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Global Technologies, Ltd. Files Third Quarter 10-Q with SEC Highlighting Substantial Revenue Growth and Strategic Expansion
Globenewswireยท 2025-05-16 12:00
Core Insights - Global Technologies, Ltd. reported a significant revenue growth of 473% for the period ending March 31, 2025, compared to the same period last year [2][3] - The company is focusing on the health and wellness sector, which is beginning to yield meaningful results, alongside ongoing development of proprietary platforms for long-term shareholder value creation [4] Financial Highlights - Revenue for the nine months ended March 31, 2025, reached $2,588,452, a 473% increase from $451,509 in the same period of 2024 [3] - Gross profit increased to $904,115, up 935% from $87,310 in the prior year [3] - Operating expenses rose to $629,078 from $501,650 in the prior year, reflecting expanded investment into consulting services and product development [3] - Net income was reported at $250,059, down from $526,230 in the prior year, attributed to continued investment in new growth initiatives [3] Company Overview - Global Technologies, Ltd. is a multi-operational company focused on innovation and sustainable growth across technology and service sectors, particularly in health and wellness and electric vehicle industries [5] - The company aims to enhance connectivity, efficiency, and environmental stewardship, delivering measurable value to customers, partners, and shareholders [5][6]