LIQTECH INTERNATIONAL INC LIQT
Nasdaq · XNAS · stock · Misc Industrial & Commercial Machinery & Equipment
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5/9
Piotroski F — financial health
-10.03
Altman Z″ — distress risk · distress
—
Dividend payout · no dividend
Financials (annual, from 10-K)
| FY | Revenue | Net income | Gross profit | Free cash flow | Equity |
|---|---|---|---|---|---|
| 2025 | $16.5M | -$8.5M | $1.3M | -$6.5M | $10.4M |
| 2024 | $14.6M | -$10.3M | $250,905 | -$8.9M | $16.7M |
| 2023 | $18.0M | -$8.6M | $2.8M | -$7.1M | $17.3M |
| 2022 | $16.0M | -$14.2M | $567,144 | -$13.7M | $23.3M |
| 2021 | $18.3M | -$11.1M | $1.6M | -$8.3M | $12.8M |
| 2020 | $22.5M | -$9.8M | $2.1M | -$6.4M | $24.8M |
Recent insider activity (Form 4)
| Insider | Role | Date | Action | Shares | Price |
|---|---|---|---|---|---|
| Bleichroeder LP | 10% owner | 2026-06-08 | J | 3,000,000 | $1.00 |
| Bleichroeder LP | 10% owner | 2026-06-05 | Buy | 700,000 | $1.00 |
| Chen Fei | Chief Executive Officer | 2026-01-03 | Tax withheld | 67,860 | $1.49 |
| Kowalczyk David | CFO and COO | 2026-01-03 | Tax withheld | 5,589 | $1.49 |
| Kowalczyk David | CFO and COO | 2025-12-19 | Grant | 94,368 | — |
| Chen Fei | Chief Executive Officer | 2025-09-12 | Tax withheld | 13,021 | $2.34 |
| BUEHLER ALEXANDER J | director | 2025-01-07 | Grant | 53,030 | — |
| Boswell Peyton | director | 2025-01-07 | Grant | 28,158 | — |
Why these scores methodology →
Piotroski F-score: 5/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -10.03 (distress)
- Working capital / assets 0.412
- Retained earnings / assets -3.475
- EBIT / assets -0.305
- Equity / liabilities 0.617
Source: SEC EDGAR filings · CIK 0001307579 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.