Liquidmetal Technologies Inc. Announces Earnings Results for the Fourth Quarter of 2015 and Full Year of 2015
March 18, 2016 at 06:12 am EDT
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Liquidmetal Technologies Inc. announced earnings results for the fourth quarter of 2015 and full year of 2015. For the quarter the company announced revenues of $18,000 compared to $193,000 a year ago. Gross loss was $19,000 compared to $10,000 in gross profit for the fourth quarter of 2014. Operating expense was $2.1 million, consistent with the $2.1 million recorded in the fourth quarter of 2014. Operating loss was $2.1 million.
For the year the company announced, revenue of $125,000 compared to $603,000 a year ago. Gross loss was $224,000 compared to gross profit of $120,000 a year ago. Operating loss was $9.3 million for fiscal year 2015.
Liquidmetal Technologies, Inc. is a materials technology company that develops and commercializes products made from amorphous alloys. The Company's Liquidmetal family of alloys consists of a variety of bulk alloys and composites that utilize the advantages offered by amorphous alloy technology. The Company designs, develops, and sells custom products and parts from bulk amorphous alloys to customers in various industries. The Company also partners with third-party manufacturers and licensees to develop and commercialize Liquidmetal alloy products. The Company is engaged in product development efforts relating to various medical devices and automotive components that could be made from bulk Liquidmetal alloys. The Company work with partners to design, develop, and supply components for non-consumer electronic devices utilizing its bulk Liquidmetal alloys. The Company is developing a variety of applications for Liquidmetal alloys in the sporting goods and leisure products area.
LIQUIDMETAL TECHNOLOGIES, INC. 
