LiqTech International (LIQT) Reports Q2 Loss of $0.004

LiqTech International (NYSE: LIQT) reported Q2 EPS of $-0.004. Revenue for the quarter came in at $3.6 million versus the consensus estimate of $5.2 million.

• Revenue in the second quarter of 2018 increased 23% to $3.6 million compared to the prior-year period, driven by $1.9 million from sales of water treatment systems.
• Revenue relating to the Company's marine business continues to improve and was the main driver for the growth in revenue.
• The Company is currently anticipating substantial new orders from the marine scrubber industry before the end of the year. We expect revenues from these orders to be recognized in 2018 and 2019.
• Second quarter 2018 net income was $(0.3 million), which included $0.3 million of cost related to the development of the company's recently launched Mark 6 filtration system.
• The Company expects to achieve operating profitability in 2018.
• Recent capital raise, efficient working capital structure on marine scrubber units, and achievement of breakeven operating results provide company with a strong balance sheet to meet growth plans.

For earnings history and earnings-related data on LiqTech International (LIQT) click here.

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