Liquidmetal Technologies, Inc. (OTCBB:LQMT) Slides Despite Earnings Promise
Earnings season in August will be a boost for penny stocks, and this was the latest development around Liquidmetal Technologies, Inc. (OTCMKTS:LQMT). But this was not enough to support the stock levels, and LQMT slid down more than 13% to 14 cents. The conference call with the latest earnings is expected on August 6th and will probably give an indication if LQMT has managed to decrease the net loss. 
LQMT spent five days already on a downward trend, except for July 25th, when some selling returned and the stock was left without a net daily change. Given that levels of 20 cents were reached a bit too fast, such a correction may be expected. And somewhere along that trend, buying could resume, especially in the days leading to the earnings announcement. 
Until now, LQMT stands solid in comparison to other penny stocks, revealing:
- $5.5 million cash
- $6.2 million total current assets
- $4.4 million total current liabilities
- $122 thousand revenues
- $3.4 million net loss
As we already know, LQMT takes part in several supply chains, earning some revenues, but struggling for more.
The stock of LQMT resembles the chart of another technology contender, ImageWare Systems, Inc. (OTCMKTS:IWSY), which struggles to gain from a biometric platform for mobile phones. After several days of falling, IWSY is back on track, with investors buying up the stock, although not causing much of a daily movement.
Virtual Piggy, Inc. (OTCBB:VPIG) is another innovator, a higher tier company that shot up above $3, but went on to trade sideways for a while. Currently, VPIG drifts with little change around $2.50.
While it would be reasonable to predict active days for LQMT, nobody knows which way the activity will take this stock. It is best to avoid relying too much on significant moves upward, as it happened in the past few days. The last promotion for LQMT was on July 17th, and a mention around the date of earnings results could offer a greater boost, but for now, LQMT is left to its own devices.
