Quarterly ResultMay 13, 2026, 08:07 AM
LiqTech International Q1 Net Loss $(2.73)M; Going Concern Doubt
AI Summary
LiqTech International reported a net loss of $(2.73) million for Q1 2026, an increase from $(2.36) million in Q1 2025, with revenue decreasing by 10.4% to $4.14 million. The company's management expressed substantial doubt about its ability to continue as a going concern due to recent operating losses and cash usage. Cash and cash equivalents significantly declined by 46.1% to $2.73 million as of March 31, 2026.
Key Highlights
- Net loss increased to $(2.73) million in Q1 2026 from $(2.36) million in Q1 2025.
- Revenue decreased by 10.4% to $4.14 million in Q1 2026 from $4.62 million in Q1 2025.
- Company expressed substantial doubt about its ability to continue as a going concern.
- Cash and restricted cash declined 46.1% to $2.73 million as of March 31, 2026.
- Gross profit increased significantly to $393,744 in Q1 2026 from $125,056 in Q1 2025.
- Net cash used in operating activities increased to $(1.94) million from $(1.30) million.
- Americas revenue plummeted to $250,802 from $2.23 million year-over-year.
- Europe revenue increased to $3.26 million from $2.25 million year-over-year.