My Test Press Release
06-04-2023 12:00 AM ET
Lithium Harvest Technology Center
ALLERUP, Denmark, Nov. 10, 2022 /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 third quarter of 2022.
Q3 2022 Highlights
- Appointed Fei Chen as President and Chief Executive Officer.
- Q3 2022 revenue of $3.3 million, a decrease of 20% from Q3 2021.
- Operating expenses of $2.4 million, down 19% sequentially from the second quarter.
- Net loss of $(1.8) million compared to $(2.9) million in the year-ago quarter.
- Strong ending cash balance of $17.6 million.
- Progressed the manufacturing of membranes and filters to fulfill key year-end deliveries.
- Received and installed new production equipment, including de-binding furnaces.
Highlights Subsequent to Q3 2022
Q3 2022 Highlights
- Appointed Fei Chen as President and Chief Executive Officer.
- Q3 2022 revenue of $3.3 million, a decrease of 20% from Q3 2021.
- Operating expenses of $2.4 million, down 19% sequentially from the second quarter.
- Net loss of $(1.8) million compared to $(2.9) million in the year-ago quarter.
- Strong ending cash balance of $17.6 million.
- Progressed the manufacturing of membranes and filters to fulfill key year-end deliveries.
- Received and installed new production equipment, including de-binding furnaces.
Highlights Subsequent to Q3 2022
Q3 2022 Highlights
- Appointed Fei Chen as President and Chief Executive Officer.
- Q3 2022 revenue of $3.3 million, a decrease of 20% from Q3 2021.
- Operating expenses of $2.4 million, down 19% sequentially from the second quarter.
- Net loss of $(1.8) million compared to $(2.9) million in the year-ago quarter.
- Strong ending cash balance of $17.6 million.
- Progressed the manufacturing of membranes and filters to fulfill key year-end deliveries.
- Received and installed new production equipment, including de-binding furnaces.
Highlights Subsequent to Q3 2022
Q3 2022 Highlights
- Appointed Fei Chen as President and Chief Executive Officer.
- Q3 2022 revenue of $3.3 million, a decrease of 20% from Q3 2021.
- Operating expenses of $2.4 million, down 19% sequentially from the second quarter.
- Net loss of $(1.8) million compared to $(2.9) million in the year-ago quarter.
- Strong ending cash balance of $17.6 million.
- Progressed the manufacturing of membranes and filters to fulfill key year-end deliveries.
- Received and installed new production equipment, including de-binding furnaces.
Highlights Subsequent to Q3 2022
