LQMT

Microcap Update on Liquidmetal Technologies Inc (OTCMKTS:LQMT)

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Liquidmetal Technologies Inc (OTCMKTS:LQMT) has been banging away at the $0.40-0.45 area for the past month. This is a strong bull market trend fueled by, in essence, a transition over the past 6 months toward greater independence from the pure “Apple supply chain gang” designation. LQMT has been locked in a strong pattern for most of that period. Recent commentary from management helps flesh out this picture, as it invites the public in for an open house:

“The Company has devoted much of 2017 to acquiring and building out its new manufacturing facility. Now that we are here, we are truly excited to share our continuing story as we begin manufacturing operations in our new building. I welcome our partners, shareholders and anyone interested in our technology to come join us in celebration of our accomplishments and to get a glimpse of what the future holds for Liquidmetal,” said Professor Li, Chairman and CEO.

Liquidmetal Technologies Inc (OTCMKTS:LQMT) casts itself as a materials technology company that designs, develops, and sells products and components from bulk amorphous alloys to customers in various industries. It offers components for non-consumer electronic devices, including aerospace components, defense parts, medical devices, sporting goods, leisure products, automotive components, and industrial machines.

The company also provides liquidmetal alloys for use in the aerospace, automotive, defense, medical/dental, non-consumer electronics, and sporting equipment applications; and designs and develops components for aerospace and defense customers. In addition, its products related to various medical devices include specialized blades, clamps, tissue suturing components, dental devices, and general surgery devices, as well as tissue manipulation devices and orthopedic instruments utilized for implant surgery procedures.

Further, the company sells tooling and prototyping parts, such as demonstration parts and test samples for customers with products in development; and offers product licensing services. Liquidmetal Technologies, Inc. was founded in 1987 and is based in Rancho Santa Margarita, California.

From the company’s press messaging, they frame themselves as “the leading developer of amorphous alloys 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 contrast to the crystalline atomic structure that forms in ordinary metals and alloys. Liquidmetal Technologies Inc is the first company to produce amorphous alloys in commercially viable bulk form, enabling significant improvements in products across a wide array of industries.”

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As noted above, we have been quite strong on this stock over the course of 2017. The IP is valuable in an undeniable manner, and the company is less chained to the iPhone/iPad story, which is unquestionably a positive. That said, the stock is running into resistance right now after a monumental run (about 550% over the past 18 months is certainly nothing to sneeze at).

From here, we look for some continued rangebound activity, but feel relatively confident that is not a “Christmas tree chart” in the making – in other words, the bullish trend is not going to be completely reversed. There is real growth and real value here, so long as nothing ever enters the picture that calls into question the company’s pure and unadulterated control over its own liquid metal IP.

Overall, we’ve witnessed 14% tacked on to share pricing for the company in the past month. The situation may be worth watching. LQMT has evidenced sudden upward volatility on many prior occasions. Moreover, the name has seen interest climb, with an increase in recent trading volume of a bit over 130% beyond what we have been seeing over the larger time frame.

Now commanding a market cap of $336.5M, LQMT has a significant war chest ($45.4M) of cash on the books, which must be weighed relative to virtually no total current liabilities. LQMT is pulling in trailing 12-month revenues of $384K. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 70.6%. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $LQMT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $LQMT, either long or short, and we have not been compensated for this article.