Coroware, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
September 03, 2021 at 11:46 pm IST
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CoroWare, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced operating income was USD 251,236 compared to operating loss of USD 37,500 a year ago. Net loss was USD 43.329 million compared to net income of USD 227,674 a year ago. For the half year, operating income was USD 213,736 compared to operating loss of USD 75,000 a year ago. Net loss was USD 49.666 million compared to USD 1.246 million a year ago.
CarbonMeta Technologies, Inc. is a research and development company. The Company is engaged in developing technologies related to remediation of organic wastes that can generate economically sustainable hydrogen, high-value carbon, and construction industry products. It offers Carbon Nanotubes, which is a black-clustered powder that is used as an additive in various materials. The Companyâs wholly owned subsidiaries include CoroWare Technologies, Inc. (CTI), CoroWare Robotics Solutions, Inc. (CRS), Robotic Workspace Technologies, Inc. (RWT), Carbon Source, Inc. (CS), CoroWare Treasury, Inc. (CWT), and CarbonMeta Research Ltd. (CMR). CSâs principal business is waste reclamation technologies and processing. CMR is focused on the development of technologies and solutions for processing organic wastes and generating sustainable hydrogen and high-value carbon products. CWT is engaged in acquiring technologies and subsidiary businesses related to waste processing.