Graph Blockchain Corp: Graph Earned $84,483 in Q2
Graph Blockchain Inc. (
Company" or "
Graph") is pleased to announce record second quarter 2021 ("Q2") financial and operating results. All currency is in Canadian dollars, unless otherwise stated.
The company's net income increased to $84,483 in Q2 compared to a loss of $11,429 in the same period last year. The Company's current assets improved significantly to $548,028, which includes cash, trade and other receivables and inventory, compared to $128,365 at the end of fiscal year ended April 30, 2020. The Company's revenue was $397,051 for Q2 with a gross profit of $97,803, resulting from the sale of all COVID-19 related essential products, including lab equipment and supplies as well as personal protective equipment. Included in the results for Q2 is a non-cash gain on settlement of debts of $193,002.