LiqTech International, Inc. reported its financial results for the first quarter of 2025, ending March 31, 2025. The company, which specializes in clean technology filtration systems, recorded a revenue of $4.6 million, reflecting a 36% sequential increase from $3.4 million in Q4 2024 and a 9% increase from $4.2 million in Q1 2024. Despite the rise in revenue, the company reported a net loss of $2.4 million, consistent with the net loss reported in Q1 2024. The company's gross profit for the quarter was $0.1 million, with a gross profit margin of 2.7%, down from a gross profit of $0.3 million and a margin of 6.4% in the same period of the previous year. This decline was attributed to the low margin on a full-scale liquid filtration system delivery to the U.S., affected by initial manufacturing and development costs, and underutilization of manufacturing capacity due to slower sales in ceramic membranes and diesel particulate filters (DPFs). LiqTech maintains an ending cash balance of $10.4 million. Looking ahead, the company anticipates Q2 2025 revenue to be between $4.8 million and $5.2 million, representing a 4% to 13% sequential increase from Q1 2025 and a 7% to 16% improvement year-over-year from Q2 2024. The outlook reflects positive expectations for continued sales growth and improved market conditions.
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