Liquidmetal Technologies, Inc. reported its financial results for the second quarter and first half of 2025, showing a total revenue of $289,000 for the three months ended June 30, 2025, a 19.4% increase from $242,000 in the same period of 2024. For the six months ended June 30, 2025, revenue reached $571,000, up 37.6% from $415,000 in the prior year. The increase in revenue was primarily attributed to higher product shipments, particularly from recurring customer orders and medical device orders. Despite the revenue growth, the company reported a net loss of $525,000 for the second quarter, compared to a loss of $260,000 in the same quarter of 2024, and a net loss of $1.093 million for the first half of 2025, up from $574,000 in the previous year.
The company's cost of sales for the second quarter was $212,000, representing 73.4% of total revenue, a decrease from 77.3% in the same quarter of 2024. This reduction in cost percentage was attributed to improved product revenue in Q2 2025 compared to Q2 2024. Gross profit for the quarter increased to $77,000, up from $55,000 in the prior year, reflecting a gross margin improvement. Operating expenses also rose, with selling, marketing, general, and administrative expenses increasing to $927,000 from $857,000, primarily due to higher payroll costs and a one-time severance payment.
In terms of operational developments, Liquidmetal Technologies continues to focus on enhancing its technology infrastructure and product offerings. The company has maintained its manufacturing agreement with Dongguan Yihao Metal Materials Technology Co. Ltd. as its primary contract manufacturer, which is expected to support increased production capacity. The company also reported a significant increase in lease income, which rose to $160,000 in Q2 2025 from $89,000 in Q2 2024, due to a new lease agreement with higher base rents.
As of June 30, 2025, Liquidmetal Technologies had cash and cash equivalents of $5.618 million and investments in debt securities totaling $16.212 million, providing a total liquidity of approximately $21.830 million. The company anticipates that its current capital resources will be sufficient to fund operations for the foreseeable future, despite ongoing operating losses. Looking ahead, Liquidmetal Technologies aims to stabilize and increase shipments of its products through contract manufacturers, which it believes will enhance its revenue and profitability in the coming periods.
About LIQUIDMETAL TECHNOLOGIES INC
Liquidmetal Technologies, Inc. develops proprietary amorphous alloy materials used in manufacturing high-performance, precision-engineered components across industries such as medical, automotive, electronics, and sporting goods. The company licenses its advanced alloy technology, collaborates with manufacturing partners, and focuses on creating innovative, cost-effective, and durable products. Its core value lies in offering materials with superior strength, corrosion resistance, and design flexibility to enable new applications and replace traditional metals.
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