Overview

* LiqTech Q3 2025 revenue rises 54% yr/yr to $3.8 mln

* Company reduces Q3 net loss to $1.5 mln from $2.8 mln yr/yr

* Strong operational efficiencies with improved gross margins and reduced expenses

Outlook

* Company expects Q4 2025 revenue between $4.6 mln and $5.6 mln

* Company forecasts full-year 2025 revenue between $18.0 mln and $19.0 mln

* Company says order timing in systems business affects Q4 guidance

Result Drivers

* POOL SYSTEMS - Strong pool system deliveries drove significant revenue growth, including a large order valued at over $500,000

* OILY WASTEWATER SYSTEM - Successful delivery and commissioning of oily wastewater treatment system to NorthStar BlueScope Steel

* MARINE SYSTEM ORDERS - Received first commercial orders for marine dual-fuel engine water treatment systems, totaling three units

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $3.80

Revenue mln

Q3 Gross 19.60%

Margin

Q3 $2.10

Operatin mln

g

Expenses

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the environmental services & equipment peer group is "buy"

* Wall Street's median 12-month price target for LiqTech International Inc ( LIQT ) is $4.00, about 45.3% above its November 12 closing price of $2.19

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)