Liquidmetal Technologies Inc (LQMT)

[Crispy_2014]

VOLUMES STRONG FOR LIQUIDMETAL TECHNOLOGIES INC (OTCMKTS:LQMT)

Rancho Santa Margarita, CA-based Liquidmetal Technologies Inc (OTCMKTS:LQMT) is trading higher on stronger than normal volumes. Liquidmetals is a materials technology company that develops and commercializes amorphous materials and controls 70 U.S. patents related to that pursuit. Amorphous metals, usually alloys, are non-crystalline, and have a glass-like structure. However, unlike common glass, amorphous metals allow electrical conductivity. [For the lay-person, it is best to consider amorphous metals as metallic glass.]

Liquidmetal Technologies Inc (OTCMKTS:LQMT) has developed specialized alloys and a manufacturing process that allow cosmetic, high-strength, precision parts to be injection molded in a single manufacturing step. Liquidmetal alloys provide an economic advantage for parts with cosmetic surfaces, complex shapes with close tolerances, or forged titanium-grade strength. Liquidmetal parts have been made for consumer electronics (the company boats of providing nearly indestructible cases), close fitting chassis, and hinges and clamps that reportedly perform reliably even after thousands of cycles. One of their competitive advantages is their one-step molding process which allows for high rate production yet with consistency from part to part.

Liquidmetal Technologies Inc (OTCMKTS:LQMT) focus is on small precision parts, typically weighing up to 80g. While parts must be designed to eject from a mold, Liquidmetal has designed advanced tooling methods such as slides that are available to accommodate critical features.

Liquidmetal Technologies Inc (OTCMKTS:LQMT) reported $480 thousand in FY2016 revenue. Selling, marketing, general and administrative expense was $7.5 million compared to $7.0 million in FY2015. The increase was primarily due to increases in non-cash, stock-based compensation expense and accrued amounts under severance agreements with former executives. Research and development expenses were $2.3 million compared to $2.1 million in FY2015. The increase from the prior year was mainly due to additional internal projects and personnel relating to product and alloy development. Cash and restricted cash totaled $58.9 million at December 31, 2016, as compared to $4.8 million at December 31, 2015.

Since August of 2016, shares of Liquidmetal Technologies Inc (OTCMKTS:LQMT) have doubled.

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