Liquidmetal Technologies Inc

Liquidmetal Technologies Inc. develops and commercializes bulk amorphous metal alloys and related components for use in customer products. The company does not sell a broad catalog of finished goods; instead, it works with customers and manufacturing partners to design, test, and produce parts that exploit the material’s strength, precision, and unique forming characteristics.

−435,8 %

29,3 %

−298,6 %

−8,8 %

8.85

8.82

— Liquidmetal Technologies Inc
%
Bulk amorphous alloys45% Proprietary metal alloys sold or supplied for use in precision components and finished goods.
Custom components and parts30% Customer-specific parts fabricated from Liquidmetal alloys for commercial applications.
Development and prototyping15% Engineering, testing, and prototype work to qualify new applications with customers.
Manufacturing services and support10% Outsourced production coordination, mold making, and alloying through third parties.

Customers are manufacturers that can incorporate Liquidmetal alloys into finished goods, often after extensive testing...

  • OEM and product manufacturersprimary

    Buy alloys and components to incorporate into branded finished goods after qualification and testing.

  • Prototype and development customersprimary

    Engage the company for early-stage design, testing, and transition from concept to production.

  • Industrial and specialty applicationssecondary

    Use the material where precision parts or unique mechanical properties justify adoption.

  • Strategic partners and joint venture counterpartiessecondary

    Support manufacturing scale-up and commercialization through production partnerships.

The company is headquartered in the United States but its manufacturing footprint and supply chain are heavily exposed...

  • •United States is the corporate base and primary reporting jurisdiction
  • •China is critical for alloying, mold making, and manufacturing capacity
  • •Hangzhou joint venture is intended to expand manufacturing capability
  • •Supply-chain concentration in China creates trade and logistics exposure
  • •Geopolitical and regulatory conditions can affect production timing

Liquidmetal’s strategy is to convert its materials science into repeatable customer programs by moving from testing to...

01
Deepen customer relationships and design winsshort-term

Revenue depends on customers adopting the alloys in finished goods and scaling those products successfully.

02
Scale manufacturing capabilitymedium-term

The company needs reliable production capacity to meet demand and convert development work into sales.

03
Broaden applications for Liquidmetal alloysmedium-term

A wider set of end uses reduces dependence on a few programs and improves commercialization potential.

The business is highly dependent on a small number of customers, long qualification cycles, and the commercial success...

high

Customer concentration

A limited number of customers generate a significant portion of revenue, so order changes have outsized impact.

Scope
Revenue and commercialization pipeline
Materiality
high
high

Long qualification and development cycles

Customers test and evaluate parts extensively before volume production, delaying revenue recognition.

Scope
Timing of sales and profitability
Materiality
high
high

Single-supplier and China manufacturing dependence

One supplier in China currently handles alloying, mold making, and manufacturing, creating disruption risk.

Scope
Cost of goods sold, shipment timing, supply continuity
Materiality
high
high

Joint venture execution risk

The Hangzhou facility may face permitting, engineering, capital, or policy delays.

Scope
Future capacity and customer fulfillment
Materiality
high
high

Persistent operating losses

The company has a long history of losses and may not achieve sustainable profitability.

Scope
Liquidity and financing needs
Materiality
high
medium

Cybersecurity and IT dependence

Operations rely on internal and third-party systems for data, reporting, and coordination.

Scope
Operational continuity and data protection
Materiality
medium
Revenue recognition timing
Can shift reported revenue materially between periods
Development and prototype cost recovery
Affects gross margin and operating loss timing
Impairment and valuation judgments
Could create non-cash charges if expected benefits do not materialize
Contingencies and commitments
Can affect liabilities and future cash requirements

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: 28/04/2026