GET DAILY SIGNALSLiqTech International (LIQT) Reports Q3 Revenue Growth of 15.5% With Narrowing Per-Share Losses
Key Takeaways
- Third-quarter 2026 revenue rose 15.5% year over year to $4.4 million, led by growth in marine and DPF (diesel particulate filter) products.
- Net loss attributable to LiqTech International was $1.8 million, or $0.05 per share, compared with a $0.10 per-share loss a year earlier.
- Earnings per share beat the analyst consensus estimate of a $0.14 loss, while revenue of $4.4 million came in below the roughly $6 million consensus.
- Gross margin improved sequentially to 12.3% from 8.4% in the second quarter, though it declined from 19.6% in the prior-year period.
- Management maintained its full-year 2026 revenue guidance and pointed to a preliminary outlook for 30%–40% revenue growth in 2027, which is not formal guidance.
- Cash and restricted cash totaled $13.9 million at quarter-end, reflecting a meaningfully strengthened balance sheet.
- For more detail on this ticker's Major News, Today's Price Move, Price Targets, and Forecast, explore the additional pages dedicated to LIQT.
- Discover curated trading ideas and market opportunities by exploring Trending AI Robots.
Why This Quarter Matters for LiqTech Investors
LiqTech International, Inc. (LIQT) is a clean-technology company that makes silicon carbide ceramic membrane filtration systems used to purify water and control emissions across marine, industrial, oil and gas, and pool applications. This quarterly report matters because it shows whether the company can convert its renewed commercial focus into consistent, repeatable revenue and move closer to profitability. After an $18 million public offering in June 2026 strengthened its balance sheet, investors are watching whether the stronger order pipeline translates into higher sales and narrower losses. The results highlight a familiar tension for LiqTech: top-line growth is improving, but the path to sustainable profitability and positive cash flow remains a key challenge for the stock. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Breaking Down the Reported Results
For the third quarter ended September 30, 2026, LiqTech reported revenue of $4.4 million, up 15.5% from $3.8 million in the same period a year earlier. The increase was driven by higher system and aftermarket revenue and filters and membrane sales, including growth in marine and water-for-industry markets, partially offset by lower component revenue.
Gross profit was approximately $540,000, representing a gross margin of 12.3%. That compares with a 19.6% margin a year earlier but marks an improvement from 8.4% in the second quarter of 2026. Operating expenses rose to $2.3 million from $2.1 million a year ago, reflecting higher selling expenses tied to new commercial hires and a U.S. service center.
The net loss was $1.85 million, compared with $1.46 million a year earlier. Net loss attributable to common shareholders was $1.84 million, or $0.05 per share, versus $1.43 million, or $0.10 per share, in the prior-year quarter. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was negative $1.13 million, compared with negative $0.51 million a year ago. By segment, marine revenue was approximately $0.9 million, commercial pool about $0.8 million, DPF about $1.1 million, and plastics about $0.7 million.
Against expectations, the $0.05 per-share loss beat the consensus estimate of a $0.14 loss, while revenue of $4.4 million fell short of the roughly $6 million analyst consensus. Management maintained its full-year 2026 revenue guidance. From what I see, the sequential margin improvement stands out as a positive signal even as year-over-year comparisons remain mixed.
Market Reaction and Investor Sentiment
Shares of LIQT closed at $0.31 following the report, with the stock down more than 44% over the prior three months and roughly 88% over the past twelve months. The mixed quarter — an earnings-per-share beat alongside a notable revenue miss — underscored a familiar pattern for investors: improving commercial momentum in select segments has not yet translated into the scale or profitability needed to shift sentiment. The decline in gross margin on a year-over-year basis, driven by a shift toward lower-margin system sales and lower manufacturing capacity utilization, remains a central concern. At the same time, the sequential margin improvement and the strengthening DPF order backlog offered signs that execution is trending in the right direction. I’m watching this closely as the balance sheet strength provides more runway.
Forward Outlook and Key Factors to Monitor
Looking ahead, investors will focus on whether LiqTech can convert its growing order backlog into recognized revenue during the fourth quarter. Management maintained its full-year 2026 revenue guidance, revised earlier in the year to a range of $20 million to $23 million, and said it expects fourth-quarter DPF revenue to exceed the third-quarter level.
Gross margin recovery remains a key watch item. Higher fourth-quarter activity could improve the company's ability to absorb fixed manufacturing costs, but product mix and capacity utilization will continue to influence profitability. Management has also pointed to disciplined procurement and its China joint venture as levers to reduce component costs over time.
Another factor to monitor is the company's preliminary outlook for 30%–40% revenue growth in 2027 relative to full-year 2026. This is not formal guidance, and converting pipeline opportunities into actual orders will depend on customer decisions and execution. The water-for-energy segment, where project timing has historically created revenue volatility, remains a source of uncertainty even as management prioritizes markets with more repeatable, shorter sales cycles. In my view, execution on the DPF backlog will be the clearest near-term indicator.
Using Tickeron’s AI Screener in My Research
One tool I turn to regularly is Tickeron’s AI Screener. It helps me quickly filter stocks by technical patterns, fundamentals, and performance metrics across industries, which streamlines the process of spotting comparable names and understanding broader market context without manual effort. I find it especially useful when evaluating smaller companies like this one alongside peers.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
LIQT's RSI Indicator dives oversold zone
The RSI Oscillator for LIQT moved into overbought territory on November 12, 2026. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 56 of 65 cases where LIQT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 86%.
The Moving Average Convergence Divergence (MACD) for LIQT just turned positive on October 30, 2026. Looking at past instances where LIQT's MACD turned positive, the stock continued to rise in 37 of 48 cases over the following month. The odds of a continued upward trend are 77%.
Following a +6.14% 3-day Advance, the price is estimated to grow further. Considering data from situations where LIQT advanced for three days, in 185 of 220 cases, the price rose further within the following month. The odds of a continued upward trend are 84%.
LIQT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 12, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on LIQT as a result. In 86 of 104 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 83%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LIQT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 80%.
The Aroon Indicator for LIQT entered a downward trend on November 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 9 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 72 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.374) is normal, around the industry mean (10.189). P/E Ratio (-0.323) is within average values for comparable stocks, (-16.372). LIQT's Projected Growth (PEG Ratio) (2.480) is slightly higher than the industry average of (0.975). Dividend Yield (0.000) settles around the average of (0.050) among similar stocks. P/S Ratio (0.519) is also within normal values, averaging (251.106).
The Tickeron Price Growth Rating for this company is 91 (best 1 - 100 worst), indicating slightly worse than average price growth. LIQT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 98 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LIQT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
a developer of gas and liquid purification equipment
Industry IndustrialSpecialties
Advertisement