/
LiqTech International, Inc. is a clean technology company that provides state-of-the-art gas and liquid purification products by manufacturing ceramic silicon carbide filters and membranes as well as developing industry-leading and fully automated filtration solutions and systems. For more than two decades, we have developed and manufactured products of re-crystallized silicon carbide.
The business is unprofitable at the operating level (-50.33% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 13.0% YoY with margins expanding 14.6pp.
Negative free cash flow of -$7M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$16M
▲ +13.0% YoY
Net Income (TTM)
-$9M
▲ +17.6% YoY
Op. Margin
-52.42%
▲ +14.6pp YoY
ROIC
-37.39%
▼ -1.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$7M
▲ +26.9% YoY
Op. Cash Flow (TTM)
-$7M
▲ +18.9% YoY
Net Debt
$3M
Cash & Equiv.
$3M
5Y CAGR: -6.0%
Continue Research