Graphene 3D Lab (G3L) announced its financial results for Q1 2016. Revenues increased to $265,271 - up 354% from last quarter's revenues of $58,369. This quarter is the first one in which the company incorporates its acquired subsidiary Graphene Labs, so this increase in revenue is probably mostly due to the revenues of Graphene Labs (which were only partially recognized, as the merger finalized in mid December).

Last month G3L announced that it moves forward with the next task of its research, development and royalty agreement with a Fortune 500 listed manufacturer. G3L has successfully concluded the initial task of the Agreement. Last month G3L also announced the commencement of a new production reactor that results in a 5-fold increase of production capabilities.

G3L recently raised around $700,000 in a private placement.