Q2 2026 LiqTech International Inc Earnings Call Transcript
Key Points
- Record commercial pool revenue of $1.5 million in Q2 2026, up from $0.8 million year-over-year, driven by standardized Clariflow platform and expanded distribution.
- Marine revenue grew to $0.7 million in Q2 2026, up from $0.4 million year-over-year, with key milestones like factory acceptance test approval for ISO dual-fuel units.
- Strengthened balance sheet with $18 million net proceeds from June public offering, used to repay senior promissory notes and improve financial flexibility.
- Received a $2.1 million follow-on order from a US steel manufacturer for four additional systems, demonstrating successful technology validation and repeat business potential.
- New US customer order for a CureFlow QF6 system in Freeport, Texas, expands application beyond produced water and highlights economic and environmental benefits.
- Revised full-year revenue guidance of $20-$23 million still implies meaningful year-over-year growth, reflecting underlying business progress.
- Q2 2026 revenue decreased 12% year-over-year to $4.4 million, with lower water for energy activity and softer plastics purchasing.
- Gross margin declined to 8.4% from 9.8% year-over-year, due to product mix and lower manufacturing capacity utilization.
- Net loss widened to $3.1 million in Q2 2026 from $2.2 million year-over-year, with adjusted EBITDA negative at $1.6 million.
- A major water for energy project was delayed due to customer organizational changes, reducing near-term revenue visibility and leading to revised guidance.
- DPF and membrane revenue fell to $1.0 million from $1.3 million year-over-year, due to temporary raw material availability constraints.
- Plastics revenue declined to $0.9 million from $1.2 million year-over-year, as customer purchasing slowed amid raw material price volatility and market uncertainty.
Good morning and welcome to the Lick Tech International Report Second Quarter Fiscal Year 2026 Financial Results Conference Call.
After today's presentation, there will be an opportunity to ask questions. To submit a question, you may type it into the Ask a Question box on the webcast screen. Please note this event is being recorded.
I would now like to turn the conference over to Robert Bloom with Lithum Partners. Please go ahead.
Great.
Thank you very much, Chloe. Good morning, everyone, and thank you for joining us on today's call to discuss Lictech's second quarter 2026 financial results. Joining us on today's call from the company are Fay Chen, Chief Executive Officer, and David Kowalczyk, the company's Chief Financial and Chief Operating Officer.
As the operator mentioned, before I turn the call over to management, I remind everyone that there will be a Q&A session at the end of the call today. To ask a question through the webcast portal, simply type your
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