Denmark's LiqTech Q1 revenue falls on lower system sales

Overview

• Denmark filtration tech firm's Q1 revenue fell 10% yr/yr on lower system sales

• Company reiterated FY 2026 revenue outlook, citing growth in pool, marine, and plastics segments

Outlook

• LiqTech expects FY 2026 revenue between $23 mln and $27 mln

• Company expects record commercial pool revenue and continued marine system deliveries in Q2 2026

• Company anticipates sustained order flow in 2026 driven by China JV and active energy pipeline

Result Drivers

• WATER FOR ENERGY DELIVERY - Revenue decline attributed to lack of a significant Water for Energy system sale that occurred in Q1 2025

• SEGMENT GROWTH - Sales to Commercial Pool, Marine, DPF and Membrane, and Plastics segments increased, offsetting some of the decline

• IMPROVED GROSS MARGIN - Gross profit margin rose due to favorable sales mix, better manufacturing utilization, procurement effects, and lower depreciation

Company press release: ID:nGNX4fPfTG

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the environmental services & equipment peer group is "buy"

• Wall Street's median 12-month price target for LiqTech International Inc is $4.30, about 91.1% above its May 12 closing price of $2.25

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