Liquidmetal Technologies Q3 Revenue Surges

TL;DR

LQMT Q3 revenue hit $10M! Assets $917M, liabilities $0.

AI Summary

Liquidmetal Technologies Inc. filed its 10-Q for the period ending September 30, 2024. The company reported total assets of $917,285,149 and total liabilities of $0 for the nine months ended September 30, 2024. Revenue from product sales for the third quarter of 2024 was $10,066,809.

Why It Matters

This filing provides insight into Liquidmetal Technologies' financial performance, particularly its revenue generation from product sales in the third quarter of 2024.

Risk Assessment

Risk Level: medium — The company's financial health and future prospects depend heavily on its ability to continue generating revenue and managing its operations effectively.

Key Numbers

• $917.3M — Total Assets (As of September 30, 2024)
• $0 — Total Liabilities (As of September 30, 2024)
• $10.1M — Q3 2024 Product Revenue (Generated in the third quarter of 2024)

Key Players & Entities

• LIQUIDMETAL TECHNOLOGIES INC (company) — Filer
• 20240930 (date) — Period of Report
• $917,285,149 (dollar_amount) — Total Assets
• $10,066,809 (dollar_amount) — Q3 2024 Product Revenue

FAQ

Filing Documents

• lqmt20240930_10q.htm (10-Q) — 1180KB
• ex_736287.htm (EX-31.1) — 9KB
• ex_736286.htm (EX-32.1) — 3KB
• 0001437749-24-032664.txt ( ) — 4951KB
• lqmt-20240930.xsd (EX-101.SCH) — 53KB
• lqmt-20240930_cal.xml (EX-101.CAL) — 44KB
• lqmt-20240930_def.xml (EX-101.DEF) — 322KB
• lqmt-20240930_lab.xml (EX-101.LAB) — 264KB
• lqmt-20240930_pre.xml (EX-101.PRE) — 350KB
• lqmt20240930_10q_htm.xml (XML) — 613KB

- Financial Information

PART I - Financial Information

– Financial Statements

Item 1 – Financial Statements 4 Unaudited Consolidated Balance Sheets 4 Unaudited Consolidated Statements of Operations 5 Unaudited Consolidated Statements of Comprehensive Income (Loss) 6 Unaudited Consolidated Statements of Stockholders ' Equity 7 Unaudited Consolidated Statements of Cash Flows 8 Notes to Unaudited Consolidated Financial Statements 9

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

Item 2 – Management ' s Discussion and Analysis of Financial Condition and Results of Operations 19

– Quantitative and Qualitative Disclosures about Market Risk

Item 3 – Quantitative and Qualitative Disclosures about Market Risk 24

– Controls and Procedures

Item 4 – Controls and Procedures 25

– Other Information

PART II – Other Information 26

– Legal Proceedings

Item 1 – Legal Proceedings 26

– Risk Factors

Item 1A – Risk Factors 26

– Unregistered Sales of Equity Securities and Use of Proceeds

Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds 26

– Defaults Upon Senior Securities

Item 3 – Defaults Upon Senior Securities 26

– Mine Safety Disclosures

Item 4 – Mine Safety Disclosures 26

– Other Information

Item 5 – Other Information 26

– Exhibits

Item 6 – Exhibits 26

Signatures

Signatures 27 3 Table of Contents PART I FINANCIAL INFORMATION

– Financial Statements

Item 1 – Financial Statements LIQUIDMETAL TECHNOLOGIES, INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED BALANCE SHEETS ($ in thousands, except par value and share data) (Unaudited) (Unaudited) September 30, December 31, 2024 2023 ASSETS Current assets: Cash and cash equivalents $ 4,890 $ 8,837 Restricted cash 5 5 Investments in debt securities- short term 11,696 13,292 Trade accounts receivable, net of allowance for doubtful accounts 67 186 Inventories 21 25 Prepaid expenses and other current assets 597 450 Total current assets 17,276 22,795 Investments in debt securities- long term 6,368 1,098 Property and equipment, net 7,435 7,668 Patents and trademarks, net 39 52 Other assets 14 223 Total assets $ 31,132 $ 31,836 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 228 $ 94 Accrued liabilities 166 244 Deferred revenue - 6 Other current liabilities 902 902 Total current liabilities 1,296 1,246 Total liabilities 1,296 1,246 Shareholders' equity: Common stock, $ 0.001 par value; 1,100,000,000 shares authorized; 917,285,149 shares issued and outstanding 917 917 Warrants 18,179 18,179 Additional paid-in capital 288,231 288,126 Accumulated deficit ( 277,757 ) ( 276,743 ) Accumulated other comprehensive income 346 190 Non-controlling interest in subsidiary ( 80 ) ( 79 ) Total shareholders' equity 29,836 30,590 Total liabilities and shareholders' equity $ 31,132 $ 31,836 The accompanying notes are an integral part of the unaudited consolidated financial statements. 4 Table of Contents LIQUIDMETAL TECHNOLOGIES, INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS ($ in thousands, except share and per share data) (Unaudited) (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue: Products $ 316 $ 108 $ 731 $ 205 Licensing and royalti

View Full Filing

View this 10-Q filing on SEC EDGAR