Liquidmetal Technologies Inc (LQMT)

[JoTu]

guitar pins/bridges etc are in the transition orders

Q3 2019 Financial Summary
During the third quarter of 2019, the Company generated $421 thousand in revenue primarily as a result of the completion of transition orders with existing customers, as well as continued product development efforts with the goal of furthering the commercialization of the Company’s technology and generating sustained part deliveries.

results for the fiscal year ended December 31, 2019.
Management Commentary
During 2019, the Company announced and completed a corporate restructuring (the “Restructuring”) that was focused on the shifting of internal manufacturing efforts to partnered sources, right-sizing the Company's expense structure and employee base, and maximizing the value of the Company's proprietary and financial assets, while also maintaining the Liquidmetal brand. The Company notes the following highlights with respect to these efforts:

Successful completion of initial orders with Dongguan Yihao Metal Materials Technology Co. Ltd. during the fourth quarter of 2019 and the first quarter of 2020. The Company continues to seek transition and development projects to be manufactured under this arrangement.

Entering into a manufacturing partnership with Eutectix in February 2020, that combines licensed IP, specialized equipment, and facilities to support manufacturing performed by Eutectix in Tolleson, AZ.

Entering into a corporate lease agreement for the Company's Lake Forest, CA, facility in January 2020. The lease will provide predicable rental income for at least the next five years.?

Actively investing excess capital in investment grade debt securities to improve returns while maintaining liquidity and minimizing credit risk.

Successful completion of higher volume transition orders with existing customers to provide them with ample inventory for 2020, while the Company validates outsourced manufacturing options.