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Message: G4 Materials Reports 2020 Annual Financial Results
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G6 Materials Reports 2020 Annual Financial Results 
 
Results feature record quarterly revenues in 4Q20, which increased by 2.4x over 3Q20
 
Ronkonkoma, New York, USA - TheNewswire – October 1, 2020 - G6 Materials Corp. (“G6” or the “Company”) (TSXV: GGG, OTCQB: GPHBF), a technology company and world-leader in creating value through innovative graphene-based solutions, is pleased to announce that it has filed its audited financial results for the fiscal year ending May 31, 2020, the highlights of which are included in this news release. The full set of Consolidated Financial Statements and Management Discussion and Analysis can be viewed by visiting G6’s website at www.g6-materials.com or its profile page on SEDAR at www.sedar.com.
 
Financial Highlights
 
  • Revenue for the fourth quarter ended May 31, 2020 reached a record level of $406,684, which is a 2.4x increase from the $169,237 reported for the third quarter of 2020 and a 2.0x increase from the $206,609 reported for the same period of the prior year
  • Revenue for the year ended May 31, 2020 was $922,614, which is similar to the $946,834 reported in the previous fiscal year
  • Comprehensive loss for the fourth quarter ended May 31, 2020 was $251,168, a 11% increase from the $226,213 reported for the third quarter of 2020 and a 248% increase from the $72,212 reported for the same period of 2019
  • Comprehensive loss for the year ended May 31, 2020 was $1,002,112, a 69% increase from the $601,565 reported for the same period of 2019
  • Total assets for the year ended May 31, 2020 increased by 9% to $1,165,686 from $1,066,851 for the same period of last year

 

See the entire report  for all the details.  The above is just the first part of that report
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