GlobalTech Corporation Reports 23% Revenue Growth in Q2 2025 Driven by Telecom Sector
TL;DR
GlobalTech's Q2 2025 revenue surged 23.3% to $5.63 million, showcasing a competitive edge in AI and big data with international growth driving performance.
GlobalTech reported a narrowed net loss to $1.12 million, with operational efficiencies and lower finance costs improving adjusted EBITDA loss to $1.84 million.
GlobalTech's focus on AI and big data expansion promises to enhance global technological advancements, making tomorrow's innovations more accessible and impactful.
Discover how GlobalTech's 39% increase in international termination minutes fuels its growth in AI and big data, marking a significant leap in tech evolution.
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GlobalTech Corporation (OTCID: GTLK), a leading technology holding company specializing in artificial intelligence and big data solutions, has announced a remarkable 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 strong 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 showed improvement, decreasing to $1.84 million from $2.45 million, a testament to the company's operational efficiencies and reduced finance costs. Despite these advancements, 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 a solid financial position, holding $3.38 million in cash and equivalents, which includes $2.67 million in restricted cash. CEO Dan Green attributed these results to the robust performance of the company's LDI, broadband, and technology services segments. Green emphasized the company's ongoing commitment to expanding its network and enhancing its AI and big data offerings, which are pivotal to its growth strategy.
For further details on GlobalTech Corporation's Q2 2025 financial results, interested parties can view the full press release here. This announcement not only reflects GlobalTech's resilience and adaptability in a competitive market but also signals potential opportunities for investors and stakeholders in the evolving tech landscape.
Curated from InvestorBrandNetwork (IBN)
