Dividends & Buybacks ·
GlobalTech Corporation reported second-quarter revenue of $11.1 million, a 98% increase year-over-year, driven by the…
GLTKGlobalTech Corp
GlobalTech Corporation reported second-quarter revenue of $11.1 million, a 98% increase year-over-year, driven by the consolidation of 123 Investments Limited and its Moda in Pelle footwear business acquired in December 2025. The company posted a net income of approximately $0.5 million for the quarter, compared to a loss of $1.1 million in the prior-year period, though first-half results showed a net loss of $3.5 million due to non-cash share-based consultancy expenses. Additionally, GlobalTech announced that its previously declared 1-for-3 reverse stock split has become effective, causing its common stock to trade temporarily under the symbol GLTKD until it reverts to GLTK after 20 trading days. The company operates in the technology sector, building and scaling AI and Big Data businesses within real operating environments across telecommunications, retail commerce, financial services, enterprise software, and sports technology.