LiqTech International, Inc. (NASDAQ:LIQT) is reporting third quarter financial results on Monday 9th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, LIQT is expected to report 3Q20 loss of $ 0.07 per share from revenue of $ 4.27 million.
For the full year, analysts anticipate top line of $ 27.48 million, while looking forward to loss of $ 0.18 per share bottom line.
Previous Quarter Performance
LiqTech International, Inc. came out with loss for the second quarter of $ 0.12 per share, from the revenue of $ 4.64 million. The quarterly revenues decreased 50.11 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.04 per share from $ 4.67 million in revenue. The bottom line results missed street analysts by $ 0.08 or 200 percent, at the same time, top line results fell short of analysts by $ 0.03 million or 0.64 percent.
Stock Performance
On Friday, shares of LiqTech International, Inc. has traded high as $ 7.42 and has cracked $ 6.92 on the downward trend, reaching $ 7.12 with volume of 36.60 thousand shares.
According to the previous trading day, closing price of $ 7.12, representing a 154.24 % increase from the 52 week low of $ 2.95 and a 17.58 % decrease over the 52 week high of $ 9.10.
The company has a market capital of $ 154.19 million and is part of the Industrials sector and Pollution & Treatment Controls industry.
LiqTech International, Inc., a clean technology company, provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The company manufactures and sells ceramic silicon carbide membranes and systems for liquid filtration under the LiqTech, Cometas, and Provital brand names, which are used for the filtration of produced water, pre-filtration of reverse osmosis drinking water, industrial applications, producing clean drinking water, and pool and spa water, as well as marine scrubber bleed water. It also offers diesel particulate filters for exhaust emission control solutions to the verified retrofit and the original equipment manufacturer market; and kiln furniture to support ceramics that create additional space to maximize the number of items for each firing.