Liquidmetal Technologies Inc (OTCMKTS:LQMT) Nearing Oversold Levels

Liquidmetal Technologies Inc (OTCMKTS:LQMT) Nearing Oversold Levels


Liquidmetal Technologies Inc (OTCMKTS:LQMT) has been trending down in a bearish capacity for the last three months, but LQMT is up 37% for a 6-month timeframe, however. Keeping with the glass half full view, the company’s new CEO took investors out on an open house tour. While this does not mean much in regard to overall performance, it does show that the company wants to be transparent.

In addition, LQMT added a new Chief Operating Officer, Dr. Bruce Bromage, to help boost production. “This appointment provides direct accountability for the Company’s operational and financial performance,” said Professor Li, “and I have great confidence in Bruce. He has demonstrated great leadership since I first invested in Liquidmetal.” This another strategic move for the company and shows the new CEO’s commitment.

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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A bit about the new shire, verbatim from the press release: Dr. Bromage previously served as Liquidmetal’s Executive Vice President of Business Development and Operations. Since 2011, he has actively managed Liquidmetal operations and successfully transitioned the company’s focus from intellectual property development to volume manufacturing. Before joining Liquidmetal, Dr. Bromage was Executive Vice President and General Manager of Symmetricom’s Timing, Test, and Measurement division, growing annual revenues over a four-year period from $40 million to more than $90 million. Dr. Bromage has previously held executive positions with Hewlett-Packard and Hughes Aircraft Company, and he began his career as a Human Performance Engineer with Bell Laboratories.

While the recent performance is not ringing any bells, LQMT does have some interesting value.  A billionaire Asian investor is now CEO and is driving both innovation and expansion for the company. A brand-new manufacturing plant just opened in North America and the facility dramatically expands the operational capacity of Liquidmetal, both in line with current activity and potential future revenue streams.

Now trading at a market capitalization of $297.77M, LQMT has seen major top-line growth, with y/y quarterly revenues growing at 70.6%. Keep in mind, the new CEO might be pivotal to the future of the stock – he owns a lot of shares and wants to make this one a winner. 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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