On November 9, Liqtech International (stock code: LIQT) announced financial results. The announcement showed that the company's third quarter of fiscal 2020 (cumulative) net profit attributable to the parent company's common shareholders was -6,133,700 dollars, a year-on-year decrease of 832.48%; operating revenue was $18,467,100, down 30.03% year over year.
Liqtech International, Inc. was incorporated in the State of Nevada on July 1, 2004, formerly known as Blue Moose Media, Inc. The COMPANY IS a CLEAN TECHNOLOGY COMPANY PROVIDING FIRST class purification technology for gas and liquid purification through the production of silicon carbide foam filter. For more than ten years, the company has developed and manufactured recrystallized silicon carbide products. The COMPANY IS mainly ENGAGED in three aspects: liquid filter ceramic film, diesel particulate filter to control diesel fume emission, refractory industrial kiln furniture. Using nanotechnology, the company has developed proprietary products using patented silicon carbide technology with distinct silicon carbide films that improve existing technologies and facilitate current applications.