Liquidmetal Technologies Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017
May 09, 2017 at 04:30 pm EDT
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Liquidmetal Technologies Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company's total revenue was $48,000 compared with $168,000 a year ago. Operating loss was $2,109,000 compared with $2,566,000 a year ago. Net loss and comprehensive loss was $945,000 compared with $9,178,000 a year ago. Net loss and comprehensive loss attributable to the company shareholders was $943,000 or $0.00 per basic and diluted share compared with $9,176,000 or $0.02 per basic and diluted share a year ago.
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 designs, develops, and supplies 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.