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Tuesday, October 20, 2020

Here’s What’s Driving Liquidmetal Technologies Inc (OTCMKTS:LQMT)

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Liquidmetal Technologies Inc (OTCMKTS:LQMT) is a penny play in the device component wing of the tech sector focused on cutting edge amorphous allows. The stock has been pushing higher in recent months on the back of changes in leadership and some very clear bullish trends coming into place on the financial side. Recent action is also being impacted by the company’s mid-January announcement that it has ordered its first amorphous metal molding machine from its Licensee, Eontec Co., Ltd. The machine design is based on a die casting platform and is complementary to the injection molding machine developed with Engel. Delivery of the machine is expected in March 2017.

Paul Hauck, Executive Vice President of Sales and Marketing, said: “The machine technology that we are purchasing from Eontec will allow the manufacture of larger parts, up to 300 grams, and will allow us to offer lower cost parts made possible with larger higher-cavitation molds. The machine capabilities from both Eontec and Engel are expected to significantly broaden the number of possible applications across multiple markets. In parallel to this order, our sales team is reviewing past customer opportunities for candidate parts that could be served with the larger capacity machine.”

Liquidmetal Technologies Inc (OTCMKTS:LQMT) trumpets 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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Traders will note 15% tacked on to share pricing for the name in the past month. Market participants may want to pay attention to this stock. LQMT has a track record that includes a number of dramatic breakouts. What’s more, the name has benefitted from a jump in recent trading volume to the tune of 7% above the average volume levels in play in this stock over the longer term.

Since we last covered the name, the stock has moved about 10% to the upside. However, that action may be just a drop in the bucket in terms of the big picture potential for this stock, if it can start to truly put everything together.

As we noted last time, LQMT has an impactful technology with 63 patents protecting its hold on that asset. There are major demons in the past here, including burning through $100 million in new capital raised off the company’s IPO to basically no effect, and a clear mishandling of a defining deal with Apple, Inc, in 2010. But now, the company has a great balance sheet, is seeing major growth on the top line, and has new leadership at the helm.

Currently trading at a market capitalization of $201.2M, LQMT has a significant war chest ($6.4M) of cash on the books, which stands against virtually no total current liabilities. LQMT is pulling in trailing 12-month revenues of $374K. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 266.7%. This may be a very interesting story and we will look forward to updating it again soon. For continuing coverage on shares of $LQMT stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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