Liquidmetal Technologies Files 2023 10-K Amendment

TL;DR

LMNT filed its 2023 10-K amendment, showing $917M in assets. Check financials.

AI Summary

Liquidmetal Technologies Inc. filed an amendment to its 2023 10-K on November 21, 2024, reporting its financial results for the fiscal year ending December 31, 2023. The company's total assets were $917,285,149. The filing details various financial metrics and operational aspects for the period.

Why It Matters

This amendment provides updated financial information for Liquidmetal Technologies Inc., crucial for investors and stakeholders to assess the company's performance and financial health as of December 31, 2023.

Risk Assessment

Risk Level: medium — The company is filing an amendment to its 10-K, which could indicate previously undisclosed or corrected material information, warranting closer scrutiny.

Key Numbers

• $917.29M — Total Assets (As of December 31, 2023)
• 1,100,000,000 — Total Equity (As of December 31, 2023)

Key Players & Entities

• LIQUIDMETAL TECHNOLOGIES INC (company) — Filer
• 20231231 (date) — Fiscal Year End
• 20241121 (date) — Filing Date
• $917,285,149 (dollar_amount) — Total Assets

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common stock, $0.001 par value per share LQMT OTCQB In
• $0.06 — ck are deemed to have a market value of $0.06 per share, the closing price of the com

Filing Documents

• lqmt20231231_10ka.htm (10-K/A) — 1585KB
• ex_750191.htm (EX-23.1) — 2KB
• ex_750192.htm (EX-31.1) — 8KB
• ex_750193.htm (EX-32.1) — 5KB
• 0001437749-24-035959.txt ( ) — 7185KB
• lqmt-20231231.xsd (EX-101.SCH) — 68KB
• lqmt-20231231_cal.xml (EX-101.CAL) — 52KB
• lqmt-20231231_def.xml (EX-101.DEF) — 449KB
• lqmt-20231231_lab.xml (EX-101.LAB) — 390KB
• lqmt-20231231_pre.xml (EX-101.PRE) — 486KB
• lqmt20231231_10ka_htm.xml (XML) — 1018KB

, Item 1. Business

Part I, Item 1. Business

, Item 1A. Risk Factors

Part I, Item 1A. Risk Factors

, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

, Item 14. Principal Accountant Fees and Services

Part III, Item 14. Principal Accountant Fees and Services Exhibit 21.1. Subsidiaries of Registrant The Company's Principal Executive Officer and Principal Financial Officer has provided new certifications dated as of the date of this filing in connection with this Amendment (Exhibits 31.1, 31.2, 32.1 and 32.2). Except as described above, no other portion of the Form 10-K is being amended and this Amendment does not reflect any events occurring after the filing of the Form 10-K. 3 Table of Contents TABLE OF CONTENTS Page PART I Item 1.

Business

Business 5 Item 1A.

Risk Factors

Risk Factors 12 Item 1B. Unresolved Staff Comments 19 Item 1C. Cybersecurity 19 Item 2.

Properties

Properties 20 Item 3.

Legal Proceedings

Legal Proceedings 20 Item 4. Mine Safety Disclosures 20 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 21 Item 6. [Reserved] 21 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 29 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 29 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 29 Item 9A.

Controls and Procedures

Controls and Procedures 29 Item 9B. Other Information 29 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 29 PART III Item 10. Directors, Executive Officers and Corporate Governance 30 Item 11.

Executive Compensation

Executive Compensation 31 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 34 Item 13. Certain Relationships and Related Transactions, and Director Independence 36 Item 14. Principal Accounting Fees and Services 37 PART IV Item 15. Exhibits, Financial Statement Schedules 38 Item 16. Form 10-K Summary 42 4 Table of Contents PART I

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 10-K of Liquidmetal Technologies, Inc. contains "forward-looking statements" that may state our management's plans, future events, objectives, current expectations, estimates, forecasts, assumptions or projections about the company and its business. Any statement in this report that is not a statement of historical fact is a forward-looking statement, and in some cases, words such as "believes," "estimates," "projects," "expects," "intends," "may," "anticipate," "plans," "seeks," and similar expressions identify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual outcomes and results to differ materially from the anticipated outcomes or results. These statements are not guarantees of future performance, and undue reliance should not be placed on these statements. It is important to note that our actual results could differ materially from what is expressed in our forward-looking statements due to the risk factors described in the section of this report entitled "Risk Factors" (Item 1A of this report) as well as the following risks and uncertainties: Our ability to fund our operations in the long-term through financing transactions on terms acceptable to us, or at all Our history of operating losses and the uncertainty surrounding our ability to achieve or sustain profitability Our limited history of developing and selling products made from our bulk amorphous alloys Challenges associated with having products manufactured from our alloys and the use of third parties for manufacturing Our limited history of licensing our technology to third parties Lengthy customer adoption cycles and unpredictable customer adoption practices Our ability to identify, develop, and commercialize new product applications for our technology Competition from current suppliers of incumbent materials or producers of competing products Our ability to identify, consummate

Business

Item 1. Business In this Annual Report on Form 10-K, unless the context indicates otherwise, references to "the Company", "Liquidmetal Technologies", "our Company", "we", "us", and similar references refer to Liquidmetal Technologies, Inc. and its subsidiaries. Overview We are a materials technology company that works with manufacturing and commercial partners to develop and commercialize products made from our proprietary amorphous alloys. Our Liquidmetal family of alloys consists of a variety of proprietary bulk alloys and composites that utilize the advantages offered by amorphous alloy technology. We work with partners to design, develop, and sell custom products and parts from bulk amorphous alloys for sale in various industries. We also partner with third-party manufacturers and licensees to develop and commercialize Liquidmetal alloy products. Amorphous alloys are, in general, unique materials that are distinguished by their ability to retain a random atomic structure when they solidify, in contrast to the crystalline atomic structure that forms in other metals and alloys when they solidify. Liquidmetal alloys are proprietary amorphous alloys that possess a combination of performance, processing, and potential cost advantages that we believe will make them preferable to other materials in a variety of applications. The amorphous atomic structure of bulk alloys enables them to overcome certain performance limitations caused by inherent weaknesses in crystalline atomic structures, thus facilitating performance and processing characteristics superior in many ways to those of their crystalline counterparts. We believe the alloys and the molding technologies we employ can result in components for many applications that exhibit exceptional dimensional control and repeatability that rivals precision machining, excellent corrosion resistance, brilliant surface finish, high strength, high hardness, high elastic limit, alloys that are non-magnetic, and the abilit

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View this 10-K/A filing on SEC EDGAR