LiqTech International Reports Increased Net Loss and Decreased Revenue for Q2 2026

LiqTech International, Inc. reported a net loss of $3.05 million for the three months ended June 30, 2026, compared to a loss of $2.16 million for the same period in 2025, marking a 41.2% increase in losses. Revenue for the second quarter of 2026 was $4.36 million, down 12% from $4.96 million in the prior year, primarily due to a significant reduction in system sales, which was not offset by increases in sales from the Pool and Marine segments. The company's gross profit for the quarter was $365,539, reflecting a gross profit margin of 8.4%, down from 9.8% in the previous year, attributed to a shift in sales mix and lower manufacturing capacity utilization.

For the six months ended June 30, 2026, LiqTech reported a net loss of $5.78 million, an increase of 27.8% from a loss of $4.52 million in the same period in 2025. Revenue for the first half of 2026 was $8.50 million, down 11.2% from $9.58 million in 2025. The decrease was again linked to reduced system sales, although the company noted increased sales in the Filters segment. Gross profit for the six months was $759,283, with a gross profit margin of 8.9%, up from 6.4% in the prior year, driven by better manufacturing utilization and procurement efficiencies.

Operationally, LiqTech's total assets increased to $37.95 million as of June 30, 2026, compared to $27.28 million at the end of 2025, largely due to a capital raise that generated approximately $18 million in net proceeds. The company’s cash position improved significantly, with cash and restricted cash totaling $15.66 million, up from $5.07 million at the end of 2025. LiqTech's employee headcount has also increased as part of its strategic initiatives, including investments in its sales organization and the establishment of a joint venture in China focused on marine water treatment systems.

The company has faced challenges, including increased operating expenses, which rose to $5.37 million for the six months ended June 30, 2026, compared to $4.90 million in the prior year. This increase was attributed to foreign exchange rate fluctuations and investments in personnel and infrastructure. LiqTech's management remains focused on optimizing operational efficiency and expanding its market presence, particularly in the oil and gas, marine, and industrial sectors. Looking ahead, the company anticipates that its current cash reserves and operational cash flow will be sufficient to meet its capital requirements over the next 12 months, despite ongoing macroeconomic uncertainties.