Liquidmetal Technologies Inc (OTCMKTS:LQMT) Plummets
[[tagnumber 0]][[tagnumber 1]]Liquidmetal Technologies Inc (OTCMKTS:LQMT) has been sliding down the charts for quite some time now. The company stock dropped below the 10 cent per share mark two and a half months ago and it doesn’t seem like it is going to stop losing weight any time soon.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After all, the financial performance of [[tagnumber 6]]LQMT[[tagnumber 7]] has been declining. The company issued their report for the third quarter of the week last month and it contained the following numbers in its balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $4.38 million[[tagnumber 13]] [[tagnumber 12]]current assets: $6.91 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $1.9 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $42 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $1.23 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Overall, these numbers aren’t that bad for an OTC marketplace company, but the figures are getting worse. The revenue has dropped significantly compared to last year while the net loss has gone up. [[tagnumber 6]]LQMT[[tagnumber 7]] is also burning through its cash reserves pretty fast, while picking up more liabilities.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company announced that it will be directly selling custom knives in Tuesday and they have put a price tag of $320 per unit on their website. The decent news, however, didn’t work in favor of [[tagnumber 6]]LQMT[[tagnumber 7]] and we saw the ticker crash and lose 16.08% in yesterday’s trading, closing at $0.0621.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And although things are going better today and [[tagnumber 6]]LQMT[[tagnumber 7]] is in the green as of the writing of this article we don’t think that the ticker will be able to recover the lost value.[[tagnumber 2]]
