| Over a week ago | ||||
Virtual Meeting to be… Virtual Meeting to be held on February 23 hosted by Stephens. | ||||
Virtual Meeting to be… Virtual Meeting to be held on February 23 hosted by Stephens. | ||||
| Over a month ago | ||||
Virtual Investor Day to… Virtual Investor Day to be held on January 26 at 8 am. Webcast Link | ||||
Virtual Investor Day to… Virtual Investor Day to be held on January 26 at 8 am. Webcast Link | ||||
The improvement compared… 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." | ||||
| Over a quarter ago | ||||
Reports Q3 revenue $3.5M,… Reports Q3 revenue $3.5M, consensus $4.27M. "Q3 results were in line with our internal expectations, given the global impacts from COVID-19 on the marine scrubber market" commented Sune Mathiesen, CEO of LiqTech International. "While the marine scrubber market has not yet returned to pre-COVID-19 levels, we are encouraged by market trends and continued customer interest. We note that the European Parliament recently voted for a phase-out and ban of open loop scrubbers. We believe that this will further drive the transition towards closed loop scrubbers and ultimately provide an opportunity to convert some 4,000 already installed open loop scrubbers." | ||||
Stephens analyst Tommy… Stephens analyst Tommy Moll resumed coverage of LiqTech with an Equal Weight rating and $9 price target. He prefers to remain on the sidelines, pending better visibility to end-market expansion, given that the stock is approaching its five-year high, Moll tells investors. | ||||
B. Riley Securities… B. Riley Securities analyst Liam Burke raised the firm's price target on LiqTech to $11 from $8 and keeps a Buy rating on the shares. The analyst increased estimates to reflect "renewed demand" for closed loop scrubbers in the shipping industry and pending contracts with LiqTech's oil and gas joint venture. The analyst sees higher revenue and earnings in 2021 for the company. | ||||
Reports Q2 revenue $4.6M,… Reports Q2 revenue $4.6M, consensus $4.67M. "I am incredibly proud of the efforts by the entire team at LiqTech during the past several months as we worked our way through the global impacts from COVID-19," commented Sune Mathiesen, CEO of LiqTech International. "We successfully delivered all orders to customers that were able to accept shipments in the Q2. Following a slowdown in inquiries and orders in the past several months, we are beginning to see activity return to pre-COVID levels, which should bode well for the future. We believe the trends in the marine scrubber industry continue to favor increased adoption of closed-loop scrubbers, which should allow us to exceed industry growth rates of overall scrubber installations." | ||||
Investor Growth Virtual… Investor Growth Virtual Conference will be held on June 24-25 at 9 am. Webcast Link | ||||