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Global Technologies, Ltd. Files Third Quarter 10-Q with SEC Highlighting Substantial Revenue Growth and Strategic Expansion

GlobeNewswire LogoGlobeNewswire15h ago

Global Technologies, Ltd. Files Third Quarter 10-Q with SEC Highlighting Substantial Revenue Growth and Strategic Expansion - GlobeNewswire

Quick Summary:

Q3 Financial Highlights (Nine Months Ended March 31, 2025): • Revenue: $2,588,452, a 473% increase from $451,509 for the same period in 2024 • Gross Profit: $904,115, up 935% from $87,310 in the prior year • Operating Expenses: Increased to $629,078, up from $501,650 in the prior year, reflecting expanded investment into consulting services and product development • Net Income: $250,059, down from $526,230* in the prior year, due to continued investment in new growth initiatives         *The Net Income for the nine months ended March 31, 2024 was largely attributed to a gain in derivative liability, thus highlighting Global’s continued move towards operational revenue and profits.

GREENSBORO, NC, May 16, 2025 (GLOBE NEWSWIRE) -- Global Technologies, Ltd.(OTC PINK: GTLL) ("Global” or the "Company”), a publicly traded, multi-operational company driving innovation and sustainable growth across the technology and service sectors, today announced the filing of its Quarterly Report on Form 10-Q for the period ending March 31, 2025.

"Our pivot into the health and wellness sector is beginning to yield meaningful results, and our ongoing development of proprietary platforms will help position the Company for long-term shareholder value creation.” The Company’s full Form 10-Q filing includes detailed financial statements and management’s discussion and analysis of operations.

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Article Details

Author / Journalist: Global Technologies, Ltd

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 12:00:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 28745437

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 43 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 9 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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