Liquidmetal Technologies Inc (OTCMKTS:LQMT) is seeing a small jump in activity over the trailing 5-days of trading. LQMT over a year’s time is trading about even, but some analysts are seeing this as a time to buy the dip.
For quite some time, LQMT has been a speculative stock where many were not sure if it were going to break up or down. Over the long haul, the stock has remained steady, but there could be an increase in operations on the horizon. LQMT’s new facility is up and running and that means increased capacity.
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.”
Furthermore, in 2010, the company went into a license business deal with Apple Inc. after which, for a one-time licensing fee of $20.0 million, it gave Apple a continuous, global, exclusive license to commercialize all of the company’s intellectual property in the field of consumer electronic products. This transaction marked a great milestone for LQMT and it used some the proceeds to reduce its debt capital. News of the transaction was the catalyst for a huge spike in value in the period.
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During the second quarter of 2017, the company received two hot crucible amorphous metal molding machines from its licensing partner Eontec Ltd. 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 relationship with Eontec could be a positive catalyst for the company. LQMT has lower processing costs and now can offer more competitive pricing and tooling costs. According to the company, these potential clients—specializing in the medical, automotive, sporting equipment, industrial, aerospace and consumer markets—were extremely interested in integrating Liquidmetal into their manufacturing processes. However, they ultimately did not pull the trigger due to cost constraints. With that barrier now eliminated, the possibilities are abundant.
Now trading at a market capitalization of $211.93M with a float of 477.67M, LQMT might be a buy-low candidate, if they can increase their sales. 3-day volume remains a few tick below a million. We will be offering updates as more come out. 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.