Business
LiqTech International Announces Financial Results for Fourth Quarter and Full Year 2024
LiqTech International, Inc. (Nasdaq: LIQT) ("LiqTech"), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced its financial results for the fourth quarter and fiscal year 2024 for the period ended December 31, 2024.
About this update from Liqtech International, Inc.
[{"type":"text","content":"BALLERUP, Denmark, March 28, 2025 /PRNewswire/ -- LiqTech International, Inc. (Nasdaq: LIQT) ("LiqTech"), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced its financial results for the fourth quarter and fiscal year 2024 for the period ended December 31, 2024.","length":353,"tagName":"p"},{"type":"image","alt":"LiqTech International, Inc. is a clean technology company that manufactures and markets highly specialized filtration products and systems. (PRNewsfoto/LiqTech International, Inc.)","displaySize":"","headline":null,"caption":"LiqTech International, Inc. is a clean technology company that manufactures and markets highly specialized filtration products and systems. (PRNewsfoto/LiqTech International, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":75,"url":"https://media.zenfs.com/en/prnewswire.com/07755ff222aa1c7f86f4993e0f7486f0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Up9gXyHLuaFP4I_jBfaHtQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/07755ff222aa1c7f86f4993e0f7486f0","width":400,"height":75}},"href":"https://mma.prnewswire.com/media/1280487/LiqTech_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Recent Financial Highlights","length":27,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q4 2024 revenue of $3.4 million, a sequential increase of 37% from $2.5 million in Q3 2024, and a 13% decrease from $3.9 million in Q4 2023. FY 2024 revenue of $14.6 million, a 19% decrease from $18.0 million in FY 2023.","length":220,"tagName":"p"}]},{"val":[{"type":"text","content":"Q4 2024 net loss of $(3.0) million compared to $(3.2) million in Q4 2023. FY 2024 net loss of $(10.3) million compared to $(8.6) million in FY 2023.","length":148,"tagName":"p"}]},{"val":[{"type":"text","content":"Ending cash balance of $10.9 million on December 31, 2024.","length":58,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":426,"olType":false},{"type":"text","content":"Outlook","length":7,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The Company expects Q1 2025 revenue to be between $4.3 million and $4.7 million which would equate to a 26% to 38% sequential increase fro...