Announcement • Apr 28
G6 Materials Corp. Filed for Bankruptcy G6 Materials Corp., along with its one affiliate, filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the Southern District of New York on April 27, 2026. The debtor listed its assets of less than $0.05 million and liabilities in the range of $1 million to $10 million. The debtor is represented by Erica Feynman Aisner of Kirby Aisner & Curley LLP as its legal counsel. Fred Stevens of Klestadt Winters Jureller Southard & Stevens, LLP has been appointed as the case trustee. New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended February 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$532k free cash flow). Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (€441.4k market cap, or US$464.7k). Minor Risks Latest financial reports are more than 6 months old (reported February 2024 fiscal period end). Revenue is less than US$5m (US$1.2m revenue). Reported Earnings • May 01
Third quarter 2024 earnings released: US$0.009 loss per share (vs US$0.027 loss in 3Q 2023) Third quarter 2024 results: US$0.009 loss per share (improved from US$0.027 loss in 3Q 2023). Revenue: US$222.3k (down 40% from 3Q 2023). Net loss: US$149.2k (loss narrowed 67% from 3Q 2023). New Risk • Mar 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 39% per year over the past 5 years. Market cap is less than US$10m (€1.27m market cap, or US$1.38m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (US$1.3m revenue). Reported Earnings • Jan 30
Second quarter 2024 earnings released: US$0.027 loss per share (vs US$0.056 loss in 2Q 2023) Second quarter 2024 results: US$0.027 loss per share (improved from US$0.056 loss in 2Q 2023). Revenue: US$298.0k (down 39% from 2Q 2023). Net loss: US$437.0k (loss narrowed 52% from 2Q 2023). Board Change • Jan 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gary Dyal was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 05
G6 Materials Corp. Announces Executive Changes G6 Materials Corp. announced appointment of Kevin Cornish, Chief Financial Officer and interim Chief Executive Officer of the Company, as a member of G6s board of directors . The Company announced the resignation of Elena Polyakova as a member of the Companys Board, effective immediately. Dr. Polyakovas resignation from the Board coincides with her departure as Chief Operating Officer of the Company on January 5, 2023. Announcement • Dec 14
G6 Materials Corp. announced that it expects to receive CAD 1 million in funding G6 Materials Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.10 per unit for the aggregate gross proceeds of CAD 1,000,000 on December 14, 2023. Each unit is comprised of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional share of the company at an exercise price of CAD 0.25 per share for a period of 3 years from the closing date of the Offering. All securities issued pursuant to the offering will be subject to a statutory hold period of four months plus a day from issuance in accordance with applicable securities laws. Closing of the offering is subject to receipt of all necessary regulatory approvals. Finder’s fees may be payable on a portion of the offering. Announcement • Dec 12
G6 Materials Corp. Announces Resignation of Daniel Stolyarov as Independent G6 Materials Corp. industrial announces the resignation of Daniel Stolyarov as an independent member of the Company's board of directors, effective immediately. Dr. Stolyarov's resignation from the Board follows his departure as President, Chief Technology Officer and Co-Chief Executive Officer of the Company previously announced on October 26, 2023. G6 remains committed to its mission and objectives and the Board looks forward to the continued evolution of the organization by the management team. Reported Earnings • Nov 01
First quarter 2024 earnings released: US$0.026 loss per share (vs US$0.05 loss in 1Q 2023) First quarter 2024 results: US$0.026 loss per share (improved from US$0.05 loss in 1Q 2023). Revenue: US$320.9k (down 11% from 1Q 2023). Net loss: US$426.9k (loss narrowed 34% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year whereas the company’s share price has fallen by 40% per year. Announcement • Oct 29
G6 Materials Corp. Announces Chief Executive Officer Changes G6 Materials Corp. announced that the independent members of its Board of Directors have appointed Mr. Kevin Cornish, MBA, CPA, CPHR as President and interim Chief Executive Officer (CEO) of the Company, effective immediately. Mr. Cornish appointment is in addition to his current role as the Companys Chief Financial Officer (CFO"). The appointment follows the departure of Daniel Stolyarov as President, Chief Technology Officer and Co-Chief Executive Officer of the Company. The Companys other Co-CEO, Elena Polyakova, has agreed to become its Chief Operating Officer, effective immediately. Ms. Polyakovas new role includes the hand-off of all operations-related duties from Mr. Cornish, as well as the most appropriate scientific, technological, corporate and other areas of responsibility previously assigned to Dr. Stolyarov. Announcement • Oct 28
G6 Materials Corp. Announces Management Changes G6 Materials Corp. announced that the independent members of its Board of Directors have appointed Mr. Kevin Cornish, MBA, CPA, CPHR as President and interim Chief Executive Officer (CEO) of the Company, effective immediately. Mr. Cornish appointment is in addition to his current role as the Companys Chief Financial Officer (CFO"). The appointment follows the departure of Daniel Stolyarov as President, Chief Technology Officer and Co-Chief Executive Officer of the Company. The Companys other Co-CEO, Elena Polyakova, has agreed to become its Chief Operating Officer, effective immediately. Ms. Polyakovas new role includes the hand-off of all operations-related duties from Mr. Cornish, as well as the most appropriate scientific, technological, corporate and other areas of responsibility previously assigned to Dr. Stolyarov. Announcement • Oct 13
G6 Materials Corp., Annual General Meeting, Dec 12, 2023 G6 Materials Corp., Annual General Meeting, Dec 12, 2023. Reported Earnings • Sep 28
Full year 2023 earnings released: US$0.17 loss per share (vs US$0.37 loss in FY 2022) Full year 2023 results: US$0.17 loss per share (improved from US$0.37 loss in FY 2022). Revenue: US$1.55m (up 14% from FY 2022). Net loss: US$2.72m (loss narrowed 43% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • May 03
Third quarter 2023 earnings released: US$0.003 loss per share (vs US$0.003 loss in 3Q 2022) Third quarter 2023 results: US$0.003 loss per share (in line with 3Q 2022). Revenue: US$370.7k (up 9.7% from 3Q 2022). Net loss: US$446.2k (loss widened 5.7% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 01
Second quarter 2023 earnings released: US$0.006 loss per share (vs US$0.005 loss in 2Q 2022) Second quarter 2023 results: US$0.006 loss per share (further deteriorated from US$0.005 loss in 2Q 2022). Revenue: US$490.5k (up 53% from 2Q 2022). Net loss: US$911.9k (loss widened 49% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 27
Full year 2022 earnings released: US$0.037 loss per share (vs US$0.011 loss in FY 2021) Full year 2022 results: US$0.037 loss per share (further deteriorated from US$0.011 loss in FY 2021). Revenue: US$1.36m (down 30% from FY 2021). Net loss: US$4.74m (loss widened 319% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 01
Third quarter 2022 earnings released: US$0.002 loss per share (vs US$0.004 loss in 3Q 2021) Third quarter 2022 results: US$0.002 loss per share. Revenue: US$337.9k (up 28% from 3Q 2021). Net loss: US$422.1k (loss widened 30% from 3Q 2021). Reported Earnings • Jan 29
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: US$0.005 loss per share (down from US$0.004 loss in 2Q 2021). Revenue: US$320.2k (down 37% from 2Q 2021). Net loss: US$610.3k (loss widened 90% from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 31
First quarter 2022 earnings released: US$0.004 loss per share (vs US$0.002 profit in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: US$341.1k (down 71% from 1Q 2021). Net loss: US$571.2k (down US$696.2k from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Sep 29
Full year 2021 earnings released: US$0.011 loss per share (vs US$0.012 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: US$1.94m (up 110% from FY 2020). Net loss: US$1.13m (loss widened 11% from FY 2020). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Reported Earnings • May 02
Third quarter 2021 earnings released: US$0.004 loss per share (vs US$0.003 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: US$263.4k (up 56% from 3Q 2020). Net loss: US$323.6k (loss widened 42% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 04
President recently sold €182k worth of stock On the 26th of February, Daniel Stolyarov sold around 783k shares on-market at roughly €0.23 per share. This was the largest sale by an insider in the last 3 months. This was Daniel's only on-market trade for the last 12 months. Is New 90 Day High Low • Mar 04
New 90-day high: €0.26 The company is up 623% from its price of €0.036 on 03 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 12% over the same period. Is New 90 Day High Low • Feb 23
New 90-day high: €0.25 The company is up 490% from its price of €0.042 on 24 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. Reported Earnings • Feb 01
Second quarter 2021 earnings released: US$0.004 loss per share (vs US$0.005 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$506.1k (up 236% from 2Q 2020). Net loss: US$321.6k (loss narrowed 6.5% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 01
First quarter earnings released Over the last 12 months the company has reported total losses of US$708.8k, with losses widening by 19% from the prior year. Total revenue was US$1.90m over the last 12 months, up 103% from the prior year. Reported Earnings • Sep 29
Full year earnings released - €0.012 loss per share Over the last 12 months the company has reported total losses of US$1.01m, with losses widening by 69% from the prior year. Total revenue was US$922.6k over the last 12 months, down 2.5% from the prior year.