GLTK
GlobalTech Corporation2.0000
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
299.87MP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
8-K
Auditor switch, board bolstered
GlobalTech's auditor Saeed Kamran resigned December 17, 2025, with clean reports save going concern uncertainty; Zahid Jamil engaged January 7, 2026. Same day, board added independent director Shahid Ahmed Khan to compensation and governance committees while forming audit, compensation, and nominating committees plus ethics code. Committees staffed. Governance sharpens amid viability flags.
8-K
Reverse split approved
GlobalTech stockholders overwhelmingly approved a reverse stock split on December 29, 2025, at a special meeting with 97.26% turnout. The board gained discretion for a 1-for-2 to 1-for-10 ratio, effective anytime through December 29, 2026, handling fractions via cash or rounding. Board decides ratio. No impact yet.
8-K
Closes 51% Moda in Pelle stake
GlobalTech closed its acquisition of 51% controlling stake in UK footwear brand 123 Investments (d/b/a Moda in Pelle) on December 15, 2025, issuing 82,800 Series A Preferred shares (deemed $100 each) and 750,000 common shares. Deal adds retail and e-commerce revenue while enabling Thrivo AI integration for sales boosts. Earnout up to $1M hinges on 2026 EBITDA ≥2.5M GBP and net profit ≥1M GBP. Integration risks loom large.
8-K
GlobalTech acquires 51% UK footwear stake
GlobalTech inked a share exchange on November 25, 2025, to snag 51% of UK footwear firm 123 Investments for 82,800 Series A preferred shares ($100 each deemed value), 750,000 common shares, potential holdback shares, and up to $1M earnout if 2026 EBITDA tops 2.5M GBP and net profit 1.0M GBP. Closing eyed for December 10, pending due diligence; includes $3M credit facility commitment and non-compete. Deal locks control while dangling performance carrots.
10-Q
Q3 FY2025 results
GlobalTech posted Q3 revenue of $5.5M, up 10.4% y/y from $5.0M, fueled by 17% higher international termination traffic while broadband quintupled on 25,000 new FTTH connections; operating loss narrowed to $0.5M from $1.1M as depreciation halved. Cash from operations stayed positive at $0.28M YTD, bolstered by $1.4M convertible notes due 2027 (auto-converting at 85% of IPO price). Debt lingers at $6.7M with $4.3M in default, yet $3.8M liquidity (mostly restricted) covers near-term needs. Losses persist, but revenue momentum builds. Prepaid customer churn threatens volumes.
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