
Gross Margin
5.22%
TTM
Net Earnings
-$10.55M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
266.12%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$11.42M
Q3 2024
Cash
Q3 2024
P/E
-1.648
Nov 29, 2024 EST
Free Cash Flow
-$8.353M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $18.00M $15.98M $18.27M $22.53M $32.64M $12.23M $11.34M $13.91M $15.81M $14.56M $12.83M $16.92M $21.19M $15.73M
YoY Change 12.63% -12.54% -18.88% -30.98% 166.82% 7.84% -18.43% -12.05% 8.59% 13.49% -24.17% -20.15% 34.71%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $18.00M $15.98M $18.27M $22.53M $32.64M $12.23M $11.34M $13.91M $15.81M $14.56M $12.83M $16.92M $21.19M $15.73M
Cost Of Revenue $15.23M $15.42M $16.70M $20.38M $25.48M $11.17M $11.14M $12.47M $12.60M $12.46M $11.51M $14.22M $16.16M $12.05M
Gross Profit $2.775M $567.1K $1.576M $2.147M $7.162M $1.066M $206.8K $1.432M $3.214M $2.097M $1.310M $2.700M $5.030M $3.670M
Gross Profit Margin 15.42% 3.55% 8.63% 9.53% 21.95% 8.72% 1.82% 10.3% 20.33% 14.4% 10.21% 15.96% 23.74% 23.33%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Selling, General & Admin $9.156M $9.372M $10.40M $9.123M $6.990M $4.891M $4.277M $6.162M $5.537M $6.380M $7.030M $5.860M $3.430M $3.230M
YoY Change -2.31% -9.89% 14.0% 30.52% 42.93% 14.34% -30.59% 11.3% -13.22% -9.25% 19.97% 70.85% 6.19%
% of Gross Profit 329.88% 1652.46% 659.89% 425.0% 97.6% 458.72% 2068.75% 430.18% 172.24% 304.19% 536.64% 217.04% 68.19% 88.01%
Research & Development $1.419M $1.836M $1.863M $1.278M $749.2K $661.0K $536.8K $626.1K $707.8K $336.1K $500.0K $740.0K $500.0K $420.0K
YoY Change -22.72% -1.44% 45.71% 70.61% 13.35% 23.13% -14.26% -11.54% 110.63% -32.79% -32.43% 48.0% 19.05%
% of Gross Profit 51.12% 323.71% 118.18% 59.55% 10.46% 62.0% 259.66% 43.71% 22.02% 16.02% 38.17% 27.41% 9.94% 11.44%
Depreciation & Amortization $3.141M $2.586M $2.740M $2.827M $1.343M $648.7K $939.5K $1.378M $1.444M $1.631M $1.690M $1.520M $1.380M $1.150M
YoY Change 21.46% -5.63% -3.08% 110.48% 107.06% -30.95% -31.84% -4.56% -11.43% -3.52% 11.18% 10.14% 20.0%
% of Gross Profit 113.16% 455.95% 173.86% 131.71% 18.75% 60.85% 454.41% 96.22% 44.93% 77.75% 129.01% 56.3% 27.44% 31.34%
Operating Expenses $10.57M $13.10M $12.26M $10.40M $7.739M $5.552M $4.814M $14.57M $6.614M $7.289M $7.540M $6.600M $3.940M $3.650M
YoY Change -19.28% 6.83% 17.9% 34.4% 39.41% 15.32% -66.95% 120.25% -9.26% -3.33% 14.24% 67.51% 7.95%
Operating Profit -$7.799M -$12.53M -$10.69M -$8.255M -$577.1K -$4.486M -$4.607M -$13.13M -$3.399M -$5.192M -$6.230M -$3.900M $1.090M $20.00K
YoY Change -37.78% 17.28% 29.46% 1330.39% -87.13% -2.64% -64.92% 286.38% -34.52% -16.67% 59.74% -457.8% 5350.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Interest Expense -$145.3K $368.3K $331.5K $120.9K $18.83K $71.78K $45.89K $38.95K $51.23K $53.38K -$240.0K -$40.00K -$150.0K -$190.0K
YoY Change -139.44% 11.09% 174.2% 542.04% -73.77% 56.43% 17.83% -23.98% -4.02% -122.24% 500.0% -73.33% -21.05%
% of Operating Profit -13.76% -950.0%
Other Income/Expense, Net -$978.3K -$1.873M -$502.7K -$2.018M $319.5K $305.6K -$170.9K -$64.15K $513.5K $406.5K $0.00
YoY Change -47.76% 272.56% -75.1% -731.76% 4.56% -278.78% 166.41% -112.49% 26.33%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Pretax Income -$8.777M -$14.41M -$11.19M -$10.27M -$257.6K -$4.180M -$4.778M -$13.20M -$2.886M -$4.785M -$6.460M -$3.940M $1.360M -$170.0K
YoY Change -39.07% 28.74% 8.92% 3887.6% -93.84% -12.52% -63.8% 357.34% -39.69% -25.93% 63.96% -389.71% -900.0%
Income Tax -$206.2K -$237.4K -$63.04K -$465.1K -$297.3K -$365.4K -$317.8K $3.220M -$697.8K -$1.703M -$1.610M -$1.170M $360.0K $150.0K
% Of Pretax Income 26.47%
Net Earnings -$8.571M -$14.17M -$11.13M -$9.808M $39.62K -$3.815M -$4.460M -$16.42M -$2.210M -$3.066M -$4.830M -$2.770M $920.0K -$10.00K
YoY Change -39.51% 27.34% 13.44% -24858.58% -101.04% -14.48% -72.83% 642.97% -27.93% -36.52% 74.37% -401.09% -9300.0%
Net Earnings / Revenue -47.61% -88.65% -60.89% -43.54% 0.12% -31.18% -39.32% -118.07% -13.98% -21.06% -37.65% -16.37% 4.34% -0.06%
Basic Earnings Per Share -$1.51 -$0.40 -$0.52 -$0.46 $0.00 -$0.24 -$0.11 -$0.45 -$0.06 -$0.09
Diluted Earnings Per Share -$1.51 -$0.40 -$515.9K -$0.46 $0.00 -$0.24 -$0.11 -$0.45 -$0.06 -$0.09 -$772.8K -$468.7K $228.9K -$1.337K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Cash & Short-Term Investments $9.481M $15.16M $15.36M $11.75M $7.070M $3.780M $2.490M $1.210M $1.370M $5.850M $4.880M $3.870M $1.030M $560.0K
YoY Change -37.45% -1.35% 30.75% 66.2% 87.04% 51.81% 105.79% -11.68% -76.58% 19.88% 26.1% 275.73% 83.93%
Cash & Equivalents $9.481M
Short-Term Investments
Other Short-Term Assets $1.279M $3.885M $3.418M $2.550M $2.970M $130.0K $30.00K $60.00K $470.0K $390.0K $110.0K $400.0K $320.0K $120.0K
YoY Change -67.09% 13.67% 34.04% -14.14% 2184.62% 333.33% -50.0% -87.23% 20.51% 254.55% -72.5% 25.0% 166.67%
Inventory $5.268M $4.062M $5.421M $5.520M $5.200M $4.430M $5.150M $5.820M $7.440M $6.090M $4.670M $4.330M $3.240M $1.890M
Prepaid Expenses
Receivables $6.063M $4.564M $3.864M $5.840M $9.050M $1.930M $1.120M $1.110M $3.190M $1.990M $2.340M $2.860M $5.300M $3.030M
Other Receivables $0.00 $0.00 $0.00 $0.00 $3.200M $1.100M $640.0K $310.0K $510.0K $350.0K $230.0K $370.0K $1.530M $520.0K
Total Short-Term Assets $22.09M $27.67M $28.07M $25.65M $27.49M $11.37M $9.430M $8.510M $12.98M $14.66M $12.24M $11.83M $11.42M $6.110M
YoY Change -20.16% -1.42% 9.42% -6.69% 141.78% 20.57% 10.81% -34.44% -11.46% 19.77% 3.47% 3.59% 86.91%
Property, Plant & Equipment $13.06M $11.57M $15.78M $15.27M $9.880M $1.430M $1.960M $2.630M $3.540M $4.520M $5.830M $6.650M $6.650M $6.420M
YoY Change 12.92% -26.71% 3.37% 54.55% 590.91% -27.04% -25.48% -25.71% -21.68% -22.47% -12.33% 0.0% 3.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.00K $10.00K $10.00K $20.00K $10.00K $10.00K $160.0K $10.00K $0.00
YoY Change 0.0% 0.0% -50.0% 100.0% 0.0% -93.75% 1500.0%
Other Assets $470.4K $450.0K $628.1K $550.0K $500.0K $350.0K $280.0K $260.0K $3.940M $3.760M $2.140M $260.0K $150.0K $40.00K
YoY Change 4.51% -28.35% 14.2% 10.0% 42.86% 25.0% 7.69% -93.4% 4.79% 75.7% 723.08% 73.33% 275.0%
Total Long-Term Assets $13.88M $12.46M $16.99M $16.56M $11.10M $1.790M $2.250M $2.900M $15.09M $16.77M $8.000M $7.210M $6.830M $6.550M
YoY Change 11.43% -26.67% 2.58% 49.19% 520.11% -20.44% -22.41% -80.78% -10.02% 109.63% 10.96% 5.56% 4.27%
Total Assets $35.97M $40.13M $45.05M $42.21M $38.59M $13.16M $11.68M $11.41M $28.07M $31.43M $20.24M $19.04M $18.25M $12.66M
YoY Change
Accounts Payable $2.445M $1.389M $1.647M $2.330M $4.340M $2.120M $1.780M $2.260M $3.460M $2.340M $1.590M $2.290M $3.030M $1.070M
YoY Change 75.96% -15.63% -29.33% -46.31% 104.72% 19.1% -21.24% -34.68% 47.86% 47.17% -30.57% -24.42% 183.18%
Accrued Expenses $4.082M $3.648M $5.532M $5.940M $4.220M $1.870M $1.720M $2.390M $1.440M $1.440M $1.440M $760.0K $1.380M $730.0K
YoY Change 11.88% -34.05% -6.87% 40.76% 125.67% 8.72% -28.03% 65.97% 0.0% 0.0% 89.47% -44.93% 89.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.260M $1.030M
YoY Change -100.0% 22.33%
Long-Term Debt Due $590.6K $399.2K $8.774M $390.0K $30.00K $10.00K $30.00K $60.00K $150.0K $170.0K $210.0K $200.0K $3.780M $260.0K
YoY Change 47.93% -95.45% 2149.7% 1200.0% 200.0% -66.67% -50.0% -60.0% -11.76% -19.05% 5.0% -94.71% 1353.85%
Total Short-Term Liabilities $7.500M $6.087M $16.87M $9.810M $10.33M $4.620M $4.770M $5.010M $5.340M $4.090M $4.550M $3.760M $9.540M $3.080M
YoY Change 23.22% -63.92% 71.94% -5.03% 123.59% -3.14% -4.79% -6.18% 30.56% -10.11% 21.01% -60.59% 209.74%
Long-Term Debt $7.568M $7.864M $8.687M $3.110M $170.0K $0.00 $0.00 $130.0K $170.0K $370.0K $550.0K $730.0K $1.300M $1.330M
YoY Change -3.77% -9.47% 179.31% 1729.41% -100.0% -23.53% -54.05% -32.73% -24.66% -43.85% -2.26%
Other Long-Term Liabilities $3.527M $2.711M $6.501M $4.160M $4.740M
YoY Change 30.11% -58.3% 56.27% -12.24%
Total Long-Term Liabilities $11.10M $10.58M $15.19M $7.270M $4.910M $0.00 $0.00 $130.0K $170.0K $370.0K $550.0K $730.0K $1.300M $1.330M
YoY Change 4.92% -30.37% 108.91% 48.07% -100.0% -23.53% -54.05% -32.73% -24.66% -43.85% -2.26%
Total Liabilities $18.70M $16.82M $32.28M $17.39M $15.58M $4.620M $4.770M $5.140M $5.510M $4.480M $5.130M $4.520M $11.53M $4.890M
YoY Change 11.18% -47.9% 85.62% 11.62% 237.23% -3.14% -7.2% -6.72% 22.99% -12.67% 13.5% -60.8% 135.79%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Basic Shares Outstanding 5.688M 35.40M 21.57M 21.21M 19.65M 15.96M 41.60M 36.84M 36.79M 32.40M
Diluted Shares Outstanding 21.21M 19.67M 15.96M 41.60M 36.84M 36.79M 32.40M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $17.387 Million

About LIQTECH INTERNATIONAL INC

LiqTech International, Inc. is a clean technology company, which engages in the provision of gas and liquid purification products by manufacturing ceramic silicon carbide filters. The firm specializes in three main business areas: Water - cleaning water of suspended solids, oil & grease, germs & heavy metals, Ceramics - using silicon carbide membranes in diesel exhaust and liquid filtration products, and Plastics - plastic manufacturing. The firm focuses on water treatment systems through its subsidiary, LiqTech Water A/S, sells and develops silicon carbide membranes and diesel particulate filters through LiqTech Ceramics A/S, while LiqTech Plastics A/S, has a focus on plastic processing.

Industry: Misc Industrial & Commercial Machinery & Equipment Peers: