Liquidmetal Technologies 10-K: Revenue $0.78M, Net Loss $2.34M
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Liquidmetal Technologies reported fiscal-year revenue of $0.784 million and a net loss of $2.342 million, reflecting weaker product shipments and operating pressures; gross profit rose modestly with an improved margin. The results show tightening sales volumes in its product lines while operating costs increased due to travel, legal matters and joint-venture startup expenses. Management is advancing a Hangzhou manufacturing joint venture aimed at building full production capability by 2026.
Financial Highlights
- Total revenue: $0.784 million, down $0.076 million (−8.8%) year-over-year, driven by lower product shipments.
- Gross profit: $0.230 million, up $0.013 million (6.0%); gross margin improved to 29.3% from 25.2%.
- Operating loss: $(3.742) million, a deterioration of $0.429 million (12.9%), with higher SG&A from travel, legal and joint-venture startup costs.
- Net loss: $(2.342) million, a worsening of $0.831 million (55.0%), reflecting operating losses partially offset by non-operational income.
- Net loss attributable to Liquidmetal Technologies shareholders: $(2.341) million.
Business Highlights
- Revenue trend: Decline in total revenue driven by lower shipments of health rings and medical devices.
- Margin and cost dynamics: Improved gross margin due to lower cost of sales linked to production volume changes; cost volatility tied to production levels.
- Operational spending and scale-up: SG&A increased 12.7% primarily from travel, legal expenses and costs associated with starting the joint venture; R&D reduced through headcount reductions.
- Manufacturing expansion: Established a Hangzhou joint venture (70% owned) to develop a Hangzhou manufacturing facility with target full capabilities in 2026.
- Commercial channels and licensing: Continued third-party contract manufacturing relationship with Yihao and maintained sublicensing activity (including golf and Swatch) to commercialize products.
Original SEC Filing: LIQUIDMETAL TECHNOLOGIES INC [ LQMT ] - 10-K - Mar. 12, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.