olivLaw · US equity research
LiqTech International, Inc. LIQT
Misc Industrial & Commercial Machinery & Equipment · SIC 3590 · Vertical: Misc Industrial & Commercial Machinery & Equipment (SIC 3590)
LiqTech International makes silicon carbide ceramic filters and membranes, liquid filtration systems and plastic components, with operations in Denmark, the US and China. The company has not yet reached profitability, and sales fell in the second quarter of 2026, so the trajectory of capital and costs remains in focus. Revenue for fiscal 2025 was 16.5 million USD, with a net loss of 8.6 million USD.
At the close of 04 Nov 2026, LiqTech International, Inc. (LIQT) stock was 0.32 USD (+1.61% on the day), with market capitalisation 10.4 m USD, beta 0.66, 52-week range 0.30–2.53 USD. Latest reported quarter (Q2 2026): revenue of 4.4 m USD (−12.0% YoY), net income of -3.0 m USD, diluted EPS -0.14 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 35.8
- weak (30–45)
- Bollinger (20, 2)
- 0.27 – 0.44
- in the lower half of the band · %B 0.28 · band width 49.3%
- SMA 50 / 200
- 0.51 / 1.17
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.06 / -0.07
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −28.4% | −1.1% | −27.3 pp | — |
| 3 months | −52.3% | −0.5% | −51.8 pp | — |
| 6 months | −85.4% | +4.4% | −89.8 pp | — |
| Year to date | −78.4% | +12.3% | −90.7 pp | — |
| 1 year | −86.2% | +13.5% | −99.8 pp | −47.0% |
| 3 years | −91.7% | +76.4% | −168.1 pp | +54.8% |
| 5 years | −99.2% | +63.7% | −162.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.5 m | 3.4 m | 4.6 m | 5.0 m | 3.8 m | 3.1 m | 4.1 m | 4.4 m |
| Cost of revenue | 2.7 m | 3.9 m | 4.5 m | 4.5 m | 3.1 m | 3.2 m | 3.7 m | 4.0 m |
| Gross profit | -209.5 k | -527.9 k | 125.1 k | 484.6 k | 747.9 k | -107.0 k | 393.7 k | 365.5 k |
| Research & development | 278.4 k | 411.6 k | 230.1 k | 242.6 k | 269.4 k | 421.5 k | 276.1 k | 271.7 k |
| Operating income | -2.6 m | -2.8 m | -2.2 m | -2.1 m | -1.3 m | -2.7 m | -2.3 m | -2.3 m |
| Depreciation & amortisation | 554.6 k ≈ | 538.9 k | 442.0 k | 458.8 k ≈ | 415.5 k ≈ | 376.0 k | 356.9 k | 301.5 k ≈ |
| Pre-tax income | -2.9 m | -3.0 m | -2.4 m | -2.2 m | -1.5 m | -2.6 m | -2.7 m | -3.1 m |
| Income tax | -10.1 k | -187 | -339 | -360 | -375 | -380 | -377 | -370 |
| Net income | -2.8 m | -3.0 m | -2.4 m | -2.2 m | -1.4 m | -2.6 m | -2.7 m | -3.0 m |
| Diluted EPS | -0.49 | — | -0.25 | -0.14 | -0.15 | — | -0.28 | -0.14 |
| Operating cash flow | -1.7 m ≈ | -2.0 m | -1.3 m | -1.6 m ≈ | -1.1 m ≈ | -2.1 m | -1.9 m | -3.1 m ≈ |
| Capex | 365.3 k ≈ | 390.3 k | 163.5 k | -61.1 k ≈ | 126.6 k ≈ | 166.3 k | 269.7 k | 7.9 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12.2 m | 32.6 m | 22.5 m | 18.3 m | 16.0 m | 18.0 m | 14.6 m | 16.5 m |
| Revenue YoY | +7.8% | +166.8% | −31.0% | −18.9% | −12.5% | +12.6% | −18.9% | +13.0% |
| Net income | -3.8 m | 39.6 k | -9.8 m | -11.1 m | -14.2 m | -8.6 m | -10.3 m | -8.5 m |
| Net income YoY | unavailable | unavailable | −24,858.6% | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | -0.24 | 0.00 | -0.46 | -0.52 | -3.20 | -1.51 | -1.64 | -0.89 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -31.2% | 0.1% | -43.5% | -60.9% | -88.7% | -47.6% | -70.8% | -51.7% |
| Free cash flow | -4.1 m | -7.1 m | -6.4 m | -8.3 m | -13.7 m | -7.1 m | -8.9 m | -6.5 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 5.1 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 10.4 m USD
- Total assets
- 27.3 m USD
- Debt / equity
- unavailable
- Current ratio
- 3.38x
- ROE
- -63.1%
- ROA
- -28.6%
- FCF margin
- -39.4%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 22.5 m | 18.3 m | 16.0 m | 18.0 m | 14.6 m | 16.5 m | SEC (XBRL)· 27 Feb 2026verified |
| Cost of revenue | 20.4 m | 16.7 m | 15.4 m | 15.2 m | 14.4 m | 15.3 m | SEC (XBRL)· 27 Feb 2026verified |
| Gross profit | 2.1 m | 1.6 m | 567.1 k | 2.8 m | 250.9 k | 1.3 m | SEC (XBRL)· 27 Feb 2026verified |
| Research & development | 1.3 m | 1.9 m | 1.8 m | 1.4 m | 1.4 m | 1.2 m | SEC (XBRL)· 27 Feb 2026verified |
| Operating income | -8.3 m | -10.7 m | -12.5 m | -7.8 m | -9.5 m | -8.3 m | SEC (XBRL)· 27 Feb 2026verified |
| Depreciation & amortisation | 2.8 m | 2.7 m | 2.6 m | 2.6 m | 2.2 m | 1.7 m | SEC (XBRL)· 27 Feb 2026verified |
| EBITDA | -5.4 m ≈ | -7.9 m ≈ | -9.9 m ≈ | -5.2 m ≈ | -7.3 m ≈ | -6.6 m ≈ | SEC (XBRL)· 27 Feb 2026derived |
| Interest expense | 120.9 k | — | — | — | — | — | SEC (XBRL)· 31 Mar 2021verified |
| Pre-tax income | -10.3 m | -11.2 m | -14.4 m | -8.8 m | -10.4 m | -8.6 m | SEC (XBRL)· 27 Feb 2026verified |
| Income tax | -465.1 k | -63.0 k | -237.4 k | -206.2 k | -38.8 k | -1.5 k | SEC (XBRL)· 27 Feb 2026verified |
| Net income | -9.8 m | -11.1 m | -14.2 m | -8.6 m | -10.3 m | -8.5 m | SEC (XBRL)· 27 Feb 2026verified |
| Diluted EPS | -0.46 | -0.52 | -3.20 | -1.51 | -1.64 | -0.89 | SEC (XBRL)· 27 Feb 2026verified |
| Weighted average diluted shares | 21.2 m | — | — | — | — | — | SEC (XBRL)· 31 Mar 2021verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 11.7 m | 15.4 m | — | 10.4 m | — | 5.1 m | SEC (XBRL)· 27 Feb 2026verified |
| Receivables | 3.1 m | 2.0 m | 2.3 m | 3.2 m | 2.4 m | 3.4 m | SEC (XBRL)· 27 Feb 2026verified |
| Inventories | 5.5 m | 5.4 m | 4.1 m | 5.3 m | 5.5 m | 6.5 m | SEC (XBRL)· 27 Feb 2026verified |
| Current assets | 25.7 m | 28.1 m | 27.7 m | 22.1 m | 20.6 m | 16.0 m | SEC (XBRL)· 27 Feb 2026verified |
| Property, plant & equipment, net | 10.3 m | 8.9 m | 8.3 m | 9.0 m | 6.6 m | 5.8 m | SEC (XBRL)· 27 Feb 2026verified |
| Goodwill | 260.2 k | 240.3 k | 226.1 k | 233.7 k | 220.7 k | 248.1 k | SEC (XBRL)· 27 Feb 2026verified |
| Intangibles (excl. goodwill) | 480.1 k | 334.7 k | 212.9 k | 114.6 k | 39.4 k | 36.1 k | SEC (XBRL)· 27 Feb 2026verified |
| Total assets | 42.2 m | 45.1 m | 40.1 m | 36.0 m | 32.4 m | 27.3 m | SEC (XBRL)· 27 Feb 2026verified |
| Long-term debt | 0 | 6.2 m | — | — | — | — | SEC (XBRL)· 31 Mar 2022verified |
| Current liabilities | 9.8 m | 16.9 m | 6.1 m | 7.5 m | 4.9 m | 4.7 m | SEC (XBRL)· 27 Feb 2026verified |
| Total liabilities | 17.4 m | 32.3 m | 16.8 m | 18.7 m | 15.8 m | 16.9 m | SEC (XBRL)· 27 Feb 2026verified |
| Equity | 24.8 m | 12.8 m | 23.3 m | 17.3 m | 16.7 m | 10.4 m | SEC (XBRL)· 27 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -2.6 m | -7.2 m | -12.0 m | -4.2 m | -7.5 m | -6.1 m | SEC (XBRL)· 27 Feb 2026verified |
| Capex | 3.8 m | 1.1 m | 1.7 m | 2.9 m | 1.4 m | 395.2 k | SEC (XBRL)· 27 Feb 2026verified |
| Free cash flow | -6.4 m ≈ | -8.3 m ≈ | -13.7 m ≈ | -7.1 m ≈ | -8.9 m ≈ | -6.5 m ≈ | SEC (XBRL)· 27 Feb 2026derived |
| Investing cash flow | -4.0 m | -1.5 m | -1.7 m | -2.9 m | -424.0 k | -217.9 k | SEC (XBRL)· 27 Feb 2026verified |
| Financing cash flow | 7.2 m | 13.9 m | 13.7 m | 580.6 k | 8.5 m | 719.3 k | SEC (XBRL)· 27 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 27.1% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 10.4 m USD
Key indicators
Coverage and freshness
Score by group
27% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -63.2% | 50 (vs peers) | 23% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 1.1% | 9 (on a fixed band) | 31% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 4.4x | 100 (on a fixed band) | 15% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -84.9% | 0 (on a fixed band) | 31% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth· partial9/100 · 1/2 factors with a value
- Quality· partial50/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
LIQTECH INTERNATIONAL, INC. (LIQT). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 16.5 m USD in 2025; YoY growth 13.0%; net margin -63.2%; ROE -48.9%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 4.4x
What contradicts it
- Revenue CAGR 3Y: 1.1%
- FCF yield: -84.9%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Misc Industrial & Commercial Machinery & Equipment (SIC 3590) · same industry (4-digit SIC) · compared with 10 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ETNEATON CORPORATION plc | 137.2 bn | 35.3 | 19.6% | 12.2% | +10.3% | +2% / +55% |
| CWCurtiss-Wright Corporation | 16.7 bn | 31.1 | 19.7% | 14.8% | +12.1% | −20% / +111% |
| EPACEnerpac Tool Group Corp. | 2.2 bn | 24.5 | 20.2% | 13.8% | +5.7% | +11% / +55% |
| ZOOZZOOZ Strategy Ltd. | 972.0 m | — | -88.3% | -22,505.7% | −76.3% | −49% / unavailable |
| VHUBVenhub Global, Inc. | 21.4 m | — | — | -11,799.2% | unavailable | unavailable / unavailable |
| LIQTLiqtech International, Inc. | 10.4 m | — | -48.9% | -63.2% | +13.0% | −86% / −92% |
| SMXSMX (Security Matters) Public Limited Company | 2.1 m | — | -2,287.2% | — | unavailable | −100% / −100% |
| SHMDSCHMID Group N.V. | — | — | — | -138.3% | −32.6% | −47% / unavailable |
| MOG-AMOOG Inc. | — | 27.7 | 18.2% | 8.7% | +7.0% | +42% / +133% |
| HTOOFusion Fuel Green PLC | — | — | -204.5% | -855.5% | −61.3% | −53% / −97% |
| RAINRain Enhancement Technologies Holdco, Inc. | — | — | — | — | unavailable | −89% / unavailable |
1- and 3-year price returns: for LIQT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
LiqTech International makes silicon carbide ceramic filters and membranes, liquid filtration systems and plastic components, with operations in Denmark, the US and China. The company has not yet reached profitability, and sales fell in the second quarter of 2026, so the trajectory of capital and costs remains in focus. Revenue for fiscal 2025 was 16.5 million USD, with a net loss of 8.6 million USD 1.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Capital needs and going concernhigh
The company may need additional funding, and a shortfall of capital could affect the going concern assumption 1.
- Customer concentrationhigh
A small number of customers account for a large share of sales, and losing one could significantly affect results 1.
- Tariffs and international trademedium
Tariffs and trade restrictions could raise costs and disrupt the supply chain 1.
- Energy costsmedium
Volatile energy prices in Europe could affect profitability, particularly for production in Denmark 1.
- Raw material supplymedium
A shortage of silicon carbide or rising prices could delay deliveries and reduce margins 1.
Investment thesis
What would need to be true (bull case)
- If demand for water treatment from dual-fuel engines materialises, the company could draw on its installed base of marine scrubbers 1.
- Lower net losses and operating costs could lead to a clearer path to profitability if sales grow 1.
- Patented SiC technology and vertical integration could offer an edge over conventional ceramic or polymeric filters 1.
What would break the thesis
- The company could keep posting losses if revenue does not recover from the decline seen in the second quarter of 2026 2.
- Dependence on a few large customers makes revenue hard to forecast, and delayed orders could affect results 1.
- The need for additional funding could lead to dilution for shareholders or restrictive borrowing terms 1.
What to watch
- Revenue and gross margin trend in marine and pool systemsQ3 2026
- Access to additional funding and any shareholder dilutionnext 10-K
- Progress of the Nantong joint venture in dual-fuel engine sales2027
- Effect of trade tariffs on costs and sales in China and the US2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
LiqTech International, Inc. is a clean technology company, operating from Denmark, that manufactures silicon carbide (SiC) filters and membranes for purifying gases and liquids 1. Its activity is split into three areas: ceramic membranes and liquid filtration systems, diesel particulate filters (DPF) for emissions control, and plastic components 1. Products ship directly from the Danish plants, and marine water treatment systems are assembled in China 2.
The company was incorporated as Blue Moose Media, Inc. in Nevada and changed its name to LiqTech International in October 2011 1. Revenue for fiscal 2025 grew year on year, mainly from deliveries of pool and industrial systems and plastic components, partly offset by lower DPF filter sales 1. The net loss narrowed, but the company continued to operate under a going concern assumption that depends on additional funding 1.
In the near term, activity depends on the timing of system orders, which can be uneven from quarter to quarter. In the second quarter of 2026 revenue fell, mainly because a large 2025 energy system delivery did not recur, while sales of pool and marine systems rose 2. The company also reported a lower gross margin, showing how sensitive profitability is to product mix 2.
Segments
Liquid filtration systems
This is the main line focused on SiC membranes, with applications in pool water, produced water from oil and gas, industrial wastewater and marine scrubber water treatment 1. The company estimates a 14% share of the marine scrubber water treatment unit market, where it has sold more than 170 units since 2018 1.
Market context
The company frames its addressable market at several levels: the global industry and municipal wastewater equipment market is about 300 billion USD, filtration technology is a 14 billion USD market, and LiqTech's addressable market is about 6 billion USD 1. According to the same source, the total industrial water and wastewater treatment market could reach 7.7 billion USD by 2030 1. Demand for high-quality water in industrial processes and sulfur emission rules for ships are the main drivers cited by the company 1.
The produced water market from oil and gas operations could grow significantly, and the company has validated commercial installations in the Middle East and the US 1. However, exposure to industrial investment cycles and orders from a small number of customers makes results volatile from year to year 1.
Trends
- Maritime sulfur emission rulestailwind
The IMO SOx rules led to the installation of scrubbers, and hybrid or closed-loop systems require water treatment, which could create demand for the company's products 1. The market could change, however, if the rules shift or scrubber adoption slows 1.
- Shift to dual-fuel enginestailwind
Most newly ordered vessels are built with dual-fuel engines, which could open a new market for exhaust gas recirculation water treatment 1. The company set up a joint venture in Nantong, China, to speed entry into this market 1.
- Energy and raw material costsmixed
The company depends on gas and electricity prices for high-temperature kilns, and energy volatility or shortages of inputs such as silicon carbide could affect margins 1. Underutilised manufacturing capacity has also been identified as a pressure on profitability 1.
Competitive position
LiqTech's products compete with filtration technologies made from ceramic, aluminium oxide and polymeric materials, and most competitors are large industrial companies 1. The company differentiates itself by combining patented SiC membranes with integrated modular systems and application expertise 1.
The company's stated advantage is the chemical resistance and durability of silicon carbide compared with aluminium oxide filters, but this advantage depends on how well new applications are validated with customers 1. The supplied sources do not name listed direct competitors.
- Ceramic and aluminium oxide filter makers
Competitors referred to generically in the annual report, without precise names in the supplied sources.
- Polymeric membrane technology providers
Companies using polymeric membranes are cited as a technological alternative.
- Sand and walnut shell filtration suppliers
Traditional filtration solutions appear as alternatives the company compares its products against.
- Large industrial filtration companies
The sources describe most competitors as large industrial companies, without precise identification.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Proxy statement23 Oct 2026
- Current report06 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Current report08 Sept 2026Departure or appointment of officers
- Quarterly report12 Aug 2026
- Current report24 Jul 2026Delisting notice
- Current report09 Jun 2026Material agreement · Item 3.02 · Regulation FD disclosure · Financial statements and exhibits
- Current report01 Jun 2026Material agreement · Item 3.02 · Financial statements and exhibits
- Current report26 May 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Quarterly report13 May 2026
- Annual report27 Feb 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / LiqTech International, Inc. · 27 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / LiqTech International, Inc. · 12 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / LiqTech International, Inc. · 28 Mar 2019
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.