Business

The Latest Financial Results of G6 Materials Have Been Reported

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BUSINESS

The Latest Financial Results of G6 Materials Have Been Reported

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G6 Materials, a spin off company from Graphene Labs, has reported their financial results from the last quarter. 

On the positive end of the spectrum, their overall net loss decreased by a whopping 7%, so that it’s only at $610,000. Unfortunately with good news comes bad news, that bad news being that their overall revenue decreased by 6% since the last quarter, causing them to only rake in $320,000. 

In terms of where they plan to go in the future, G6 Materials has revealed that they’ve obtained a 5 year agreement with an EU-based global micro connector company, where they will supply them materials. They will also be working with the U.S. Army Engineer Research & Development Center in order to confront environmental challenges that come up through their work.

Lana Thomas

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