Liquidmetal Technologies Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
August 09, 2016 at 04:00 pm EDT
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Liquidmetal Technologies Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company's total revenue was $0.03 million compared with $0.04 million a year ago. Operating loss was $2.4 million compared with $2.4 million a year ago. Net loss and comprehensive loss was $0.82 million compared with $2.1 million a year ago. Net loss and comprehensive loss attributable to the company shareholders was $0.82 million compared with $2.1 million a year ago.
For the six months, the company's total revenue was $0.2 million compared with $0.07 million a year ago. Operating loss was $4.9 million compared with $4.8 million a year ago. Net loss and comprehensive loss was $10.0 million compared with $4.6 million a year ago. Net loss and comprehensive loss attributable to the company shareholders was $9.99 million or $0.02 per basic and diluted share compared with $4.6 million or $0.01 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 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. 
