Press Release
|
Mr.
This press release may contain “forward-looking statements” that
involve risks and uncertainties, including statements regarding our
plans, future events, objectives, expectations, forecasts, or
assumptions. Any statement in this press release that is not a
statement of historical fact is a forward-looking statement, and in some
cases, words such as "believe," "estimate," "project," "expect,"
“intend,” “may," "anticipate," "plans," "seeks," and similar expressions
identify forward-looking statements. These statements involve
risks and uncertainties that could cause actual outcomes and results to
differ materially from the anticipated outcomes or result, and undue
reliance should not be placed on these statements. These risks
and uncertainties may include: our limited operating history in
developing and manufacturing products from bulk amorphous alloys; the
adoption of our alloys by customers; the commercial success of our
customer’s products; our ability to identify, develop, and commercialize
new applications for our alloys; competition with suppliers of incumbent
materials; the development of new materials that render our alloys
obsolete; the ability to manage our anticipated growth; our limited
direct experience in manufacturing bulk alloy products; scaling-up our
manufacturing facilities; protecting our intellectual property; problems
associated with manufacturing and selling our alloys outside of
|
Exhibit I |
|||||||||||
|
|
For the Three Months |
||||||||||
|
2012 |
2011 |
||||||||||
|
(unaudited) |
|||||||||||
| Revenue | |||||||||||
| Products | $ | 183 | $ | 123 | |||||||
| Licensing and royalties | 13 | 381 | |||||||||
|
Total revenue |
196 | 504 | |||||||||
| Cost of sales | 81 | 106 | |||||||||
| Gross profit | 115 | 398 | |||||||||
| Operating expenses | |||||||||||
| Selling, marketing, general and administrative | 959 | 1,026 | |||||||||
| Research and development | 188 | 324 | |||||||||
| Total operating expenses | 1,147 | 1,350 | |||||||||
| Operating loss from continuing operations | (1,032 | ) | (952 | ) | |||||||
| Change in value of warrants, loss | - | (11 | ) | ||||||||
| Other income | - | 5 | |||||||||
| Interest expense | (39 | ) | (15 | ) | |||||||
| Interest income | 4 | 8 | |||||||||
| Loss from continuing operations before income taxes | (1,067 | ) | (965 | ) | |||||||
| Income taxes | - | - | |||||||||
| Loss from continuing operations | (1,067 | ) | (965 | ) | |||||||
| Discontinued operations: | |||||||||||
| Loss from operations of discontinued operations, net of taxes | - | (429 | ) | ||||||||
| Net loss | (1,067 | ) | (1,394 | ) | |||||||
| Other comprehensive income: | |||||||||||
| Foreign exchange translation gain during the period | - | 55 | |||||||||
| Comprehensive loss | $ | (1,067 | ) | $ | (1,339 | ) | |||||
| Per common share basic and diluted: | |||||||||||
| Loss from continuing operations | $ | (0.01 | ) | $ | (0.01 | ) | |||||
| Loss from discontinued operations | - | - | |||||||||
| Basic and diluted loss per share | $ | (0.01 | ) | $ | (0.01 | ) | |||||
| Number of weighted average shares - basic and diluted | 153,707,246 | 93,695,377 | |||||||||
Source:
Liquidmetal Technologies
Otis Buchanan, 949-635-2120
otis.buchanan@liquidmetal.com