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GLG Life Tech Q2 loss widens to $6.1M
Business
— Aug 31, 2026
GLG Life Tech reported a Q2 FY26 net loss of $6.1 million as revenues fell 19% year over year to $2.3 million, with a gross margin of 22% but offset by non-operating expenses and the absence of a one-time gain from the Runhai disposal that boosted Q2 FY25. For the six months, revenue declined 23% to $4.7 million and gross margin was 17%, with SG&A stable and debt-related costs continuing to weigh on profitability despite stabilization of operating cash flow.
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Rachel Meyers
Debt costs keep eating whatever margin they scrape together, hard to see a turnaround coming soon.
Breaking Exclusive From Gen. Flynn: Here’s the Truth About Putin’s Real Plan – It’s Time to Pray
Opinion
— Feb 24, 2022
With the price of oil pushing above $100 per barrel, the U.S. stock market opening with heavy losses, more global economic challenges looming, the real potential for significant loss of life, and the international…
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