LiqTech International, Inc. (LIQT) 10-Year Financial Performance & Capital Metrics

LIQT • • Industrial / General

IndustrialsEnvironmental ServicesIndustrial Filtration & SeparationMulti-Process Filtration

AboutLiqTech International, Inc., a clean technology company, designs, develops, produces, markets, and sells automated filtering systems, ceramic silicon carbide liquid applications, and diesel particulate air filters in the United States, Canada, Europe, Asia, and South America. It operates in three segments: Water, Ceramics, and Plastics. The company manufactures and sells silicon carbide ceramic filtration technologies for liquid and gas purification; and diesel particulate filters for exhaust emission control solutions to the verified retrofit and the original equipment manufacturer market. It also develops, manufactures, and sells liquid filtration systems, which are used for the marine scrubber systems, filtration of produced water, pre-filtration of reverse osmosis drinking water, industrial applications, producing clean drinking water, pool and spa water, food and beverage applicationz, seawater reverse osmosis, filter press, and UV disinfection. In addition, the company manufactures machined and welded plastic parts. LiqTech International, Inc. sells its products primarily to industrial customers through direct sales, systems integrators, distributors, agents, and partners. The company was formerly known as Blue Moose Media, Inc. and changed its name to LiqTech International, Inc. in October 2011. LiqTech International, Inc. was founded in 2000 and is headquartered in Ballerup, Denmark.Show more

Revenue $15M -18.9%
EBITDA -$7M -45.0%
Net Income -$10M -20.7%
EPS (Diluted) -1.64 -8.6%
Gross Margin 1.72% -88.9%
EBITDA Margin -46.24% -78.7%
Operating Margin -64.96% -50.0%
Net Margin -70.84% -48.8%
ROE -60.98% -44.4%
ROIC -37.84% -28.4%
Debt/Equity 0.71 +0.3%
Interest Coverage -56.62 -10.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.7x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Sales declining 14.9% over 5 years
✗Shares diluted 10.9% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.03%

5Y-14.86%

3Y-7.2%

TTM10.97%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM15.28%

EPS CAGR

10Y-

5Y-

3Y-

TTM45.05%

ROCE

10Y Avg-39.58%

5Y Avg-32.33%

3Y Avg-33.04%

Latest-33.89%

Peer Comparison

Multi-Process Filtration

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LIQTLiqTech International, Inc.	17.81M	1.85	-1.13	-18.87%	-53.25%	-69.97%		0.71

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	15.81M	13.91M	11.34M	12.23M	32.64M	22.53M	18.27M	15.98M	18M	14.6M
Revenue Growth %	0.09%	-0.12%	-0.18%	0.08%	1.67%	-0.31%	-0.19%	-0.13%	0.13%	-0.19%
Cost of Goods Sold+	12.6M	12.47M	11.14M	11.17M	25.48M	20.38M	16.7M	15.42M	15.23M	14.35M
COGS % of Revenue	0.8%	0.9%	0.98%	0.91%	0.78%	0.9%	0.91%	0.96%	0.85%	0.98%
Gross Profit+	3.21M	1.43M	206.75K	1.07M	7.16M	2.15M	1.58M	567.14K	2.78M	250.91K
Gross Margin %	0.2%	0.1%	0.02%	0.09%	0.22%	0.1%	0.09%	0.04%	0.15%	0.02%
Gross Profit Growth %	0.53%	-0.55%	-0.86%	4.16%	5.72%	-0.7%	-0.27%	-0.64%	3.89%	-0.91%
Operating Expenses+	6.61M	7.22M	4.81M	5.55M	7.74M	10.4M	12.26M	13.1M	10.57M	9.74M
OpEx % of Revenue	0.42%	0.52%	0.42%	0.45%	0.24%	0.46%	0.67%	0.82%	0.59%	0.67%
Selling, General & Admin	5.91M	6.6M	4.28M	4.89M	6.99M	9.12M	10.4M	9.37M	9.16M	8.39M
SG&A % of Revenue	0.37%	0.47%	0.38%	0.4%	0.21%	0.41%	0.57%	0.59%	0.51%	0.57%
Research & Development	707.84K	626.15K	536.85K	661.01K	749.25K	1.28M	1.86M	1.84M	1.42M	1.35M
R&D % of Revenue	0.04%	0.05%	0.05%	0.05%	0.02%	0.06%	0.1%	0.11%	0.08%	0.09%
Other Operating Expenses	0	0	0	0	0	0	0	1.89M	0	0
Operating Income+	-3.4M	-13.13M	-4.61M	-4.49M	-577.12K	-8.26M	-10.69M	-12.53M	-7.8M	-9.49M
Operating Margin %	-0.21%	-0.94%	-0.41%	-0.37%	-0.02%	-0.37%	-0.58%	-0.78%	-0.43%	-0.65%
Operating Income Growth %	0.35%	-2.86%	0.65%	0.03%	0.87%	-13.3%	-0.29%	-0.17%	0.38%	-0.22%
EBITDA+	-1.96M	-11.76M	-3.67M	-3.66M	766.13K	-5.43M	-7.95M	-9.95M	-4.66M	-6.75M
EBITDA Margin %	-0.12%	-0.85%	-0.32%	-0.3%	0.02%	-0.24%	-0.43%	-0.62%	-0.26%	-0.46%
EBITDA Growth %	0.45%	-5.01%	0.69%	0%	1.21%	-8.08%	-0.46%	-0.25%	0.53%	-0.45%
D&A (Non-Cash Add-back)	1.44M	1.38M	939.5K	821.59K	1.34M	2.83M	2.74M	2.59M	3.14M	2.74M
EBIT	-2.83M	-13.16M	-4.73M	-4.11M	-238.81K	-10.15M	-10.48M	-13.99M	-8.63M	-10.22M
Net Interest Income+	46.94K	-37.98K	-44.37K	-43.38K	54.8K	18.61K	-337K	-35.88K	214.69K	11.28K
Interest Income	98.17K	968	1.51K	28.4K	73.64K	139.51K	371.47K	384.06K	366.37K	178.83K
Interest Expense	51.23K	38.95K	45.89K	71.78K	18.83K	120.9K	708.18K	419.94K	151.67K	167.56K
Other Income/Expense	513.47K	-64.15K	-171K	305.55K	319.49K	-2.02M	-502.67K	-1.87M	-978.3K	-896.25K
Pretax Income+	-2.89M	-13.2M	-4.78M	-4.18M	-257.64K	-10.27M	-11.19M	-14.41M	-8.78M	-10.38M
Pretax Margin %	-0.18%	-0.95%	-0.42%	-0.34%	-0.01%	-0.46%	-0.61%	-0.9%	-0.49%	-0.71%
Income Tax+	-698K	3.22M	-318K	-365K	-297.25K	-465.14K	-63.04K	-237.41K	-206.21K	-38.84K
Effective Tax Rate %	0.77%	1.24%	0.93%	0.91%	-0.15%	0.95%	0.99%	0.98%	0.98%	1%
Net Income+	-2.21M	-16.42M	-4.46M	-3.81M	39.62K	-9.81M	-11.13M	-14.17M	-8.57M	-10.35M
Net Margin %	-0.14%	-1.18%	-0.39%	-0.31%	0%	-0.44%	-0.61%	-0.89%	-0.48%	-0.71%
Net Income Growth %	0.28%	-6.43%	0.73%	0.14%	1.01%	-248.59%	-0.13%	-0.27%	0.4%	-0.21%
Net Income (Continuing)	-2.19M	-16.42M	-4.46M	-3.81M	39.62K	-9.81M	-11.13M	-14.17M	-8.57M	-10.35M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.92	-14.40	-3.43	-1.91	0.02	-3.70	-4.13	-3.20	-1.51	-1.64
EPS Growth %	0.37%	-6.5%	0.76%	0.44%	1.01%	-230.81%	-0.12%	0.23%	0.53%	-0.09%
EPS (Basic)	-1.92	-14.40	-3.52	-1.91	0.02	-3.70	-4.13	-3.20	-1.51	-1.64
Diluted Shares Outstanding	1.15M	1.15M	1.3M	2M	2.46M	2.65M	2.7M	4.42M	5.69M	6.31M
Basic Shares Outstanding	1.15M	1.14M	1.27M	2M	2.46M	2.65M	2.7M	4.42M	5.69M	6.31M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	12.98M	8.51M	9.43M	11.37M	27.49M	25.65M	28.07M	27.67M	22.09M	20.64M
Cash & Short-Term Investments	1.37M	1.21M	2.49M	3.78M	7.07M	11.75M	15.36M	15.16M	9.48M	10.87M
Cash Only	1.37M	1.21M	2.49M	3.78M	7.07M	11.75M	15.36M	15.16M	9.48M	10.87M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	6.22M	2.06M	2.25M	3.03M	11.94M	5.84M	3.86M	4.56M	6.06M	4.06M
Days Sales Outstanding	143.51	54.09	72.45	90.45	133.5	94.58	77.18	104.22	122.93	101.54
Inventory	4.92M	5.17M	4.66M	4.43M	5.2M	5.52M	5.42M	4.06M	5.27M	5.54M
Days Inventory Outstanding	142.45	151.42	152.8	144.88	74.49	98.9	118.5	96.18	126.28	140.91
Other Current Assets	464.95K	0	0	0	2.71M	1.52M	2.13M	2.16M	1.28M	168.44K
Total Non-Current Assets+	15.09M	2.91M	2.25M	1.79M	11.1M	16.56M	16.99M	12.46M	13.88M	11.79M
Property, Plant & Equipment	3.54M	2.63M	1.96M	1.43M	9.88M	15.27M	15.78M	11.57M	13.06M	11.07M
Fixed Asset Turnover	4.47x	5.28x	5.79x	8.54x	3.30x	1.48x	1.16x	1.38x	1.38x	1.32x
Goodwill	7.58M	0	0	0	236.13K	260.23K	240.26K	226.09K	233.72K	220.69K
Intangible Assets	10.39K	5.61K	3.35K	748	488.72K	480.06K	334.74K	212.93K	114.59K	39.37K
Long-Term Investments	21.84K	5.28K	6K	5.71K	0	0	0	0	0	0
Other Non-Current Assets	252.38K	261.55K	283.69K	347.93K	498.05K	545.67K	628.11K	450.04K	470.35K	456.66K
Total Assets+	28.07M	11.41M	11.68M	13.16M	38.59M	42.21M	45.05M	40.13M	35.97M	32.43M
Asset Turnover	0.56x	1.22x	0.97x	0.93x	0.85x	0.53x	0.41x	0.40x	0.50x	0.45x
Asset Growth %	-0.11%	-0.59%	0.02%	0.13%	1.93%	0.09%	0.07%	-0.11%	-0.1%	-0.1%
Total Current Liabilities+	5.34M	5.01M	4.77M	4.62M	10.33M	9.81M	16.87M	6.09M	7.5M	4.9M
Accounts Payable	3.46M	2.26M	1.78M	2.12M	4.34M	2.33M	1.65M	1.39M	2.44M	1.3M
Days Payables Outstanding	100.1	66.21	58.19	69.38	62.17	41.77	36	32.9	58.6	33.08
Short-Term Debt	150.16K	60.92K	26.19K	13.79K	0	0	8.4M	0	0	0
Deferred Revenue (Current)	293.04K	298.97K	1000K	615.12K	1000K	1000K	914.83K	649.56K	382.65K	109.32K
Other Current Liabilities	-300.31K	120.98K	1.82M	933.77K	1.11M	0	0	0	0	0
Current Ratio	2.43x	1.70x	1.98x	2.46x	2.66x	2.61x	1.66x	4.55x	2.95x	4.21x
Quick Ratio	1.51x	0.67x	1.00x	1.50x	2.16x	2.05x	1.34x	3.88x	2.24x	3.08x
Cash Conversion Cycle	185.85	139.3	167.06	165.95	145.83	151.71	159.69	167.5	190.61	209.36
Total Non-Current Liabilities+	165.57K	133.84K	0	0	5.25M	7.58M	15.41M	10.73M	11.2M	10.87M
Long-Term Debt	0	39.9K	0	0	0	0	6.19M	5.48M	4.69M	5.3M
Capital Lease Obligations	165.57K	93.94K	0	0	4.31M	7.27M	8.65M	5.09M	6.41M	5.51M
Deferred Tax Liabilities	0	0	0	0	338.76K	305.17K	224.78K	154.65K	101.06K	57.96K
Other Non-Current Liabilities	0	0	0	0	599.17K	0	346.94K	0	0	0
Total Liabilities	5.51M	5.14M	4.77M	4.62M	15.58M	17.39M	32.28M	16.82M	18.7M	15.77M
Total Debt+	315.73K	194.75K	26.19K	13.79K	5.35M	8.69M	24.46M	11.54M	12.22M	11.81M
Net Debt	-1.05M	-1.01M	-2.46M	-3.76M	-1.72M	-3.06M	9.1M	-3.62M	2.74M	944.93K
Debt / Equity	0.01x	0.03x	0.00x	0.00x	0.23x	0.35x	1.91x	0.49x	0.71x	0.71x
Debt / EBITDA	-	-	-	-	6.98x	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-2.25x	-	-	-	-	-
Interest Coverage	-66.35x	-337.27x	-100.40x	-62.50x	-30.65x	-68.28x	-15.09x	-29.85x	-51.42x	-56.62x
Total Equity+	22.57M	6.27M	6.91M	8.54M	23.01M	24.82M	12.77M	23.31M	17.28M	16.65M
Equity Growth %	-0.16%	-0.72%	0.1%	0.24%	1.69%	0.08%	-0.49%	0.82%	-0.26%	-0.04%
Book Value per Share	19.62	5.45	5.32	4.28	9.36	9.36	4.74	5.27	3.04	2.64
Total Shareholders' Equity	22.57M	6.27M	6.91M	8.54M	23.01M	24.82M	12.77M	23.31M	17.28M	16.65M
Common Stock	39.53K	36.84K	44.43K	72.92K	20.55K	21.66K	21.29K	5.5K	5.73K	9.47K
Retained Earnings	-7.59M	-24.01M	-28.47M	-32.29M	-32.25M	-42.05M	-53.18M	-67.35M	-75.92M	-86.27M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-5.38M	-5.69M	-5.04M	-5.74M	-6.17M	-3.05M	-4.98M	-6.32M	-5.6M	-6.36M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.09M	415.79K	-3.32M	-3.91M	-4.55M	-2.6M	-7.2M	-12.04M	-4.18M	-7.53M
Operating CF Margin %	-0.13%	0.03%	-0.29%	-0.32%	-0.14%	-0.12%	-0.39%	-0.75%	-0.23%	-0.52%
Operating CF Growth %	0.64%	1.2%	-8.97%	-0.18%	-0.16%	0.43%	-1.77%	-0.67%	0.65%	-0.8%
Net Income	-2.19M	-16.42M	-4.46M	-3.81M	39.62K	-9.81M	-11.13M	-14.17M	-8.57M	-10.35M
Depreciation & Amortization	1.44M	1.38M	939.5K	648.73K	1.34M	2.83M	2.74M	2.59M	3.14M	2.74M
Stock-Based Compensation	369.53K	435.79K	178.94K	116.43K	197.94K	343.78K	481.11K	934.42K	627.9K	664.43K
Deferred Taxes	-250.52K	3.86M	0	0	13.93K	-63.2K	-63.04K	-55.99K	-57.54K	-38.84K
Other Non-Cash Items	93.41K	9.6M	-284.28K	556.04K	-520.71K	567.4K	-124.63K	2.24M	833.04K	1.07M
Working Capital Changes	-1.56M	1.56M	310.83K	-1.42M	-5.62M	3.53M	889.43K	-3.58M	-156.95K	-1.62M
Change in Receivables	-1.28M	841.92K	-241.26K	-999.1K	-8.63M	5.65M	1.58M	-921.58K	-1.59M	1.72M
Change in Inventory	-175.95K	-1.15M	564.36K	32.24K	-443.78K	-322.8K	-336.65K	984.13K	-1.05M	-587.81K
Change in Payables	1.12M	-1.19M	-487.46K	347.25K	2.12M	-2.01M	-532.72K	-158.8K	990.54K	-1.05M
Cash from Investing+	-592.66K	-373.74K	-123.67K	-170.89K	-3.7M	-4.01M	-1.45M	-1.69M	-2.89M	-424.04K
Capital Expenditures	-576.28K	-373.74K	-137.67K	-178.87K	-2.54M	-3.75M	-1.13M	-1.69M	-2.89M	-1.37M
CapEx % of Revenue	0.04%	0.03%	0.01%	0.01%	0.08%	0.17%	0.06%	0.11%	0.16%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-16.38K	0	14K	7.98K	-3.02K	47.22K	1.11K	635	7.25K	943.69K
Cash from Financing+	-223.07K	-202.62K	4.1M	6.02M	14.63M	7.22M	13.9M	13.7M	580.64K	8.49M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-192.74K	0	133.2K	2.59M	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.67M	42.05K	-3.45M	-4.09M	-7.12M	-6.41M	-8.34M	-13.73M	-7.08M	-8.9M
FCF Margin %	-0.17%	0%	-0.3%	-0.33%	-0.22%	-0.28%	-0.46%	-0.86%	-0.39%	-0.61%
FCF Growth %	0.57%	1.02%	-83.11%	-0.19%	-0.74%	0.1%	-0.3%	-0.65%	0.48%	-0.26%
FCF per Share	-2.32	0.04	-2.66	-2.05	-2.90	-2.42	-3.09	-3.10	-1.24	-1.41
FCF Conversion (FCF/Net Income)	0.95x	-0.03x	0.74x	1.03x	-114.77x	0.26x	0.65x	0.85x	0.49x	0.73x
Interest Paid	51.23K	38.95K	45.89K	0	8.81K	103.95K	635.67K	348.57K	178.87K	160.93K
Taxes Paid	570	590	580	0	17.41K	13.73K	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-8.92%	-113.87%	-67.67%	-49.38%	0.25%	-41.02%	-59.2%	-78.53%	-42.24%	-60.98%
Return on Invested Capital (ROIC)	-11.81%	-73.6%	-71.18%	-72.91%	-3.32%	-28.77%	-36.74%	-45.24%	-29.47%	-37.84%
Gross Margin	20.32%	10.3%	1.82%	8.71%	21.95%	9.53%	8.63%	3.55%	15.42%	1.72%
Net Margin	-13.98%	-118.07%	-39.32%	-31.19%	0.12%	-43.54%	-60.89%	-88.65%	-47.61%	-70.84%
Debt / Equity	0.01x	0.03x	0.00x	0.00x	0.23x	0.35x	1.91x	0.49x	0.71x	0.71x
Interest Coverage	-66.35x	-337.27x	-100.40x	-62.50x	-30.65x	-68.28x	-15.09x	-29.85x	-51.42x	-56.62x
FCF Conversion	0.95x	-0.03x	0.74x	1.03x	-114.77x	0.26x	0.65x	0.85x	0.49x	0.73x
Revenue Growth	8.6%	-12.06%	-18.43%	7.84%	166.82%	-30.98%	-18.88%	-12.54%	12.63%	-18.87%

Revenue by Segment

	2021	2022	2023	2024
Ceramics	-	6.84M	6.23M	5.63M
Ceramics Growth	-	-	-8.94%	-9.59%
Water	-	5.3M	7.71M	5.54M
Water Growth	-	-	45.45%	-28.12%
Plastics	-	3.53M	3.74M	3.38M
Plastics Growth	-	-	5.89%	-9.50%
Corporate	-	-	327.42K	49.5K
Corporate Growth	-	-	-	-84.88%
Others	-	311.69K	-	-
Others Growth	-	-	-	-
Liquid Filters	7.2M	-	-	-
Liquid Filters Growth	-	-	-	-
Diesel Particulate Filters	7.18M	-	-	-
Diesel Particulate Filters Growth	-	-	-	-
Plastics Components	3.62M	-	-	-
Plastics Components Growth	-	-	-	-
Development Projects	277.43K	-	-	-
Development Projects Growth	-	-	-	-

Revenue by Geography

	2021	2022	2023	2024
Europe	10.49M	9.38M	11.82M	10.44M
Europe Growth	-	-10.62%	26.03%	-11.68%
Americas	-	1.07M	2.13M	2.69M
Americas Growth	-	-	98.01%	26.70%
Middle East and Africa	-	2.12M	1.55M	826.53K
Middle East and Africa Growth	-	-	-27.03%	-46.65%
Asia Pacific	-	3.41M	2.51M	645.04K
Asia Pacific Growth	-	-	-26.43%	-74.26%
Asia	4.26M	-	-	-
Asia Growth	-	-	-	-
North America	3.12M	-	-	-
North America Growth	-	-	-	-
AUSTRALIA	401.49K	-	-	-
AUSTRALIA Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

LiqTech International, Inc. (LIQT) reported $16.8M in revenue for fiscal year 2024. This represents a 21% decrease from $21.2M in 2011.

LiqTech International, Inc. (LIQT) saw revenue decline by 18.9% over the past year.

LiqTech International, Inc. (LIQT) reported a net loss of $8.9M for fiscal year 2024.

Dividend & Returns

LiqTech International, Inc. (LIQT) has a return on equity (ROE) of -61.0%. Negative ROE indicates the company is unprofitable.

LiqTech International, Inc. (LIQT) had negative free cash flow of $6.6M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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LiqTech International, Inc. (LIQT) 10-Year Financial Performance & Capital Metrics

LIQT • • Industrial / General

IndustrialsEnvironmental ServicesIndustrial Filtration & SeparationMulti-Process Filtration

Revenue $15M -18.9%
EBITDA -$7M -45.0%
Net Income -$10M -20.7%
EPS (Diluted) -1.64 -8.6%
Gross Margin 1.72% -88.9%
EBITDA Margin -46.24% -78.7%
Operating Margin -64.96% -50.0%
Net Margin -70.84% -48.8%
ROE -60.98% -44.4%
ROIC -37.84% -28.4%
Debt/Equity 0.71 +0.3%
Interest Coverage -56.62 -10.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.7x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Sales declining 14.9% over 5 years
✗Shares diluted 10.9% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y0.03%

5Y-14.86%

3Y-7.2%

TTM10.97%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM15.28%

EPS CAGR

10Y-

5Y-

3Y-

TTM45.05%

ROCE

10Y Avg-39.58%

5Y Avg-32.33%

3Y Avg-33.04%

Latest-33.89%

Peer Comparison

Multi-Process Filtration

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LIQTLiqTech International, Inc.	17.81M	1.85	-1.13	-18.87%	-53.25%	-69.97%		0.71

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	15.81M	13.91M	11.34M	12.23M	32.64M	22.53M	18.27M	15.98M	18M	14.6M
Revenue Growth %	0.09%	-0.12%	-0.18%	0.08%	1.67%	-0.31%	-0.19%	-0.13%	0.13%	-0.19%
Cost of Goods Sold+	12.6M	12.47M	11.14M	11.17M	25.48M	20.38M	16.7M	15.42M	15.23M	14.35M
COGS % of Revenue	0.8%	0.9%	0.98%	0.91%	0.78%	0.9%	0.91%	0.96%	0.85%	0.98%
Gross Profit+	3.21M	1.43M	206.75K	1.07M	7.16M	2.15M	1.58M	567.14K	2.78M	250.91K
Gross Margin %	0.2%	0.1%	0.02%	0.09%	0.22%	0.1%	0.09%	0.04%	0.15%	0.02%
Gross Profit Growth %	0.53%	-0.55%	-0.86%	4.16%	5.72%	-0.7%	-0.27%	-0.64%	3.89%	-0.91%
Operating Expenses+	6.61M	7.22M	4.81M	5.55M	7.74M	10.4M	12.26M	13.1M	10.57M	9.74M
OpEx % of Revenue	0.42%	0.52%	0.42%	0.45%	0.24%	0.46%	0.67%	0.82%	0.59%	0.67%
Selling, General & Admin	5.91M	6.6M	4.28M	4.89M	6.99M	9.12M	10.4M	9.37M	9.16M	8.39M
SG&A % of Revenue	0.37%	0.47%	0.38%	0.4%	0.21%	0.41%	0.57%	0.59%	0.51%	0.57%
Research & Development	707.84K	626.15K	536.85K	661.01K	749.25K	1.28M	1.86M	1.84M	1.42M	1.35M
R&D % of Revenue	0.04%	0.05%	0.05%	0.05%	0.02%	0.06%	0.1%	0.11%	0.08%	0.09%
Other Operating Expenses	0	0	0	0	0	0	0	1.89M	0	0
Operating Income+	-3.4M	-13.13M	-4.61M	-4.49M	-577.12K	-8.26M	-10.69M	-12.53M	-7.8M	-9.49M
Operating Margin %	-0.21%	-0.94%	-0.41%	-0.37%	-0.02%	-0.37%	-0.58%	-0.78%	-0.43%	-0.65%
Operating Income Growth %	0.35%	-2.86%	0.65%	0.03%	0.87%	-13.3%	-0.29%	-0.17%	0.38%	-0.22%
EBITDA+	-1.96M	-11.76M	-3.67M	-3.66M	766.13K	-5.43M	-7.95M	-9.95M	-4.66M	-6.75M
EBITDA Margin %	-0.12%	-0.85%	-0.32%	-0.3%	0.02%	-0.24%	-0.43%	-0.62%	-0.26%	-0.46%
EBITDA Growth %	0.45%	-5.01%	0.69%	0%	1.21%	-8.08%	-0.46%	-0.25%	0.53%	-0.45%
D&A (Non-Cash Add-back)	1.44M	1.38M	939.5K	821.59K	1.34M	2.83M	2.74M	2.59M	3.14M	2.74M
EBIT	-2.83M	-13.16M	-4.73M	-4.11M	-238.81K	-10.15M	-10.48M	-13.99M	-8.63M	-10.22M
Net Interest Income+	46.94K	-37.98K	-44.37K	-43.38K	54.8K	18.61K	-337K	-35.88K	214.69K	11.28K
Interest Income	98.17K	968	1.51K	28.4K	73.64K	139.51K	371.47K	384.06K	366.37K	178.83K
Interest Expense	51.23K	38.95K	45.89K	71.78K	18.83K	120.9K	708.18K	419.94K	151.67K	167.56K
Other Income/Expense	513.47K	-64.15K	-171K	305.55K	319.49K	-2.02M	-502.67K	-1.87M	-978.3K	-896.25K
Pretax Income+	-2.89M	-13.2M	-4.78M	-4.18M	-257.64K	-10.27M	-11.19M	-14.41M	-8.78M	-10.38M
Pretax Margin %	-0.18%	-0.95%	-0.42%	-0.34%	-0.01%	-0.46%	-0.61%	-0.9%	-0.49%	-0.71%
Income Tax+	-698K	3.22M	-318K	-365K	-297.25K	-465.14K	-63.04K	-237.41K	-206.21K	-38.84K
Effective Tax Rate %	0.77%	1.24%	0.93%	0.91%	-0.15%	0.95%	0.99%	0.98%	0.98%	1%
Net Income+	-2.21M	-16.42M	-4.46M	-3.81M	39.62K	-9.81M	-11.13M	-14.17M	-8.57M	-10.35M
Net Margin %	-0.14%	-1.18%	-0.39%	-0.31%	0%	-0.44%	-0.61%	-0.89%	-0.48%	-0.71%
Net Income Growth %	0.28%	-6.43%	0.73%	0.14%	1.01%	-248.59%	-0.13%	-0.27%	0.4%	-0.21%
Net Income (Continuing)	-2.19M	-16.42M	-4.46M	-3.81M	39.62K	-9.81M	-11.13M	-14.17M	-8.57M	-10.35M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.92	-14.40	-3.43	-1.91	0.02	-3.70	-4.13	-3.20	-1.51	-1.64
EPS Growth %	0.37%	-6.5%	0.76%	0.44%	1.01%	-230.81%	-0.12%	0.23%	0.53%	-0.09%
EPS (Basic)	-1.92	-14.40	-3.52	-1.91	0.02	-3.70	-4.13	-3.20	-1.51	-1.64
Diluted Shares Outstanding	1.15M	1.15M	1.3M	2M	2.46M	2.65M	2.7M	4.42M	5.69M	6.31M
Basic Shares Outstanding	1.15M	1.14M	1.27M	2M	2.46M	2.65M	2.7M	4.42M	5.69M	6.31M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	12.98M	8.51M	9.43M	11.37M	27.49M	25.65M	28.07M	27.67M	22.09M	20.64M
Cash & Short-Term Investments	1.37M	1.21M	2.49M	3.78M	7.07M	11.75M	15.36M	15.16M	9.48M	10.87M
Cash Only	1.37M	1.21M	2.49M	3.78M	7.07M	11.75M	15.36M	15.16M	9.48M	10.87M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	6.22M	2.06M	2.25M	3.03M	11.94M	5.84M	3.86M	4.56M	6.06M	4.06M
Days Sales Outstanding	143.51	54.09	72.45	90.45	133.5	94.58	77.18	104.22	122.93	101.54
Inventory	4.92M	5.17M	4.66M	4.43M	5.2M	5.52M	5.42M	4.06M	5.27M	5.54M
Days Inventory Outstanding	142.45	151.42	152.8	144.88	74.49	98.9	118.5	96.18	126.28	140.91
Other Current Assets	464.95K	0	0	0	2.71M	1.52M	2.13M	2.16M	1.28M	168.44K
Total Non-Current Assets+	15.09M	2.91M	2.25M	1.79M	11.1M	16.56M	16.99M	12.46M	13.88M	11.79M
Property, Plant & Equipment	3.54M	2.63M	1.96M	1.43M	9.88M	15.27M	15.78M	11.57M	13.06M	11.07M
Fixed Asset Turnover	4.47x	5.28x	5.79x	8.54x	3.30x	1.48x	1.16x	1.38x	1.38x	1.32x
Goodwill	7.58M	0	0	0	236.13K	260.23K	240.26K	226.09K	233.72K	220.69K
Intangible Assets	10.39K	5.61K	3.35K	748	488.72K	480.06K	334.74K	212.93K	114.59K	39.37K
Long-Term Investments	21.84K	5.28K	6K	5.71K	0	0	0	0	0	0
Other Non-Current Assets	252.38K	261.55K	283.69K	347.93K	498.05K	545.67K	628.11K	450.04K	470.35K	456.66K
Total Assets+	28.07M	11.41M	11.68M	13.16M	38.59M	42.21M	45.05M	40.13M	35.97M	32.43M
Asset Turnover	0.56x	1.22x	0.97x	0.93x	0.85x	0.53x	0.41x	0.40x	0.50x	0.45x
Asset Growth %	-0.11%	-0.59%	0.02%	0.13%	1.93%	0.09%	0.07%	-0.11%	-0.1%	-0.1%
Total Current Liabilities+	5.34M	5.01M	4.77M	4.62M	10.33M	9.81M	16.87M	6.09M	7.5M	4.9M
Accounts Payable	3.46M	2.26M	1.78M	2.12M	4.34M	2.33M	1.65M	1.39M	2.44M	1.3M
Days Payables Outstanding	100.1	66.21	58.19	69.38	62.17	41.77	36	32.9	58.6	33.08
Short-Term Debt	150.16K	60.92K	26.19K	13.79K	0	0	8.4M	0	0	0
Deferred Revenue (Current)	293.04K	298.97K	1000K	615.12K	1000K	1000K	914.83K	649.56K	382.65K	109.32K
Other Current Liabilities	-300.31K	120.98K	1.82M	933.77K	1.11M	0	0	0	0	0
Current Ratio	2.43x	1.70x	1.98x	2.46x	2.66x	2.61x	1.66x	4.55x	2.95x	4.21x
Quick Ratio	1.51x	0.67x	1.00x	1.50x	2.16x	2.05x	1.34x	3.88x	2.24x	3.08x
Cash Conversion Cycle	185.85	139.3	167.06	165.95	145.83	151.71	159.69	167.5	190.61	209.36
Total Non-Current Liabilities+	165.57K	133.84K	0	0	5.25M	7.58M	15.41M	10.73M	11.2M	10.87M
Long-Term Debt	0	39.9K	0	0	0	0	6.19M	5.48M	4.69M	5.3M
Capital Lease Obligations	165.57K	93.94K	0	0	4.31M	7.27M	8.65M	5.09M	6.41M	5.51M
Deferred Tax Liabilities	0	0	0	0	338.76K	305.17K	224.78K	154.65K	101.06K	57.96K
Other Non-Current Liabilities	0	0	0	0	599.17K	0	346.94K	0	0	0
Total Liabilities	5.51M	5.14M	4.77M	4.62M	15.58M	17.39M	32.28M	16.82M	18.7M	15.77M
Total Debt+	315.73K	194.75K	26.19K	13.79K	5.35M	8.69M	24.46M	11.54M	12.22M	11.81M
Net Debt	-1.05M	-1.01M	-2.46M	-3.76M	-1.72M	-3.06M	9.1M	-3.62M	2.74M	944.93K
Debt / Equity	0.01x	0.03x	0.00x	0.00x	0.23x	0.35x	1.91x	0.49x	0.71x	0.71x
Debt / EBITDA	-	-	-	-	6.98x	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-2.25x	-	-	-	-	-
Interest Coverage	-66.35x	-337.27x	-100.40x	-62.50x	-30.65x	-68.28x	-15.09x	-29.85x	-51.42x	-56.62x
Total Equity+	22.57M	6.27M	6.91M	8.54M	23.01M	24.82M	12.77M	23.31M	17.28M	16.65M
Equity Growth %	-0.16%	-0.72%	0.1%	0.24%	1.69%	0.08%	-0.49%	0.82%	-0.26%	-0.04%
Book Value per Share	19.62	5.45	5.32	4.28	9.36	9.36	4.74	5.27	3.04	2.64
Total Shareholders' Equity	22.57M	6.27M	6.91M	8.54M	23.01M	24.82M	12.77M	23.31M	17.28M	16.65M
Common Stock	39.53K	36.84K	44.43K	72.92K	20.55K	21.66K	21.29K	5.5K	5.73K	9.47K
Retained Earnings	-7.59M	-24.01M	-28.47M	-32.29M	-32.25M	-42.05M	-53.18M	-67.35M	-75.92M	-86.27M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-5.38M	-5.69M	-5.04M	-5.74M	-6.17M	-3.05M	-4.98M	-6.32M	-5.6M	-6.36M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-2.09M	415.79K	-3.32M	-3.91M	-4.55M	-2.6M	-7.2M	-12.04M	-4.18M	-7.53M
Operating CF Margin %	-0.13%	0.03%	-0.29%	-0.32%	-0.14%	-0.12%	-0.39%	-0.75%	-0.23%	-0.52%
Operating CF Growth %	0.64%	1.2%	-8.97%	-0.18%	-0.16%	0.43%	-1.77%	-0.67%	0.65%	-0.8%
Net Income	-2.19M	-16.42M	-4.46M	-3.81M	39.62K	-9.81M	-11.13M	-14.17M	-8.57M	-10.35M
Depreciation & Amortization	1.44M	1.38M	939.5K	648.73K	1.34M	2.83M	2.74M	2.59M	3.14M	2.74M
Stock-Based Compensation	369.53K	435.79K	178.94K	116.43K	197.94K	343.78K	481.11K	934.42K	627.9K	664.43K
Deferred Taxes	-250.52K	3.86M	0	0	13.93K	-63.2K	-63.04K	-55.99K	-57.54K	-38.84K
Other Non-Cash Items	93.41K	9.6M	-284.28K	556.04K	-520.71K	567.4K	-124.63K	2.24M	833.04K	1.07M
Working Capital Changes	-1.56M	1.56M	310.83K	-1.42M	-5.62M	3.53M	889.43K	-3.58M	-156.95K	-1.62M
Change in Receivables	-1.28M	841.92K	-241.26K	-999.1K	-8.63M	5.65M	1.58M	-921.58K	-1.59M	1.72M
Change in Inventory	-175.95K	-1.15M	564.36K	32.24K	-443.78K	-322.8K	-336.65K	984.13K	-1.05M	-587.81K
Change in Payables	1.12M	-1.19M	-487.46K	347.25K	2.12M	-2.01M	-532.72K	-158.8K	990.54K	-1.05M
Cash from Investing+	-592.66K	-373.74K	-123.67K	-170.89K	-3.7M	-4.01M	-1.45M	-1.69M	-2.89M	-424.04K
Capital Expenditures	-576.28K	-373.74K	-137.67K	-178.87K	-2.54M	-3.75M	-1.13M	-1.69M	-2.89M	-1.37M
CapEx % of Revenue	0.04%	0.03%	0.01%	0.01%	0.08%	0.17%	0.06%	0.11%	0.16%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-16.38K	0	14K	7.98K	-3.02K	47.22K	1.11K	635	7.25K	943.69K
Cash from Financing+	-223.07K	-202.62K	4.1M	6.02M	14.63M	7.22M	13.9M	13.7M	580.64K	8.49M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-192.74K	0	133.2K	2.59M	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.67M	42.05K	-3.45M	-4.09M	-7.12M	-6.41M	-8.34M	-13.73M	-7.08M	-8.9M
FCF Margin %	-0.17%	0%	-0.3%	-0.33%	-0.22%	-0.28%	-0.46%	-0.86%	-0.39%	-0.61%
FCF Growth %	0.57%	1.02%	-83.11%	-0.19%	-0.74%	0.1%	-0.3%	-0.65%	0.48%	-0.26%
FCF per Share	-2.32	0.04	-2.66	-2.05	-2.90	-2.42	-3.09	-3.10	-1.24	-1.41
FCF Conversion (FCF/Net Income)	0.95x	-0.03x	0.74x	1.03x	-114.77x	0.26x	0.65x	0.85x	0.49x	0.73x
Interest Paid	51.23K	38.95K	45.89K	0	8.81K	103.95K	635.67K	348.57K	178.87K	160.93K
Taxes Paid	570	590	580	0	17.41K	13.73K	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-8.92%	-113.87%	-67.67%	-49.38%	0.25%	-41.02%	-59.2%	-78.53%	-42.24%	-60.98%
Return on Invested Capital (ROIC)	-11.81%	-73.6%	-71.18%	-72.91%	-3.32%	-28.77%	-36.74%	-45.24%	-29.47%	-37.84%
Gross Margin	20.32%	10.3%	1.82%	8.71%	21.95%	9.53%	8.63%	3.55%	15.42%	1.72%
Net Margin	-13.98%	-118.07%	-39.32%	-31.19%	0.12%	-43.54%	-60.89%	-88.65%	-47.61%	-70.84%
Debt / Equity	0.01x	0.03x	0.00x	0.00x	0.23x	0.35x	1.91x	0.49x	0.71x	0.71x
Interest Coverage	-66.35x	-337.27x	-100.40x	-62.50x	-30.65x	-68.28x	-15.09x	-29.85x	-51.42x	-56.62x
FCF Conversion	0.95x	-0.03x	0.74x	1.03x	-114.77x	0.26x	0.65x	0.85x	0.49x	0.73x
Revenue Growth	8.6%	-12.06%	-18.43%	7.84%	166.82%	-30.98%	-18.88%	-12.54%	12.63%	-18.87%

Revenue by Segment

	2021	2022	2023	2024
Ceramics	-	6.84M	6.23M	5.63M
Ceramics Growth	-	-	-8.94%	-9.59%
Water	-	5.3M	7.71M	5.54M
Water Growth	-	-	45.45%	-28.12%
Plastics	-	3.53M	3.74M	3.38M
Plastics Growth	-	-	5.89%	-9.50%
Corporate	-	-	327.42K	49.5K
Corporate Growth	-	-	-	-84.88%
Others	-	311.69K	-	-
Others Growth	-	-	-	-
Liquid Filters	7.2M	-	-	-
Liquid Filters Growth	-	-	-	-
Diesel Particulate Filters	7.18M	-	-	-
Diesel Particulate Filters Growth	-	-	-	-
Plastics Components	3.62M	-	-	-
Plastics Components Growth	-	-	-	-
Development Projects	277.43K	-	-	-
Development Projects Growth	-	-	-	-

Revenue by Geography

	2021	2022	2023	2024
Europe	10.49M	9.38M	11.82M	10.44M
Europe Growth	-	-10.62%	26.03%	-11.68%
Americas	-	1.07M	2.13M	2.69M
Americas Growth	-	-	98.01%	26.70%
Middle East and Africa	-	2.12M	1.55M	826.53K
Middle East and Africa Growth	-	-	-27.03%	-46.65%
Asia Pacific	-	3.41M	2.51M	645.04K
Asia Pacific Growth	-	-	-26.43%	-74.26%
Asia	4.26M	-	-	-
Asia Growth	-	-	-	-
North America	3.12M	-	-	-
North America Growth	-	-	-	-
AUSTRALIA	401.49K	-	-	-
AUSTRALIA Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

LiqTech International, Inc. (LIQT) reported $16.8M in revenue for fiscal year 2024. This represents a 21% decrease from $21.2M in 2011.

LiqTech International, Inc. (LIQT) saw revenue decline by 18.9% over the past year.

LiqTech International, Inc. (LIQT) reported a net loss of $8.9M for fiscal year 2024.

Dividend & Returns

LiqTech International, Inc. (LIQT) has a return on equity (ROE) of -61.0%. Negative ROE indicates the company is unprofitable.

LiqTech International, Inc. (LIQT) had negative free cash flow of $6.6M in fiscal year 2024, likely due to heavy capital investments.