LiqTech International sinks on lower 2022 revenue forecast

LiqTech International

24/03/2022 17:03

** Shares of LiqTech International  LIQT.O  fall as much as
37.6% to a more than three-year low of $2.90     
    ** Co, which manufactures specialized filtration and
purification systems, slashes FY 2022 revenue forecast to $25
mln to $30 mln from its November guidance of $50 mln to $80 mln 
    ** LIQT blames geopolitical tensions, supply chain
disruptions and sustained inflation for reduction in forecast
 urn:newsml:reuters.com:*:nPn3C56Ba
    ** Also reports a 19% fall in Q4 revenue due to a drop in
sales of liquid filters and wash water filtration systems for
the marine scrubber industry
    ** Stock last down 36.7% and is among biggest Nasdaq-listed
pct losers; Set for fifth straight session of losses 
    ** LIQT down more than 66% in last 12 months

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223
8780; Twitter: https://twitter.com/sampath_uday  ;))