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Monday, January 18, 2021

Major Break Out in Liquidmetal Technologies Inc (OTCMKTS:LQMT)

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Liquidmetal Technologies Inc (OTCMKTS:LQMT) is a rather unique amorphous materials play that has started to garner a resurgent focus and attention among OTC traders as the stock breaks out higher in recent trade. When last we covered the name, we discussed the strong outlook based on its relationship with Eontec Co., Ltd. The current breakout is related to the fruits of that relationship.

The stock flew higher to close last week in a move accompanied by an announcement that it has received two hot crucible amorphous metal molding machines from Eontec. According to the release, “These Machines allow the production of amorphous alloy parts that are up to three times larger and one-third the cost of established technologies. This technology complements LQMT’s well established cold-crucible systems, which are capable of producing parts that meet requirements for the most demanding medical and automotive applications.” It’s crucial to understand this announcement in the context of the company as a whole to appreciate why the stock took flight on this news.

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, news of the receipt of two hot crucible amorphous metal molding machines from Eontec helped foster the stock’s breakout to close last week. The announcement provides a credible framework for the market to start pricing in the company’s larger advantage, as well as, more specifically, it’s late March announcement that it has passed additional pre-screening biocompatibility tests for use in medical implants and is now pursuing collaborations with medical implant companies.

The Machines, according to the latest press release, are located in the Company’s new 41,000 square-foot manufacturing facility in Lake Forest, CA., “where operations are planned to commence in the second half of this year.”

Management also added some perspective in the release:

“We are making excellent progress on our plans to significantly expand our market reach and the scale of our operations. Our hot-crucible machines provide the benefits of amorphous alloy technology to price-sensitive applications that were previously beyond our reach,” said Dr. Bruce Bromage, Liquidmetal’s EVP of Business Development and Operations.

“I am pleased to be able to join the technology we have developed at Eontec with the exceptional talent and expertise within Liquidmetal,” said Professor Li, Chairman and CEO of Liquidmetal.

As far as the raw action, we’ve witnessed 39% piled on for shareholders of the listing just during the trailing week. This is emblematic of the stock’s action over the past year. LQMT has evidenced sudden upward volatility on many prior occasions. In addition, the name has seen an influx of trading interest along the way, with the LQMT’s recent average trading volume running nearly 300% above the average volume levels in play in this stock over the longer term. Since we last covered the name, LQMT stock has moved 22.1% higher.

At this time, carrying a capital value in the market of $245.7M, LQMT has a significant war chest ($58.9M) of reported cash on the books, which compares with about $3.6M in total current liabilities. Hence, the balance sheet looks excellent upon a cursory glance.

We are also beginning to see real revenue growth: LQMT is pulling in trailing 12-month revenues of $480K, which represents a y/y quarterly jump of 588.9% on the top line. You can bet we will update this one again as new information comes into view. 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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