$LQMT
LIQUIDMETAL TECHNOLOGIES INC

2016 Q3 Form 10-Q Financial Statement

#000143774916036890 Filed on August 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $154.0K $34.00K $39.00K
YoY Change 266.67% -12.82% -74.51%
Cost Of Revenue $165.0K $13.00K $133.0K
YoY Change 3.13% -90.23% 77.33%
Gross Profit -$11.00K $21.00K -$94.00K
YoY Change -90.68% -122.34% -220.51%
Gross Profit Margin -7.14% 61.76% -241.03%
Selling, General & Admin $1.679M $1.765M $1.891M
YoY Change -4.76% -6.66% -6.43%
% of Gross Profit 8404.76%
Research & Development $548.0K $623.0K $455.0K
YoY Change 11.61% 36.92% 16.07%
% of Gross Profit 2966.67%
Depreciation & Amortization $98.00K $118.0K $120.0K
YoY Change -24.62% -1.67% 140.0%
% of Gross Profit 561.9%
Operating Expenses $2.227M $2.388M $2.346M
YoY Change -1.2% 1.79% -2.78%
Operating Profit -$2.238M -$2.367M -$2.440M
YoY Change -5.65% -2.99% 4.5%
Interest Expense $1.000K $4.000K $0.00
YoY Change 0.0% -100.0%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income -$3.800M -$820.0K -$2.090M
YoY Change 208.94% -60.77% -16.73%
Income Tax
% Of Pretax Income
Net Earnings -$3.800M -$822.0K -$2.083M
YoY Change 209.45% -60.54% -16.81%
Net Earnings / Revenue -2467.53% -2417.65% -5341.03%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 582.3M
Diluted Shares Outstanding 466.4M

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.400M $8.050M $5.280M
YoY Change 46.12% 52.46% -61.99%
Cash & Equivalents $6.402M $8.054M $5.284M
Short-Term Investments
Other Short-Term Assets $460.0K $1.150M $2.210M
YoY Change -80.83% -47.96% 860.87%
Inventory $227.0K $138.0K $65.00K
Prepaid Expenses
Receivables $17.00K $9.000K $13.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.103M $9.349M $7.570M
YoY Change 2.76% 23.5% -46.69%
LONG-TERM ASSETS
Property, Plant & Equipment $1.134M $1.184M $1.147M
YoY Change -22.75% 3.23% 50.92%
Goodwill
YoY Change
Intangibles $518.0K $543.0K $619.0K
YoY Change -12.94% -12.28%
Long-Term Investments
YoY Change
Other Assets $36.00K $36.00K $137.0K
YoY Change 16.13% -73.72% -60.86%
Total Long-Term Assets $1.688M $1.763M $1.903M
YoY Change -19.39% -7.36% 5.14%
TOTAL ASSETS
Total Short-Term Assets $7.103M $9.349M $7.570M
Total Long-Term Assets $1.688M $1.763M $1.903M
Total Assets $8.791M $11.11M $9.473M
YoY Change -2.39% 17.3% -40.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $216.0K $146.0K $114.0K
YoY Change 11.92% 28.07% 3.64%
Accrued Expenses $1.695M $775.0K $912.0K
YoY Change 71.21% -15.02% 30.29%
Deferred Revenue
YoY Change
Short-Term Debt $700.0K $200.0K
YoY Change 250.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.179M $2.604M $1.230M
YoY Change 66.88% 111.71% 53.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $856.0K $856.0K $856.0K
YoY Change 0.0% 0.0% -88.81%
Total Long-Term Liabilities $856.0K $856.0K $856.0K
YoY Change 0.0% 0.0% -88.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.179M $2.604M $1.230M
Total Long-Term Liabilities $856.0K $856.0K $856.0K
Total Liabilities $5.484M $5.744M $3.903M
YoY Change 59.42% 47.17% -53.54%
SHAREHOLDERS EQUITY
Retained Earnings -$231.7M -$227.9M -$215.2M
YoY Change 7.08% 5.92%
Common Stock $582.0K $582.0K $470.0K
YoY Change 22.01% 23.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.380M $5.430M $5.630M
YoY Change
Total Liabilities & Shareholders Equity $8.791M $11.11M $9.473M
YoY Change -2.39% 17.3% -40.83%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$3.800M -$822.0K -$2.083M
YoY Change 209.45% -60.54% -16.81%
Depreciation, Depletion And Amortization $98.00K $118.0K $120.0K
YoY Change -24.62% -1.67% 140.0%
Cash From Operating Activities -$1.900M -$2.200M -$1.710M
YoY Change 2.7% 28.65% -14.93%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$50.00K -$100.0K
YoY Change -88.37% -50.0% -82.14%
Acquisitions
YoY Change
Other Investing Activities $1.000M $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $960.0K -$60.00K -$110.0K
YoY Change -323.26% -45.45% -80.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -700.0K 20.00K 900.0K
YoY Change -150.72% -97.78% -90.53%
NET CHANGE
Cash From Operating Activities -1.900M -2.200M -1.710M
Cash From Investing Activities 960.0K -60.00K -110.0K
Cash From Financing Activities -700.0K 20.00K 900.0K
Net Change In Cash -1.640M -2.240M -920.0K
YoY Change 82.22% 143.48% -113.26%
FREE CASH FLOW
Cash From Operating Activities -$1.900M -$2.200M -$1.710M
Capital Expenditures -$50.00K -$50.00K -$100.0K
Free Cash Flow -$1.850M -$2.150M -$1.610M
YoY Change 30.28% 33.54% 11.03%

Facts In Submission

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CY2016Q2 us-gaap Revenues
Revenues
34000
CY2015Q2 us-gaap Revenues
Revenues
39000
us-gaap Revenues
Revenues
202000
us-gaap Revenues
Revenues
65000
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
10000
CY2015Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
15000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
175000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
38000
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1765000
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1891000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3782000
CY2016Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
700000
CY2015Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
700000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
7129000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15000
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4384000
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5368000
CY2016Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
18179000
CY2015Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
18179000
CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
582271707
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
466371708
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
547210596
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
465427263

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