No Liquidmetal in the iPhones again this year folks. As expected by many of us. Going to be a long long while til we see whether there will be Liquidmetal formulas in the next iPhone upgrade. Meanwhile, LQMT has minimal revenues and will probably burn through millions of dollars attained through dilutive financing. Steipp says "maybe" or "likely" revenue generating contracts going into production deep into 2015. Again after they blow through millions in cash. Don't forget, the CEO himself has stated LQMT sees nada in the way of revenues even if Apple uses amorphous alloy. Liquidmetal sold Apple the rights to CE.
Shroers and many others in Universities and private companies all across the globe have been working with amorphous alloy for years. LQMT is far from the only game in town. They own patents too and the patents are all over the place and the main patent has expired. Materion sells generic formulations for amorphous alloy along side the Liquidmetal branded formulations. Furthermore, LQMT is locked out of consumer electronics so, has no dog in that race. And the patents have not been defended and upheld in court for the sake of validity.
Meanwhile let's not forget they are prepared to dilute many more shares for additional financing. That alone speaks volumes. They don't sound confident that any upcoming revenues will sustain the company without further diluting shareholders. The dilution is snow balling big time. From under 50 million in early 2010 to currently over 450 million.
Next up, the shareholders meeting and unveiling of the "World Center of Excellence" in October. Keep your expectations low. But, at least they are attempting something to make some sales and generate revenue in non CE. Sure seems to takes a long time(years) to go from actual "in the midst of shipping commercial parts to a number of customers across the globe" in March 2012 to production contracts maybe in mid/late 2015. Might have to resolve that LQMT is a teensy little company with mom and pop level revenues. Might have to continue to dilute for several more years to make payroll.
I would say potential investors may have plenty of time and share price decay to happen before considering an entry. Me personally, I am looking for single digits. Possibly a few pennies before considering a play. Unless of course they do a reverse split before it gets that low.
Maybe they did turn the corner, but it was more than a decade long road behind them and may still be a long long road ahead of them before profitability.
Just my opinion and best of luck.
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