Liquidmetal Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 04:33 pm EST
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Liquidmetal Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 0.018 million compared to USD 0.406 million a year ago. Net loss was USD 0.571 million compared to USD 1.4 million a year ago.
For the nine months, revenue was USD 0.306 million compared to USD 0.721 million a year ago. Net loss was USD 1.85 million compared to USD 2.72 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.