Liquidmetal Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 04:28 pm EDT
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Liquidmetal Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 0.125 million compared to USD 0.243 million a year ago. Net loss was USD 0.614 million compared to USD 0.624 million a year ago.
For the six months, revenue was USD 0.288 million compared to USD 0.315 million a year ago. Net loss was USD 1.28 million compared to USD 1.32 million 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.