Core Viewpoint - LiqTech International, Inc. reported a sequential revenue growth of 37% in Q4 2024, driven by an increase in pilot systems and improvements in the swimming pool business, despite an overall revenue decline for the fiscal year 2024 compared to 2023 [3][4]. Recent Financial Highlights - FY 2024 revenue was 18.0 million in FY 2023, primarily due to reduced deliveries in various product lines [4][5]. - Q4 2024 revenue was (10.3) million for FY 2024, compared to 4.3 million and 5.5 to $6.0 million in quarterly revenue [3][5]. - LiqTech is expanding its presence in the swimming pool market and has entered a joint venture to develop water treatment systems for marine ships in China [5][6]. Management Commentary - The CEO highlighted the importance of the recent commercial order as a validation of LiqTech's solutions in the energy industry and expressed optimism about future growth opportunities [3][5]. - The company is focused on achieving profitability in 2025 through revenue growth and cost-saving initiatives [3].
LiqTech International Announces Financial Results for Fourth Quarter and Full Year 2024