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Liquidmetal Technologies, Inc.: Emerging From A Period Of Transition
- LQMT has promising technology that could change the materials landscape in the 21st century.
- The company has had to transition from an IP holding company to a commercially viable business.
- The management team at LQMT has done a good job of steering this company into a positive trajectory and set themselves up well for outsized returns.
New Developments In My Long Case For Liquidmetal Technologies
- There are similarities between Liquidmetal Technologies and Plug Power.
- Insider buying and the 20 million dollar credit line.
- Breaking down the Apple Master Transaction Agreement and potential future revenue from Apple.
- Catalysts: Lockheed Martin, iGolf, and the medical device industry.
- Will Apple buy Liquidmetal Technologies?
Liquidmetal: What's An Apple Contract Really Worth?
Fri, Dec. 5, 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.
Tue, Sep. 30, 5:40 PM
- Liquidmetal's (OTCQB:LQMT +2.3%) royalty-bearing watch exclusivity deal with Swatch could prove a hurdle for the company now that Apple (its other big exclusive licensee) has entered the watch market, Bloomberg observes.
- Analyst Rene Weber: "I suspect a third-party company would have to come to a legal agreement with Liquidmetal and Swatch before it could use Liquidmetal technology for a watch. For his part, Swatch CEO Nick Hayek calls Liquidmetal "ideal for watches because the alloy is extremely durable, flexible, and much harder than steel."
- While Swatch has used Liquidmetal in some products (and plans to use it in more), Apple doesn't appear to have done the same, in spite of having made many patent filings related to the technology. Liquidmetal's shares dove following Apple's Sep. 9 event, after the company failed to mention Liquidmetal during the event.
Mon, Jul. 7, 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.
Wed, May. 21, 6:27 PM
- A deal that gave Apple (AAPL) an exclusive license for consumer electronics products to any IP acquired or developed by Liquidmetal (LQMT) from Aug. 5, 2010 to Feb. 5, 2014 has been amended to extend its coverage date to Feb. 5, 2015. (8-K)
- Financial terms aren't disclosed. The full text of the agreement will be filed with Liquidmetal's next 10-Q.
- Apple has filed plenty of patent applications over the years related to Liquidmetal. That, in turn, has fueled much speculation about which current and future products use the technology.
- Yesterday: Liquidmetal amends sub-license deal with Visser Precision
Tue, May. 20, 4:58 PM
- Liquidmetal's (LQMT) amended sub-license agreement with Visser Precision free the former from its commitment to use Visser as its exclusive contract manufacturer, and frees the latter from having to use Liquidmetal as its exclusive sales/R&D channel.
- The company have also "agreed to dismiss their private arbitration and have settled and released all claims and disputes between them."
- Liquidmetal asserts the deal will allow it to "enter into contracts with other manufacturers to serve a broad array of specialized industries and geographies." Visser will maintain "a license to the full portfolio of technology developed by Liquidmetal that exists as of the date of the agreement."
- Previous: Liquidmetal falls after posting Q1 results
Fri, May. 9, 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."
Fri, Feb. 14, 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
Mon, Jan. 13, 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.
Nov. 21, 2013, 11:57 AM
- The USPTO has published five Apple patent applications related to the use of liquidmetal. Two of the patents are related to the use of 3D printing to create liquidmetal parts.
- Liquidmetal (LQMT +6.4%) shares, which have closed unchanged for the last eight trading days, are up by a penny today. They rallied earlier this month after Patently Apple argued the iPhone 5S makes use of liquidmetal.
Nov. 7, 2013, 1:00 PM
- After analyzing newly-published European Apple (AAPL) patents, Patently Apple believes the iPhone 5S makes use of Liquidmetal (LQMT).
- The site points out he patents describe the use of a metal alloy for a hardware assembly resembling current iPhones, and that drawings spell out "the process of using Liquidmetal for the current iPhone with its classic metal bezel antenna."
- Patently Apple also thinks a patent diagram suggests Liquidmetal could be used in a future iPad Smart Cover featuring a large window through which users can see the display.
- BGR predicted the 5S will make use of Liquidmetal in July. Liquidmetal shares have generally been trading in a narrow range over the last few months, after taking off in response to BGR's report.
Jul. 17, 2013, 12:34 PMThe 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. | 20 Comments
Apr. 4, 2013, 12:57 PMLiquidmetal Technologies (LQMT.OB +13.4%) spikes midday after saying it delivered five new prototypes to five different customers in Q1, representing a 67% Y/Y increase. The company also says more of its active prototypes are being evaluated by customers and notes it is making inroads in the oil and gas industry. | Comment!
Jun. 18, 2012, 4:34 PMLiquidmetal Technologies (LQMT.OB) and Apple (AAPL) have agreed to extend a technology licensing agreement between the companies to Feb. 5, 2014. The original agreement, signed in 2010 and good through Feb. 2012, gave Apple exclusive rights to the use of a Liquidmetal alloy within consumer electronics gear. In May, SA's Jeff Newman discussed the potential benefits Liquidmetal's technology could provide for Apple products. | 3 Comments
Apr. 18, 2012, 1:46 PMMicrocap Liquidmetal Technologies (LQMT.OB +32%) soars on a rumor from Korea IT News that the next iPhone (AAPL) will make use of "liquid metal." However, AppleInsider is skeptical of the report given it also claims the next iPhone is expected to be announced in June instead of this fall. Liquidmetal, which sold Apple exclusive rights to a metal alloy in 2010, jumped in March on hopes of iPad-related sales. | 5 Comments
LQMT vs. ETF Alternatives
Liquidmetal Technologies is the leading developer of bulk alloys and composites that utilize the performance advantages offered by amorphous alloy technology. Amorphous alloys are unique materials that are distinguished by their ability to retain a random structure when they solidify, in... More
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