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Wednesday, November 30, 2022

Stock in Focus: Liquidmetal Technologies Inc (OTCBB:LQMT)

Liquidmetal Technologies Inc (OTCBB:LQMT) has been in decline after the big move up it made on accelerating volume after hitting a recent 52 week low of $0.102. LQMT is a stock with long history of big moves running from pennies to $1.75 a few years ago.

This Company has a ton to offer and used to be a $20 big board stock with a billion dollar market valuation. Unfortunately the product was not yet ready for market and after a string of bad management decisions the stock ended up on the bb’s. LQMT started as a Caltech research project in the early 90’s that was eventually IPO’d on the NASDAQ in 2002.

Liquidmetal Technologies Inc (OTCBB:LQMT) is a materials technology Company that has one of the most exciting and potentially disruptive technologies to come out in years. Their patented liquidmetal family of alloys consists of a variety of proprietary bulk alloys and composites that utilize the advantages offered by amorphous alloy technology.

Liquidmetal alloys contain atoms of significantly different sizes that form a dense mix. It behaves more like glass in the sense that its viscosity drops gradually with increased temperature and retains its form and amorphous properties even after being heat-formed.

Liquidmetal alloys combine a number of desirable material features, including high tensile strength, excellent corrosion resistance, very high coefficient of restitution and excellent anti-wearing characteristics. These unique properties means liquidmetal can be injection-molded into extraordinary precise shapes similar to a plastic, while overcoming the crystalline weakness and necessary machining inherent in other metals.

Liquidmetal has significant potential in a number of industries including aerospace, military, auto, watches, and cutlery to name a few. LQMT controls the intellectual property rights with more than 63 U.S. patents.

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Back in 2010 LQMT entered into a license transaction with Apple Inc. pursuant to which, for a one-time licensing fee of $20 million, they granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize all of the company’s intellectual property in the field of consumer electronic products.

The Apple transaction obviously marked a huge milestone for LQMT which used the proceeds to pay off all its outstanding debt and attract a talented management team. It was this news that was the catalyst for the run to $1.75; once rumors started to fly that Apple might use Liquidmetal in the iPhone 5 the stock went parabolic. Of course that did not happen and the stock drifted back down.

Liquidmetal signed an exclusive licensing agreement with the Swatch Group allowing the Swiss manufacturer to utilize the Liquidmetal alloy technology worldwide. The Liquidmetal technology was used for the first time in 2009 for the Omega Seamaster Planet Ocean, and in 2010 for the Breguet «Reveil Musical». The present contract will allow the Swatch Group to use the technology exclusively in their entire line of timepieces

According to the 10Q LQMT filed on November 12 they maintain an enviable looking balance sheet for the bb’s showing a really strong cash position of $11.9 million in the treasury and minimal short term debt except for the $4.9 million in long term warrant liabilities. LQMT reported $97,000 in revenues for the quarter ended September 30 compared to $456,000 for the same period last year.

Currently trading at a $68 million market valuat8ion LQMT is a real Company with a revolutionary product and the stock boasts a loyal shareholder base that waits for the world to catch up with them. Everyone is excited to see LQMT moving in the right direction again after months of steady decline. LQMT was a $0.40 stock earlier this year and investors are desperate for the stock to regain some of its previous luster.

As I said LQMT has a ton going for it; Apple is still very much vested in the Company and evidence suggests they will be using the technology in the near future; if this happens, LQMT could see worldwide exposure and send the stock into another stratosphere.

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Now that LQMT has made a significant reversal off $0.102 52 week lows the stock seems attractive again and looks to be under accumulation.

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Disclosure: we hold no position in LQMT either long or short and we have not been compensated for this article.

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