Market Overview

Liquidmetal Reports Third Quarter 2017 Results


Liquidmetal® Technologies, Inc. (OTCQB:LQMT), the leading
developer of amorphous alloys, reported results for its third quarter
ended September 30, 2017.

Q3 2017 Operational Highlights

The Company reached major milestones in its readiness plan for volume
production in medical and automotive markets. Showcasing its new
manufacturing facility at its recent open house, the Company
demonstrated its ENGEL-based medical grade molding systems and upgraded
EON industrial grade molding systems. New metal injection molding
production systems were also introduced. The facility is configured to
scale rapidly. A planned power upgrade will support additional expansion
in the first half of 2018.

"Our customers have shifted from an interest in a novel technology to a
strong desire to produce high volumes of amorphous metal parts. We now
have the capabilities customers demand to scale high-value production,"
said Bruce Bromage, COO.

Q3 2017 Financial Summary

During the third quarter of 2017, the Company generated revenues of $36
thousand as it continued to focus on the development of prototype and
commercial parts for its customers and partnering with licensees on the
development of the Company's technology and production processes.

Selling, marketing, general and administrative expense was $1.7 million
in both Q3 2017 and Q3 2016. Research and development expense was $500
thousand in Q3 2017, compared to $548 thousand in Q3 2016.

Cash and restricted cash totaled $43.3 million at September 30, 2017, as
compared to $58.9 million at December 31, 2016. The decrease was
primarily attributable to 2017 capital expenditures associated with the
continued build-out of the Company's manufacturing capabilities.

For a more detailed and complete analysis of the Company's financial
results, please refer to the Company's September 30, 2017 Form 10Q,
which was filed earlier today.

About Liquidmetal Technologies

Lake Forest, California-based Liquidmetal Technologies, Inc. is the
leading developer of bulk amorphous alloys. Amorphous alloys are unique
materials that are distinguished by their ability to be injection molded
and die cast into high performance applications for a broad range of
markets. For more information, go to

Forward-Looking Statement

This press release contains "forward-looking statements," including but
not limited to statements regarding the advantages of Liquidmetal's
amorphous alloy technology, scheduled manufacturing of customer parts
and other statements associated with Liquidmetal's technology and
operations. These statements are based on current expectations of future
events. If underlying assumptions prove inaccurate or unknown risks or
uncertainties materialize, actual results could vary materially from
Liquidmetal's expectations and projections. Risks and uncertainties
include, among other things; customer adoption of Liquidmetal's
technologies and successful integration of those technologies into
customer products; potential difficulties or delays in manufacturing
products incorporating Liquidmetal's technologies; Liquidmetal's ability
to fund its current and anticipated operations; the ability of third
party suppliers and manufacturers to meet customer product requirements;
general industry conditions; general economic conditions; and
governmental laws and regulations affecting Liquidmetal's operations.
Additional information concerning these and other risk factors can be
found in Liquidmetal's public periodic filings with the U.S. Securities
and Exchange Commission, including the discussion under the heading
"Risk Factors" in Liquidmetal's 2016 Annual Report on Form 10-K.



(in thousands, except par value and share data)

September 30, December 31,



(Unaudited) (Audited)


Current assets:
Cash $ 43,277 $ 58,896
Restricted cash 5 5
Trade accounts receivable 4 95
Inventory 722 390
Prepaid expenses and other current assets   408     312  
Total current assets $ 44,416 $ 59,698
Property and equipment, net 11,943 1,139
Patents and trademarks, net 430 494
Other assets   14     36  
Total assets $ 56,803   $ 61,367  



Current liabilities:
Accounts payable 202 331
Accrued liabilities 471 1,070
Deferred revenue 8 13
Warrant liabilities, current   1,582     2,224  
Total current liabilities $ 2,263 $ 3,638
Long-term liabilities:
Warrant liabilities, long-term 3,765 2,047
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