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LiqTech International, Inc. (LIQT)

USD0.76 -0.02 (-2.06%)
DK NASDAQ Industrials Industrial - Pollution & Treatment Controls
Address Industriparken 22C 2750
Ballerup, DK
CEO Fei Chen
IPO 2011-08-31
CIK 1307579 ISIN US53632A3005

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Description

LiqTech International, Inc. operates as a global clean technology enterprise, dedicated to the innovation, manufacturing, marketing, and distribution of sophisticated filtration and purification solutions. The company's reach extends across the United States, Canada, Europe, Asia, and South America, serving a diverse industrial client base. LiqTech organizes its operations into three primary divisions: Water, Ceramics, and Plastics. Within its Water segment, the company develops and supplies advanced liquid filtration systems. These systems cater to a wide array of applications, including marine exhaust gas scrubbers, the treatment of produced water, pre-filtration processes for reverse osmosis (both for potable water and seawater desalination), general industrial uses, clean drinking water production, pool and spa maintenance, food and beverage processing, filter presses, and UV disinfection systems. The Ceramics segment focuses on silicon carbide ceramic filtration technologies for purifying both liquid and gas streams. Additionally, this division manufactures diesel particulate filters, which are essential for controlling exhaust emissions in both the verified retrofit market and for original equipment manufacturers. Lastly, the Plastics segment is responsible for producing custom machined and welded plastic components. LiqTech International, Inc. engages with its predominantly industrial customers through a variety of channels, including direct sales, systems integrators, distributors, agents, and strategic partners. Established in 2000 and headquartered in Ballerup, Denmark, the company adopted its current name in October 2011, having previously operated as Blue Moose Media, Inc.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD0.76 -0.02 (-2.06%)
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Volume Profile
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Liquidity & share structure
Average Volume
245.4K
Beta
1.01
Float Shares
7.70M
Free Float %
77.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.32% -7.79% +29.31% +24.31% +0.00% +54.11% +55.17% -29.69% -96.16% -91.63% -97.89%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (5 ratings, all time) Buy
Price Targets & DCF
Current price
0.76
Low 9.00 +1,085.8%
Consensus 9.00 +1,085.8%
Median 9.00 +1,085.8%
High 9.00 +1,085.8%
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter
Last Year
All Time 1
9.00
+1,085.8%
Quality scores
Altman Z-Score
-3.85
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
0 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Pollution & Treatment Controls: +8.0%
    +13.0% Q1'26: -10.4% (vs Q1'25)
  • EPS growth Industrial - Pollution & Treatment Controls: +15.8%
    +45.7% Q1'26: -16.7% (vs Q1'25)
  • FCF margin FCF growth · Industrial - Pollution & Treatment Controls: +35.7%
    -47.9% Q1'26: -53.5% (vs Q1'25)
  • EBIT margin Industrial - Pollution & Treatment Controls: +10.2%
    -50.2% Q1'26: +0.0% (vs Q1'25)
  • ROIC Industrial - Pollution & Treatment Controls: +6.6%
    -36.7% Q1'26: +0.0% (vs Q1'25)
  • Share dilution Industrial - Pollution & Treatment Controls: 0.0%
    +52.4% Q1'26: +2.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Pollution & Treatment Controls: -0.39×
    -2.88× Q1'26: -1.29× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.19) × ERP
WACC = 56% × Ke + 44% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 0.76
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
15.81M
est: 16.62M (-4.9%)
13.91M
est: 15.67M (-11.3%)
11.34M
est: 12.30M (-7.8%)
12.23M
est: 12.60M (-2.9%)
32.64M
est: 32.31M (+1.0%)
22.53M
est: 22.49M (+0.2%)
18.27M
est: 18.38M (-0.6%)
15.98M
est: 16.00M (-0.1%)
18.00M
est: 17.72M (+1.6%)
14.60M
est: 15.00M (-2.6%)
16.51M
est: 18.60M (-11.2%)
23.00M
23.00M – 23.00M
+23.7% YoY
37.60M
37.60M – 37.60M
+63.5% YoY
EBITDA
-1.39M
est: -7.58M (+81.6%)
-11.78M
est: -7.14M (-65.0%)
-3.79M
est: -5.61M (+32.3%)
-3.29M
est: -5.74M (+42.8%)
1.10M
est: -14.73M (+107.5%)
-7.33M
est: -10.25M (+28.5%)
-7.74M
est: -8.38M (+7.6%)
-11.40M
est: -7.29M (-56.3%)
-5.48M
est: -8.21M (+33.2%)
-7.48M
est: -6.95M (-7.6%)
-5.99M
est: -8.62M (+30.5%)
-10.66M
-10.66M – -10.66M
-23.7% YoY
-17.42M
-17.42M – -17.42M
-63.5% YoY
EBIT
-2.84M
est: -10.23M (+72.3%)
-13.16M
est: -9.65M (-36.4%)
-4.73M
est: -7.57M (+37.5%)
-4.11M
est: -7.76M (+47.0%)
-238.8K
est: -19.89M (+98.8%)
-10.15M
est: -13.85M (+26.7%)
-10.48M
est: -11.31M (+7.4%)
-13.99M
est: -9.85M (-42.0%)
-8.63M
est: -11.09M (+22.2%)
-10.22M
est: -9.39M (-8.8%)
-8.29M
est: -11.64M (+28.8%)
-14.40M
-14.40M – -14.40M
-23.7% YoY
-23.53M
-23.53M – -23.53M
-63.5% YoY
Net Income
-2.21M
est: -11.11M (+80.1%)
-16.42M
est: -27.26M (+39.8%)
-4.46M
est: -18.17M (+75.5%)
-3.82M
est: -13.46M (+71.7%)
39.6K
est: 1.01M (-96.1%)
-9.81M
est: -18.68M (+47.5%)
-11.13M
est: -24.23M (+54.1%)
-14.17M
est: -11.61M (-22.0%)
-8.57M
est: -15.23M (+43.7%)
-10.35M
est: -15.77M (+34.4%)
-8.53M
est: -7.60M (-12.3%)
-5.86M
-5.86M – -5.86M
+22.8% YoY
961.4K
961.4K – 961.4K
+116.4% YoY
SGA
5.91M
est: 8.79M (-32.8%)
6.60M
est: 8.28M (-20.4%)
4.28M
est: 6.50M (-34.2%)
4.89M
est: 6.66M (-26.6%)
6.99M
est: 17.08M (-59.1%)
9.12M
est: 11.89M (-23.3%)
10.40M
est: 9.72M (+7.0%)
9.37M
est: 8.46M (+10.8%)
9.16M
est: 9.74M (-6.0%)
8.39M
est: 8.24M (+1.8%)
8.40M
est: 10.22M (-17.8%)
12.64M
12.64M – 12.64M
+23.7% YoY
20.66M
20.66M – 20.66M
+63.5% YoY
EPS
-1.92
est: -1.76 (-9.1%)
-14.40
est: -4.32 (-233.3%)
-3.52
est: -2.88 (-22.2%)
-1.91
est: -2.13 (+10.5%)
0.02
est: 0.16 (-89.9%)
-3.70
est: -2.96 (-25.0%)
-4.13
est: -3.84 (-7.6%)
-3.20
est: -1.84 (-73.9%)
-1.51
est: -1.58 (+4.6%)
-1.64
est: -1.64 (+0.0%)
-0.89
est: -0.79 (-12.7%)
-0.61
-0.61 – -0.61
+22.8% YoY
0.10
0.10 – 0.10
+116.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-11 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-08 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-07 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-06 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-05 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-04 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-01 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-04-30 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-04-29 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-04-28 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-04-27 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-04-24 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-23 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-22 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-5.45M
OE per share TTM
-0.57
Owner's Yield
-25.20%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
55.3%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
7
Total invested
505.2K
Insider transactions (90d)
0
Beneficial owners (>5%)
16
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 David N. Nemelka 4.67M 20.50% 4.67M 4.67M 10.00 IN United States 2011-09-02
2 Bleichroeder Holdings LLC 3.18M 33.70% 3.18M 3.18M 10.00 HC Delaware 2024-11-19
3 Bleichroeder LP 3.18M 33.70% 3.18M 3.18M 10.00 IA Delaware 2024-11-19
4 Clear Harbor Asset Management, LLC 2.12M 5.39% 2.12M 2.12M IA The State of New York 2015-01-29
5 Wellington Group Holdings LLP 1.66M 8.06% 1.66M HC Massachusetts 2020-01-28
6 Wellington Investment Advisors Holdings LLP 1.66M 8.06% 1.66M HC Massachusetts 2020-01-28
7 Wellington Management Company LLP 1.66M 8.06% 1.66M IA Massachusetts 2020-01-28
8 Wellington Management Group LLP 1.66M 8.06% 1.66M HC Massachusetts 2020-01-28
9 JUSTIN B. BORUS 1.59M 4.00% 1.59M 1.59M HC, IN United States 2015-02-02
10 LAZARUS MANAGEMENT COMPANY LLC 1.59M 4.00% 1.59M 1.59M IA United States 2015-02-02
11 LAZARUS INVESTMENT PARTNERS LLLP 1.59M 4.00% 1.59M 1.59M PN United States 2015-02-02
12 The Phoenix Holdings Ltd. 1.13M 5.51% 1.13M CO Israel 2020-06-03
13 Wellington Trust Company, NA 903.8K 4.25% 903.8K BK United States 2022-02-04
14 Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity P 773.1K 3.63% 773.1K OO Massachusetts 2022-02-04
15 27-1506486 10.00 12.00% IA The State of New York 2018-01-29
16 Investments Group, Ltd. 0.00% HC Seattle WA USA 2022-02-14

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
7
-9 vs prev Q
New positions
3
Closed positions
12
Increased
4
Reduced
2
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 BLEICHROEDER LP 3.18M +— (+0.0%) 4.65M -3.7M (-44.5%) 33.09% -0.033 pp 0.82% -0.814 pp USD2.08 -29.8% 11 qtrs
2 MORGAN STANLEY 279.3K +70.3K (+33.6%) 407.8K -141.9K (-25.8%) 2.90% +0.729 pp 0.00% +0.000 pp USD2.01 -27.4% 11 qtrs
3 VANGUARD GROUP INC 71.1K +— (+0.0%) 103.9K -83.2K (-44.5%) 0.74% -0.001 pp 0.00% +0.000 pp USD2.89 -49.5% 11 qtrs
4 CLEAR HARBOR ASSET MANAGEMENT, LLC 60.8K +— (+0.0%) 88.7K -71.1K (-44.5%) 0.63% -0.001 pp 0.01% -0.003 pp USD3.21 -54.5% 11 qtrs
5 HIGHTOWER ADVISORS, LLC 60.4K +2.7K (+4.8%) 88.2K -63.5K (-41.8%) 0.63% +0.028 pp 0.00% 0.000 pp USD2.58 -43.4% 11 qtrs
6 WEALTHTRUST AXIOM LLC 54.7K -9.5K (-14.8%) 79.9K -89.0K (-52.7%) 0.57% -0.099 pp 0.02% -0.025 pp USD3.03 -51.8% 11 qtrs
7 GEODE CAPITAL MANAGEMENT, LLC 41.6K -569.0 (-1.4%) 60.7K -50.2K (-45.2%) 0.43% -0.006 pp 0.00% +0.000 pp USD2.67 -45.3% 11 qtrs
8 STONEX GROUP INC. 28.8K +28.8K (+100.0%) 42.0K +42.0K (+100.0%) 0.30% +0.299 pp 0.00% +0.002 pp USD1.46 +0.0% 1 qtrs NEW
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 24.1K +24.1K (+100.0%) 35.2K +35.2K (+100.0%) 0.25% +0.251 pp 0.00% +0.000 pp USD1.46 +0.0% 1 qtrs NEW
10 MISSION WEALTH MANAGEMENT, LP 18.8K +— (+0.0%) 27.4K -21.9K (-44.5%) 0.20% 0.000 pp 0.00% 0.000 pp USD3.89 -62.5% 10 qtrs
11 MESIROW FINANCIAL INVESTMENT MANAGEMENT, INC. 13.8K +78.0 (+0.6%) 20.2K -16.0K (-44.2%) 0.14% +0.001 pp 0.00% 0.000 pp USD3.40 -57.1% 9 qtrs
12 BLACKROCK, INC. 5.5K +— (+0.0%) 8.0K -6.4K (-44.5%) 0.06% 0.000 pp 0.00% +0.000 pp USD2.56 -43.0% 6 qtrs
13 TOWER RESEARCH CAPITAL LLC (TRC) 2.0K +306.0 (+17.7%) 3.0K -1.6K (-34.6%) 0.02% +0.003 pp 0.00% 0.000 pp USD2.09 -30.1% 11 qtrs
14 CITIGROUP INC 1.8K +1.8K (+100.0%) 2.6K +2.6K (+100.0%) 0.02% +0.019 pp 0.00% +0.000 pp USD1.46 +0.0% 1 qtrs NEW
15 BANK OF AMERICA CORP /DE/ 38.00 +2.0 (+5.6%) 55.00 -40.0 (-42.1%) 0.00% +0.000 pp 0.00% +0.000 pp USD2.00 -27.0% 7 qtrs
16 GROUP ONE TRADING, L.P. 5.00 +— (+0.0%) 7.00 -6.0 (-46.2%) 0.00% +0.000 pp 0.00% +0.000 pp USD3.20 -54.4% 11 qtrs
17 BARCLAYS PLC -133.0 (-100.0%) -350.0 (-100.0%) 0.00% -0.001 pp 0.00% +0.000 pp USD 2 qtrs SOLD
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard Extended Market ETF VXF 0.00% 53.1K 0.05%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
3.00
Bullish
Ratio by volume
1.55
Bullish
Buys
6
Sells
2
Shares acquired
869.6K
Shares disposed
559.6K
Cash buys
Cash sales
Net activity
+309,939
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-03-01 Wowk Robert Director 0 0.00 0
2026-01-03 Kowalczyk David Officer F-InKind D Common Stock 5,589 1.49 8.3K 88,779 D
2026-01-03 Chen Fei Director / Officer F-InKind D Common Stock 67,860 1.49 101.1K 417,898 D
2025-12-19 Kowalczyk David Officer A-Award A Common Stock 94,368 0.00 94,368 D
2025-09-12 Chen Fei Director / Officer F-InKind D Common Stock 13,021 2.34 30.5K 498,593 D
2025-03-26 Bleichroeder LP 10% Owner J-Other A Warrants to Purchase Common Stock 531,250 2.00 1.06M 531,250 I
2025-03-01 Kowalczyk David Officer 0 0.00 0
2025-01-07 MEEUSEN RICHARD A Director A-Award A Common Stock 29,294 0.00 67,281 D
2025-01-07 Kunz Martin Director A-Award A Common Stock 26,516 0.00 48,918 D
2025-01-07 Chen Fei Director / Officer A-Award A Common Stock 201,335 0.00 511,614 D
2025-01-07 Boswell Peyton Director A-Award A Common Stock 28,158 0.00 121,305 D
2025-01-07 BUEHLER ALEXANDER J Director A-Award A Common Stock 53,030 0.00 467,623 D
2025-01-03 Chen Fei Director / Officer F-InKind D Common Stock 28,394 1.87 53.1K 310,279 D
2024-11-12 Bleichroeder LP 10% Owner Common Stock 0 0.00 3,182,239 I
2024-09-27 Bleichroeder LP 10% Owner Warrants to Purchase Common Stock 344,871 0.00 344.87 0 I
2024-05-06 Price Phillip Massie Officer A-Award D Common Stock 13,748 0.00 13,748
2024-04-01 Price Phillip Massie Officer 0 0.00 0
2024-01-03 Stadil Simon Seidelin Officer A-Award A Common Stock 38,405 0.00 158,907
2024-01-03 MEEUSEN RICHARD A Director A-Award A Common Stock 10,470 0.00 37,987
2024-01-03 Kunz Martin Director A-Award A Common Stock 10,470 0.00 22,402
2024-01-03 Chen Fei Director / Officer A-Award A Common Stock 106,681 0.00 338,673
2024-01-03 Boswell Peyton Director A-Award A Common Stock 10,470 0.00 93,147
2024-01-03 BUEHLER ALEXANDER J Director A-Award A Common Stock 20,940 0.00 414,593
2023-12-04 Stadil Simon Seidelin Officer S-Sale D Common Stock 14,438 3.23 46.7K 120,504
2023-11-30 Stadil Simon Seidelin Officer S-Sale D Common Stock 562 3.40 1.9K 134,942
2023-11-21 Stadil Simon Seidelin Officer S-Sale D Common Stock 3,100 3.57 11.1K 135,504
2023-11-15 Stadil Simon Seidelin Officer S-Sale D Common Stock 4,100 3.89 15.9K 138,604
2023-11-13 Stadil Simon Seidelin Officer S-Sale D Common Stock 2,800 3.82 10.7K 142,704
2023-09-30 Bleichroeder LP 10% Owner Warrants to Purchase Common Stock 531,250 5.20 2.76M 0 I
2023-06-23 Kunz Martin Director 0 0.00 0
2023-06-14 Chen Fei Director / Officer P-Purchase A Common Stock 2,784 3.87 10.8K 231,992
2023-05-26 Chen Fei Director / Officer P-Purchase A Common Stock 22,000 3.20 70.4K 221,208
2023-01-03 VERNON MARK Director A-Award A Common Stock 196,000 0.00 917,093
2023-01-03 Stadil Simon Seidelin Officer A-Award A Common Stock 348,718 0.00 1,164,012
2023-01-03 Chen Fei Officer A-Award A Common Stock 968,661 0.00 1,593,661
2023-01-03 Boswell Peyton Director A-Award A Common Stock 98,000 0.00 661,400
2023-01-03 BUEHLER ALEXANDER J Director A-Award A Common Stock 98,000 0.00 3,155,445
2023-01-01 BUEHLER ALEXANDER J Director A-Award A Common Stock 924,089 0.00 2,959,989
2022-05-18 MEEUSEN RICHARD A Director P-Purchase A Common Stock 95,000 0.55 52.3K 220,125
2022-05-17 VERNON MARK Director P-Purchase A Common Stock 500,000 0.50 250.0K 721,093
2022-05-17 Stadil Simon Seidelin Officer P-Purchase A Common Stock 80,000 0.50 40.0K 80,000
2022-05-17 Boswell Peyton Director P-Purchase A Common Stock 500,000 0.50 250.0K 563,400
2022-05-17 Bleichroeder LP 10% Owner Warrants to Purchase Common Stock 2,475,008 0.01 19.8K 0 I
2022-05-17 BUEHLER ALEXANDER J Officer P-Purchase A Common Stock 2,000,000 0.50 1.00M 2,035,900
2022-05-13 LYTTON LAURENCE W 10% Owner P-Purchase A Common Stock 1,375,000 0.50 687.5K 2,926,957
2022-05-10 Stadil Simon Seidelin Officer A-Award A Common Stock 735,294 0.00 735,294
2022-01-25 LYTTON LAURENCE W 10% Owner P-Purchase A Common Stock 100 5.44 544.00 1,551,957
2022-01-24 LYTTON LAURENCE W 10% Owner P-Purchase A Common Stock 16,089 5.24 84.3K 1,551,857
2022-01-21 LYTTON LAURENCE W 10% Owner P-Purchase A Common Stock 20,000 5.40 108.0K 1,535,768
2022-01-04 LYTTON LAURENCE W 10% Owner P-Purchase A Common Stock 10,900 5.95 64.9K 1,515,768
2022-01-03 VERNON MARK Director A-Award A Common Stock 12,479 0.00 221,093
2022-01-03 Sune Mathiesen Director / Officer A-Award A Restricted Stock Units 88,073 0.00 88,073
2022-01-03 LYTTON LAURENCE W 10% Owner P-Purchase A Common Stock 12,785 5.95 76.1K 1,504,868
2022-01-03 Boswell Peyton Director A-Award A Common Stock 6,240 0.00 63,400
2022-01-03 BUEHLER ALEXANDER J Director A-Award A Common Stock 6,240 0.00 35,900
2021-12-22 LYTTON LAURENCE W 10% Owner P-Purchase A Common Stock 15,100 5.16 77.9K 1,492,083
2021-12-21 LYTTON LAURENCE W 10% Owner P-Purchase A Common Stock 44,895 5.04 226.3K 1,476,983
2021-12-20 LYTTON LAURENCE W 10% Owner D Common Stock 0 0.00 1,410,988
2021-12-02 Boswell Peyton Director P-Purchase A Common Stock 10,000 4.89 48.9K 57,160
2021-11-23 Stadil Simon Seidelin Officer 0 0.00 0
2021-08-17 LYTTON LAURENCE W 10% Owner D Pre-Funded Common Stock Purchase Warrant 400,000 0.00 400.00 0
2021-04-16 Boswell Peyton Director P-Purchase A Common Stock 5,000 7.87 39.4K 47,160
2021-03-22 Sune Mathiesen Director / Officer A-Award A Restricted Stock Units 52,941 0.00 52,941
2021-01-06 VERNON MARK Director A-Award A Common Stock 9,321 0.00 208,614
2021-01-06 Boswell Peyton Director A-Award A Common Stock 4,660 0.00 42,160
2021-01-06 BUEHLER ALEXANDER J Director A-Award A Common Stock 4,660 0.00 29,660
2020-11-13 MEEUSEN RICHARD A Director P-Purchase A Common Stock 3,000 6.84 20.5K 28,000
2020-08-26 MEEUSEN RICHARD A Director 0 0.00 0
2020-03-24 Toftegaard Claus Officer A-Award A Restricted Stock Units 27,624 0.00 27,624
2020-03-24 Sune Mathiesen Director / Officer / 10% Owner A-Award A Restricted Stock Units 64,457 0.00 64,457
2019-11-19 Boswell Peyton Director P-Purchase A Common Stock 12,500 4.59 57.4K 37,500
2019-11-18 VERNON MARK Director P-Purchase A Common Stock 20,000 4.66 93.2K 188,075
2019-11-14 AWM Investment Company, Inc. 10% Owner S-Sale D Common Stock 80,000 4.93 394.3K 2,093,290
2019-09-30 VERNON MARK Director A-Award A Common Stock 8,212 7.90 64.9K 168,075
2019-08-26 Toftegaard Claus Officer P-Purchase A common stock 1,500 10,000.00 15.00M 1,500
2019-05-22 AWM Investment Company, Inc. 10% Owner I Common Stock 0 0.00 2,173,291
2019-03-11 Leifland Peter Director 0 0.00 0
2018-11-01 Gay Joel Director D Common Stock 0 0.00 100,000
2018-08-15 Toftegaard Claus Officer 0 0.00 0
2018-01-02 VERNON MARK Director A-Award A Common Stock 52,798 0.57 30.1K 295,831
2017-11-09 VERNON MARK Director A-Award A Series A Convertible Preferred Stock 83,334 0.30 25.0K 83,334
2017-08-11 Burgon Paul Director 0 0.00 0
2017-08-11 Boswell Peyton Director D Common Stock 0 0.00 100,000
2017-08-11 Barish Michael S Director 0 0.00 0
2017-08-11 BUEHLER ALEXANDER J Director D Common Stock 0 0.00 100,000
2017-05-12 PESSIN SANDRA F I Common Stock 0 0.00 1,302,006
2017-01-02 VERNON MARK Director A-Award A Common Stock 46,875 0.00 243,033
2017-01-02 Burgon Paul Director A-Award A Common stock 46,875 0.00 235,396
2016-01-01 VERNON MARK Director A-Award A Common Stock 29,703 1.01 30.0K 196,158
2016-01-01 Burgon Paul Director A-Award A Common Stock 29,703 1.01 30.0K 188,521
2015-11-19 VERNON MARK Director A-Award A Common Stock 25,000 1.27 31.7K 166,455
2015-08-17 DEBELAK DONALD S Officer P-Purchase A Common Stock 10,000 0.74 7.4K 214,745
2015-08-14 Burgon Paul Director A-Award A Common stock 27,523 0.74 20.4K 158,818
2015-07-01 Barish Michael S Director A-Award A Common Stock 26,600 0.80 21.3K 1,800,336
2015-06-30 Barish Michael S Director A-Award A Common Stock 3,400 0.80 2.7K 1,773,736
2015-05-29 Barish Michael S Director A-Award A Common Stock 11,000 0.69 7.6K 1,770,336
2015-05-27 Barish Michael S Director A-Award A Common Stock 31,000 0.71 22.1K 1,759,336
2015-04-14 Laursen Henrik Officer A-Award A Stock Options/ Right to buy 100,000 0.75 75.0K 100,000
2015-04-13 RAMESH RENGARAJAN Director D Restricted Common Stock 0 0.00 100,000
2015-04-01 Sune Mathiesen Director / Officer / 10% Owner A-Award A Common Stock 3,000 0.64 1.9K 4,054,782
2015-04-01 Laursen Henrik Officer D Common Stock 0 0.00 15,000
2015-03-30 Sune Mathiesen Director / Officer / 10% Owner A-Award A Common Stock 5,000 0.89 4.5K 4,049,782
2014-11-19 DEBELAK DONALD S Officer P-Purchase A Common Stock 62,246 1.22 76.2K 452,890
2014-10-15 Barish Michael S Director A-Award A Common Stock 100,000 0.00 1,728,336
2014-10-02 DEBELAK DONALD S Officer P-Purchase A Common Stock 18,787 1.54 28.9K 390,644
2014-09-11 DEBELAK DONALD S Officer P-Purchase A Common Stock 26,758 1.53 40.8K 371,857
2014-09-05 Barish Michael S Director A-Award A Common Stock 15,000 1.49 22.3K 1,628,336
2014-09-03 Barish Michael S Director A-Award A Common Stock 3,200 1.53 4.9K 1,613,336
2014-09-02 Barish Michael S Director A-Award A Common Stock 1,800 1.52 2.7K 1,610,136
2014-08-29 Barish Michael S Director A-Award A Common Stock 2,200 1.57 3.5K 1,600,736
2014-08-28 Barish Michael S Director A-Award A Common Stock 7,600 1.57 11.9K 1,608,336
2014-08-22 DEBELAK DONALD S Officer P-Purchase A Common Stock 49,200 1.57 77.2K 345,099
2014-08-19 VERNON MARK Director A-Award A Common Stock 11,455 1.56 17.9K 141,455
2014-08-15 VERNON MARK Director A-Award A Common Stock 30,000 1.55 46.5K 130,000
2014-08-15 PETERSEN ALDO Director P-Purchase A Common Stock 25,000 1.55 38.8K 3,288,541
2014-08-15 Burgon Paul Director A-Award A Common Stock 3,225 1.55 5.0K 101,295
2014-08-14 Burgon Paul Director A-Award A Common Stock 8,900 1.58 14.1K 98,070
2014-08-14 Barish Michael S Director A-Award A Common Stock 200 1.50 300.00 1,598,536
2014-08-13 DEBELAK DONALD S Officer M-Exempt D Stock Options (Right to Buy) 47,500 1.50 71.3K 248,399
2014-07-29 Sune Mathiesen Director / Officer / 10% Owner I Common Stock 0 0.00 4,044,782
2014-05-19 Barish Michael S Director I Common Stock 0 0.00 55,000
2013-12-24 DEGN SOREN Officer S-Sale D Common Stock 49,200 2.12 104.3K 406,732
2013-12-23 DEGN SOREN Officer S-Sale D Common Stock 20,000 2.13 42.6K 455,932
2013-12-20 DEGN SOREN Officer S-Sale D Common Stock 4,000 2.21 8.8K 475,932
2013-12-19 DEGN SOREN Officer S-Sale D Common Stock 21,200 2.23 47.3K 479,932
2013-12-18 DEGN SOREN Officer S-Sale D Common Stock 15,800 2.23 35.2K 501,132
2013-12-17 DEGN SOREN Officer S-Sale D Common Stock 15,000 2.21 33.2K 516,932
2013-12-16 DEGN SOREN Officer S-Sale D Common Stock 16,000 2.36 37.8K 531,932
2013-12-13 DEGN SOREN Officer S-Sale D Common Stock 30,000 2.36 70.7K 547,932
2013-12-12 DEGN SOREN Officer S-Sale D Common Stock 29,000 2.36 68.4K 577,932
2013-10-09 Barish Michael S Director D Warrants (Right to Buy) 60,000 2.70 162.0K 0
2013-10-08 PETERSEN ALDO Director D-Return D Warrants 100,000 1.50 150.0K 0
2013-10-07 ANDREASSEN LASSE Director M-Exempt A Common Stock 25,000 1.50 37.5K 2,741,888
2013-10-04 DEGN SOREN Officer D-Return D Stock options 50,000 1.50 75.0K 208,399
2013-04-19 VERNON MARK Director A-Award A Common Stock 100,000 0.00 100,000
2013-04-19 Nemelka John Fritzen Director A-Award A Common Stock 100,000 0.00 215,333
2013-04-19 Burgon Paul Director A-Award A Common Stock 100,000 0.00 132,503
2013-04-01 HELMER FINN Officer D Common Stock Options (Right to Buy) 600,000 2.35 1.41M 0
2013-02-26 VERNON MARK Director 0 0.00 0
2012-09-05 Burgon Paul Director P-Purchase A Common Stock 2,070 2.16 4.5K 19,170
2012-08-31 Burgon Paul Director P-Purchase A Common Stock 2,200 2.03 4.5K 9,700
2012-06-25 Nemelka David Nephi Jr. S-Sale D Common Stock Purchase Warrant 175,000 1.50 262.5K 960,000
2012-06-22 ANDREASSEN LASSE Director / Officer P-Purchase A Common Stock 537,000 2.65 1.42M 2,412,000
2012-04-18 PETERSEN ALDO Director / 10% Owner P-Purchase A Common Stock 10,000 2.89 28.9K 3,813,541
2012-04-11 SONNELAND MICHAEL Director P-Purchase A Common Stock 41,989 2.13 89.2K 539,239
2012-03-23 DEGN SOREN Officer A-Award A Stock options 58,399 3.28 191.5K 258,399
2012-03-23 ANDREASSEN LASSE Director A-Award A Stock options 97,332 3.28 319.2K 337,332
2011-12-21 DEGN SOREN Officer S-Sale D Common Stock 262,000 2.00 524.0K 113,000
2011-12-16 SONNELAND MICHAEL Director A-Award A Stock options 20,000 3.60 72.0K 20,000
2011-12-16 Nemelka John Fritzen Director A-Award A Stock options 20,000 3.60 72.0K 20,000
2011-12-16 Burgon Paul Director P-Purchase A Common Stock 7,500 3.60 27.0K 7,500
2011-09-05 TATTERSALL GORDON MCKAY 0 0.00 0
2011-09-05 SONNELAND MICHAEL Director I Common Stock 0 0.00 412,500
2011-09-05 Nemelka John Fritzen Director D Common Stock 0 0.00 102,000
2011-09-05 Burgon Paul Director 0 0.00 0
2011-08-24 TATTERSALL GORDON MCKAY Director U-Tender D Common Stock 59,980,000 0.00 20,000
2011-08-24 Persh Neil 10% Owner I Warrant 1,900,000 1.50 2.85M 0
2011-08-24 PETERSEN ALDO Director / 10% Owner I Warrant 1,000,000 1.50 1.50M 0
2011-08-24 Nemelka David Nephi Jr. 10% Owner D Common Stock Purchase Warrant 1,135,000 1.50 1.70M 0
2011-08-24 KROMMENHOEK ADAM R U-Tender D Common Stock 29,980,000 0.00 20,000
2011-08-24 DEGN SOREN Officer I Common Stock 0 0.00 375,000
2011-08-24 DEBELAK DONALD S Officer D Common Stock 0 0.00 400,000
2011-08-24 ANDREASSEN LASSE Director / Officer I Common Stock 0 0.00 1,875,000
2010-04-20 TATTERSALL GORDON MCKAY Director / Officer / 10% Owner D Common Stock 0 0.00 20,000,000
2010-04-20 DAVIS JASON D Officer 0 0.00 0
2009-08-18 DAVIS JASON D Director / Officer D Common Stock 0 0.00 1,125,000
2009-08-12 KROMMENHOEK ADAM R 10% Owner D Common Stock 0 0.00 20,000,000

Executive team

Top executives
EBIT / Employee
-78.9K
Shares Outstanding
9.95M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2024 Fei Chen, President & Chief Executive Officer 405.3K 123.4K 374.4K 37.7K 940.9K 39.80%
2 2024 Phillip Massie Price, Interim Chief Financial Officer 130.6K 71.1K 36.7K 10.4K 248.8K 14.73%
3 2024 Simon Stadil, Chief Financial Officer 73.6K 134.8K 6.7K 215.0K 62.69%
4 2023 Fei Chen, President & Chief Executive Officer 397.8K 142.8K 363.2K 37.0K 940.8K 38.61%
5 2023 Simon Stadil, Chief Financial Officer 294.2K 123.3K 130.8K 26.6K 574.9K 22.74%
6 2022 Alexander Buehler, Interim Chief Executive Officer 243.3K 549.2K 792.5K 69.30%
7 2022 Fei Chen, President & Chief Executive Officer 386.1K 350.0K 35.9K 772.0K 45.34%
8 2022 Simon Stadil, Chief Financial Officer 271.4K 100.0K 375.0K 24.4K 770.7K 48.65%
9 2022 Sune Mathiesen, Chief Executive Officer 370.8K 41.6K 12.9K 425.3K 9.78%
10 2021 Sune Mathiesen, Chief Executive Officer 365.8K 100.0K 397.6K 36.7K 900.0K 44.17%
11 2021 Sune Mathiesen, Chief Executive Officer Claus Toftegaard, Chief Financial Officer 365.8K 100.0K 397.6K 36.7K 900.0K 44.17%
12 2021 Simon Stadil, Chief Financial Officer 259.1K 25.9K 285.0K 0.00%
13 2020 Sune Mathiesen, Chief Executive Officer Claus Toftegaard, Chief Financial Officer 358.9K 100.0K 350.0K 35.9K 844.8K 41.43%
14 2020 Simon Stadil, Chief Financial Officer 249.2K 150.0K 24.9K 424.1K 35.37%
15 2019 Sune Mathiesen, Chief Executive Officer Claus Toftegaard, Chief Financial Officer 305.3K 263.0K 75.0K 30.5K 673.8K 11.13%
16 2018 Sune Mathiesen, Chief Executive Officer Claus Toftegaard, Chief Financial Officer 264.6K 75.0K 26.5K 366.1K 0.00%
17 2018 Soren Degn, Chief Financial Officer 66.7K 10.0K 6.7K 83.3K 0.00%
18 2017 Sune Mathiesen, Chief Executive Officer Soren Degn, Chief Financial Officer 275.6K 50.9K 350.5K 0.00%
19 2017 Sune Mathiesen, Chief Executive Officer Claus Toftegaard, Chief Financial Officer 275.6K 50.9K 24.1K 350.5K 0.00%
20 2016 Sune Mathiesen, Chief Executive Officer Claus Toftegaard, Chief Financial Officer 216.1K 21.3K 237.3K 0.00%
21 2016 Sune Mathiesen, Chief Executive Officer Soren Degn, Chief Financial Officer 216.1K 237.3K 0.00%
22 2016 Johnny Marcher, former Chief Technical Officer 216.1K 233.6K 0.00%
23 2015 Johnny Marcher, former Chief Technical Officer 169.8K 97.0K 283.5K 34.21%
24 2015 Sune Mathiesen, Chief Executive Officer Soren Degn, Chief Financial Officer 221.0K 244.0K 0.00%
25 2014 Sune Mathiesen, Chief Executive Officer and Director 267.0K 278.1K 0.00%
26 2014 Sune Mathiesen, Chief Executive Officer Soren Degn, Chief Financial Officer 267.0K 278.1K 0.00%
27 2014 Johnny Marcher, former Chief Technical Officer 229.8K 248.1K 0.00%
28 2013 Finn Helmer, Former Chief Executive Officer 104.0K 682.2K 795.8K 85.72%
29 2013 Soren Degn, Chief Financial Officer 219.7K 237.9K 0.00%
30 2013 Lasse Andreassen, Former Chief Executive Officer and Board Member 217.3K 217.3K 0.00%
31 2013 Johnny Marcher, Chief Operating Officer 147.1K 153.0K 0.00%
32 2013 Donald S. Debelak, Former Head of U.S. Operations 14.9K 14.9K 0.00%
33 2012 Lasse Andreassen, Former Chief Executive Officer and Board Member 212.0K 118.2K 351.4K 33.63%
34 2012 Soren Degn, Chief Financial Officer 180.2K 70.9K 269.2K 26.34%
35 2012 Donald S. Debelak, Former Head of U.S. Operations 163.5K 70.9K 234.4K 30.25%
36 2012 Johnny Marcher, Chief Operating Officer 106.6K 108.0K 0.00%
37 2012 Finn Helmer, Former Chief Executive Officer
38 2011 Donald S. Debelak, Head of U.S. Operations 162.0K 2.5K 164.5K 1.51%
39 2011 Lasse Andreassen, Former Chief Executive Officer and Board Member 104.4K 3.1K 115.4K 2.72%
40 2011 Lasse Andreassen, Chief Executive Officer 104.4K 3.1K 115.4K 2.72%
41 2011 Soren Degn, Chief Financial Officer 64.4K 2.6K 67.0K 3.90%
42 2011 Jens Husted Kjær, CEO of Cometas 45.0K 45.0K 0.00%
43 2010 Jens Husted Kjær, CEO of Cometas 166.6K 166.6K 0.00%
44 2010 Donald S. Debelak, Head of U.S. Operations 162.0K 162.0K 0.00%
45 2010 Lasse Andreassen, Chief Executive Officer 147.4K 147.4K 0.00%
46 2010 Soren Degn, Chief Financial Officer
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2025-04-21 DEFA14A
2025-04-21 DEF 14A
2024-10-07 DEF 14A
2024-09-27 PRE 14A
2023-09-25 DEFA14A
2023-09-25 DEF 14A
2023-09-15 PRE 14A
2022-10-03 DEFA14A
2022-10-03 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-04-15 3
2026-03-19 10-K/A
2026-02-27 10-K
2026-02-18 8-K
2026-01-30 S-8
2026-01-13 4
2026-01-13 4
2025-11-14 SC 13G/A
2025-11-14 10-Q
2025-09-16 4

Executive team

NameTitleCompensationGender
Fei Chen Chief Executive Officer, President & Director 417.9K female
David Nørby Foss Kowalczyk Chief Financial Officer & Chief Operating Officer 351.4K male
Tobias Baldrian Madsen Head of Strategy and Business Intelligence male
ESG Rating
B
INDUSTRIAL - POLLUTION & TREATMENT CONTROLS
Rank: 21 out of 22
2025
E (Environmental)
70.0 / 65.3
Company / Sector avg.
S (Social)
66.1 / 69.6
Company / Sector avg.
G (Governance)
61.7 / 65.4
Company / Sector avg.
ESG Total
66.0 / 66.8
Company / Sector avg.
ESG Score History INDUSTRIAL - POLLUTION & TREATMENT CONTROLS
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits