Global Interactive Technologies Inc Financials
This page shows Global Interactive Technologies Inc (GITS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Global Interactive Technologies Inc's revenue declined 100% year-over-year, from $794K to $0. This contraction results in a growth score of 0/100.
Global Interactive Technologies Inc carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Global Interactive Technologies Inc's current ratio of 0.00 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
Global Interactive Technologies Inc generates a -107.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -71.1% the prior year.
Global Interactive Technologies Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Global Interactive Technologies Inc generates $0.07 in operating cash flow (-$456K OCF vs -$6.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Global Interactive Technologies Inc earns $-752.2 in operating income for every $1 of interest expense (-$888K vs $1K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Global Interactive Technologies Inc generated $0 in revenue in fiscal year 2024. This represents a decrease of 100.0% from the prior year.
Global Interactive Technologies Inc's EBITDA was -$882K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 47.1% from the prior year.
Global Interactive Technologies Inc reported -$6.2M in net income in fiscal year 2024. This represents an increase of 33.5% from the prior year.
Global Interactive Technologies Inc earned $-2.34 per diluted share (EPS) in fiscal year 2024. This represents an increase of 36.4% from the prior year.
Cash & Balance Sheet
Global Interactive Technologies Inc held $2K in cash against $0 in long-term debt as of fiscal year 2024.
Global Interactive Technologies Inc had 53M shares outstanding in fiscal year 2024. This represents an increase of 1900.0% from the prior year.
Margins & Returns
Global Interactive Technologies Inc's ROE was -107.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 36.5 percentage points from the prior year.
Capital Allocation
GITS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2K+6237.9% | $29 | $0 | N/A | N/A | $13-93.0% | $185 | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $2K+6237.9% | $29 | N/A | N/A | N/A | $13-93.0% | $185 | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$541K+20.0% | -$677K-20.1% | -$563K | N/A | -$209K+37.7% | -$335K-103.6% | -$165K | N/A |
| Interest Expense | $351+113.6% | -$3K+20.6% | -$3K | N/A | $40K+572557.1% | $7 | $0 | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$543K+19.9% | -$678K-19.7% | -$567K | N/A | -$492K+12.5% | -$562K+46.3% | -$1.0M | N/A |
| EPS (Diluted) | $-0.17+22.7% | $-0.22-10.0% | $-0.20 | N/A | $-0.19+9.5% | $-0.21+47.5% | $-0.40 | N/A |
GITS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.9M-6.8% | $6.3M+3.1% | $6.1M-4.5% | $6.4M-67.0% | $19.4M+3.5% | $18.8M-3.8% | $19.5M-5.1% | $20.5M |
| Current Assets | $120K+365.5% | $26K+2540.3% | $977-67.3% | $3K-100.0% | $17.2M+4.7% | $16.4M-3.2% | $16.9M-17.1% | $20.4M |
| Cash & Equivalents | $37K+239.2% | $11K+4201.6% | $253-89.2% | $2K-66.3% | $7K+637.3% | $946-90.5% | $10K-99.8% | $5.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $21-27.6% | $29 | N/A | N/A | $317K+5.3% | $301K-3.1% | $311K-4.3% | $324K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $631K+22.4% | $516K-28.4% | $721K+7.8% | $668K-92.4% | $8.8M+7.4% | $8.2M+2.1% | $8.0M+7.3% | $7.5M |
| Current Liabilities | $631K+22.4% | $516K-28.4% | $721K+7.8% | $668K-92.4% | $8.8M+7.4% | $8.2M+2.1% | $8.0M+7.3% | $7.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $5.2M-9.4% | $5.8M+7.4% | $5.4M-6.0% | $5.7M-46.0% | $10.6M+0.5% | $10.6M-7.9% | $11.5M-12.2% | $13.1M |
| Retained Earnings | -$39.7M-1.4% | -$39.1M-1.8% | -$38.5M-1.5% | -$37.9M+7.5% | -$41.0M-1.2% | -$40.5M-1.4% | -$39.9M-2.7% | -$38.9M |
GITS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$166K+61.7% | -$433K-349.8% | -$96K-503.2% | $24K+110.7% | -$223K-5780.3% | $4K+101.5% | -$261K-102.9% | $9.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$580K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $8.4M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GITS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0%0.0pp | 100.0% | N/A | N/A | N/A | 100.0%0.0pp | 100.0% | N/A |
| Operating Margin | -29447.3%+2304797.5pp | -2334244.8% | N/A | N/A | N/A | -2577823.1%-2488870.1pp | -88953.0% | N/A |
| Net Margin | -29541.7%+2308558.3pp | -2338100.0% | N/A | N/A | N/A | -4322307.7%-3756323.4pp | -565984.3% | N/A |
| Return on Equity | -10.3%+1.4pp | -11.7%-1.2pp | -10.5% | N/A | -4.6%+0.7pp | -5.3%+3.8pp | -9.1% | N/A |
| Return on Assets | -9.2%+1.5pp | -10.8%-1.5pp | -9.3% | N/A | -2.5%+0.5pp | -3.0%+2.4pp | -5.4% | N/A |
| Current Ratio | 0.19+0.1 | 0.05+0.0 | 0.000.0 | 0.00-1.9 | 1.95-0.1 | 2.00-0.1 | 2.11-0.6 | 2.73 |
| Debt-to-Equity | 0.12+0.0 | 0.09-0.0 | 0.13+0.0 | 0.12-0.7 | 0.83+0.1 | 0.78+0.1 | 0.70+0.1 | 0.57 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Global Interactive Technologies Inc's annual revenue?
Global Interactive Technologies Inc (GITS) reported $0 in total revenue for fiscal year 2024. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Global Interactive Technologies Inc's revenue growing?
Global Interactive Technologies Inc (GITS) revenue declined by 100% year-over-year, from $794K to $0 in fiscal year 2024.
Is Global Interactive Technologies Inc profitable?
No, Global Interactive Technologies Inc (GITS) reported a net income of -$6.2M in fiscal year 2024.
What is Global Interactive Technologies Inc's EBITDA?
Global Interactive Technologies Inc (GITS) had EBITDA of -$882K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Global Interactive Technologies Inc's return on equity (ROE)?
Global Interactive Technologies Inc (GITS) has a return on equity of -107.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Global Interactive Technologies Inc's operating cash flow?
Global Interactive Technologies Inc (GITS) generated -$456K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Global Interactive Technologies Inc's total assets?
Global Interactive Technologies Inc (GITS) had $6.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Global Interactive Technologies Inc's current ratio?
Global Interactive Technologies Inc (GITS) had a current ratio of 0.00 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Global Interactive Technologies Inc's debt-to-equity ratio?
Global Interactive Technologies Inc (GITS) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Global Interactive Technologies Inc's return on assets (ROA)?
Global Interactive Technologies Inc (GITS) had a return on assets of -96.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Global Interactive Technologies Inc's cash runway?
Based on fiscal year 2024 data, Global Interactive Technologies Inc (GITS) had $2K in cash against an annual operating cash burn of $456K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Global Interactive Technologies Inc's Piotroski F-Score?
Global Interactive Technologies Inc (GITS) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Global Interactive Technologies Inc's earnings high quality?
Global Interactive Technologies Inc (GITS) has an earnings quality ratio of 0.07x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Global Interactive Technologies Inc cover its interest payments?
Global Interactive Technologies Inc (GITS) has an interest coverage ratio of -752.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Global Interactive Technologies Inc?
Global Interactive Technologies Inc (GITS) scores 25 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.