LiqTech reports Q2 EPS (41c) vs. (42c) last year

Reports Q2 revenue $4.2M vs. $4.0M last year. “We achieved continued growth during Q1, driven by delivery of our first U.S.-based, oil & gas, produced water order as part of our new distribution agreement with Razorback Direct. We believe this is a critical milestone to expand our presence in North America by showcasing the benefits of our produced water treatment solution to the oil & gas industry,” commented CEO Fei Chen. “We also received a second critical oil & gas system order with our partners at NESR in the Middle East. This order is scheduled to be delivered in June of this year and will be a key contributor to the positive sequential growth that we expect in the second quarter. As our outlook suggests, we expect to see solid growth in Q2. We have eight pool systems scheduled for delivery, with contributions from each of the distribution partners we have around the world. These orders, coupled with our Middle East oil & gas system set for delivery in June, along with an uptick in nearly each of our ‘established market’ product offerings, provide us with optimism for both Q2 and rest of the year”.