Global Technologies, Ltd. Files Third Quarter 10-Q with SEC Highlighting Substantial Revenue Growth and Strategic Expansion

Rhea-AI Summary

Global Technologies (GTLL) has filed its Q3 Form 10-Q, revealing substantial financial growth for the period ending March 31, 2025. The company reported a 473% year-over-year revenue increase to $2,588,452, along with a remarkable 935% surge in gross profit to $904,115.

Operating expenses increased to $629,078 from $501,650, reflecting investments in consulting services and product development. Net income decreased to $250,059 from $526,230, though the previous year's figure was primarily due to derivative liability gains rather than operational performance. The company's strategic pivot into the health and wellness sector is showing positive results, with management focused on developing proprietary platforms for long-term value creation.

Positive

• Revenue surged 473% YoY to $2.59M
• Gross profit increased 935% YoY to $904,115
• Company achieved operational net income of $250,059
• Successful pivot into health and wellness sector showing results

Negative

• Operating expenses increased 25% YoY to $629,078
• Net income declined 52% YoY to $250,059
• Trading on OTC Pink market, which typically has lower listing requirements

GREENSBORO, NC, May 16, 2025 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC PINK: GTLL) (“Global” or the “Company”), a publicly traded, multi-operational company driving innovation and sustainable growth across the technology and service sectors, today announced the filing of its Quarterly Report on Form 10-Q for the period ending March 31, 2025.

The report reflects significant revenue growth, with the Company reporting a 473% increase in revenue compared to the same period last year. Additional financial highlights are provided below.

The filing is available on the SEC’s website at www.sec.gov or by following this direct link.

Q3 Financial Highlights (Nine Months Ended March 31, 2025):

• Revenue: $2,588,452, a 473% increase from $451,509 for the same period in 2024

• Gross Profit: $904,115, up 935% from $87,310 in the prior year

• Operating Expenses: Increased to $629,078, up from $501,650 in the prior year, reflecting expanded investment into consulting services and product development

• Net Income: $250,059, down from $526,230* in the prior year, due to continued investment in new growth initiatives

        *The Net Income for the nine months ended March 31, 2024 was largely attributed to a gain in derivative liability, thus highlighting Global’s continued move towards operational revenue and profits.

“Global Technologies continues to demonstrate strong revenue growth and strategic momentum,” said H. Wyatt Flippen, Chief Executive Officer of Global Technologies. “Our pivot into the health and wellness sector is beginning to yield meaningful results, and our ongoing development of proprietary platforms will help position the Company for long-term shareholder value creation.”

The Company’s full Form 10-Q filing includes detailed financial statements and management’s discussion and analysis of operations.

About Global Technologies, Ltd.

Global Technologies, Ltd. is a multi-operational company driving innovation and sustainable growth across the technology and service sectors. With a strategic focus on the health and wellness and electric vehicle industries through its subsidiaries, the Company leverages cutting-edge technology and scalable business models to transform these sectors. Global Technologies is committed to enhancing connectivity, efficiency, and environmental stewardship—delivering measurable value to its customers, partners, and shareholders.

Its mission is rooted in empowering businesses and communities with forward-thinking solutions that meet today’s demands while anticipating tomorrow’s opportunities, ensuring a sustainable and thriving future for all stakeholders.

Forward-Looking Statements

Statements made in this press release that express the Company’s or management's intentions, plans, beliefs, expectations, or predictions of future events are forward-looking statements. Words such as "believe," "expect," "intend," "estimate," "anticipate," "will," and similar expressions identify such statements. These statements are based on numerous assumptions and are subject to many risks, uncertainties, and factors—both known and unknown—that could cause actual results to differ materially.

No statement herein should be construed as a guarantee of future financial performance. The Company expressly disclaims any obligation to update or revise these forward-looking statements except as required by law.

Contact:
H. Wyatt Flippen
Chief Executive Officer
Global Technologies, Ltd.
w.flippen@globaltechnologiesltd.info
www.globaltechnologiesltd.info

FAQ

What was GTLL's revenue growth in Q3 2025?

Global Technologies (GTLL) reported a 473% year-over-year revenue increase to $2,588,452 for Q3 2025.

How much profit did Global Technologies make in Q3 2025?

Global Technologies reported a net income of $250,059 for Q3 2025, with gross profit of $904,115.

Why did GTLL's net income decrease in Q3 2025?

GTLL's net income decreased due to increased investment in growth initiatives and because the previous year's higher figure was mainly due to a one-time gain in derivative liability.

What sectors is Global Technologies (GTLL) operating in?

Global Technologies operates in the technology and service sectors, with a recent strategic pivot into the health and wellness sector.

How much did GTLL's operating expenses increase in Q3 2025?

Operating expenses increased to $629,078 from $501,650 in the prior year, due to expanded investment in consulting services and product development.