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Thursday, November 26, 2020

Liquidmetal Technologies Inc (OTCMKTS:LQMT) Blog Post Sparks a New Breakout Attempt

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Liquidmetal Technologies Inc (OTCMKTS:LQMT) shares powered higher on Thursday, ripping off recent support to break out above the stock’s 2-month range highs. This has been an interesting stock to follow over the past couple years as the company continues to attempt to bring its once-seemingly-revolutionary amorphous metal alloy design to market in a manner that works in a scalable commercial manner.

The inspiration for its latest breakout attempt appears to be a blog post that appeared on the company’s website. We would note that it wasn’t an actual press release, and the blog post is written with an amateurish tone and lacks a date of posting. But, according to our read of other posts in stock forums, it would appear this is how the company chooses to release important information. In any case, the post suggests relatively informally that it is on track to meet some sales goals, which is likely what fueled the stock’s move higher to close out the week.

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 shares popped higher to close out the holiday-shortened week last week apparently on the strength of a blog post that appeared on the company’s website – we believe it may have been posted on Wednesday evening, but the post is not time or date stamped.

The information was ostensibly posted by the company’s COO, Bruce Bromage, and states that “We are nearing the completion of our 90-day sales plan. You may have noticed our direct email marketing to generate interest in our introductory webinars. The results are promising. We are planting seeds with influencers that will likely grow into future Amorphous Metal Molding (AMM) part designs. The most effective action has been our increased support for Manufacturing Sales Representatives (MSRs), joining them more frequently on customer visits and more aggressively pricing RFQs.”

Recent action has seen 17% during the past week in terms of shareholder gains. Furthermore, the company has registered increased average transaction volume recently, with the past month seeing 70% over what the stock has registered over the longer term.

Now commanding a market cap of $209M, LQMT has a significant war chest ($41.3M) of cash on the books, which is balanced by virtually no total current liabilities. LQMT is pulling in trailing 12-month revenues of $321K. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 44.4%. 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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