Management to Host Conference Call on Friday, February 27, 2026, at 9:00 a.m. Eastern timeBALLERUP, Denmark, Feb. 24, 2026 (GLOBE NEWSWIRE) -- LiqTech International, Inc. (NASDAQ: LIQT), a leading clean technology company specializing in advanced filtration systems, will report fourth quarter and fiscal year 2025 for the period ended December 31, 2025, on Friday, February 27, 2026, before the market opens. The Company has scheduled a conference call that same day, Friday, February 27, 2026, at 9:00 a.m. Eas ...

BALLERUP, Denmark, Feb. 18, 2026 (GLOBE NEWSWIRE) -- LiqTech International, Inc. (NASDAQ: LIQT), a leading clean technology company specializing in advanced filtration systems, today announced the appointment of Bob Wowk to its Board of Directors, effective immediately. Wowk has over 30 years of experience as a finance and business development executive principally in the industrial gas business and renewable energy sectors. Wowk spent over 20 years with Linde, Gulf Cryo and Air Products in global senior fi ...

Core Insights - LiqTech International, Inc. achieved record sales of 34 commercial pool filtration systems in 2025, marking the strongest year for its commercial pool segment and indicating accelerating market adoption of its filtration technology [1][5] Group 1: Product and Technology - All systems sold in 2025 are based on LiqTech's proprietary QlariFlow™ commercial pool filtration platform, designed to meet complex operational, regulatory, and space requirements of modern aquatic facilities [2] - QlariFlow™ systems provide stable water quality and enable efficient, automated pool operations, with a compact, modular design suitable for both new constructions and retrofits [3] - The systems utilize LiqTech's ceramic membrane filtration technology, featuring automated operation and modular scalability, which allows facilities to expand capacity as demand evolves [4] Group 2: Market Trends and Future Outlook - The record sales reflect growing customer acceptance and increasing confidence among operators in LiqTech's technology, as facilities prioritize water quality, automation, and space efficiency [4] - With the 34 systems sold in 2025, LiqTech has delivered over 150 commercial pool filtration systems globally, and expects continued momentum as operators focus on long-term operational efficiency and modernization of filtration infrastructure [5]

Company Overview - ParaZero Technologies Ltd. focuses on creating autonomous parachute safety systems for commercial drones, enhancing safety as drone usage expands globally [1] - Top Ships Inc. operates in the transportation of crude oil and other bulk liquids [2] - LiqTech International, Inc. is a clean technology company that designs filtration systems [3] Stock Performance - ParaZero Technologies Ltd. is currently trading at $1.41 with a target price of $1.42, indicating a minimal growth potential of 0.44% [1][5] - Top Ships Inc. is trading at $5.01, significantly above its discounted cash flow (DCF) valuation of $2.97, reflecting a price difference of -40.70% [2][5] - LiqTech International, Inc. is trading at $1.77 with a DCF valuation of $1.87, showing a positive price difference of 6.00% [3][5] Earnings and Valuation - Top Ships Inc. has a positive earnings per share (EPS) of 2.22 and a price-to-earnings (P/E) ratio of 5.54, yet is trading above its DCF valuation [2][5] - LiqTech International, Inc. has a negative EPS of -1 and a P/E ratio of -1.12, but its current price suggests higher growth potential compared to ParaZero Technologies Ltd. [3][4][5] Investment Outlook - The comparison indicates that while ParaZero Technologies Ltd. has modest growth potential, LiqTech International, Inc. stands out with higher growth prospects despite negative earnings [4]

Core Insights - Jitri LiqTech, a joint venture of LiqTech International, has initiated the construction of a marine-focused R&D test center and localization facility in Haimen, Nantong, China, alongside a regional spare parts warehouse to enhance service capabilities for its marine customer base [1][6][7] Investment and Development - The new facility will focus on developing and testing Marine SiC Membrane Water Treatment Equipment aimed at onboard wastewater purification and reuse, while also establishing a localization workshop for system assembly and sourcing domestic components [2][3] - These investments are intended to meet the increasing demand for sustainable marine water-treatment solutions, with a strong belief in the growing adoption of silicon carbide membrane technology in new marine vessels equipped with dual-fuel engines due to its durability and energy efficiency [3][4] Market Position and Technology - LiqTech has over 170 marine water treatment systems installed globally, holding a market share exceeding 20% in marine scrubbers, which include both hybrid and closed-loop systems, reflecting a strong reputation for efficiency and reliability since their introduction [4][5] - The company has tailored its SiC membrane water treatment system to meet the specific needs of dual-fuel engine applications, ensuring 24/7 operational reliability and effective sludge reduction [5] Operational Enhancements - The newly completed spare parts warehouse will function as a regional logistics hub, facilitating quicker maintenance and after-sales support, thereby improving operational uptime for customers and solidifying the company's position in China's marine water treatment market [6][7] - The R&D test center and assembly workshop are expected to commence operations in Q1 2026, enhancing the company's ability to innovate and manufacture locally [7]

Revenue Performance - Revenue for the three months ended September 30, 2025, was $3,807,274, an increase of $1,329,053 or 53.6% compared to $2,478,221 for the same period in 2024[75] - Revenue for the nine months ended September 30, 2025, was $13,382,304, an increase of $2,183,677 or 19.5% compared to $11,198,627 for the same period in 2024[83] Gross Profit - Gross profit for the three months ended September 30, 2025, was $747,878, representing a gross profit margin of 19.6%, compared to a gross profit loss of $209,533 with a margin of -8.5% for the same period in 2024, marking an increase of $957,411 or 456.9%[76] - Gross profit for the nine months ended September 30, 2025, was $1,357,512, representing a gross profit margin of 10.1%, compared to $778,780 with a margin of 7.0% for the same period in 2024, marking an increase of $578,732 or 74.3%[82] Operating Expenses - Total operating expenses for the three months ended September 30, 2025, were $2,080,880, a decrease of $299,560 or 12.6% compared to $2,380,440 for the same period in 2024[77] - Total operating expenses for the nine months ended September 30, 2025, were $6,985,712, a decrease of $515,580, or 6.9% compared to $7,501,292 for the same period in 2024[85] Specific Expense Categories - Selling expenses for the three months ended September 30, 2025, were $541,259, a decrease of $69,454 or 11.4% compared to $610,713 for the same period in 2024[78] - General and administrative expenses for the three months ended September 30, 2025, were $1,270,195, a decrease of $221,171 or 14.8% compared to $1,491,366 for the same period in 2024[79] - Research and development expenses for the three months ended September 30, 2025, were $269,426, a decrease of $8,935 or 3.2% compared to $278,361 for the same period in 2024[80] - Selling expenses increased by $88,429, or 4.5%, to $2,071,843 for the nine months ended September 30, 2025, primarily due to lower sales commissions in 2024 and costs associated with a joint venture[86] - General and administrative expenses decreased by $405,649, or 8.9%, to $4,171,764 for the nine months ended September 30, 2025, mainly due to non-recurring costs in the prior year[87] - Research and development expenses decreased by $198,360, or 21.1%, to $742,105 for the nine months ended September 30, 2025, attributed to one-time exit costs from a prior project[88] Net Loss - Net loss for the three months ended September 30, 2025, was $1,459,762, a favorable change of $1,380,764 or 48.6% compared to a net loss of $2,840,526 for the same period in 2024[81] - The net loss for the nine months ended September 30, 2025, was $5,978,890, a decrease of $1,361,631, or 18.5% compared to the net loss of $7,340,521 in the same period in 2024[90] Cash Flow - Cash flows used in operating activities for the nine months ended September 30, 2025, were $3,977,121, a favorable change of $1,551,321 compared to $5,528,442 for the same period in 2024[96] - Cash flows provided from financing activities were $787,024 for the nine months ended September 30, 2025, a favorable change of $912,742 compared to cash flows used by financing activities of $125,718 in the prior year[98] Financial Position - As of September 30, 2025, the company had cash of $7,354,024 and net working capital of $13,406,883, a decrease of $2,329,926 compared to December 31, 2024[92]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $3.8 million, up from $2.5 million in Q3 2024, representing a year-over-year increase of 52% [15] - Gross margin improved to 19.6% from a negative margin of 8.5% in the year-ago period, indicating a significant recovery [18] - Operating expenses decreased to $2.1 million from $2.4 million in Q3 2024, reflecting cost management efforts [19] - Net loss for the quarter was $1.5 million, an improvement from a $2.8 million loss in the same period last year [19] - Cash at the end of the quarter stood at $7.3 million, consistent with normal operating procedures [20] Business Line Data and Key Metrics Changes - Water system sales and related services generated $2 million, up from $0.7 million in Q3 2024, driven by swimming pool orders and industrial orders [16] - DPF and ceramic membrane sales were $0.8 million, down from $1.1 million in Q3 2024, indicating a decline in this segment [16] - Plastics revenue increased to $1.0 million from $0.7 million in Q3 2024, showing a growth of 43% [16] Market Data and Key Metrics Changes - The swimming pool vertical achieved its highest quarterly revenue to date, with systems delivered to six customers totaling $1.0 million [8] - The water for energy market in the US is rapidly growing, with the company establishing a service center in Fort Worth, Texas to support this segment [12] - The marine industry is beginning to show order momentum, with two first orders for marine dual-fuel engine water treatment systems received [10] Company Strategy and Development Direction - The company is focusing on modular design systems to reduce costs and improve deployment efficiency across various applications [9][10] - There is a commitment to expanding filtration solutions to address global water shortages and stringent environmental regulations [22][23] - Partnerships with industry players are being leveraged to enhance capabilities and offer integrated filtration solutions [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth based on strong order books and revenue growth in Q3 2025 [5] - The company anticipates revenue for Q4 2025 to be between $4.6 million and $5.6 million, representing a 38%-67% increase from Q4 2024 [17] - There is a belief that gross margin improvements are sustainable and will continue to rise with increased revenue [26] Other Important Information - The company has deployed nine pilot systems across various industry applications since the beginning of last year, indicating a consistent delivery cadence [13] - The company is working to reduce component and assembly costs in its marine water treatment systems through joint ventures in China [10] Q&A Session Summary Question: Besides swimming pool systems, which segments are seeing the most sustained order momentum? - Management noted strong momentum in the water for energy segment and initial orders from the marine industry [25] Question: Is the uptick in gross margin sustainable? Where do you see gross margins trending over the next few quarters? - Management confirmed that the gross margin increase is sustainable and expected to rise further with higher revenues [26] Question: How is your capacity utilization trending? Are there any metrics you can provide there? - Management indicated that there is spare capacity available to support growth with limited investments [27] Question: What would be a reasonable target for 2026 revenue growth? - Management is currently budgeting for 2026 and sees a strong growth trend but could not provide a concrete number yet [28]

Core Insights - LiqTech International, Inc. reported a 54% increase in revenue for Q3 2025, reaching $3.8 million compared to $2.5 million in Q3 2024, driven by strong performance in water treatment systems, particularly swimming pool operations [5][6][8]. Recent Financial Highlights - Q3 2025 revenue was $3.8 million, a 54% increase from $2.5 million in Q3 2024 [6][8]. - Gross profit margin improved by 28.1 percentage points, resulting in a gross profit of $0.7 million compared to a loss of $0.2 million in Q3 2024 [9]. - Operating expenses decreased by 12.6% to $2.1 million from $2.4 million in Q3 2024 [10]. - The net loss for Q3 2025 was $(1.5) million, an improvement from $(2.8) million in Q3 2024 [6][14]. - The ending cash balance was $7.3 million as of September 30, 2025 [15]. Outlook - Q4 2025 revenue is expected to be between $4.6 million and $5.6 million, indicating a growth of 38% to 67% compared to Q4 2024 [6]. - Full-year 2025 revenue is projected to be between $18.0 million and $19.0 million, reflecting a 23% to 30% increase from 2024 [6]. Recent Operational Highlights - Water system revenue surged by 187% in Q3 2025, totaling $2.0 million, driven by strong pool system deliveries and a system for oily wastewater [6]. - Pool system revenue reached $1.0 million, supported by large orders, including a significant order valued at over $500,000 [6]. - The company received its first commercial orders for marine dual-fuel engine water treatment systems through a joint venture in China [5][6]. - A new service center was established in Texas to enhance support for produced water and industrial filtration solutions [6]. Management Commentary - The CEO highlighted successful execution of strategic objectives, resulting in significant revenue growth and operational efficiencies [5]. - There is increasing global interest in LiqTech's filtration systems across various applications, including energy, industrial, and marine sectors [5].

Core Viewpoint - LiqTech International, Inc. is set to report its third quarter 2025 financial results on November 13, 2025, and will host a conference call to discuss these results [1]. Group 1: Financial Reporting - The company will announce its Q3 2025 financial results for the period ending September 30, 2025, before the market opens on November 13, 2025 [1]. - A conference call is scheduled for the same day at 9:00 a.m. Eastern time to review the financial results [2]. Group 2: Company Overview - LiqTech International, Inc. specializes in clean technology, providing advanced ceramic silicon carbide filtration technologies for gas and liquid purification [3]. - The company's silicon carbide membranes are designed for challenging purification applications, including controlling diesel exhaust soot emissions [3]. - LiqTech utilizes nanotechnology to develop a range of products, including component membranes, membrane systems, and filters for microfiltration and ultrafiltration applications [3]. - The company offers unique, turnkey solutions for complex water purification applications by integrating its SiC liquid membrane technology with extensive systems design capabilities [3].

Summary of LiqTech International Conference Call Company Overview - **Company**: LiqTech International (NASDAQ: LIQT) - **Industry**: Advanced membrane filtration technology for liquid and gas purification - **Mission**: To provide high-end filtration systems that enhance operational efficiency and sustainability for customers [5][2] Core Differentiation - **Technology**: Offers fully automatic filtration systems with in-house membrane production and system assembly, allowing for optimized designs [7][6] - **Proprietary Technology**: Specializes in silicon carbide ceramic membranes, which are mechanically stronger and more chemically resistant than polymer membranes, leading to longer operational lifetimes and reduced cleaning frequency [9][8] - **Market Validation**: Focus on transitioning customers from a CapEx-driven mindset to a total cost of ownership perspective, emphasizing the long-term benefits of their filtration technology [11][10] Market Focus - **Key Markets**: - Oil and Gas: Addressing produced water treatment, with over 20 billion barrels produced annually in the U.S. [14][12] - Maritime: Targeting new commercial vessels with dual fuel engine designs [25][24] - Commercial Swimming Pools: Offering a more efficient alternative to traditional sand filtration, reducing water, energy, and chemical consumption by significant percentages [17][16] - Industrial Wastewater Treatment: Catering to industries like steel processing and chemical manufacturing, with a focus on high-load wastewater streams [19][18] Geographic Expansion - **U.S. and China**: Recent establishment of a service center in the U.S. and a joint venture in China to enhance market presence and service capabilities [24][23][25] Financial Outlook - **Guidance for FY 2025**: Projected revenue of $19 to $20 million, representing a 30% to 37% increase compared to the previous fiscal year [32][26] - **Growth Drivers**: Anticipated strong growth in system business, particularly in maritime and water treatment sectors, due to significant market potential [28][27] Strategic Initiatives - **Operational Improvements**: Focus on innovation, execution, and cost reduction through streamlined assembly processes and potential relocation of assembly operations [30][29][31] - **Risk Management**: Monitoring geopolitical situations and ensuring cohesive organizational development to match commercial growth and customer service demands [32][32] Investment Appeal - **Reasons for Investor Interest**: - Strong market adaptation and demand for advanced filtration solutions - Unique technology and in-house capabilities position the company as a reliable industry partner - Commitment to sustainable growth and long-term shareholder value through a knowledgeable team [33][33]