LiqTech International, Inc. (NASDAQ:LIQT) Q1 2020 Earnings Conference Call May 11, 2020 9:00 AM ET Company Participants Robert Blum - Managing Partner, Lytham Partners, LLC Sune Mathiesen - Chief Executive Officer Conference Call Participants Eric Stine - Craig-Hallum Robert McCarthy - Stephens Rob Brown - Lake Street Capital Markets Operator Good morning. Welcome to the LiqTech Reports First Quarter 2020 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions ...

Financial Performance - Revenue for the year ended December 31, 2019 was $32,637,484, an increase of $20,405,396 or 166.8% compared to $12,232,088 in 2018[149]. - Gross profit for the year ended December 31, 2019 was $7,162,314, representing an increase of $6,096,170 or 571.8% from $1,066,144 in 2018[150]. - Net income for the year ended December 31, 2019 was $39,616, a significant improvement of $3,854,144 compared to a loss of $3,814,528 in 2018[157]. - Total current assets increased to $27,487,257 as of December 31, 2019, up from $11,373,206 in 2018, reflecting a growth of approximately 142%[201]. - Total stockholders' equity increased to $23,005,531 in 2019 from $8,539,636 in 2018, reflecting a growth of approximately 169%[204]. - The company experienced a total comprehensive loss of $382,087 in 2019, an improvement from a loss of $4,518,592 in 2018[208]. Sales and Revenue Composition - For the year ended December 31, 2019, sales of liquid filters, services, and systems were $25,464,614, accounting for 78% of total sales, compared to $5,264,663 and 43% in 2018[20]. - Diesel particulate filter (DPF) sales for the year ended December 31, 2019, were $5,652,685, representing 17% of total sales, down from $6,536,085 and 53% in 2018[24]. - Plastics revenues for the four months ended December 31, 2019, were $895,203, accounting for 3% of total sales[25]. - For the year ended December 31, 2019, the company's four largest customers accounted for approximately 68% of net sales, up from 31% in 2018, indicating a significant customer concentration risk[44]. Market Trends and Opportunities - The market for marine water filtration systems is expected to see 8,000-10,000 ships retrofitted with scrubber water treatment systems over the next five years[30]. - The global market for membrane technologies in the water industry is projected to grow at a CAGR of 7.5%, from $8.1 billion in 2018 to $11.7 billion in 2021[32]. - There is a global trend of increasing demand for higher-quality re-injection water, particularly in unconventional oil and gas production, which is favorable for the company's SiC Filters[34]. - The market for water filtration is rapidly growing due to the expected clean water shortages affecting half of the human population by 2025, with 29% currently living without clean water[35]. - The global market for new Diesel Particulate Filters (DPF) is expected to grow approximately 13% per year from 2017 to 2026, driven by increasing regulations on diesel engine emissions[36]. Research and Development - The company spent $749,249 and $661,014 on research and development for the years ended December 31, 2019 and 2018, respectively[54]. - Research and development expenses for the year ended December 31, 2019 were $749,249, an increase of $88,235 or 13.3% compared to $661,014 in 2018[153]. - The company plans to continue developing ceramic membranes and improve filtration efficiency, aiming to enter new markets with significant opportunities[6]. - The company has developed proprietary silicon carbide technology for gas and liquid purification, addressing the demand for higher water quality[135]. Operational Challenges and Risks - The company faces risks related to customer concentration and credit risk on accounts receivable, which could adversely affect its results of operations[62]. - The uncertain macroeconomic environment may adversely affect sales and earnings, as customers may experience cash flow problems and delay or cancel purchases[66]. - The company may face challenges in attracting and retaining qualified personnel necessary for business expansion, which could adversely affect growth[68]. - Changes in governmental standards could render some products obsolete, negatively impacting the company's business and financial condition[72]. - The company may face challenges in obtaining adequate supplies of raw materials such as silicon carbide, steel, plastic, platinum, and palladium, which could negatively impact product supply and profit margins[84]. Financial Position and Capital Structure - The company had cash of $9,783,932 and net working capital of $17,155,126 as of December 31, 2019, compared to cash of $3,776,111 and net working capital of $6,753,593 at the end of 2018[160]. - The company completed a public offering of 2,215,862 shares at a price of $7.25 per share, generating total gross proceeds of $16,065,000[142]. - The company may experience dilution of existing stockholders' equity if it raises capital through equity or convertible debt securities[110]. - The company’s common stock has limited trading volume, which could hinder investors' ability to liquidate their investments in a timely manner[112]. - The company is no longer classified as an "emerging growth company," increasing compliance burdens and costs[93]. Compliance and Regulatory Environment - The company may incur substantial costs related to compliance with environmental regulations, which could affect financial results and operations[90]. - Operating as a public company incurs significant legal and accounting expenses, which may adversely affect financial condition and results[92]. - Internal control weaknesses over financial reporting could lead to inaccurate financial results, impacting investor confidence and stock price[97]. - Revenue recognition is based on the transfer of control to customers, with the majority of sales contracts recognizing revenue upon shipment or acceptance, ensuring timely cash flow[177].

LiqTech International, Inc. (NASDAQ:LIQT) Q4 2019 Earnings Conference Call March 26, 2020 9:00 AM ET Company Participants Robert Blum - Lytham Partners Sune Mathiesen - CEO Conference Call Participants Eric Stine - Craig Hallum Operator Good day. And welcome to the LiqTech International reports Fourth Quarter and Fiscal Year 2019 Financial Results Conference Call. All participants will be listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Op ...

improving our future WELCOME Investor Day Tuesday, January 21, 2020 Cautionary Statement Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Although the forward-looking statements in this presentation 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 diff ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to _______________________ Commission File Number:001-36210 LiqTech International, Inc. (Exact name of registran ...

LiqTech International, Inc. (NASDAQ:LIQT) Q3 2019 Earnings Conference Call November 14, 2019 9:00 AM ET Company Participants Robert Blum - Lytham Partners Sune Mathiesen - CEO Conference Call Participants Aaron Spychalla - Craig-Hallum Rob Brown - Lake Street Capital Markets Shawn Boyd - Next Mark Capital Roger Liddell - Clear Harbor Asset Management Operator Good morning. And welcome to the LiqTech International Third Quarter Fiscal Year 2019 Financial Results Conference Call. All participants will be list ...

LiqTech International, Inc. (NASDAQ:LIQT) Q2 2019 Earnings Conference Call August 14, 2019 9:00 AM ET Company Participants Robert Blum - Lytham Partners Sune Mathiesen - Chief Executive Officer and Director Conference Call Participants Eric Stine - Craig Hallum Robert McCarthy - Stephens Rob Brown - Lake Street Capital Markets Liam Burke - B. Riley FBR Operator Good morning. And welcome to the LiqTech Second Quarter Fiscal Year 2019 Financial Results Conference Call. [Operator Instructions] Please note this ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549 FORM 10-Q LiqTech International, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Industriparken 22C, DK 2750 Ballerup, Denmark (Address of principal executive offices) (Zip Code) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the six months period ended ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the three months period ended March 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to _______________________ Commission File Number: 001-36210 LiqTech International, Inc. (Exact name of registran ...

LiqTech International, Inc. (NASDAQ:LIQT) Q1 2019 Results Earnings Conference Call May 14, 2019 9:00 AM ET Company Participants Robert Blum - Lytham Partners Sune Mathiesen - CEO Conference Call Participants Eric Stine - Craig-Hallum Rob Brown - Lake Street Capital Markets Liam Burke - B. Riley FBR John Henderson - Kershner Trading Group Roger Liddell - Clear Harbor Asset Management Shawn Boyd - Next Mark Capital Operator Good morning, and welcome to LiqTech Reports First Quarter Fiscal Year 2019 Financial ...