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Globl Tech Indus Financials

GTII
Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2023 Currency USD FYE December

This page shows Globl Tech Indus (GTII) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

Rhea AI GTII FY2023

External funding is keeping operations going, but cash burn and asset shrinkage are steadily erasing balance-sheet support underneath it.

From FY2022 to FY2023, operating cash burn jumped from $488K to $4.37M, a step-change that dwarfed the prior year's consumption. With only $2.24M of financing inflow in FY2023, new capital was mainly replacing cash used by operations rather than strengthening liquidity, which is why cash still finished the year at just $1.24M.

Balance-sheet damage came from asset erosion more than debt reduction, with long-term debt staying near $4.97M in both FY2022 and FY2023 instead of being worked down. Total assets fell from $18.3M to $1.28M, so equity turned negative because the asset base supporting creditors and shareholders shrank dramatically.

The funding base is also getting more spread out: shares outstanding increased about 40.7% from FY2022 to FY2023 while the current ratio was only 0.4x. That combination points to periodic capital raising serving as working support, with cash at $1.24M against current liabilities of $3.54M.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating Globl Tech Indus's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Key Financial Metrics

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
N/A
EPS (Diluted)
$-0.30
YoY-500.0%

Globl Tech Indus earned $-0.30 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 500.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$1.2M
YoY-62.7%
5Y CAGR+175.4%
10Y CAGR+100.7%

Globl Tech Indus held $1.2M in cash against $5.0M in long-term debt as of fiscal year 2023.

Dividends Per Share
N/A
Shares Outstanding
369M
YoY+40.7%
5Y CAGR+16.7%
10Y CAGR+46.4%

Globl Tech Indus had 369M shares outstanding in fiscal year 2023. This represents an increase of 40.7% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

GTII Income Statement

Metric Q4'23 Q3'23 Q2'23 Q1'23 Q4'22 Q3'22 Q2'22 Q1'22
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A 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 $70K-92.6% $947K+816.9% $103K N/A $68K-48.1% $130K+135.8% $55K
Operating Income N/A -$2.1M+71.9% -$7.4M+89.8% -$72.6M N/A -$1.5M-50.7% -$981K+14.1% -$1.1M
Interest Expense N/A $2K-89.3% $14K-0.1% $14K N/A $12K-1.5% $12K-79.0% $59K
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income N/A $7K+100.1% -$7.4M+89.8% -$72.6M N/A -$1.8M-84.9% -$978K+20.4% -$1.2M
EPS (Diluted) N/A $0.00+100.0% $-0.02 N/A N/A $-0.01 $0.00 N/A

GTII Balance Sheet

Metric Q4'23 Q3'23 Q2'23 Q1'23 Q4'22 Q3'22 Q2'22 Q1'22
Total Assets $1.3M-92.9% $17.9M-6.1% $19.0M-1.4% $19.3M+5.2% $18.3M+19.2% $15.4M-0.7% $15.5M+2680.4% $558K
Current Assets $1.3M-55.6% $2.9M-28.8% $4.0M-6.2% $4.3M+28.3% $3.4M+890.2% $339K-25.5% $455K-6.4% $486K
Cash & Equivalents $1.2M-56.5% $2.8M-29.0% $4.0M-6.0% $4.3M+28.5% $3.3M+1081.8% $281K-20.8% $355K+1.4% $350K
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $8.3M+9.4% $7.6M-27.8% $10.6M+4.3% $10.1M+14.5% $8.8M+2.9% $8.6M+6.1% $8.1M+102.6% $4.0M
Current Liabilities $3.5M+25.4% $2.8M-51.0% $5.8M+8.1% $5.3M+31.6% $4.1M+6.6% $3.8M+16.7% $3.3M-18.6% $4.0M
Long-Term Debt $5.0M0.0% $5.0M0.0% $5.0M0.0% $5.0M0.0% $5.0M0.0% $5.0M0.0% $5.0M N/A
Total Equity -$7.1M-168.8% $10.3M+20.9% $8.5M-7.6% $9.2M-3.5% $9.5M+39.6% $6.8M+28.0% $5.3M+254.7% -$3.4M
Retained Earnings -$345.6M-5.5% -$327.7M0.0% -$327.7M-2.3% -$320.3M-29.3% -$247.7M-4.0% -$238.2M-0.8% -$236.3M-0.5% -$235.2M

GTII Cash Flow Statement

Metric Q4'23 Q3'23 Q2'23 Q1'23 Q4'22 Q3'22 Q2'22 Q1'22
Operating Cash Flow -$3.5M-3915.3% -$87K+85.3% -$590K-197.8% -$198K+30.4% -$285K+4.1% -$297K-611.1% $58K+65.3% $35K
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow $0 $0 $0-100.0% $50K0.0% $50K $0-100.0% $27K+114.9% -$184K
Financing Cash Flow $1.9M+275.0% -$1.1M-420.9% $335K-69.4% $1.1M-66.6% $3.3M+1367.3% $223K+376.8% -$81K-157.8% $139K
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

GTII Financial Ratios

Metric Q4'23 Q3'23 Q2'23 Q1'23 Q4'22 Q3'22 Q2'22 Q1'22
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A 0.1%+87.7pp -87.6%+703.3pp -791.0% N/A -26.5%-8.2pp -18.4% N/A
Return on Assets N/A 0.0%+39.1pp -39.1%+337.1pp -376.1% N/A -11.7%-5.4pp -6.3%+213.8pp -220.1%
Current Ratio 0.36-0.7 1.02+0.3 0.70-0.1 0.81-0.0 0.83+0.7 0.09-0.1 0.14+0.0 0.12
Debt-to-Equity -0.70-1.2 0.48-0.1 0.59+0.0 0.54+0.0 0.52-0.2 0.73-0.2 0.93+2.1 -1.16
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$7.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.36), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Globl Tech Indus (GTII) reported diluted earnings per share of $-0.30 for fiscal year 2023. This represents a -500.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2023, Globl Tech Indus (GTII) had $1.2M in cash and equivalents against $5.0M in long-term debt.

Globl Tech Indus (GTII) generated -$4.4M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

Globl Tech Indus (GTII) had $1.3M in total assets as of fiscal year 2023, including both current and long-term assets.

Globl Tech Indus (GTII) had 369M shares outstanding as of fiscal year 2023.

Globl Tech Indus (GTII) had a current ratio of 0.36 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

Globl Tech Indus (GTII) had a debt-to-equity ratio of -0.70 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

Based on fiscal year 2023 data, Globl Tech Indus (GTII) had $1.2M in cash against an annual operating cash burn of $4.4M. This gives an estimated cash runway of approximately 3 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.

Globl Tech Indus (GTII) has negative shareholder equity of -$7.1M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

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