John L. Cameron • 138 Comments
Fri, May 20, 2:27 PM
- At the company's annual meeting, Liquidmetal (OTCPK:LQMT +8.8%) shareholders approved increasing the company's authorized shares (not the same as outstanding shares) to 1.1B from 700M. That allows Liquidmetal to raise another $55M in funds from Professor Lugee Li.
- Liquidmetal jumped in March after announcing it's raising $8.4M through an equity sale to Li, the majority shareholder of Hong Kong-based materials manufacturer EONTEC. The deal featured ""a commitment for an additional investment in the amount of $55.0 million subject to an increase in authorized shares to be approved by shareholders," and also a cross-licensing deal with EONTEC.
Mon, Mar. 14, 9:57 AM
- Liquidmetal (OTCPK:LQMT +29%), which had just a $38M market cap as of Friday's close, is raising $8.4M through the sale of equity to Prof. Lugee Li, chairman and majority shareholder of EONTEC, a materials manufacturer based out of Hong Kong and with plants in China.
- The deal features "a commitment for an additional investment in the amount of $55.0 million subject to an increase in authorized shares to be approved by shareholders," as well as a cross-licensing agreement with EONTEC. EONTEC's products include bulk metallic glasses, zirconium-based amorphous alloys, and medical-grade magnesium.
- Liquidmetal: "This financing transaction and cross-licensing agreement provides us with the platform and resources necessary to establish a global market in Liquidmetal® alloy solutions and to fast-track the market development of our core offerings. With this partnership, we will extend our capabilities to significantly larger parts, as well as offering substantially lower price points for some consumer markets."
- EONTEC: "EONTEC’s capabilities complement LQMT’s focus on production of high-performance parts, allowing LQMT to address a broad range of market opportunities from automotive, medical, and industrial customers. This partnership positions LQMT well to support design and production globally at a vastly increased pace."
Tue, Jan. 19, 12:09 PM
- Medical device startup CoNextions has placed "an annual purchase order to produce a critical medical device component" with Liquidmetal (OTCPK:LQMT +4.6%). No word on the deal's dollar value.
- Liquidmetal says it was "asked to complete production tooling and initial parts against a challenging schedule." The company first announced receiving a production order from CoNextions, which claims to have developed a "breakthrough" soft tissue repair device, in October.
Sep. 17, 2015, 2:37 PM
- Liquidmetal (OTCPK:LQMT +2.5%) states the prototype parts it delivered for an earlier order have "completed validation and acceptance testing," and have led to a follow-on production order that's in the process of being fulfilled. The company adds it has received another order (its fourth to date) from a medical device firm.
- The dollar values of the orders are undisclosed. Shares are up moderately, but remain close to a 52-week low of $0.10.
- Last month: Liquidmetal announces order for prototype mold/parts
- Two months ago: Liquidmetal reports seeing 101 RFQs in Q2
Jun. 24, 2015, 3:40 PM
- Liquidmetal (OTCPK:LQMT) shares are reacting well to the company's disclosure Apple has extended its exclusive consumer electronics license for Liquidmetal's IP by another year. 13.8M shares have been traded, far above a 3-month daily average of 968K. The market cap is currently at $66.4M.
- Patently Apple, which has covered many of Apple's past Liquidmetal-related patent filings, states Liquidmetal has been used to create custom alloys for the Apple Watch.
May 5, 2015, 12:11 PM| May 5, 2015, 12:11 PM | 1 Comment
Feb. 24, 2015, 10:34 AM
- Liquidmetal (OTCQB:LQMT +9.8%) is now up 29% since Friday's close. The metal alloy developer is once again seeing big volume - 4M shares have already been traded vs. a 3-month daily average that (thanks to yesterday's volume of 24.5M) has risen to 1.6M.
- Aside from any Samsung speculation, hopes that liquidmetal could be used by Apple's rumored car project are likely helping the company's cause. The NY Post recently reported former Ford VP Steve Zadesky, believed to be heading Apple's effort, was "the sole signatory on a 2010 business contract" with Liquidmetal.
- The paper also notes Apple and Liquidmetal have filed 17 patents together, with 14 coming in the past year (previous).
Feb. 23, 2015, 6:14 PM
- Liquidmetal (OTCQB:LQMT) rose 13.9% today to $0.164. Volume (24.5M shares) was far above a 3-month daily average of 1.2M.
- The apparent trigger: Speculation that Samsung's upcoming Galaxy S6 (believed to have a metal body, expected to be revealed on March 1) will make use of liquidmetal, following a teaser video that showed liquid metal animations. Animations, of course, are an imperfect predictor of a metal alloy's use within a smartphone.
- Last May, Liquidmetal extended its exclusive license to Apple for the use of its IP within consumer electronics products. However, the extension only lasted until Feb. 5, 2015.
- Update: There's also speculation that liquidmetal could be used in Apple's rumored car.
Jan. 13, 2015, 12:21 PM
- Liquidmetal (OTCQB:LQMT) has received "a purchase order to begin manufacturing of a custom production knife" from tactical knife maker Miltner Adams. No word on the size of the contract, which is the first for a product being made in Liquidmetal's Rancho Santa Margarita production facility.
- Shares are up 25% over the last two days. They jumped yesterday following a report from BrokerBank Securities.
Jan. 12, 2015, 1:13 PM
- Minnesota broker BrokerBank Securities has issued a bullish report on Liquidmetal (OTCQB:LQMT), and declared it to be "a good company with strong underlying values."
- Investors should be aware the report is only two pages long, and arguably reads more like a penny stock newsletter than traditional sell-side research. "Given the innovative, leading, and more ready-to-go-market position of the company, the shares will likely to rise as long as the company secure a big source of revenue. LQMT is a stock with a history of highly explosive moves and shareholders are waiting for the next one. LQMT is very much alive and it’s usually just one news story or event away from record breaking volume and a parabolic move."
Dec. 5, 2014, 4:34 PM
- Liquidmetal (OTCQB:LQMT) fell 5.8% today to a new 52-week low of $0.13. The microcap is now worth $60.4M.
- Shares have gradually slumped since Liquidmetal's Nov. 12 Q3 report, in which the company reported revenue of $97K, an op. loss of $2.3M, a net loss (diminished by a warrant gain) of $1M, and a quarter-ending cash balance of $11.9M. A recently-struck financing deal with Aspire Capital allows Liquidmetal to raise $30M over the next three years through share sales.
Jul. 7, 2014, 12:20 PM
- A recent patent application (noticed last Thursday by AppleInsider) assigned to both Apple and Liquidmetal (LQMT +7.6%) covers the use of a "counter-gravity casting process" with a molten metal alloy.
- Apple argues counter-gravity (vacuum-based) casting enables higher yields and simplified molding relative to a poured casting approach. The company has filed a number of Liquidmetal-related patent applications in recent years.
- In May, Liquidmetal extended a patent exclusivity deal with Apple that covers consumer electronics products by a year.
May 9, 2014, 4:08 PM
- 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."
Feb. 14, 2014, 2:46 PM
- Liquidmetal (LQMT +40.1%) states it's launching a new alloy composition that allows its components to be made without beryllium, a rare element that can be toxic in some circumstances.
- Alloy vendor/Liquidmetal partner Materion Brush will offer the product. Liquidmetal states the alloy potentially opens "new markets where non-beryllium-containing components are preferred," such as in-body surgical devices.
- Previous: Liquidmetal higher after new Apple patent applications uncovered
Jan. 13, 2014, 3:58 PM
- MacRumors has discovered a batch of new Apple patent applications, included 17 published last Thursday, related to the use of Liquidmetal (LQMT +9.2%) alloys. The applications cover button/switch pressure sensors, tamper-resistant screws, and touch sensor substrates, among other potential use cases.
- Liquidmetal shares, which made new 52-week highs last week before retreating, have rallied again on the pink sheets. Shares also moved higher in November in response to Apple patent applications covering Liquidmetal usage.
Jul. 17, 2013, 12:34 PM
The iPhone 5S (AAPL +0.1%) will feature an "indestructible Liquidmetal case," thinks BGR's Jonathan S. Geller after analyzing previously-leaked SIM tray pictures and finding similarities with Vertu luxury phones that used the material. Liquidmetal (LQMT.OB +68.5%) shares have soared on the pink sheets thanks to the report. Geller also thinks (but doesn't elaborate as to why) the 5S might use sapphire cover glass; if true, that's a positive for GT Advanced (GTAT +0.4%), and an incremental negative for Gorilla Glass maker Corning (GLW -0.8%). Separately (take this one with a big spoonful of salt), Taiwan's Commercial Times reports the 5S may be delayed until year's end in order to support a 4.3" display.| Jul. 17, 2013, 12:34 PM | 20 Comments