Liquidmetal Technologies Inc (OTCMKTS:LQMT) Sliding Steeper After Q1 Results

[[tagnumber 0]][[tagnumber 1]]So far, 2015 has been ups and downs for the stock of Liquidmetal Technologies Inc (OTCMKTS:LQMT). There were times at which the news coming in from company HQ were enough to provide a push for the stock’s price, as well as for the volume, but they were short–lived and followed by long periods of descent.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]LQMT [[tagnumber 7]]was hovering around the $0.13 per share mark throughout the first half of last month, but somehow managed to begin climbing to 15 cents for no apparent reason. It pushed its way to $0.1569 on May 4, but corrected the following day. Meanwhile, we got to see the Q1 report for Q1 of this year, which was filed on Tuesday and contained the following numbers of prime interest in its balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $6.2 million[[tagnumber 13]] [[tagnumber 12]]current assets: $8.6 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $901 thousand[[tagnumber 13]] [[tagnumber 12]]total liabilities: $3.92 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $23 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $2.47 million[[tagnumber 13]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And although we see that [[tagnumber 6]]LQMT [[tagnumber 7]]has a decent amount of cash on hand at its disposal, we also see that the revenue has shrunk by 85% compared to the same period last year. The company has also managed to burn through nearly $4 million of the cash on hand they had in just Q1 of this year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The operating expenses have stayed nearly the same, which leads us to think that the management might be receiving big compensations while revenues are going down, just like they did last year. As we mentioned in our previous article on [[tagnumber 6]]LQMT[[tagnumber 7]], the compensations that most executives received in 2014 was around double that of the previous year while the revenues had shrunk by 40%.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Only the compensation for Mr. Thomas Steipp, CEO of [[tagnumber 6]]LQMT [[tagnumber 7]]was $1,739,469, nearly three times bigger than the revenue the company he is heading generated throughout the year. Meanwhile, the company stock lost another 11.49% of its value yesterday and closed the session at $0.131 with a total of 2.59 million traded shares that generated $349 in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering this, we can say that [[tagnumber 6]]LQMT [[tagnumber 7]]remains a risky investment choice and you should be sure to do your due diligence before putting any money on the line.[[tagnumber 2]]