CoroWare, Inc. Provides Earnings Guidance for the Second Quarter Ended June 30, 2016
June 15, 2016 at 08:30 am EDT
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CoroWare, Inc. provided earnings guidance for the second quarter ended June 30, 2016. For the period the company expects to report gross revenues of over $1.7 million, and year-over-year growth of over 25% compared with gross revenues reported in the second quarter of 2015. This revenue guidance is based on the company's un-audited second quarter 2016 financial statements.
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.