Friday, June 24, 2022

Liquidmetal Technologies Inc (OTCMKTS:LQMT) Facing Extreme Volatility  

Liquidmetal Technologies Inc (OTCMKTS:LQMT) has been on a wild ride in 2017, but no stretch has been more volatile than recently on this popular stock. LQMT bounced back after a down day Thursday The stock finished up 7% to close the week with no real news on the wire.
If you are not familiar, LQMT is a lead developer of bulk amorphous alloys who recently elected a new director to the company. Tony Chung was LQMT’s CFO for 10 years and has now migrated to the new leadership position.
In financial news, selling, marketing, general and administrative expense was $1.4 million in Q2 2017, as compared to $1.8 million in 2Q2016. Research and development expense was $439,000 in, compared to $623,000 in the second quarter of 2016. The decreases were primarily due to decreases in employee headcount and incentive compensation.
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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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 is still a stock to watch and the company’s CEO is certainly committed to long term success and he will probably still be crucial to this stock having serious value because of the vast number of shares he owns.
Now trading at a market capitalization of $254.58M, LQMT is s stock that should be on your radar and might be a buy-low candidate, if you are looking for a speculative industry portfolio option.  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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