G6 Materials Corp (GGG)

[Sabsiosa]

Nice find on stockhouse...


New Numbers again for period enden NOV 19!

Read this before, stated in their MDA

(1) The decrease in gross profit for the quarter ended November 30, 2019, was primarily due to certain projects were ended during the previous quarter, resulting in decreasing in revenue. Besides, there was an increase in shipping costs of direct materials and customer shipments due to the deficiency in production, resulting in increasing in costs of goods sold.

(2) The decrease in gross profit for the quarter ended August 31, 2019 was primarily due to certain projects were ended during the quarter, resulting in decreasing in revenue. Besides, there was an increase in shipping costs of direct materials and customer shipments, resulting in increasing in costs of goods sold.

What BS is that? This company is cooked. They should better file bk. IMO
Their products are useless, definitly. They had the worst revenue in the last quarter for the last 3 years and the highest loss aswell ! Hands off. IMPROVEMENT!

Numbers:
Nov 19 Aug 19 May 19 Feb 19 Nov 18 Aug 18 May 18 Feb 18
Revenue 150765 195928 206609 305790 224898 209537 229442 235592
COG 128215 122459 13851 69648 201218 96855 5888 127329
Gross profit 22550 73469 192758 236142 23680 112682 223554 108263

NET LOSS 343951 180449 171319 48905 292056 184903 111817 303707


I think everbody knows the next steps of this fail company.