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Stock impact report

LiqTech International Announces Third Quarter 2024 Financial Results [Yahoo! Finance]

LiqTech International, Inc. (LIQT) 
NASDAQ:AMEX Investor Relations: liqtech.com/investor-relations
Company Research Source: Yahoo! Finance
and markets highly specialized filtration technologies, today announced its financial results for the third quarter of 2024. Q3 2024 Financial Highlights Revenue of $2.5 million , a 51% decrease from Q3 2023. The change was due to a large, commercial produced water treatment project in North America which was expected to be delivered in Q3 2024 being delayed following the decision by the customer to change the physical location of the installation. The installation is now scheduled for the first half of 2025. Gross loss margin of (8.5)% compared to gross profit margin of 18.7% in Q3 2023. Net loss of $(2.8) million compared to $(1.4) million in Q3 2023. Ending cash balance of $4.5 million on September 30, 2024 . Subsequent to the end of the third quarter, the Company closed on the second part of a private placement totaling $8.8 million , bringing the pro forma cash balance to $13.3 million Recent Operational Highlights Entered into a joint venture with Jiangsu Industria Show less Read more
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