Liquidmetal Technologies Inc (LQMT)

[JoTu]

a no brainer that outsourcing manufacturing to china will be popular with lqmt customers.

Management Commentary
Our operating results for the second quarter reflect operations related to the development and manufacturing of amorphous products, prior to our announcement of our Restructuring Plan. Since then, we have received orders from all current customers to produce buffer inventories to sustain them through our transition to outsourced manufacturing. The majority of these buffer orders are scheduled to be completed by the end of the third quarter, with final shipments being made from our facility early in the fourth quarter. There is strong customer interest in new development projects with Dongguan Yihao Metal Materials Technology Co. Ltd. as our contract manufacturer, reflected in an increased volume of quotes.

In addition, we are executing the remaining aspects of the Restructuring Plan, including the sale or disposal of equipment and developing potential sources for domestic manufacturing. The major aspects of the Plan are on track to be completed on the same timeline as our remaining customer commitments from the facility. As manufacturing operations will continue in our Lake Forest facility through September 2019, cost reductions associated with the Plan will likely commence during the fourth quarter.