GlobalTech Corporation (OTCID: GTLK), a leader in artificial intelligence and big data solutions, announced a 23.3% increase in revenue for the second quarter of 2025, reaching $5.63 million compared to $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, 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, reflecting 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 ended the quarter with $3.38 million in cash and equivalents, including $2.67 million in restricted cash. CEO Dan Green attributed the positive 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 more details on GlobalTech Corporation's Q2 2025 financial results, visit https://ibn.fm/hWalJ.
