LiqTech International (NASDAQ:LIQT) Issues Earnings Results

LiqTech International (NASDAQ:LIQT) released its quarterly earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01, FiscalAI reports. The company had revenue of $4.40 million during the quarter, compared to the consensus estimate of $6.00 million. LiqTech International had a negative net margin of 63.18% and a negative return on equity of 69.03%.

Here are the key takeaways from LiqTech International’s conference call:

• Third-quarter revenue rose 15.5% year over year to $4.4 million. Gross margin improved sequentially to 12.3% from 8.4%, and the adjusted EBITDA loss narrowed to $1.1 million from $1.6 million, though gross margin and adjusted EBITDA were both weaker than a year earlier.
• LiqTech maintained 2026 revenue guidance of $20 million–$23 million, but reaching even the low end requires about $7.1 million in fourth-quarter revenue. Management cited production, customer acceptance, shipment, and recognition timing as key execution risks; the high end also depends on additional orders and project timing.
• Commercial momentum included a $2.1 million follow-on order for four wastewater systems, two new marine iCER orders, and DPF orders up 30% from January 1 through November 1 year over year. Management said existing orders and backlog support a strong fourth quarter, with DPF revenue expected to exceed the third-quarter level.
• Management sees its opportunity pipeline supporting potential 30%–40% revenue growth in 2027 versus 2026, while emphasizing this is preliminary and not formal guidance. It also said fourth-quarter sales of roughly $8 million–$10 million could bring the company to EBITDA breakeven, depending on business mix.
• Cash and restricted cash totaled $13.9 million at September 30, down $1.8 million sequentially; management said the June financing provides flexibility but highlighted ongoing focus on working capital, collections, and spending.

LiqTech International Trading Down 15.6%

LIQT stock traded down $0.05 during mid-day trading on Thursday, reaching $0.26. 288,015 shares of the stock traded hands, compared to its average volume of 188,961. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.43 and a current ratio of 4.37. LiqTech International has a one year low of $0.25 and a one year high of $2.56. The stock has a market capitalization of $8.65 million, a PE ratio of -0.31 and a beta of 1.22. The business has a 50-day moving average price of $0.48 and a two-hundred day moving average price of $1.12.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LIQT shares. Zacks Research upgraded shares of LiqTech International from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of LiqTech International in a research report on Thursday, October 22nd. Finally, Ascendiant Capital Markets lowered their price target on shares of LiqTech International to $1.30 and set a “buy” rating on the stock in a report on Friday, September 4th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, LiqTech International currently has a consensus rating of “Hold” and a consensus target price of $1.30.

About LiqTech International

LiqTech International, Inc. (NASDAQ: LIQT) is a clean-technology company that develops and manufactures filtration products based on silicon carbide (SiC) ceramic materials. Its technology is designed to provide high-efficiency filtration for demanding industrial and environmental applications. The company’s water-filtration business supplies SiC membrane products and filtration systems for applications including industrial wastewater treatment, water reuse, produced-water treatment and other challenging liquid-filtration processes.