Business
GlobalTech Corporation Reports Third Quarter 2025 Financial Results
GlobalTech Corporation Reports Third Quarter 2025 Financial Results.
About this update from Globaltech Corp
[{"type":"text","content":"\r\n\r\n \r\n \r\n GlobalTech Corporation Reports Third Quarter 2025 Financial Results\r\n \r\n \r\n\r\n\r\nGlobalTech Corporation Reports Third Quarter 2025 Financial Results\r\n\r\n\r\n\r\n\r\n\r\nRENO, Nev., Nov. 12, 2025 (GLOBE NEWSWIRE) -- GlobalTech Corporation (OTCID:GTLK)(“GlobalTech” or the “Company”), a technology holding company specializing in artificial intelligence (AI) and big data solutions, today announced its financial results for the third quarter ended September 30, 2025. Third Quarter Financial Highlights \r\n Net revenue increased 10% to $5.5 million, compared to $5.0 million in Q3 2024\r\n Operating Loss was $516,000, versus a loss of $1,100,000 in the year-ago period\r\n Net loss was $713,000, compared to net loss of $456,000 in Q3 last year\r\n Adjusted EBITDA was $10,000, compared to $946,000 in Q3 2024*\r\n Net loss per common share was negative $0.005, versus negative $0.007 in Q3 2024\r\n Operating cash flow was $283,000, versus $390,000 in Q3 2024\r\n Cash and cash equivalents were $3.8 million as of September 30, 2025, including $2.8 million in restricted cash\r\n Dan Green, GlobalTech CEO commented, \"Our third quarter reflected continued top-line growth and steady execution of our transformation toward a service- and technology-centric business. We have made meaningful progress across each of our technology segments and strengthened our leadership team with the appointment of Frank Parrish as President, who brings deep operational and growth experience to help accelerate our next phase of expansion. We also added seasoned finance and audit professional Iqbal Safdar to the team as director of operations.” Our Technology Services and Products segment continue to expand, highlighted by strong client delivery and growing software revenues. We completed a blockchain-based custom platform on Hyperledger® for a UK client and are seeing growing momentum as more products move toward commercial readiness. Our BillCare platform (www.billcare.io), initially developed as an internal billing system, has evolved into a commercial-grade subscriber management solution for the cable industry and is now being launched in the U.S. In digital finance, our CADNZ platform, an AI-ready digital lending solution for community banks and credit unions, is nearing commercial launch, re...