Liquidmetal Technologies Inc (OTCMKTS:LQMT): The Future Looks Bright

Liquidmetal Technologies Inc (OTCMKTS:LQMT) is one we've looked at a few times over the past twelve months, with our initial focus on the company primarily rooted in its affiliation with Apple Inc.(NASDAQ:AAPL), and the potential integration of a some Liquidmetal patented materials into the next generation of Apple devices.In the time since our last coverage, however, the company has gone from being a punt play reliant on big name adoption of its technology for value, to what looks like a strong play in its own right.A circa $60 million investment (equity) by now CEO and Chairman Professor Lugee Li has given Liquidmetal the wiggle room it needed to really start to establish itself as a forward looking company towards the end of last year, and a number of important updates have hit press since this investment, each of which are supportive of our suggestion that there's a bright future ahead for this currently seemingly undervalued materials technology company.Here's an attempt to back up that statement.Back on January 24, Liquidmetal announced that it had purchased a new manufacturing facility in Lake forest, California. It's a 41,000 square foot property, and it cost the company around $7.8 million. This announcement came a couple of weeks after Liquidmetal's announcing of an order for its first die cast machine, and the two announcements go hand in hand to suggest that this company is looking to increase output, and that leadership (read: CEO Li) feels that there's sufficient potential demand to absorb the company's increase in output capability.Fast forward to the end of March, and Liquidmetal announced that it has passed an implant study. This was essentially the final piece of the puzzle in an effort to get the material produced at its facility into the medical markets – specifically, for use as an implant material. That's a big market, and one that Liquidmetal is looking to initially penetrate with products aimed at market subsectors including cardiac rhythm, cochlear, spinal, and orthopedic implants. If the company can capitalize on this, and score some contracts that see it make an entrance into the space, it's going to be a real revenue driver going forward. It's also a near term catalyst – Paul Hauck, VP Sales, noted in the release accompanying the announcement that Liquidmetals is now focused on picking up some partnerships with medical implant manufacturers. If we see any such partnerships materialize (and there's no reason why we shouldn’t near to medium term) then there's a nice upside bump on offer as the news hits press.Shortly before this implant news came out, management held a conference call, and it's on a couple of things from this call that we're basing the majority of our opinion that this stock could be a winner.First and foremost, that the primary objective right now is to get to profitability. This is a company that has struggled with toxic debt, management missteps, all that sort of thing over the past few years. With a new CEO in place (who isn’t getting paid, so he's relying on the equity he accrued on the back of the above discussed raise for compensation) and a focus on driving the company to profitability, shareholder sentiment must be at or near an all time high.Second, the latest earnings report is the first in history for Liquidmetal to get signed off without a going concern risk factor. As the team points out, this is largely due to the $60 million investment, but that doesn’t take away from the achievement. It suggests the company is moving in the right direction, and with cash on hand that its spending on infrastructure and capex driven expansion, not management bonuses and salary, there looks to be plenty of upside on offer.We will be updating our subscribers as soon as we know more. For the latest updates on LQMT, sign up below!Disclosure: We have no position in LQMT and have not been compensated for this article.