Replies to post #183627 on Liquidmetal Technologies Inc (LQMT)

[Dell_Griffith]

If you choose to believe the below, the "top line" (revenue) is skewed to the upside -

Special events will make this quarterly financial bottom and top line meaningless.

1. One time revenue for END OF LIFE production of LM105

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152216565

I see no reason to doubt it. No indication of how much is related to that terminated revenue segment, though, but it's probably pretty significant, as they said they were clearing out final orders in this Q, which are mostly probably related to LM105.

1.7 Mill of impaired assets means, essentially, a loss of 2 mill in cash and wasted assets. Now it makes more sense than ever as to why they need to get rid of that building. They started with 64 mill and they're down to 31 mill.

Impairment of long-lived assets



The Company reviews long-lived assets to be held and used in operations for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may be impaired. These evaluations may result from significant decreases in the overall market outlook for the Company’s technology or the market price of an asset, a significant adverse change in the extent or manner in which an asset is being used in its physical condition, a significant adverse change in legal factors or in the business climate that could affect the value of an asset, as well as economic or operational analyses. If the Company concludes that the carrying value of certain assets will not be recovered based on expected undiscounted future cash flows, an impairment write-down is recorded to reduce the assets to their estimated fair value. Fair value is determined via market, cost and income based valuation techniques, as appropriate. The fair value is measured on a nonrecurring basis using a combination of quoted prices for similar assets in active markets and other unobservable adjustments to historical cost (Level 3) inputs. Based on the results of this analysis, the Company recorded non-cash impairment charges of $0 and $1,676 for the three and nine month periods ended September 30, 2019, respectively, primarily related to the carrying value of the Company’s manufacturing assets that it does not plan to utilize as a result of the 2019 Restructuring Plan.

On the plus side, the severance wasn't that big a charge - 273K into S, G, & A.

Well, there's always the next Q...