Liquidmetal Technologies Inc (OTCMKTS:LQMT) Shares Breaking Out

Liquidmetal Technologies Inc (OTCMKTS:LQMT) Shares Breaking Out

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Liquidmetal Technologies Inc (OTCMKTS:LQMT) has been a bull pick on this site for the better part of the past 18 months. LQMT has special IP and finally broke away from its model of tethering all strategy around the concept of being an Apple Inc. supplier last summer. When that pivot happened, we started a serious expansion as the company found new ways to monetize its IP.

In that vein, we like when we see this company find new ways to let the world see what it’s all about. That’s why we think it’s actually important that the company just hosted an open house event in its Lake Forest facility on October 17. According to its most recent release, on Tuesday, Liquidmetal welcomed more than 180 investors, customers, and partners to its headquarters in Lake Forest, California. Professor Lugee Li, Chairman and CEO, personally greeted attendees. “I relish the chance to meet our investors,” said Professor Li. “It isn’t something I get to do often.”

Liquidmetal Technologies Inc (OTCMKTS:LQMT) casts itself as a materials technology company that designs, develops, and sells products and components from bulk amorphous alloys to customers in various industries. It offers components for non-consumer electronic devices, including aerospace components, defense parts, medical devices, sporting goods, leisure products, automotive components, and industrial machines.

The company also provides liquidmetal alloys for use in the aerospace, automotive, defense, medical/dental, non-consumer electronics, and sporting equipment applications; and designs and develops components for aerospace and defense customers. In addition, its products related to various medical devices include specialized blades, clamps, tissue suturing components, dental devices, and general surgery devices, as well as tissue manipulation devices and orthopedic instruments utilized for implant surgery procedures.

Further, the company sells tooling and prototyping parts, such as demonstration parts and test samples for customers with products in development; and offers product licensing services. Liquidmetal Technologies, Inc. was founded in 1987 and is based in Rancho Santa Margarita, California.

From the company’s press messaging, they frame themselves as “the leading developer of amorphous alloys that utilize the performance advantages offered by amorphous alloy technology. Amorphous alloys are unique materials that are distinguished by their ability to retain a random structure when they solidify, in contrast to the crystalline atomic structure that forms in ordinary metals and alloys. Liquidmetal Technologies Inc is the first company to produce amorphous alloys in commercially viable bulk form, enabling significant improvements in products across a wide array of industries.”

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As noted above, LQMT has been a special company but too much of a secret to do its shareholders good. That’s why we like its latest ploy to open the doors and let the public see what’s under the hood via its “open house” event.

According to the release, “on display were Liquidmetal’s three production lines: Medical-grade amorphous metal molding, Industrial-grade amorphous metal molding, and newly-added MIM (Metal Injection Molding). Visitors were also treated to a demonstration of secondary operations and a tour of laboratory facilities. Throughout the day, Principal Scientist Dr. Joseph Stevick presented a “deep dive” into the company’s recent achievements in biocompatibility research. Dr. Bruce Bromage, EVP Operations, presented the Company’s business strategy, technology and near-term plans for further expansion. “I thank the strong showing of customers and investors that allowed us to demonstrate our readiness to rapidly scale volume production,” said Dr. Bromage.”

Professor Li apparently also reaffirmed his commitment to growing Liquidmetal and to achieving profitability. As the owner of more than 400 million shares of Liquidmetal stock, Professor Li is deeply invested in Liquidmetal’s future and used the event to clarify his business strategy. “It was a pleasure to be able to discuss our business directly with customers and investors,” said Professor Li. “They had many excellent questions.”

Currently trading at a market capitalization of $351.7M, LQMT has a significant war chest ($45.4M) of cash on the books, which stands against virtually no total current liabilities. LQMT is pulling in trailing 12-month revenues of $384K. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 70.6%. We will update the story again soon as further details emerge. Sign-up for continuing coverage on shares of $LQMT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $LQMT, either long or short, and we have not been compensated for this article.

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