Financial Data and Key Metrics Changes - The conference call discusses LiqTech International's third quarter 2024 financial results for the period ending September 30, 2024 [3]. Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines are not provided in the available content. Market Data and Key Metrics Changes - Information on market data and key metrics changes is not included in the provided content. Company Strategy and Development Direction and Industry Competition - The management team, including the CEO and Interim CFO, is present to discuss the company's strategic direction, but specific strategies and competitive positioning are not detailed in the available content [4]. Management Comments on Operating Environment and Future Outlook - Management may provide insights on the operating environment and future outlook during the call, but specific comments are not captured in the provided content. Other Important Information - The call includes a forward-looking statement disclaimer, indicating that the statements made may be subject to risks and uncertainties [5]. Q&A Session Summary - The Q&A session is mentioned, but no specific questions or answers are provided in the available content.

Core Viewpoint - LiqTech International, Inc. reported a significant decline in revenue for Q3 2024, primarily due to delays in a major water treatment project, but is optimistic about future growth opportunities and has implemented cost reduction strategies to improve profitability [2][4]. Financial Highlights - Revenue for Q3 2024 was $2.5 million, a 51% decrease from $5.1 million in Q3 2023, attributed to delays in a large commercial project [2][5]. - Gross loss margin was (8.5)% compared to a gross profit margin of 18.7% in Q3 2023, reflecting a gross loss of $(0.2) million [6]. - Net loss for the quarter was $(2.8) million, compared to $(1.4) million in Q3 2023 [8]. - Ending cash balance was $4.5 million as of September 30, 2024, with a pro forma cash balance of $13.3 million after a private placement [2][8]. Operational Highlights - The company entered a joint venture with Jiangsu Industrial Technology Research Institute to develop water treatment equipment for marine ships in China [3]. - A pilot project order was received from a U.S. petrochemical company for microplastics removal [3]. - Two swimming pool systems were delivered to Ireland and Spain during Q3 2024 [3]. - Testing of a mini unit for lithium brine production pretreatment was completed, leading to a pilot unit order [3]. - A cost reduction strategy was implemented to lower the break-even target to approximately $5.5 million in quarterly revenue [3][4]. Management Commentary - The CEO noted that the delay in the water treatment project impacted Q3 results but emphasized the number of ongoing testing and piloting programs [4]. - The company expects Q4 2024 revenue to be between $3.3 million and $4.3 million, compared to $3.9 million in Q4 2023 [4][9].

Group 1 - LiqTech International, Inc. will report its financial results for Q3 2024 on November 14, 2024, before the market opens [1] - A conference call to review the results is scheduled for the same day at 9:00 a.m. ET [2] - Interested parties can access the conference call via phone or a live webcast [2] Group 2 - LiqTech International, Inc. specializes in high-tech filtration technology, particularly ceramic silicon carbide filtration for gas and liquid purification [4] - The company develops products using proprietary silicon carbide technology, offering solutions for microfiltration and ultrafiltration applications [4] - LiqTech's products are designed for challenging purification applications, including controlling diesel exhaust soot emissions [4]

Core Viewpoint - LiqTech International, Inc. has announced a definitive securities purchase agreement with existing institutional investors, aiming to raise funds through a Private Placement to support its growth strategy in various sectors [1][4]. Group 1: Private Placement Details - The Private Placement will consist of 3,630,129 shares of common stock, 1,369,871 pre-funded warrants, and warrants to purchase up to 5,000,000 shares of common stock [2]. - The purchase price for one share of common stock and one accompanying warrant is set at $2.00, while the price for one pre-funded warrant and one accompanying warrant is $1.999 [2]. - The transaction will close in two tranches, with the first tranche representing 19.99% of shares outstanding prior to the Private Placement, and the total gross proceeds expected to be $10 million [3]. Group 2: Use of Proceeds - Proceeds from the Private Placement will be utilized for ongoing commercial development in the U.S. oil & gas sector, expansion in the European and U.S. swimming pool sector, and a new initiative in marine exhaust gas recirculation water treatment [4]. Group 3: Company Overview - LiqTech International, Inc. specializes in high-tech filtration technology, providing advanced ceramic silicon carbide filtration technologies for gas and liquid purification [6]. - The company develops products using proprietary silicon carbide technology, offering solutions for challenging purification applications, including diesel exhaust soot emissions control [6].

BALLERUP, Denmark, Aug. 14, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT) ("LiqTech"), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced its financial results for the second quarter of 2024. Q2 2024 Financial Highlights Revenue of $4.5 million, a 10% decrease from Q2 2023 and a 6% increase from Q1 2024. Gross profit margin of 16.0% compared to 23.3% in Q2 2023 and 6.4% in Q1 2024. Net loss of $(2.1) million compared to $(1. ...

BALLERUP, Denmark, Aug. 12, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a high-tech filtration technology company that manufactures and markets highly specialized filtration products and systems, today announced the receipt of an order from one of the world's leading integrated energy companies to deliver a pilot system for produced water treatment in the U.S. This produced water treatment order strengthens the relationship between the two companies with the intention to use the results ...

BALLERUP, Denmark and SHANGHAI, China, Aug. 1, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a high-tech filtration company that manufactures and markets highly specialized filtration products and systems, and China Haisum Engineering Co., Ltd., a one-stop intelligent engineering service company, have entered a Memorandum of Understand ("MoU") to explore the application of LiqTech's advanced filtration system for the challenged industrial water treatment in China. China Haisum Engineering ...

BALLERUP, Denmark, July 25, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a high-tech filtration company that manufactures and markets highly specialized filtration products and systems for marine, and Danbee Marine, a South Korean-based maritime representative to the shipping industry, entered into a partnership agreement with Danbee to market LiqTech's marine scrubber water treatment solutions within South Korea, the second largest ship building market in the world after China. Establis ...

Forward-Looking Statements This press release contains "forward-looking statements." Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the reports filed with th ...

LiqTech Investor Contact Robert Blum Lytham Partners, LLC Phone: 602-889-9700 liqt@lythampartners.com SOURCE LiqTech International, Inc. LiqTech Company Contact Phillip Massie Price, Interim Chief Financial Officer LiqTech International, Inc. Phone: +45 31313993 [email protected] BALLERUP, Denmark and HOUSTON, July 18, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a high-tech filtration technology company that manufactures and markets highly specialized filtration products and systems, to ...