GlobalTech Corporation (OTCID: GLTK), a technology holding company with a focus on artificial intelligence and big data solutions, has announced a 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 was primarily fueled by a 39% year-over-year surge in international termination minutes, showcasing the company's robust performance in the telecom sector.
The company also reported a narrowed net loss of $1.12 million, or $0.008 per share, compared to a net loss of $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, attributed to operational efficiencies and reduced finance costs. Despite these improvements, the loss from operations slightly increased 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 concluded the quarter with $3.38 million in cash and equivalents, including $2.67 million in restricted cash. CEO Dan Green emphasized the results reflect the strength of the company's LDI, broadband, and technology services segments. Green also highlighted the company's ongoing efforts to expand its network and grow its AI and big data offerings, signaling a strategic focus on these high-growth areas.
This financial performance is significant for investors and the telecom industry, as it underscores GlobalTech's ability to leverage its technological expertise and operational efficiencies to drive revenue growth and reduce losses. The company's focus on AI and big data solutions positions it well in a rapidly evolving tech landscape, offering potential for further growth and innovation. For more details on GlobalTech's Q2 2025 performance, visit https://ibn.fm/hWalJ.
