Liquidmetal Technologies Inc. (OTCMKTS:LQMT)

Liquidmetal Technologies Inc. (OTCMKTS:LQMT) Touts Production Milestones

Liquidmetal Technologies Inc. (OTCMKTS:LQMT)

Shares of Liquidmetal Technologies Inc. (OTCMKTS:LQMT) gained 10.8% after the amorphous alloy developer said it achieved major production milestones in the medical and automotive markets in Q3. During the quarter, the company demonstrated its new ENGEL-based medical grade molding system and upgraded EON industrial grade molding systems.

Liquidmetal Technologies Inc. (OTCMKTS:LQMT)

Financial Results/ Corporate Update

Focus in the quarter was on the development of prototype and commercial parts for customers. Liquidmetal Technologies Inc. (OTCMKTS:LQMT) also partnered licensees on the development of the company’s technology and production processes.

“Our customers have shifted from an interest in a novel technology to a strong desire to produce high volumes of amorphous metal parts. We now have the capabilities customers demand to scale high-value production,” said Bruce Bromage, COO.

It awaits to be seen if the milestones will help strengthen investors’ confidence in Liquidmetal Technologies Inc. (OTCMKTS:LQMT). The stock has been under pressure since September when it rose to $0.40 a share. While the stock is up by more than 10% for the year, it faces the risk of dropping further as it continues to trade near a key support level.

For the third quarter, Liquidmetal Technologies Inc. (OTCMKTS:LQMT) generated revenues of $36,000. Selling, marketing, general, and administrative expenses in the quarter totaled $1.7 million as research and development expenses dropped to $500,000 from $548,000 as of last year.

The company exited the quarter with cash and cash equivalent of $43.3 million compared to $58.9 million as of December 31, 2016. Liquidmetal Technologies Inc. (OTCMKTS:LQMT) attributes the decrease to capital expenditures associated with the build-out of the company’s manufacturing capabilities.

LiquidMetal COO Appointment

Separately, Liquidmetal Technologies Inc. (OTCMKTS:LQMT) has confirmed the appointment of Bruce Bromage as the company’s Chief Operating Officer. Bromage is tasked with the responsibility of executing the company’s business strategy and operations.

He takes over after serving as the company’s executive vice president of business development and operations. Bromage has previously held executive positions at Hewlett Packard and the Hughes Aircraft Company. According to the Chief Executive Officer, the appointment provides direct accountability for the company’s operational financial performance.

Open House Event

The developer of alloy technologies hosted an open house event at its Lake Forest facility last month. Over 180 investors, customers, and partners attended the event. On display were the firm’s three production lines, medical-grade amorphous metal molding, and industrial grade amorphous metal molding and newly added Metal injection molding.

“It was a pleasure to be able to discuss our business directly with customers and investors,” said Professor Li. “They had many excellent questions.”

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Liquidmetal Technologies Inc (OTCMKTS:LQMT)

Is Liquidmetal Technologies Inc (OTCMKTS:LQMT) Still A Buy?

Liquidmetal Technologies Inc (OTCMKTS:LQMT)

Shares of Liquidmetal Technologies Inc (OTCMKTS:LQMT) were up by 0.49% after the company confirmed the appointment of Mr. Tony Chung as a director, following his resignation as Chief Financial Officer. Mr. Bryce Van has since been appointed as the vice president of Finance and will double up as the principal financial and accounting officer.

Liquidmetal Technologies Inc (OTCMKTS:LQMT)
One month stock price chart for LQMT

Liquidmetal Technologies Inc (OTCMKTS:LQMT) has been on an impressive run in the stock market as it continues to outperform the overall industry. The stock is already up by more than 40% for the year as it continues to trade in a strong upward trend. The stock is currently trading at the higher end of its trading range and the market is watching to see if it will break aboveits 52-week high of $0.34 given the strong bullish momentum.

Liquidmetal Technologies Inc. (OTCMKTS:LQMT) is a material technology and manufacturing company focused on the development and commercialization of amorphous alloys. Its family of alloys consists of a range of bulk alloys and composites that utilize amorphous alloy technology. The company also partners third parties to manufacture and commercialize Liquidmetal alloy products.

Management Changes

Mr. Chung stepped down after serving as the company’s Chief Financial officer for nearly 10 years. During the quarter, he ensured the company had sufficient funding for its operations as well as helping it fulfill its vision of becoming a leading developer of amorphous alloy technologies.

“Tony’s expertise in the legal and financial realms has helped propel the Company for many years. We value his experience and are delighted to know that he will continue to contribute to Liquidmetal’s future success as a member of our Board of Directors,” said Professor Lugee Li, Chairman, and CEO.

New Offices

Separately, Liquidmetal Technologies Inc. (OTCMKTS:LQMT) has confirmed the termination of a leasing agreement for its previous facility located in Rancho Sanoa Margarita. The termination comes after the company moved to its new state of the art facility located in Lake Forest, CA.

Liquidmetal Technologies Inc (OTCMKTS:LQMT) will host stockholders and investors on October 17, 217 to showcase the state of the art facility.

“The Company has devoted much of 2017 to acquiring and building out its new manufacturing facility. Now that we are here, we are truly excited to share our continuing story as we begin manufacturing operations in our new building,” said Mr. Li.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $LQMT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.