IGC Reports Financial Results for Second Fiscal Quarter Ended Sept. 30, 2022
India Globalization Capital, Inc. (NYSE American: IGC) (IGC or the Company) today reported its second fiscal quarter 2023 financial results.
- India Globalization Capital, Inc. (NYSE American: IGC) (IGC or the Company) today reported its second fiscal quarter 2023 financial results.
- Sales of the Companys CBD-infused products and services increased about 345% for the six-months ended September 30, 2022 compared to the six-months ended September 30, 2021.
- Revenue was approximately $202,000 for the three months ended Sept. 30, 2022, compared to $56,000 for the three months ended Sept. 30, 2021.
- Research and Development (R&D) expenses were $768,000 for the three months ended Sept. 30, 2022, compared to approximately $276,000 for the three months ended Sept. 30, 2021.