Liquidmetal Technologies LQMT

Liquidmetal Technologies, Inc. is a materials technology and manufacturing company focused on the development and commercialization of products made from proprietary amorphous alloys and utilizing proprietary amorphous alloy manufacturing technologies. The company develops its own manufacturing capabilities through subsidiaries and collaborates with third-party manufacturing and commercial partners to bring amorphous alloy-based products to market. Liquidmetal alloys are distinguished by their random atomic structure when solidified, which provides performance and processing advantages over crystalline metals and alloys in various applications.

Liquidmetal Technologies generates revenue through the sale of components and products made from its bulk amorphous alloys, as well as through licensing agreements with strategic partners. The company's primary products include precision components for humanoid robots, medical devices, automotive systems, non-consumer electronics, and sporting goods. Revenue is derived from both direct product sales and upfront and ongoing royalty payments from licensing its intellectual property to companies in targeted industries.

The company operates through the following segments:

• Liquidmetal Golf: This segment focuses on the development, manufacturing, marketing, and sale of golf club components and other golf-related products using Liquidmetal alloy technology. Liquidmetal Golf holds an exclusive license to utilize the company's amorphous alloy technology for golf equipment applications. The segment benefits from the alloys' high strength, hardness, corrosion resistance, and elasticity, which enhance product performance in golf clubs, tennis rackets, archery equipment, and scuba gear.
• Liquidmetal Asia Holdings Limited: This segment is responsible for advancing manufacturing capabilities in Asia through joint venture initiatives. Liquidmetal Asia Holdings Limited formed a joint venture with Mr. Chong Liu to establish Hangzhou Feifeng Liquidmetal Co. Ltd., a limited liability company in the Peoples Republic of China. The joint venture is focused on developing a manufacturing facility in Hangzhou, China for the production of amorphous metal products, with Liquidmetal Asia contributing 70% ownership and $4.2 million in initial capital.

Liquidmetal Technologies occupies a niche position in the advanced materials industry, competing with high-performance alloys such as titanium and stainless steel, as well as engineering plastics and composites. The company's competitive advantage lies in the unique combination of dimensional precision, corrosion resistance, high strength-to-weight ratio, and net-shape molding capabilities of its amorphous alloys. These properties allow Liquidmetal alloys to replace traditionally machined components in applications where performance and processing efficiency are critical, particularly in medical devices and precision electronics.

Liquidmetal Technologies serves customers in the medical device, automotive, aerospace, industrial equipment, and consumer goods industries. The company has engaged in product development with partners in the non-consumer electronics sector, including aerospace components and industrial machines. During 2025, three major customers accounted for 86% of the company's revenue, with one customer representing 60% of outstanding trade accounts receivable as of December 31, 2025.