From GlobeNewswire: 2025-03-28 08:00:00

GlobalTech Corporation reported a 72% surge in net revenue for 2024, reaching $18.3 million, with an improved operating loss of $4.1 million and a net loss of $3.0 million. The company’s cash and cash equivalents as of December 31, 2024, were $822,251. CEO Dan Green highlighted strong growth in broadband services in Pakistan and plans for further expansion and potential uplisting to the Nasdaq market.

Worldcall Telecom Limited, a telecom and media operator in Pakistan, has seen significant growth with deployments in broadband and metro fiber optic networks. GlobalTech owns around 55% of WorldCall Telecom Limited. GlobalTech Corporation, a technology investment holding company based in the USA, focuses on AI, Big Data, and telecommunications, partnering with global companies to provide innovative solutions.

Financial details for GlobalTech Corporation can be found in the Annual Report on Form 10-K filed with the Securities and Exchange Commission. The company’s consolidated balance sheet for 2024 shows total assets of $56,956,229, liabilities of $46,108,316, and shareholders’ equity of $10,847,914. Net revenue for 2024 was $18,255,248, with an operating loss of $4,057,349 and a net loss of $2,946,293.

GlobalTech Corporation’s forward-looking statements caution about risks and uncertainties, including the need for additional capital, regulatory challenges, and geopolitical developments. The company emphasizes the importance of continuous updates and compliance with laws. For more information, visit the company’s website. Contact Louie Toma at CORE IR for further inquiries at [email protected] or 212-655-0924.



Read more at GlobeNewswire:: GlobalTech Corporation Announces Fourth Quarter and Year