Liquidmetal Technologies has enough cash to last into 2014 and is currently pursuing three strategies to boost its future cash position, CEO Thomas Steipp said in an interview with PlasticsToday.
"Our revenues at this time are relatively modest, but what we are really measuring is the growth of prototypes going out into the market. We raised money in the middle of last year that is being amortized through equity and that runs through August of this year."
Liquidmetal Technologies had a net loss of $14 million on revenues of $591,000 in 2012 compared to a loss of $6.9 million on revenues of $572,000 in 2011. R&D expenses were cut by $177,000 to reduce costs.
Steipp said that once cash runs out the company needs to raise revenues again to support its amorphous metal injection molding business. He hopes cash comes in through one of three different areas now being pursued.
First is conversion of prototypes to production revenue streams. He said that the escalation of prototype programs is promising. Liquidmetal Technologies shipped five prototypes in the first quarter of 2013, up from four in the fourth quarter of 2012, three in the third quarter of 2012, and three in the first half of 2012. The company's technology was stabilized at the end of 2011.