Denmark's LiqTech Q1 revenue falls on lower system sales

LiqTech International

13/05/2026 13:10

Overview

Denmark filtration tech firm's Q1 revenue fell 10% yr/yr on lower system sales

Company reiterated FY 2026 revenue outlook, citing growth in pool, marine, and plastics segments

Outlook

LiqTech expects FY 2026 revenue between $23 mln and $27 mln

Company expects record commercial pool revenue and continued marine system deliveries in Q2 2026

Company anticipates sustained order flow in 2026 driven by China JV and active energy pipeline

Result Drivers

WATER FOR ENERGY DELIVERY - Revenue decline attributed to lack of a significant Water for Energy system sale that occurred in Q1 2025

SEGMENT GROWTH - Sales to Commercial Pool, Marine, DPF and Membrane, and Plastics segments increased, offsetting some of the decline

IMPROVED GROSS MARGIN - Gross profit margin rose due to favorable sales mix, better manufacturing utilization, procurement effects, and lower depreciation

Company press release: ID:nGNX4fPfTG

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$4.10 mln
Q1 EPS
-$0.28
Q1 Gross Profit
$400,000
Q1 Operating Expenses
$2.70 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the environmental services & equipment peer group is "buy"

Wall Street's median 12-month price target for LiqTech International Inc is $4.30, about 91.1% above its May 12 closing price of $2.25

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)