Liquidmetal Technologies Inc. (LQMT) reports earnings

The report was filed on March 13, 2025

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Liquidmetal Technologies Inc. (LQMT-4.21%) has submitted its 10-K filing for the fiscal year ended December 31, 2024.

The filing includes financial statements for the year, showing an increase in total revenue to $860,000 from $510,000 in the previous year. This increase is attributed to higher product shipments, particularly in health monitoring rings and medical devices.

Cost of sales for the year was $643,000, representing 74.8% of total revenue, compared to 70.8% in the previous year. This increase in cost ratio is due to fluctuations in production volumes and quoted production prices.

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The company reported a gross profit of $217,000 for the year, up from $149,000 in the previous year, with the gross margin percentage decreasing from 29.2% to 25.2%.

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Selling, marketing, general, and administrative expenses increased to $3,511,000 from $3,214,000, primarily due to higher audit and tradeshow expenses.

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Research and development expenses slightly decreased to $19,000 from $20,000, mainly due to reductions in employee compensation and associated development initiatives.

The company reported a net loss of $1,511,000 for the year, down from $2,048,000 in the previous year. Net loss attributable to Liquidmetal Technologies shareholders was $1,510,000, compared to $2,047,000 in the previous year.

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Cash used in operating activities totaled $1,157,000 for the year, primarily to fund operating expenses related to business and product development efforts.

Cash used in investing activities totaled $1,674,000, primarily consisting of purchases and sales of debt securities.

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As of December 31, 2024, Liquidmetal Technologies had $6,011,000 in cash and restricted cash, as well as $16,330,000 in investments in debt securities, which the company views as readily available sources of liquidity.

The filing also details various strategic partnerships and licensing agreements, including a manufacturing agreement with Dongguan Yihao Metal Materials Technology Co. Ltd. and a sublicense agreement with Amorphous Technologies Japan, Inc.

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Liquidmetal Technologies continues to focus on developing and commercializing products made from its proprietary amorphous alloys, with applications in medical devices, automotive components, and non-consumer electronic products.

This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Liquidmetal Technologies Inc. annual 10-K report dated March 13, 2025. To report an error, please email earnings@qz.com.