Mar. 28 at 12:20 PM
$LIQT
LiqTech International reported Q4 2024 financial results with revenue of
$3.4 million, up 37% sequentially but down 13% year-over-year.
Full-year 2024 revenue decreased 19% to
$14.6 million, with a net loss of $(10.3) million compared to $(8.6) million in 2023.
The company implemented cost reduction strategies including a 10% headcount reduction, 10% salary cuts for senior management, and 50% reduction in board compensation.
The break-even target is now set at
$5.5-6.0 million quarterly revenue.
Key highlights include a record commercial order for PureFlow™ mobile units, three operational pilot units for various markets including lithium harvesting, and new swimming pool system deliveries.
Q1 2025 guidance projects revenue between
$4.3-4.7 million, representing 26-38% sequential growth.