G6 Materials reports 1Q21 financial results
G6 Materials (Formerly called Graphene 3D Lab) has announced its unaudited financial results for the first quarter of the fiscal year ending August 31, 2020.
In its report, G6 Materials shared that revenue for the first quarter reached a record level of $1,169,426, which is a 188% increase from the $406,684 reported for the fourth quarter of 2020 and a 497% increase from the $195,928 reported for the same period of the prior year, which was primarily due to strong customer demand for the Company's air purification products and the receipt of a one-time payment as per the terms of a license and option agreement.