Liquidmetal falls after posting Q1 results

|About: Liquidmetal Technologies, Inc. (LQMT)|By:, SA News Editor

Liquidmetal (LQMT -9.3%) had Q1 revenue of $160K (largely from product sales) vs. $122K a year ago. Net loss rose to $3.91M from $3.49M a year ago.

SG&A spend rose 41% Y/Y to $1.85M, and R&D spend 42% to $334K. The company ended Q1 with $6.95M in cash/equivalents, and $6.65M in warrant liabilities.

Liquidmetal says it "continued to focus on the development of prototype parts for its customers and partnering with licensees on the development of the company's technology and production processes."