Liquidmetal Technologies (LQMT) saw its loss widen to $3.80 million, or $0.01 a share for the quarter ended Sep. 30, 2016. Liquidmetal Technologies (LQMT) saw its loss widen to $3.80 million in the quarter ended compared with $1.23 million a year ago.
Revenue during the quarter surged 266.67 percent to $0.15 million from $0.04 million in the previous year period.
Operating loss for the quarter was $2.24 million, compared with an operating loss of $2.37 million in the previous year period.
Working capital declines
Liquidmetal Technologies has witnessed a decline in the working capital over the last year. It stood at $3.92 million as at Sep. 30, 2016, down 21.63 percent or $1.08 million from $5.01 million on Sep. 30, 2015. Current ratio was at 2.23 as on Sep. 30, 2016, down from 3.63 on Sep. 30, 2015.
Cash conversion cycle (CCC) has increased to 20 days for the quarter from 2 days for the last year period. Days sales outstanding went down to 9 days for the quarter compared with 36 days for the same period last year.
Days inventory outstanding has increased to 63 days for the quarter compared with 51 days for the previous year period. At the same time, days payable outstanding went up to 92 days for the quarter from 88 for the same period last year.
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