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].