Liquidmetal Technologies Reports 63% Revenue Growth to $282,000 in Q1 2025

Liquidmetal Technologies, Inc. reported a total revenue of $282,000 for the first quarter of 2025, marking a 63% increase from $173,000 in the same period of 2024. This growth was primarily driven by increased product shipments, particularly in the medical device sector. The company's cost of sales also rose to $204,000, representing 72.3% of total revenue, down from 77.5% in the previous year, indicating improved efficiency in production. Gross profit for the quarter was $78,000, a significant increase from $39,000 in the prior year, reflecting a gross margin improvement.

Operating expenses for the first quarter of 2025 totaled $979,000, up from $767,000 in the same quarter of 2024. This increase was largely attributed to higher payroll expenses, a one-time severance payment, and stock-based compensation. As a result, the company reported an operating loss of $901,000, compared to a loss of $728,000 in the previous year. The net loss attributable to Liquidmetal Technologies shareholders was $568,000, which is an increase from the $314,000 loss reported in the first quarter of 2024.

In terms of operational developments, Liquidmetal Technologies continues to focus on enhancing its technology infrastructure and expanding its market presence. The company has maintained its manufacturing agreement with Dongguan Yihao Metal Materials Technology Co. Ltd., which serves as its primary contract manufacturer. Additionally, the company has entered into a new lease agreement for its facility, expanding the leased space to 40,090 square feet, which is expected to support its operational needs moving forward.

As of March 31, 2025, Liquidmetal Technologies had cash and restricted cash totaling $4.9 million, along with $17.2 million in investments in debt securities, providing a total liquidity of $22.1 million. The company anticipates that these resources will be sufficient to fund its operations for the foreseeable future, despite ongoing operating losses. The management remains optimistic about the potential for increased product adoption and revenue growth as it continues to develop its proprietary amorphous alloys for various applications.

Looking ahead, Liquidmetal Technologies acknowledges the challenges associated with scaling production and meeting customer demands. The company is focused on stabilizing its revenue streams through increased shipments of commercial products and securing significant licensing revenues. Management's outlook suggests a cautious optimism, with expectations of improved financial performance as operational efficiencies are realized and market conditions evolve.