GlobalTech Corporation Announces Second Quarter 2025 Results

Core Viewpoint - GlobalTech Corporation reported solid revenue growth in Q2 2025, driven by its Long Distance & International, broadband, and technology services segments, with a strategic shift towards a service-centric model yielding positive results [3][7]. Financial Performance - Net revenue increased by 23.3% to $5.63 million from $4.56 million in Q2 2024, supported by a 39% year-over-year rise in international termination minutes [7]. - Net loss decreased to $1.12 million, or $0.008 per share, compared to a net loss of $1.23 million, or $0.009 per share, in Q2 2024 [7][17]. - Adjusted EBITDA improved to $(1.84) million from $(2.45) million in Q2 2024, reflecting operational efficiencies and reduced finance costs [7][9]. - Loss from operations was $0.96 million for Q2 2025, slightly higher than $0.92 million in Q2 2024, while Non-GAAP loss from operations remained flat at $(0.69) million [7][9]. Cash Position - Cash and cash equivalents stood at $3.38 million as of June 30, 2025, down from $3.46 million as of December 31, 2024, with restricted cash accounting for $2.67 million [7][15]. Strategic Focus - The company is focused on optimizing operations, expanding its FTTH network, and advancing its AI and Big Data product portfolio to drive long-term shareholder value [3][5].