LiqTech International, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2019 and First Quarter of 2020
January 21, 2020 at 06:00 am EST
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LiqTech International, Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2019 and first quarter of 2020. For the fiscal year 2019 ended December 31, 2019, the company anticipates revenue of $32.4 million, an increase of approximately 265% compared to fiscal year 2018 revenue of $12.3 million. The Company anticipates that fiscal year 2019 income from operations will be approximately $0.1 million, compared to a loss of $4.5 million in fiscal year 2018.
Fourth quarter 2019 revenue is anticipated to be $6.0 million, in line with previously announced expectations.
The company anticipates revenue for the first quarter of 2020 to be approximately $12 million, in line with the Company's previously announced expectations in mid-November 2019.
LiqTech International Inc is a clean technology international company, which is engaged in filtration technologies with headquarter in Denmark. The Company specializes in three main business areas: Water - cleaning water of suspended solids, oil & grease, germs & heavy metals, Ceramics - using silicon carbide membranes in diesel exhaust and liquid filtration products, and Plastics - plastic manufacturing. The Company focuses on water treatment systems through its subsidiary, LiqTech Water A/S, sells and develops silicon carbide membranes and diesel particulate filters through LiqTech Ceramics A/S, while LiqTech Plastics A/S, has a focus on plastic processing.
LIQTECH INTERNATIONAL, INC. 
