LiqTech International Inc (NAS:LIQT)
$ 0.64 +0.023 (+3.71%) Market Cap: 20.96 Mil Enterprise Value: 31.05 Mil PE Ratio: 0 PB Ratio: 0.83 GF Score: 32/100

Q4 2025 LiqTech International Inc Earnings Call Transcript

Feb 27, 2026 / 02:00PM GMT
Release Date Price: $1.99 (+10.56%)

Key Points

Positve
  • LiqTech International Inc (LIQT) reported a 13% increase in revenue for 2025, driven by a 49% increase in total systems and aftermarket revenue.
  • The company's commercial pool business delivered the strongest year in its history, with 34 pool systems sold, contributing $2.6 million in revenue.
  • LiqTech International Inc (LIQT) expanded its relationship with a UK distributor into an exclusive agreement, indicating strong international growth potential.
  • The company opened a dedicated service center in Texas, enhancing customer support and contributing to new business development in the US market.
  • LiqTech International Inc (LIQT) expects significant revenue growth in 2026, with projections between $23 million and $27 million, driven by expansion in pool systems, industry applications, and marine segments.
Negative
  • The company fell short of its original revenue guidance due to delays in a large oil and gas order, highlighting challenges in project timing predictability.
  • Gross margins remain below optimal levels at 7.6%, partly due to fixed production costs not being fully absorbed.
  • The oil and gas segment continues to face timing challenges, impacting margin profiles and revenue predictability.
  • There was a decrease in sales of DPF and ceramic membrane cells, down from $5.6 million to $4 million, indicating a decline in this segment.
  • The company is evaluating financial options to support its growth plan, suggesting potential capital needs in 2026.
Operator

Good morning and welcome to the Lickech International Report's fourth quarter and fiscal year 2025 financial results conference call. (Operator Instructions). I would now like to turn the conference over to Robert Blum with LiqTech. Please go ahead.

Robert Blum LiqTech International Inc;Managing Partner

All right, thank you very much, Drew, and good morning, everyone, and thank you all for joining us on today's conference call to discuss Lich Tech International's fourth quarter and full year 2025 financial results. Joining us on today's call from the company are Fei Chen, Chief Executive Officer, and David Kowalczyk, the company's Chief Financial and Chief Operating Officer.

Before I turn the call over to management, let me remind listeners that there will be a Q&A session at the end of the call. To ask a question through the webcast portal, simply type in your question through the Ask a question feature in the webcast player.

Before we begin with prepared remarks, we submit for the record the following statement. This conference

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