GlobalTech Corporation (OTCID: GTLK), a leader in artificial intelligence and big data solutions, has reported a significant 23.3% increase in revenue for the second quarter of 2025, reaching $5.63 million, up from $4.56 million in the same period last year. This growth is largely attributed to a 39% year-over-year surge in international termination minutes, underscoring the company's robust performance in the telecom sector.
The company also noted a narrowed net loss of $1.12 million, or $0.008 per share, compared to $1.23 million, or $0.009 per share, in the prior-year quarter. Adjusted EBITDA loss improved, decreasing to $1.84 million from $2.45 million, reflecting operational efficiencies and reduced finance costs. However, the loss from operations saw a slight increase to $0.96 million from $0.92 million in Q2 2024, while the non-GAAP loss from operations remained steady at $0.69 million.
GlobalTech ended the quarter with $3.38 million in cash and equivalents, including $2.67 million in restricted cash. CEO Dan Green highlighted the strength of the company's LDI, broadband, and technology services segments, pointing to ongoing efforts to expand the network and grow AI and big data offerings. For more details on GlobalTech's financial performance, visit https://ibn.fm/hWalJ.
This financial update emphasizes GlobalTech's strategic focus on leveraging cutting-edge technologies to drive growth and operational efficiency. The company's ability to significantly reduce its losses while expanding its revenue base showcases its potential for sustained growth in the competitive tech landscape.
