Global Technologies, Ltd. Announces Its Financial Results for the Quarter Ended September 30, 2024 with Major Financial Highlights and Accomplishments
Global Technologies (OTC: GTLL) reported its Q3 2024 financial results with significant growth in key metrics. The company's shareholder equity increased by $4,842,205 year-over-year to $1,789,020. Revenue reached $669,431, marking a 100% increase from Q3 2023. Gross profit grew by $477,542, also a 100% increase. Net income was $256,549, down from $1,224,822 in Q3 2023 due to a one-time derivative liability gain in the previous year. The company formed PrimeCare Supply for pharmaceutical sales and continues developing its CRM platform. GOe3 initiated sales and is pursuing GSA certification for clean energy contracts.
Global Technologies (OTC: GTLL) ha riportato i risultati finanziari per il terzo trimestre del 2024 con una crescita significativa in metriche chiave. Il patrimonio netto degli azionisti dell'azienda è aumentato di $4,842,205 rispetto all'anno precedente, raggiungendo i $1,789,020. I ricavi hanno raggiunto i $669,431, segnando un incremento del 100% rispetto al terzo trimestre del 2023. L'utile lordo è cresciuto di $477,542, anch'esso un incremento del 100%. L'utile netto è stato di $256,549, in calo rispetto a $1,224,822 nel terzo trimestre del 2023 a causa di un guadagno da passività derivata una tantum nell'anno precedente. L'azienda ha creato PrimeCare Supply per le vendite farmaceutiche e continua a sviluppare la sua piattaforma CRM. GOe3 ha avviato le vendite e sta perseguendo la certificazione GSA per i contratti di energia pulita.
Global Technologies (OTC: GTLL) informó sus resultados financieros del tercer trimestre de 2024 con un crecimiento significativo en métricas clave. El patrimonio neto de los accionistas de la empresa aumentó en $4,842,205 año tras año, alcanzando los $1,789,020. Los ingresos alcanzaron los $669,431, marcando un aumento del 100% respecto al tercer trimestre de 2023. El beneficio bruto creció en $477,542, también un aumento del 100%. El ingreso neto fue de $256,549, una disminución respecto a $1,224,822 en el tercer trimestre de 2023 debido a una ganancia por pasivo derivado extraordinario en el año anterior. La empresa formó PrimeCare Supply para ventas farmacéuticas y continúa desarrollando su plataforma CRM. GOe3 inició ventas y está persiguiendo la certificación GSA para contratos de energía limpia.
Global Technologies (OTC: GTLL)는 2024년 3분기 재무 결과를 발표하며 주요 지표에서 상당한 성장을 보였습니다. 회사의 주주 자본은 전년 대비 $4,842,205 증가하여 $1,789,020에 달했습니다. 수익은 $669,431에 도달하며 2023년 3분기 대비 100% 증가했습니다. 총 이익은 $477,542로 100% 증가했습니다. 순이익은 $256,549로, 2023년 3분기의 $1,224,822에서 감소했으며, 이는 전년도의 일회성 파생 부채 이익 때문입니다. 회사는 제약 판매를 위한 PrimeCare Supply를 설립했으며, CRM 플랫폼을 계속 개발하고 있습니다. GOe3는 판매를 시작했으며 청정 에너지 계약을 위한 GSA 인증을 추구하고 있습니다.
Global Technologies (OTC: GTLL) a annoncé ses résultats financiers du troisième trimestre 2024 avec une croissance significative dans les indicateurs clés. Les capitaux propres des actionnaires de l'entreprise ont augmenté de $4,842,205 par rapport à l'année précédente, atteignant $1,789,020. Les revenus se sont élevés à $669,431, marquant une augmentation de 100% par rapport au troisième trimestre 2023. Le bénéfice brut a augmenté de $477,542, également une augmentation de 100%. Le bénéfice net s'élevait à $256,549, en baisse par rapport à $1,224,822 au troisième trimestre 2023 en raison d'un gain unique lié à une passif dérivée l'année précédente. L'entreprise a créé PrimeCare Supply pour les ventes pharmaceutiques et continue de développer sa plateforme CRM. GOe3 a initié les ventes et vise la certification GSA pour les contrats d'énergie propre.
Global Technologies (OTC: GTLL) berichtete über die finanziellen Ergebnisse des dritten Quartals 2024 mit einem signifikanten Wachstum in den Schlüsselkennzahlen. Das Eigenkapital der Aktionäre des Unternehmens stieg im Jahresvergleich um $4,842,205 auf $1,789,020. Der Umsatz erreichte $669,431 und markierte einen Anstieg von 100% im Vergleich zum dritten Quartal 2023. Der Bruttogewinn wuchs um $477,542, ebenfalls ein Anstieg von 100%. Der Nettogewinn betrug $256,549, ein Rückgang im Vergleich zu $1,224,822 im dritten Quartal 2023, aufgrund eines einmaligen Gewinns aus derivativer Verbindlichkeit im Vorjahr. Das Unternehmen gründete PrimeCare Supply für pharmazeutische Verkäufe und entwickelt weiterhin seine CRM-Plattform. GOe3 hat den Verkauf initiiert und strebt die GSA-Zertifizierung für Verträge im Bereich saubere Energie an.
- 100% YoY revenue growth to $669,431 in Q3 2024
- 100% YoY gross profit increase of $477,542
- Shareholder equity increased by $4,842,205 YoY
- Positive net income of $256,549 in Q3 2024
- Reduction in dilutive convertible debt
- 79% decrease in net income from $1,224,822 in Q3 2023 to $256,549 in Q3 2024
Revenue and Shareholder Equity Continue to Increase
Parsippany, NJ, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC: GTLL), a Delaware corporation, today announced its financial results for the quarter ended September 30, 2024.
Financial Highlights:
-Shareholder Equity increase of
-Revenue increase of
-Gross Profit increase of
-Net income of
Financial Commentary:
- Shareholder Equity: At September 30, 2024, shareholder equity increased to
- Revenue Generation: For the quarter ended September 30, 2024, Global Technologies reported revenues of
- Gross Profit: The Company achieved a gross profit of
- Net Income: The Company achieved net income of
Accomplishments Since Quarter End:
-Formed PrimeCare Supply, LLC, a Wyoming limited liability company, to enter into new Sales Agreements with additional pharmaceutical suppliers;
-Company continues to pay down on its dilutive convertible debt and notes payable;
-Continued development of the Company’s Customer Relationship Management Sales Platform software instrumental in the increase in customers and revenue;
-GOe3 continues to align itself with the General Services Administration in an effort to becoming a multiple awards schedule holder in order that they may be awarded contracts through the latest Clean Energy Infrastructure bill, grants, and tax credits.
Management Commentary:
"Our continued growth demonstrates our team’s ability to consistently drive improvement through the use of our technology," said Fredrick Cutcher, CEO of Global Technologies Ltd. "We are glad to see the maturation of GOe3 with its initial sales and expect to see further expansion of revenues from them over the next year.”
Future Outlook:
Global Technologies remains committed to expanding its market presence in the health and wellness and EV sectors. The Company anticipates continued operational improvements and an increase in its revenue as it further develops its subsidiaries' capabilities and explores new strategic opportunities.
The Company will continue to invest in top talent at the executive level and in selective technology to drive organic growth.
The Company’s Quarterly Report for the quarter ended September 30, 2024 can be found on the Securities and Exchange Commission’s website at www.sec.gov and on the Company’s website at www.globaltechnologiesltd.info.
About Global Technologies, Ltd.:
Global Technologies, Ltd. is a multi-operational company that is driving innovation and sustainable growth across the technology and service sectors. With a strategic focus on the health and wellness and electric vehicle industries through its subsidiaries, the company leverages cutting-edge technology and innovative business models to revolutionize these sectors. Global Technologies is dedicated to enhancing connectivity, efficiency, and environmental stewardship, thereby delivering substantial value to its customers, partners, and shareholders. Its mission is rooted in empowering businesses and communities with scalable solutions that not only meet current demands but also anticipate future needs, ensuring a sustainable and thriving future for all stakeholders.
Forward Looking Statements:
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.
Contact:
Global Technologies, Ltd.
(973) 233-5151
info@globaltechnologiesltd.info
FAQ
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