Globaltech Stock Price, News & Analysis

GlobalTech (OTC:GTLK), a technology holding company focused on AI and emerging technologies, has appointed D. Boral Capital LLC as its strategic advisor for a proposed private placement. The initiative aligns with GlobalTech's objective to uplist to a national securities exchange and enhance its capital markets profile.

If completed, the private placement aims to support GlobalTech's strategic priorities, including AI product development, international market expansion, and targeted acquisitions. CEO Dan Green emphasized D. Boral's track record in supporting high-growth companies as crucial for their global scaling ambitions.

GlobalTech Corporation (OTCID:GLTK) reported its Q2 2025 financial results, showing mixed performance. The company achieved 23.3% revenue growth to $5.63 million, driven by strong telecom services and a 39% increase in international termination minutes.

The company reduced its net loss to $1.12 million ($0.008 per share) from $1.23 million in Q2 2024. Adjusted EBITDA improved to $(1.84) million from $(2.45) million, while cash position stood at $3.38 million, including $2.67 million in restricted cash. The company's strategic focus remains on optimizing operations, expanding FTTH network, and advancing AI and Big Data solutions.

GlobalTech Corporation (OTC:GTLK) and Omantel have signed a non-binding Memorandum of Understanding to explore collaboration on AI and Big Data services. The potential partnership aims to establish a strategic revenue-sharing model, combining Omantel's infrastructure and customer base with GlobalTech's AI expertise. The collaboration would focus on creating AI-driven services for compliance, risk mitigation, fintech, retail, and HR industries. The initiative aligns with Oman Vision 2040 and aims to strengthen Oman's position as a regional technology hub. However, it's important to note that final terms have not been agreed upon or documented, and the partnership may not materialize.

GlobalTech Corporation (GTLK) reported its Q1 2025 financial results, showing significant growth in revenue and margin improvements. The company's net revenue reached $4.3 million, up 17.3% year-over-year. Notably, broadband services revenue surged by 195.6%, now representing 16% of gross revenue, up from 6.3% in Q1 2024.

The company's operating loss improved to $(0.9) million from $(1.2) million in the year-ago period, with operating margins improving to -21.7% from -31%. Net loss decreased to $1.1 million. The company maintained $3.0 million in total cash and equivalents, including $2.7 million in restricted cash. GlobalTech also announced entering an acquisition agreement with Crickslab for a core engine to develop a baseball league management system.

GlobalTech Corporation (GLTK) has entered into a Partnership Agreement with Talina AI Consultancies to advance AI-powered workforce solutions. Through this non-exclusive license agreement, GlobalTech will integrate and market Talina's AI candidate sourcing platform into its ecosystem. The collaboration aims to enhance talent acquisition processes through AI-driven sourcing and screening technology.

The partnership is expected to expand GlobalTech's digital transformation portfolio and drive revenue growth, with potential expansion beyond the Middle East into European and US markets. The integration focuses on streamlining recruitment processes, reducing hiring biases, and creating an AI-powered recruitment ecosystem.

GlobalTech (OTC:GTLK) has secured an exclusive worldwide license to CricksLab's Core Engine software through an all-stock transaction completed on April 7, 2025. The agreement enables GlobalTech to develop similar solutions for bat-and-ball sports like baseball and softball, expanding beyond CricksLab's existing cricket match and league software platform.

The strategic acquisition aims to extend GlobalTech's technology services into the sports vertical, targeting markets across the United States, Latin America, Japan, and Australia. CEO Dan Green emphasized the potential for value creation through adapting CricksLab's technology for professional sports tracking and league organization in these regions.

GlobalTech (GLTK) reported strong financial results for FY2024, with record revenue of $18.3 million, representing a 72% increase from $10.6 million in 2023. The company significantly improved its operating performance, reducing operating losses to $4.1 million from $10.5 million in the previous year.

Operating loss as a percentage of revenue improved to 22% in 2024 from 99% in 2023, while net loss decreased to $3.0 million from $8.3 million. The company maintained a cash position of $822,251 as of December 31, 2024.

As a provider of broadband and telecommunications services in Pakistan through Worldcall Telecom , GlobalTech is experiencing growing demand for its Fiber to the Home (FTTH) broadband services. The company is exploring expansion opportunities and considering a potential Nasdaq uplisting.

GlobalTech (GLTK) reported strong Q3 2024 financial results with net revenues increasing 78% to $5.02 million compared to the previous year's quarter. The growth was primarily driven by higher international termination (telecom) business and technology services. Direct operating costs rose to $4.6 million from $2.2 million due to higher interconnect costs. The company's net loss improved to ($455,818) from ($2.3 million) in the prior year. For the nine months ended September 30, 2024, total revenues reached $13.3 million with Adjusted EBITDA of $646,000. The company achieved 100% conversion ratio in select markets for upsell to broadband services.

GlobalTech (OTC US: GLTK) has appointed Muhammad Azhar Saeed, FCA, as its new Chief Financial Officer, effective September 5, 2024. Mr. Saeed brings over 20 years of experience as a senior financial executive within GlobalTech and its subsidiaries. He previously served as Group CFO for WorldCall Group and remains a Director at WorldCall Telecom (PSX:WTL), a GlobalTech subsidiary in Pakistan.

Mr. Saeed also holds board positions in other GlobalTech subsidiaries and is the CEO of WorldCall Services. As a Fellow Member of The Institute of Chartered Accountants of Pakistan, he has extensive experience in financial services, manufacturing, and business services sectors. GlobalTech President Dan Green expressed confidence in Mr. Saeed's ability to contribute to the company's growth strategy and create shareholder value.