LiqTech sees Q4 revenue $4.1M, consensus $4.58M

The improvement compared to the Q3 $3.5M in revenue is driven by a modest rebound in the marine scrubber business following a slowdown in both inquiries and orders that occurred throughout much of 2020 due to the global economic effects of COVID-19. "As we enter 2021, we see three key opportunities driving growth for LiqTech," commented Sune Mathiesen, CEO of LiqTech. "First, a rebound in the marine scrubber market as fuel spreads return to pre-COVID levels and an increasing number of countries around the globe move to ban open loop systems in favor of closed-loop systems whereby a filtration system is included. Second, the launch of our water treatment solutions through our joint venture into the oil and gas market, particularly in the Middle East, where our solutions address water scarcity issues and increased regulations toward sustainable solutions. And finally, in the black carbon reduction market, particularly within the Chinese marine industry, where our history in the diesel particulate filters, and the marine market, positions us as an early entrant to this very large opportunity. Given the recent business developments and progress in each of our three lead market opportunities, we have decided to further double our manufacturing capacity in our facility near Copenhagen, Denmark in 2021."