LiqTech International Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $4.4 million, up 15.5% year over year
- ➤Q3 net loss widened to $1.8 million from $1.5 million
- ➤Adjusted EBITDA loss widened to $1.1 million from $0.5 million
- ➤2026 revenue guidance maintained at $20 million to $23 million
- ➤2027 pipeline supports preliminary 30% to 40% revenue growth potential
Expert Statements
Fei Chen, Chief Executive Officer of LiqTech International
“Our third-quarter results reflect continued commercial progress, with revenue increasing 15.5% year over year and sequential improvements in gross margin, net loss and Adjusted EBITDA,”
Fei Chen, Chief Executive Officer of LiqTech International
“Across 2026, we have made important advances in our core markets. In Water for Industry, an initial system for a U.S. steel manufacturer has led to a follow-on order for four additional systems, and we secured a QureFlow system order for industrial cleaning-water reuse. In Commercial Aquatics, we expanded into Finland and advanced our first U.S. commercial installation. Our DPF business has regained momentum and entered the fourth quarter with a strong order backlog. In Marine, we secured projects across iCER, EGR and scrubber applications, with deliveries of all three system types planned during 2026.”
Fei Chen, Chief Executive Officer of LiqTech International
“We are maintaining our full-year revenue guidance of $20 million to $23 million. Revenue already recognized, together with our existing orders and backlog, provides meaningful visibility into fourth-quarter activity, particularly in industrial wastewater, Marine and DPF. Realizing that potential requires disciplined execution: completing production, meeting customer acceptance milestones and delivering systems on schedule so that revenue can be recognized before year-end. We remain focused on these priorities while maintaining cost discipline.”
Fei Chen, Chief Executive Officer of LiqTech International
“Throughout 2026, we have invested in developing a more robust opportunity pipeline to strengthen commercial execution and improve revenue visibility. Based on the opportunities currently identified, we believe the pipeline supports the potential for 30% to 40% revenue growth in 2027 relative to full-year 2026. This preliminary outlook is not formal guidance; converting opportunities into orders and revenue will depend on customer decisions and execution. Our priority remains building a scalable business and progressing toward sustainable profitability.”
BALLERUP, Denmark, Nov. 12, 2026 (GLOBE NEWSWIRE) -- LiqTech International, Inc. (Nasdaq: LIQT) ("LiqTech"), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced its financial results for the third quarter of 2026.
Recent Financial Highlights * Q3 2026 revenue was $4.4 million, an increase of 15.5% compared to $3.8 million in Q3 2025. * Q3 2026 net loss was $(1.8) million, compared to $(1.5) million in Q3 2025. * Q3 2026 Adjusted EBITDA was $(1.1) million, compared to $(0.5) million in Q3 2025. * Cash and restricted cash totaled $13.9 million as of September 30, 2026, compared to $15.7 million as of June 30, 2026. The bridge loan obtained in May was fully repaid on July 22, 2026, which is reflected in the Company’s cash position as of September 30, 2026. Outlook * The Company maintains its full-year 2026 revenue guidance of $20 million to $23 million, representing approximately 21% to 39% growth year over year. Existing orders and backlog support a substantial portion of the low end of this range. Achievement of the guidance remains dependent on timely production, customer acceptance, shipment and revenue recognition. Revenue toward the upper end also depends on additional orders and project execution, including potential Water for Energy opportunities. * Looking ahead to 2027, the Company believes its opportunity pipeline supports the potential for revenue growth of 30% to 40% compared with full-year 2026 revenue. This is a preliminary growth outlook based on current opportunities, not formal 2027 financial guidance, and remains subject to order conversion and project timing. Management Commentary
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