GlobalTech Corporation (OTCID: GLTK) has reported a notable 23.3% increase in revenue for the second quarter of 2025, achieving $5.63 million compared to $4.56 million in the same period the previous year. This growth is largely due to a 39% year-over-year increase in international termination minutes, highlighting the company's robust performance in the telecom sector. The company also saw a narrowed net loss of $1.12 million, or $0.008 per share, down from $1.23 million, or $0.009 per share, in the prior-year quarter.
Adjusted EBITDA loss improved to $1.84 million from $2.45 million, a reflection of the company's 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 consistent at $0.69 million. With $3.38 million in cash and cash equivalents at the end of the quarter, including $2.67 million in restricted cash, GlobalTech is positioned to continue its growth trajectory.
CEO Dan Green pointed to the company's LDI, broadband, and technology services segments as key drivers of this performance. Green also underscored the company's commitment to expanding its network and enhancing its AI and big data offerings, which are anticipated to further bolster future results. For more detailed information on GlobalTech Corporation's Q2 2025 financial results, visit https://ibn.fm/hWalJ.
