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GZ6G Technologies Corp.

gz6g.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed May 15, 2023. Its latest SEC filing is a RW from Nov 29, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Provides wireless networks, Wi-Fi media and communication systems, and digital marketing and sponsorship services to cities, large venues, and businesses.

How Did They Make Money?

Customers pay for Wi-Fi and communication hardware and software, installation and related support, as well as service and sponsorship agreements. Licensing contracts bring licensing fees and revenue sharing; managed IT monitoring includes recurring monthly fees.

FY2022 revenue

Who Were Their Customers?

Cities, stadiums and other large venues, universities, and businesses buy wireless and IT services and connected Wi-Fi media solutions. The company markets directly to venues and smart cities and also uses strategic partners to make introductions and referrals; sponsors and their advertising agencies buy access to venue audiences.

Did Revenues Turn Into Profits?

No. It lost $6.9M in FY2022.

Operating income, FY2022
−1565% of revenue
▲ +144% (Loss) vs FY2021 (−$1.4M, −1822%)
Net income, FY2022
−3096% of revenue
▼ −32% (Loss) vs FY2021 (−$10M, −12861%)
Free cash flow, FY2022
−1182% of revenue
▲ +62% (Loss) vs FY2021 (−$1.6M, −2079%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q1 FY2023, the three months to Mar 31, 2023
Revenue
▲ +2252%
vs $3K in Q1 FY2022
Net income
▲ Now profitable
vs −$2.9M in Q1 FY2022

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