LiqTech International (NASDAQ:LIQT) Releases Earnings Results, Beats Estimates By $0.01 EPS

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

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 Price Performance

NASDAQ:LIQT traded down $0.05 during midday trading on Thursday, hitting $0.26. The company had a trading volume of 288,015 shares, compared to its average volume of 188,961. LiqTech International has a 52-week low of $0.25 and a 52-week high of $2.56. The company has a quick ratio of 3.43, a current ratio of 4.37 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average price is $0.48 and its 200-day moving average price is $1.12. The company has a market capitalization of $8.65 million, a PE ratio of -0.31 and a beta of 1.22.

Wall Street Analyst Weigh In

LIQT has been the topic of a number of research analyst reports. Ascendiant Capital Markets cut their price target on LiqTech International to $1.30 and set a “buy” rating on the stock in a report on Friday, September 4th. Zacks Research raised shares of LiqTech International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiqTech International in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1.30.

LiqTech International Company Profile

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.