Graphene & Solar Technologies net loss widens to $8.76 million in FY26 nine months ended June 30
GSTX•Strategy remains centered on silicon wafers
The company said its strategy centers on silicon wafers, with QSM planning 10GW wafer plants in the U.S. and Australia, pending financing.
Liquidity weakens as cash and working capital fall
Cash fell to $50,047 as of June 30, 2026, leaving a working capital deficit of $5.32 million.
Current liabilities rose 9% to $5.38 million, while accrued interest payable increased to $315,323.
Nine-month loss widens on no revenue and higher expenses
Graphene & Solar Technologies posted no revenue for the quarter ended June 30, 2026, with operating expenses jumping to $6.14 million.
Net loss before taxes widened to $8.76 million for the nine months ended June 30, 2026.
