Revenue: As of FY2025 Q3, the actual value is USD 3.807 M, missing the estimate of USD 4 M.EPS: As of FY2025 Q3, the actual value is USD -0.15, beating the estimate of USD -0.19.EBIT: As of FY2025 Q3, the actual value is USD -1.334 M.<h3>Segment Revenue</h3><ul><li>Water Segment: Revenue for the three months ended September 30, 2025 was $1,975,848, compared to $687,684 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $7,112,266, compared to $4,106,975 in 2024.</li><li>Ceramics Segment: Revenue for the three months ended September 30, 2025 was $812,246, compared to $1,077,630 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $3,065,504, compared to $4,549,104 in 2024.</li><li>Plastics Segment: Revenue for the three months ended September 30, 2025 was $1,019,180, compared to $663,198 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $3,204,534, compared to $2,492,839 in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: For the three months ended September 30, 2025, net loss was -$1,459,762, compared to -$2,840,526 for the same period in 2024. For the nine months ended September 30, 2025, net loss was -$5,978,890, compared to -$7,340,521 in 2024.</li><li>Gross Profit: For the three months ended September 30, 2025, gross profit was $747,878, compared to a gross loss of -$209,533 for the same period in 2024. For the nine months ended September 30, 2025, gross profit was $1,357,512, compared to $778,780 in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: Cash flows used in operating activities for the nine months ended September 30, 2025 were -$3,977,121, compared to -$5,528,442 for the same period in 2024.</li><li>Investing Cash Flow: Cash flows used in investing activities for the nine months ended September 30, 2025 were -$173,139, compared to -$28,767 for the same period in 2024.</li><li>Financing Cash Flow: Cash flows provided by financing activities for the nine months ended September 30, 2025 were $787,024, compared to -$125,718 for the same period in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: LiqTech International, Inc. aims to leverage its core competencies in material science and advanced filtration to penetrate attractive end markets with regulatory tailwinds and sustainability implications. The company plans to develop new products and applications to provide clean water and reduce pollution, better penetrate existing end markets, and develop new end markets for its core products and applications.</li><li>Non-Core Business: The company has established a joint venture in China to develop and commercialize systems for the marine water treatment market, reflecting its strategy to expand into new geographical markets.</li></ul><h3>Priority</h3><ul><li>The company emphasizes strategies with concrete projections, such as the development of new products and applications, and the expansion into new markets, particularly in China through its joint venture.</li></ul>

Liqtech | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 3.807 M