Graphene & Solar Technologies Narrows Q1 Net Loss to $858,890

Graphene & Solar Technologies Limited, a Colorado-based company focused on graphene and solar materials technology, reported a net loss of $858,890 for the quarter ending December 31, 2025, compared to a loss of $1.04 million in the same period a year earlier. The company reported no revenue for the quarter. Read more earnings reports.

Operating expenses declined to $759,871 from $965,764 in the prior-year quarter, a reduction of $205,893 or 21%. The operating loss for the quarter narrowed to $759,871 from $965,764 in the year-ago period.

Cash operations consumed $107,078 during the quarter, slightly higher than the $99,555 burn rate in the prior-year quarter. The company raised $272,900 through financing activities, up from $199,416 a year earlier, and generated $13,218 from investing activities.

Cash and cash equivalents stood at $78,842 as of December 31, 2025, down from $103,019 at the end of the prior fiscal year but up from $57,365 at the end of the previous quarter. Total assets increased marginally to $323,798 from $313,046 as of September 30, 2025.

The company's balance sheet showed total liabilities of $4.75 million as of December 31, down from $4.87 million three months earlier. Current liabilities accounted for $4.70 million of the total. The company carried a retained deficit of $75.18 million at quarter-end, compared to $74.32 million as of September 30.

Graphene & Solar Technologies had 726.2 million common shares outstanding as of December 31, unchanged from the prior quarter. Loss per share rounded to $0.00 on both a basic and diluted basis, based on a weighted average of 840.6 million shares outstanding during the quarter.

Financial Summary