LiqTech International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:06 pm EST
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LiqTech International, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 5.07 million compared to USD 3.31 million a year ago. Net loss was USD 1.41 million compared to USD 1.75 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.32 a year ago. Diluted loss per share from continuing operations was USD 0.25 compared to USD 0.32 a year ago.
For the nine months, sales was USD 14.07 million compared to USD 11.96 million a year ago. Net loss was USD 5.36 million compared to USD 12.01 million a year ago. Basic loss per share from continuing operations was USD 0.94 compared to USD 2.95 a year ago. Diluted loss per share from continuing operations was USD 0.94 compared to USD 2.95 a year ago.
LiqTech International Inc is a clean technology international company, which is engaged in filtration technologies with headquarter in Denmark. The Company specializes in three main business areas: Water - cleaning water of suspended solids, oil & grease, germs & heavy metals, Ceramics - using silicon carbide membranes in diesel exhaust and liquid filtration products, and Plastics - plastic manufacturing. The Company focuses on water treatment systems through its subsidiary, LiqTech Water A/S, sells and develops silicon carbide membranes and diesel particulate filters through LiqTech Ceramics A/S, while LiqTech Plastics A/S, has a focus on plastic processing.