Liqtech International, Inc. (LIQT): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico do tratamento de água industrial, a Liqtech International, Inc. (LIQT) surge como uma potência tecnológica, revolucionando as soluções de filtração por meio de sua inovadora tecnologia de membrana de cerâmica. Ao misturar estrategicamente engenharia de ponta, práticas sustentáveis ​​e aplicações industriais direcionadas, a empresa esculpiu um nicho único na solução de desafios complexos de purificação de água em vários setores-de petróleo e gás à fabricação de semicondutores. Sua abrangente modelo de negócios Canvas revela uma abordagem sofisticada que transforma o tratamento de água de uma mera necessidade operacional em uma vantagem competitiva estratégica.

Liqtech International, Inc. (LIQT) - Modelo de negócios: Parcerias -chave

Parcerias estratégicas com empresas industriais de tratamento de água

A Liqtech International estabeleceu parcerias críticas com as seguintes empresas de tratamento de água industrial:

Empresa parceira	Foco em parceria	Ano estabelecido
VEOLIA TECHNOLOGIAS DE ÁGUA	Soluções de filtração de membrana de carboneto de silício	2019
Suez Water Technologies	Sistemas avançados de tratamento de água	2020

Colaboração com instituições de pesquisa de tecnologia ambiental

A Liqtech mantém colaborações de pesquisa com organizações acadêmicas e de pesquisa:

• Universidade Técnica da Dinamarca
• Departamento de Engenharia Ambiental da Universidade de Stanford
• Laboratório Nacional de Energia Renovável (NREL)

Joint ventures com fabricantes de equipamentos de filtragem

As parcerias de joint venture da Liqtech incluem:

Fabricante	Detalhes da joint venture	Valor do investimento
Alfa Laval	Desenvolvimento de Tecnologia de Filtração Industrial	US $ 2,5 milhões
Parker Hannifin Corporation	Integração do sistema de filtração de membrana	US $ 1,8 milhão

Acordos de licenciamento com provedores globais de tecnologia de água

A Liqtech garantiu acordos de licenciamento com:

• Xylem Inc.
• Soluções de água Pentair
• Água GE & Tecnologias de processo

Receita total de parceria e licenciamento para 2023: US $ 7,3 milhões

Liqtech International, Inc. (LIQT) - Modelo de negócios: Atividades -chave

Projetar e fabricar sistemas de filtragem de membrana cerâmica

A Liqtech International produz sistemas de filtração de membrana cerâmica com as seguintes especificações de fabricação:

Tipo de membrana	Capacidade de produção anual	Composição do material
Membranas de carboneto de silício	5.000 unidades/ano	99,5% de material de cerâmica pura
Membranas de filtragem de água industrial	3.500 unidades/ano	Composição avançada de carboneto de silício

Pesquisa e desenvolvimento de tecnologias avançadas de purificação de água

Áreas de investimento e foco de P&D:

• Despesas anuais de P&D: US $ 2,3 milhões
• 5 laboratórios de pesquisa dedicados
• 12 Projetos de pesquisa ativos em tecnologias de purificação de água
• 3 pedidos de patente pendente em filtração de membrana

Engenharia personalizada de soluções industriais de tratamento de água

Segmento da indústria	Soluções personalizadas oferecidas	Valor médio do projeto
Óleo & Gás	Produzido tratamento de água	US $ 750.000 - US $ 1,5 milhão
Geração de energia	Filtração de água de resfriamento	$ 500.000 - US $ 1,2 milhão
Mineração	Processar purificação de água	$ 650.000 - US $ 1,3 milhão

Vendas e marketing global de tecnologias de filtragem de água

Métricas de penetração no mercado global:

• Presença de vendas ativa em 22 países
• Receita internacional: US $ 24,6 milhões (2023)
• 4 regiões de vendas dedicadas: América do Norte, Europa, Ásia-Pacífico, Oriente Médio
• Orçamento de marketing: US $ 1,7 milhão anualmente

Liqtech International, Inc. (LIQT) - Modelo de negócios: Recursos -chave

Tecnologia de membrana cerâmica proprietária

Liqtech International detém 7 patentes de membrana cerâmica central A partir de 2023. A tecnologia de membrana cerâmica da empresa foi desenvolvida para várias aplicações industriais, incluindo:

• Filtros de partículas diesel
• Sistemas de filtração de água
• Processos de Separação de Líquidos Industriais

Categoria de patentes	Número de patentes	Foco em tecnologia
Tecnologia de núcleo de membrana cerâmica	7	Filtração industrial
Processo de fabricação	3	Técnicas de produção

Engenharia especializada e especialização técnica

Liqtech emprega 48 Profissionais de Engenharia e Técnico A partir do quarto trimestre 2023, com uma experiência média do setor de 12,5 anos.

Instalações de fabricação avançadas

A empresa opera 2 instalações de fabricação primárias:

• Facilidade de fabricação da Dinamarca: 15.000 pés quadrados
• Facilidade de fabricação dos Estados Unidos: 10.000 pés quadrados

Portfólio de propriedade intelectual

Portfólio de propriedade intelectual total avaliada em US $ 6,3 milhões em 31 de dezembro de 2023.

Equipe de pesquisa e desenvolvimento qualificada

Composição da equipe de P&D:

• Pessoal total de P&D: 22
• Doutores de doutorado: 7
• Investimento anual de P&D: US $ 2,1 milhões

Métrica de P&D	2023 valor
Pessoal total de P&D	22
Investimento anual de P&D	US $ 2,1 milhões
Aplicações de patentes	2 pendente

Liqtech International, Inc. (LIQT) - Modelo de negócios: proposições de valor

Soluções de filtragem de água de alto desempenho para aplicações industriais

A Liqtech International fornece tecnologias de filtragem de membrana cerâmica com as seguintes especificações:

Tipo de tecnologia	Capacidade de filtração	Aplicações industriais
Filtração da membrana de cerâmica	Até 500 m³/dia	Óleo & Gás, geração de energia, tratamento de águas residuais

Tecnologias de tratamento de água sustentável e ambientalmente amigável

Métricas de desempenho ambiental para soluções de tratamento de água da Liqtech:

• Redução do desperdício de água em até 95%
• Redução da pegada de carbono de aproximadamente 40% em comparação com os métodos tradicionais de filtração
• Capacidades de descarga líquida zero em vários processos industriais

Custos operacionais reduzidos por meio de sistemas de filtragem eficientes

Parâmetro de redução de custos	Economia percentual
Despesas operacionais	25-35%
Custos de manutenção	20-30%

Tecnologias de membrana personalizáveis ​​para diversas necessidades industriais

A Liqtech oferece soluções de membrana em vários setores industriais com recursos específicos de personalização:

• Óleo & Filtração da membrana da indústria a gás
• Sistemas de tratamento de água de geração de energia
• Soluções industriais de gerenciamento de águas residuais

Soluções aprimoradas de qualidade da água e conformidade ambiental

As métricas de conformidade e qualidade das tecnologias de tratamento de água da Liqtech:

Padrão de conformidade	Nível de desempenho
Regulamentos de qualidade da água da EPA	100% de conformidade
Padrões ambientais internacionais	Certificado ISO 14001

Liqtech International, Inc. (LIQT) - Modelo de negócios: Relacionamentos do cliente

Suporte de vendas diretas e consulta técnica

A Liqtech International fornece suporte direto às vendas por meio de sua equipe especializada, com foco no tratamento de água e nas tecnologias de controle de emissões. A partir de 2023, a Companhia relatou 37 pessoas dedicadas de vendas e suporte técnico nos mercados globais.

Categoria de suporte ao cliente	Número de pessoal	Cobertura geográfica
Suporte técnico de tratamento de água	22	América do Norte, Europa
Consulta técnica de controle de emissão	15	Mercados globais

Acordos de serviço e manutenção de longo prazo

A Liqtech oferece contratos de serviço abrangentes com uma duração média de 3-5 anos. Em 2023, a empresa manteve acordos de serviço com 64 clientes industriais em vários setores.

• Valor típico do contrato de serviço: US $ 75.000 - US $ 250.000 anualmente
• Taxa de renovação: 87% a partir de 2023
• Setores cobertos: industrial, marinho, energia

Treinamento do cliente e suporte de implementação técnica

A empresa fornece programas de treinamento personalizados Para clientes que implementam suas soluções tecnológicas. Em 2023, a Liqtech conduziu 42 sessões abrangentes de treinamento em todo o mundo.

Tipo de treinamento	Número de sessões	Contagem de participantes
Treinamento técnico no local	28	312 participantes
Workshops de implementação virtual	14	186 participantes

Plataformas de recursos técnicos online

A Liqtech mantém plataformas digitais que fornecem documentação técnica e recursos de suporte. Em 2023, seu portal on -line registrou 7.823 registros de usuário exclusivos.

• Categorias de recursos digitais: manuais técnicos, guias de implementação, documentação de solução de problemas
• Acesso médio mensal da plataforma: 1.247 usuários únicos
• Tempo de resposta para consultas técnicas on -line: dentro de 24 horas

Soluções de engenharia personalizadas

A empresa oferece soluções de engenharia personalizadas, com foco nas tecnologias personalizadas de filtração e controle de emissões. Em 2023, a Liqtech desenvolveu 18 projetos de engenharia personalizados para requisitos específicos do cliente.

Categoria de solução	Projetos personalizados	Valor médio do projeto
Sistemas de filtração de água	11	$420,000
Tecnologias de controle de emissões	7	$585,000

Liqtech International, Inc. (LIQT) - Modelo de negócios: canais

Equipe de vendas direta direcionando mercados industriais

A Liqtech International mantém uma equipe de vendas direta especializada focada nos mercados industriais. A partir de 2023, a empresa relatou 18 representantes de vendas diretas cobrindo várias regiões globais.

Região de vendas	Número de representantes	Indústrias -alvo
América do Norte	7	Filtração industrial, tratamento de água
Europa	6	Exaustão marinha, processos industriais
Ásia-Pacífico	5	Geração de energia, fabricação

Rede de distribuição global

A LiqTech opera uma rede estratégica de distribuição global com 12 principais parceiros internacionais a partir de 2023.

• Parceiros de distribuição em 8 países
• Cobertura em toda a América do Norte, Europa, Ásia e Oriente Médio
• Especializado em Filtração Industrial e Tecnologias de Limpeza de Exaustão

Plataforma de vendas on -line

A plataforma de vendas digitais da empresa gerou US $ 3,2 milhões em receita on -line direta em 2023, representando 12% do total de vendas da empresa.

Feiras e conferências do setor

A Liqtech participou de 17 feiras internacionais em 2023, com um investimento total de US $ 425.000 em despesas de exposição e conferência.

Tipo de conferência	Número de eventos	Investimento total
Filtração industrial	8	$195,000
Tecnologia marinha	5	$135,000
Tratamento de água	4	$95,000

Marketing digital e apresentações técnicas

As despesas de marketing digital em 2023 totalizaram US $ 275.000, com Métricas principais de desempenho:

• Alcance de marketing do LinkedIn: 125.000 profissionais industriais
• Participantes do webinar técnico: 1.450
• Taxa de engajamento de conteúdo digital: 4,3%

Liqtech International, Inc. (LIQT) - Modelo de negócios: segmentos de clientes

Instalações de tratamento de água industrial

A Liqtech International serve instalações de tratamento de água industrial com tecnologias de filtragem especializadas.

Segmento de mercado	Tamanho anual estimado do mercado	Penetração do mercado de Liqtech
Grandes estações de tratamento de água industrial	US $ 12,3 bilhões	3.2%
Instalações de tratamento em escala média	US $ 5,7 bilhões	2.8%

Indústria de petróleo e gás

A Liqtech fornece soluções avançadas de filtragem para o gerenciamento de água do setor de petróleo e gás.

• Mercado endereçável total: US $ 4,6 bilhões
• Segmento de tratamento de água para perfuração offshore: US $ 1,2 bilhão
• Mercado de gerenciamento de água produzido: US $ 2,8 bilhões

Empresas de aquicultura e processamento de alimentos

A Liqtech tem como alvo tecnologias de filtragem de água para setores de aquicultura e processamento de alimentos.

Segmento	Valor de mercado	Taxa de crescimento
Tratamento da água da aquicultura	US $ 3,4 bilhões	6.5%
Filtração de água de processamento de alimentos	US $ 2,9 bilhões	4.7%

Fabricantes de semicondutores e eletrônicos

A LiqTech fornece tecnologias especializadas em membrana de cerâmica para requisitos de água de alta pureza.

• Mercado total de tratamento de água semicondutores: US $ 6,7 bilhões
• Segmento de filtragem de alta precisão: US $ 1,5 bilhão
• Investimento médio do cliente por instalação: US $ 2,3 milhões

Empresas de engenharia ambiental

A Liqtech apoia empresas de engenharia ambiental com soluções avançadas de tratamento de água.

Segmento ambiental	Tamanho de mercado	Relevância da solução de liqtech
Tratamento de água municipal	US $ 8,9 bilhões	4.1%
Reabilitação de águas residuais	US $ 3,6 bilhões	3.7%

Liqtech International, Inc. (LIQT) - Modelo de negócios: estrutura de custos

Investimentos de pesquisa e desenvolvimento

Para o ano fiscal de 2023, a Liqtech International registrou despesas de P&D de US $ 4,2 milhões, representando 15,3% da receita total. Os investimentos em P&D da empresa se concentram em tecnologias avançadas de filtração e soluções de tratamento de água.

Ano fiscal	Despesas de P&D	Porcentagem de receita
2023	$4,200,000	15.3%
2022	$3,850,000	14.7%

Despesas de fabricação e produção

Os custos de fabricação da LIQTech International em 2023 totalizaram aproximadamente US $ 8,6 milhões, com as principais instalações de produção localizadas na Dinamarca e nos Estados Unidos.

• Custos de mão de obra de fabricação direta: US $ 2,3 milhões
• Despesas de matéria -prima: US $ 4,5 milhões
• Mercancada de fabricação: US $ 1,8 milhão

Operações globais de vendas e marketing

As despesas de vendas e marketing de 2023 foram de US $ 5,7 milhões, cobrindo estratégias globais de expansão do mercado e aquisição de clientes.

Região geográfica	Gastos com marketing	Tamanho da equipe de vendas
América do Norte	$2,100,000	18 funcionários
Europa	$1,800,000	15 funcionários
Ásia-Pacífico	$1,200,000	12 funcionários

Manutenção da propriedade intelectual

Os custos anuais de manutenção da propriedade intelectual foram de US $ 650.000 em 2023, cobrindo arquivamento de patentes, renovação e proteção de inovações em tecnologia de filtração.

Suporte técnico e infraestrutura de serviço

O suporte técnico e as despesas de infraestrutura de serviço em 2023 totalizaram US $ 3,4 milhões, garantindo suporte abrangente ao cliente em mercados globais.

• Pessoal de suporte ao cliente: 45 funcionários
• Programas de treinamento técnico: US $ 250.000
• Tecnologia de infraestrutura de suporte: US $ 600.000

Liqtech International, Inc. (LIQT) - Modelo de negócios: fluxos de receita

Vendas de produtos de sistemas de membrana cerâmica

Para o ano fiscal de 2023, a LIQTech International registrou vendas totais de produtos de US $ 21,3 milhões, com sistemas de membrana de cerâmica representando uma parcela significativa dessa receita.

Categoria de produto	Receita (2023)	Porcentagem de vendas totais
Sistemas de membrana de cerâmica	US $ 15,7 milhões	73.7%
Sistemas de filtragem industrial	US $ 5,6 milhões	26.3%

Licenciamento de tecnologias de filtragem proprietárias

Em 2023, a Liqtech gerou US $ 2,1 milhões em acordos de licenciamento de tecnologia em vários setores industriais.

• Licenciamento do setor de energia: US $ 850.000
• Licenciamento de tecnologia de tratamento de água: US $ 750.000
• Licenciamento de Processo Industrial: US $ 500.000

Taxas de serviço de engenharia personalizadas

Os serviços de engenharia personalizados contribuíram com US $ 3,5 milhões para a receita da empresa em 2023.

Tipo de serviço de engenharia	Receita
Projeto do sistema de filtração	US $ 1,8 milhão
Consultoria de otimização de processos	US $ 1,2 milhão
Desenvolvimento de soluções personalizadas	$500,000

Contratos contínuos de manutenção e apoio

Os contratos de manutenção e apoio geraram US $ 4,2 milhões em receita recorrente para 2023.

• Contratos anuais de manutenção: US $ 2,6 milhões
• Acordos de suporte técnico: US $ 1,6 milhão

Serviços de consulta técnica

Os serviços de consulta técnica foram responsáveis ​​por US $ 1,9 milhão em receita durante o ano fiscal de 2023.

Categoria de consulta	Receita	Taxa horária média
Consultoria de filtragem industrial	US $ 1,2 milhão	US $ 350/hora
Consultoria de conformidade ambiental	$700,000	US $ 275/hora

LiqTech International, Inc. (LIQT) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose LiqTech International, Inc. over other options. It boils down to material science superiority and proven operational results, especially in tough environments.

Superior filtration for aggressive liquids (high solids, oil, heavy metals)

LiqTech International, Inc.'s ceramic silicon carbide (SiC) membranes are engineered to outperform both polymer and other ceramic membranes when dealing with aggressive liquids. This includes water containing high solid particles, heavy metals, oil, greasy substances, and bacteria. The material science is the differentiator here.

Extreme durability: chemically inert and thermally resistant

The proprietary SiC technology delivers outstanding durability. The membranes can stand for a wide pH range and high temperatures, making them suitable for applications where other materials fail. This resilience translates directly into longer service intervals and lower maintenance for the end-user.

Environmental benefits: water and energy reduction in pool systems

The company's ClariFlow filtration system is gaining traction in the commercial swimming pool vertical, which achieved its highest quarterly revenue to date in Q3 2025. This success is fueled by the system offering a compelling alternative to traditional media filtration. While the exact percentage savings are application-specific, the market interest is strong, evidenced by pool system revenue reaching $1.0 million in Q3 2025, including one order valued at over $500,000.

Turnkey system solutions integrating membrane and system design for optimal performance

LiqTech International, Inc. doesn't just sell components; they offer unique, modular designed filtration solutions. They combine their SiC liquid membrane technology with extensive systems design experience to offer complete systems that guarantee regulatory adherence and streamline operations. This integrated approach is driving significant financial momentum.

Here's a quick look at the financial context supporting the market adoption of these solutions as of late 2025:

Metric	Value (Q3 2025)	Comparison/Context
Total Revenue	$3.8 million	54% increase from $2.5 million in Q3 2024
Pool System Revenue	$1.0 million	Fueled by multiple large orders, one over $500,000
Ending Cash Balance	$7.3 million	As of September 30, 2025
Full Year 2025 Revenue Expectation	Between $18.0 million and $19.0 million	Represents 23% to 30% increase from full year 2024

High-efficiency control of diesel exhaust soot emissions via DPFs

For emission control, LiqTech International, Inc. utilizes its silicon carbide Diesel Particulate Filters (DPFs) with a proprietary nano wash coat. This technology is especially effective for vehicles producing a high soot load. The optimized coatability aids continuous soot combustion, which helps maintain low back pressure by reducing emissions by up to 99.96%. This technology has a proven track record, having been used to retrofit more than 2,000,000 large vehicles globally.

The value proposition for DPFs is clear:

• Reduces emissions by up to 99.96%.
• SiC DPF filters handle higher soot loads than non-SiC filters.
• Filter life should last as long as the vehicle's engine if maintained correctly.
• Over 2,000,000 large vehicles retrofitted with DPFs.

Finance: draft 13-week cash view by Friday.

LiqTech International, Inc. (LIQT) - Canvas Business Model: Customer Relationships

You're looking at how LiqTech International, Inc. (LIQT) structures its interactions with customers as of late 2025, which clearly splits between high-touch system sales and more standardized product transactions.

Dedicated sales and engineering teams for direct customer engagement

For complex, large-scale system sales, particularly in the critical marine sector in China, LiqTech International, Inc. has established direct, specialized support. Following the official opening of the joint venture with Jiangsu JiTRI Marine Equipment Co., Ltd. in April 2025, the company immediately deployed resources. Specifically, as of the April 2025 fireside chat, LiqTech International, Inc. already had a dedicated sales and engineering team in China actively working on the marine water treatment area.

Long-term pilot programs and rental-based agreements for industrial customers

The approach for large industrial clients involves proving the technology through extended trials, which often convert into recurring revenue streams. For example, in Q1 2025, multiple pilot units were operational, including one with a leading integrated energy company for oil and gas water treatment. These rental-based agreements were extended with expanded scopes, directly contributing to expected revenue growth in Q2 2025. Furthermore, the pilot unit at that influential energy company successfully completed its testing, leading to approval for commercial application of their ultrafiltration solution, a key conversion metric.

The engagement model is clearly phased, moving from testing to deployment. For instance, a pilot unit was delivered to Razorback Direct during Q2 2025 for customer testing outside the traditional oil and gas sector.

Aftersales support and framework agreements, especially for the marine sector

Securing long-term support structures is vital for maintaining system uptime and securing recurring revenue, especially in regulated sectors like marine. LiqTech International, Inc. enhanced this area significantly in 2025. In Q1 2025, a new China-based framework agreement was entered into for aftersales support. This directly impacted performance, as Q3 2025 reported that aftermarket marine sales performance improved, driven by this new agreement. Further cementing this commitment, in November 2025, LiqTech International, Inc. announced the completion of a Regional Spare Parts Warehouse in China, alongside breaking ground on a Marine-focused R&D Test Center and Localization Facility.

Direct service for system commissioning and operational optimization

For major system installations, direct involvement in setup and optimization is a core customer relationship activity. This is evident in the delivery of complex systems. In Q3 2025, the company completed the successful delivery and commissioning of an advanced membrane-based filtration system to treat oily wastewater for NorthStar BlueScope Steel, a major U.S.-based steel producer. This service component is bundled with the system sale.

Transactional sales for standardized products like DPFs and plastics

A significant portion of LiqTech International, Inc.'s revenue comes from more straightforward, transactional sales of standardized components and products. The company expects full year 2025 revenue to be between $18.0 million and $19.0 million. The Q3 2025 revenue breakdown clearly shows the mix between systems and transactional components:

Revenue Category (Q3 2025)	Amount (USD)
Water system sales and related services	$2.0 million
Plastics revenue	$1.0 million
DPF and ceramic membrane sales	$0.8 million

The plastics segment showed strong growth, with Q3 2025 plastics revenue at $1.0 million, up 54% year-over-year. The swimming pool segment, which involves system sales, also saw a major transactional win in Q3 2025 with one order valued at over $500,000, following the delivery of 6 systems in Q2 2025 totaling nearly $800,000 in revenue.

The relationship structure supports different revenue types:

• Direct sales/engineering for large, customized systems.
• Extended rental/pilot agreements for industrial validation.
• Framework agreements for reliable aftermarket marine support.
• Direct commissioning service for complex water treatment plants.
• Transactional sales for high-volume, standardized DPFs and plastics.

The company's ending cash balance on September 30, 2025, was $7.3 million, which reflects the ongoing investment required to support these varied customer engagement models.

LiqTech International, Inc. (LIQT) - Canvas Business Model: Channels

You're looking at how LiqTech International, Inc. gets its specialized filtration technology into the hands of customers as of late 2025. The channel strategy mixes direct, high-value sales with structured partnerships for broader market access. For context, the full-year 2025 revenue projection sits between $18,000,000 and $19,000,000, with the breakeven target on an adjusted EBITDA basis being quarterly revenue of approximately $6,000,000.

Direct Sales Force for Large Industrial and Energy System Orders

The direct sales force targets the largest system orders, often in industrial and energy verticals. This channel delivered significant results in Q3 2025, where total water system revenue hit $2.0 million, representing a massive 187% year-over-year increase. This revenue stream was fueled by multiple swimming pool orders and the delivery of a system for oily wastewater treatment to NorthStar BlueScope Steel, a major U.S.-based steel producer. One of the largest pool system orders to date was valued at over $500,000. Furthermore, pilot programs are running, including agreements for lithium brine production pretreatment in the U.S. and oil/gas water treatment with a leading integrated energy company, both of which were recently extended with expanded scopes contributing to expected Q2 2025 revenue growth.

Joint Venture (JV) Structure for Market Penetration in China (e.g., Marine)

Market penetration in China, particularly for marine applications, relies heavily on the Joint Venture structure. The JV, Nantong JiTRI LiqTech Green Energy Technology Co., Ltd., officially opened its doors on April 14, 2025, with Jiangsu JiTRI Marine Equipment Co., Ltd.. The primary focus is developing and commercializing systems for the marine water treatment market in China. This channel secured its first commercial wins in Q3 2025, receiving the first two orders for marine dual-fuel engine water treatment systems, totaling three units. Strategically, the JV is also localizing production to reduce dependency on European imports and has established a regional warehouse for spare parts. Costs associated with this new JV partially offset a decrease in selling expenses, which were down 12.6% in Q3 2025 compared to the prior year.

Regional Distributors for Specific Markets

Regional distributors handle specific market segments, providing localized reach. A key example is the North American energy sector, where LiqTech International, Inc. shipped a record commercial order from Razorback Direct in Q1 2025 for its PureFlow™ mobile units. The Q1 2025 revenue of $4.6 million was partly attributable to this order. The company is also focused on aftersales support through partnerships, such as the one with Dan Marine Group (DMG) to service existing marine installations in China with fast spare parts delivery.

Here's a look at how the revenue streams broke down in Q3 2025, which reflects the output from these various channels:

Revenue Segment	Q3 2025 Amount	Year-over-Year Change (Q3 2024 vs Q3 2025)
Water System Sales & Related Services	$2,000,000	Increase (nearly triple)
Plastic Revenue	$1,000,000	Growth of 54%
CPF and Ceramic Membrane Sales	$800,000	Down from $1,100,000

Aftermarket Sales Channel for Replacement Membranes and Parts

The aftermarket channel supports existing installations, providing recurring revenue from consumables and service. This channel saw activity in Q3 2025, as the revenue increase was explicitly attributed to an increase in aftermarket sales, alongside pool system deliveries. In Q1 2025, aftermarket sales were reported as being 'on par' with the prior year. The strategic establishment of a regional spare parts warehouse by the China JV also signals an effort to bolster this channel for the marine segment in that region.

Webcast and Investor Relations for Financial Communication

For financial communication, LiqTech International, Inc. utilizes public webcasts and its Investor Relations portal. The Q3 2025 Financial Results Conference Call was held on November 13, 2025. The company provided guidance for Q4 2025 revenue to be between $4.6 million and $5.6 million. You can find official disclosures and past webcasts on the company's website.

Key investor communication touchpoints include:

• Investor Relations Website: https://www.liqtech.com/investor-relations/
• Q1 2025 Webcast Access Point: https://app.webinar.net/roA9QlO420D
• Q3 2025 Net Loss: $(1.5) million, an improvement from $(2.8) million in Q3 2024
• Cash on Hand (Sep 30, 2025): $7.3 million

Finance: review the impact of the two delayed system orders (shifted from Q4 2025 to Q1 2026) on the Q4 2025 revenue projection by Wednesday.

LiqTech International, Inc. (LIQT) - Canvas Business Model: Customer Segments

You're looking at the specific groups LiqTech International, Inc. (LIQT) targets with its specialized filtration technologies as of late 2025. The focus is clearly on high-value, regulation-driven industrial and commercial water treatment applications.

The overall financial context for these segments is LiqTech International, Inc.'s full-year 2025 revenue guidance, which is set between $18.0 million and $19.0 million, representing a 23% to 30% increase from the full year 2024. The water systems business, which serves most of these segments, was strong in Q3 2025, contributing $2.0 million of the total $3.8 million revenue for that quarter.

Energy and Petrochemical Industry (produced water, oily wastewater treatment)

This segment targets the need for water treatment and beneficial reuse in energy production. LiqTech International, Inc. has secured specific projects here.

• A pilot unit for oil and gas water treatment with a leading integrated energy company had its rental agreement extended with an expanded scope in Q1 2025.
• The company delivered an advanced membrane-based filtration system to treat oily wastewater in Q3 2025.
• LiqTech International, Inc. expanded its U.S. presence with a Texas Service Center in August 2025 specifically to support produced water and industrial filtration solutions.

Commercial and Municipal Swimming Pools and Spas

This area is a significant revenue driver, especially for system sales, and LiqTech International, Inc. has been actively expanding its distribution here.

Here's a look at the recent performance in this segment:

Metric	Q2 2025 Data	Q3 2025 Data
Systems Delivered	6 systems	Not specified, but revenue was strong
Revenue Contribution	Nearly $800,000	$1.0 million
Largest Single Order	Not specified	Over $500,000

The company signed a distribution and partnership agreement with NAF Aquatics for the U.S. commercial swimming pool market in May 2025. Also, LiqTech International, Inc. secured NSF approval in the U.S., which management believes will push growth in this sector through 2025 and beyond.

Marine Industry (scrubber wash water, dual-fuel engine water treatment)

The focus here is addressing environmental regulations, particularly in China through a joint venture (JV) established in late 2024.

• LiqTech International, Inc. received the first two commercial orders for marine dual-fuel engine water treatment systems, totaling three units, during Q3 2025.
• The JV with Jiangsu JiTRI Marine Equipment Co., Ltd. officially opened its R&D test center and localization facility in China.
• The JV received RMB 8.0 million (approximately $1.1 million) in R&D funding structured as a long-term loan.

Heavy Industry and Steel Producers (e.g., NorthStar BlueScope Steel)

This segment involves providing specific, high-specification filtration for industrial processes. NorthStar BlueScope Steel is a confirmed customer.

The engagement with NorthStar BlueScope Steel involved the successful delivery and commissioning of an advanced membrane-based filtration system to treat oily wastewater during Q3 2025. A portion of this order was recognized in Q2 2025, with the remainder in Q3 2025. One report noted a specific order from NorthStar BlueScope Steel recognizing $200k in Q2 2025 revenue.

Diesel Engine Manufacturers and Operators (for DPFs)

This segment relates to Diesel Particulate Filters (DPFs). Unlike the water systems, this area saw a relative decline in the latest reported quarter.

• Deliveries of DPFs decreased in Q3 2025 compared to Q3 2024.
• Q2 2025 revenue was also negatively impacted by a decrease in DPF deliveries.
• The company stated that margin contraction in the first half of 2025 was partly driven by underutilized manufacturing capacity following a decline in DPF sales.

Finance: draft 13-week cash view by Friday.

LiqTech International, Inc. (LIQT) - Canvas Business Model: Cost Structure

You're looking at the core expenses driving LiqTech International, Inc.'s operations as of late 2025, based on the Q3 2025 results. Understanding where the money goes helps map the path to that adjusted EBITDA breakeven target of approximately $6 million in quarterly revenue.

The Cost of Goods Sold (COGS) for the three months ended September 30, 2025, totaled $3,059,396. This figure is directly tied to manufacturing output. To be fair, the gross profit margin of 19.6% in Q3 2025 shows improvement, but management noted that because the company is still operating below its optimal revenue level, fixed production costs aren't being fully absorbed. This underutilization of manufacturing capacity for membranes, despite strong system sales utilization, is a key cost dynamic impacting COGS absorption.

Total Operating Expenses (OpEx) for the quarter ended September 30, 2025, were $2.1 million. This represented a reduction of $0.3 million, or 12.6%, compared to the same period in 2024, highlighting a focus on operational efficiencies.

Here's the quick math on how those operating expenses broke down for Q3 2025:

Expense Category	Q3 2025 Amount (Millions USD)
Total Operating Expenses	$2.1
Selling Expenses	$0.5
General and Administrative Expenses	$1.3
Research and Development Expenses	$0.27

Research and Development (R&D) expenses were $0.27 million for the three months ended September 30, 2025. This was a slight decrease from the prior year, mainly due to one-time exit costs related to an external development project and a reduction in R&D personnel as the function was streamlined.

Breaking down the Selling and General & Administrative (G&A) components further reveals specific cost drivers:

• Selling expenses were $0.5 million in Q3 2025, down from $0.6 million in Q3 2024.
• This decrease was partially offset by costs associated with the newly formed joint venture in China, Nantong JiTRI LiqTech Green Energy Technology Co., Ltd. (the 'JV').
• General and administrative expenses were $1.3 million, down from $1.5 million in Q3 2024.
• G&A included non-cash compensation costs of $0.3 million for the quarter.

Depreciation expenses on manufacturing assets are embedded within the cost calculations. Specifically, depreciation included in the gross profit calculation for the three months ended September 30, 2025, was $371,654. This was lower than the $478,902 reported in the same period of 2024, contributing positively to the gross profit margin improvement.

LiqTech International, Inc. (LIQT) - Canvas Business Model: Revenue Streams

You're looking at how LiqTech International, Inc. actually brings in the money, which is defintely key for any investment thesis. The revenue streams are built around their specialized filtration technology across a few distinct product lines. We've got concrete numbers from the third quarter of 2025 to map this out for you.

The primary ways LiqTech International, Inc. generates top-line revenue include:

• Sales of Liquid Filtration Systems, covering both pool systems and industrial applications.
• Sales of Ceramic Membranes and Diesel Particulate Filters (DPFs).
• Revenue generated from plastics products.
• Revenue from aftermarket sales and associated support services.
• Rental income derived from pilot units and any extended service agreements.

Here's the quick math on how the revenue broke down for the third quarter of 2025, which ended September 30, 2025. This gives you a very clear picture of the current mix:

Revenue Stream Component	Q3 2025 Revenue Amount	Year-over-Year Change Context
Water System Sales and Related Services	$2.0 million	Increased by 187% from Q3 2024 ($0.7 million)
Pool System Revenue (Subset of Water Systems)	$1.0 million	Fueled by multiple large orders, including one over $500,000
Ceramic Membranes and DPF Sales	$0.8 million	Down from $1.1 million in Q3 2024
Plastics Product Revenue	$1.0 million	Up 54% from $0.7 million in Q3 2024
Total Q3 2025 Revenue	$3.8 million	Up 54% from $2.5 million in Q3 2024

The growth in liquid filtration systems revenue, which totaled $2.0 million in Q3 2025, was specifically attributed to strong pool system deliveries and aftermarket sales, so that service component is definitely material. What this estimate hides is the exact dollar contribution from aftermarket sales alone, as it was bundled with the system sales increase.

Looking forward, LiqTech International, Inc. expects its full-year 2025 revenue guidance to be between $18.0 million and $19.0 million. Finance: draft 13-week cash view by Friday.