Liquidmetal Technologies, Inc. (OTC:LQMT) has traded as high as $.539 during today’s trading session and last traded at $.533 for a gain of 14.13% from yesterday’s close and 71.93% from my 3.7 alert! LQMT shares have traded as high as $.6349 over the past few weeks, which is 16.04% off that high at last traded stock price.
Liquidmetal Technologies announced its financial results for the three months ended and year ended December 31, 2011 on March 30. The Company reported revenues of $0.25 million and $1 million for the fourth quarter ended and year ended December 31, 2011, respectively. Furthermore, the Company closed out the fourth quarter with an operating loss of $1.7 million and $6.5 million for the year end. Get my next ALERT 100% FREE
Mr. Tom Steipp, President and CEO, commented, “Liquidmetal Technologies has reached an important milestone enabling it to realize the benefits of its partner relationships. By the end of 2011, we are now able to source alloy feedstock from Materion, process our alloys using next generation molding machines from Engel and manufacture commercial parts at our contract manufacturer, Visser Precision Cast. Looking forward, we will be working with our partners to scale up these production capabilities while engaging with customers in aerospace, medical, sporting goods and other industries.”
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