LiqTech International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 06:22 am EDT
Share
LiqTech International, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 4.99 million compared to USD 5.02 million a year ago. Net loss was USD 1.56 million compared to USD 6.51 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to USD 1.62 a year ago. Diluted loss per share from continuing operations was USD 0.27 compared to USD 1.62 a year ago.
For the six months, sales was USD 9 million compared to USD 8.66 million a year ago. Net loss was USD 3.94 million compared to USD 10.25 million a year ago. Basic loss per share from continuing operations was USD 0.7 compared to USD 3.07 a year ago. Diluted loss per share from continuing operations was USD 0.7 compared to USD 3.07 a year ago.
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.