Global Technologies, Ltd. Announces Its Financial Results for the Year Ended June 30, 2024
Global Technologies, (OTC: GTLL) announced its financial results for the year ended June 30, 2024, showing significant improvements across key metrics. The company reported a shareholder equity increase of $6,060,478, reaching $1,532,471. Revenue surged by 6,122% to $1,057,685, while gross profit rose by 2,730% to $481,055. Notably, the company achieved a net income of $812,081, a substantial improvement from the previous year's loss of $1,034,040.
The revenue growth was attributed to the company's subsidiary, 10 Fold Services. CEO Fredrick Cutcher expressed satisfaction with the financial results, citing the successful transition to EV and health and wellness sectors. Global Technologies remains focused on expanding its market presence in these areas and anticipates continued operational improvements and revenue growth.
Global Technologies, (OTC: GTLL) ha annunciato i risultati finanziari per l'anno chiuso il 30 giugno 2024, mostrando miglioramenti significativi in vari indicatori chiave. L'azienda ha riportato un aumento del patrimonio netto di $6.060.478, raggiungendo $1.532.471. I ricavi sono aumentati del 6.122% fino a $1.057.685, mentre il profitto lordo è cresciuto del 2.730% fino a $481.055. In particolare, l’azienda ha ottenuto un utile netto di $812.081, un miglioramento sostanziale rispetto alla perdita dell'anno precedente di $1.034.040.
La crescita dei ricavi è stata attribuita alla controllata dell'azienda, 10 Fold Services. Il CEO Fredrick Cutcher ha espresso soddisfazione per i risultati finanziari, citando il successo della transizione verso i settori dei veicoli elettrici e della salute e benessere. Global Technologies rimane concentrata sull'espansione della sua presenza di mercato in queste aree e prevede continui miglioramenti operativi e crescita dei ricavi.
Global Technologies, (OTC: GTLL) anunció sus resultados financieros para el año que finalizó el 30 de junio de 2024, mostrando mejoras significativas en métricas clave. La compañía reportó un aumento del patrimonio de $6,060,478, alcanzando $1,532,471. Los ingresos aumentaron un 6,122% hasta $1,057,685, mientras que el beneficio bruto creció un 2,730% hasta $481,055. Notablemente, la empresa logró un ingreso neto de $812,081, una mejora sustancial desde la pérdida del año pasado de $1,034,040.
El crecimiento de los ingresos se atribuyó a la subsidiaria de la empresa, 10 Fold Services. El CEO Fredrick Cutcher expresó su satisfacción con los resultados financieros, citando la exitosa transición a los sectores de vehículos eléctricos y de salud y bienestar. Global Technologies sigue enfocada en expandir su presencia en el mercado en estas áreas y anticipa mejoras operativas continuas y crecimiento en los ingresos.
글로벌 테크놀로지스, (OTC: GTLL)는 2024년 6월 30일로 종료된 연도의 재무 결과를 발표하며 주요 지표에서 상당한 개선을 보여주었습니다. 이 회사는 주주 자본이 $6,060,478 증가하여 $1,532,471에 도달했다고 보고했습니다. 수익은 6,122% 증가하여 $1,057,685에 이르렀으며, 총 이익은 2,730% 증가하여 $481,055에 달했습니다. 특히, 이 회사는 순이익 $812,081을 달성했으며, 이는 지난해의 손실 $1,034,040에서의 상당한 개선입니다.
수익 성장은 회사의 자회사인 10 Fold Services에 기인했습니다. CEO 프레드릭 커처는 재무 결과에 대한 만족감을 표시하며, 전기차 및 건강과 웰빙 분야로의 성공적인 전환을 언급했습니다. 글로벌 테크놀로지스는 이들 분야에서 시장 존재감을 확장하는 데 집중하고 있으며, 계속해서 운영 개선과 수익 성장을 기대하고 있습니다.
Global Technologies, (OTC: GTLL) a annoncé ses résultats financiers pour l'année se terminant le 30 juin 2024, montrant des améliorations significatives dans plusieurs indicateurs clés. L'entreprise a rapporté une augmentation des capitaux propres de 6 060 478 $, atteignant 1 532 471 $. Les revenus ont bondi de 6 122 % pour atteindre 1 057 685 $, tandis que le bénéfice brut a augmenté de 2 730 % pour atteindre 481 055 $. Notamment, l'entreprise a réalisé un revenu net de 812 081 $, soit une amélioration substantielle par rapport à la perte de l'année précédente de 1 034 040 $.
La croissance des revenus a été attribuée à la filiale de l'entreprise, 10 Fold Services. Le PDG Fredrick Cutcher a exprimé sa satisfaction quant aux résultats financiers, soulignant la transition réussie vers les secteurs des véhicules électriques et du bien-être. Global Technologies reste concentrée sur l'expansion de sa présence sur le marché dans ces domaines et prévoit de nouvelles améliorations opérationnelles et une croissance continue des revenus.
Global Technologies, (OTC: GTLL) gab seine finanziellen Ergebnisse für das Jahr zum 30. Juni 2024 bekannt und zeigte signifikante Verbesserungen in wichtigen Kennzahlen. Das Unternehmen berichtete von einem Eigenkapitalanstieg von $6.060.478, welches insgesamt $1.532.471 erreichte. Der Umsatz stieg um 6.122% auf $1.057.685, während der Bruttogewinn um 2.730% auf $481.055 zulegte. Besonders bemerkenswert ist, dass das Unternehmen einen Nettogewinn von $812.081 erzielte, was eine erhebliche Verbesserung gegenüber dem Verlust des Vorjahres von $1.034.040 darstellt.
Das Umsatzwachstum wurde dem Tochterunternehmen 10 Fold Services zugeschrieben. CEO Fredrick Cutcher äußerte Zufriedenheit mit den finanziellen Ergebnissen und verwies auf den erfolgreichen Übergang zu den Bereichen Elektrofahrzeuge sowie Gesundheit und Wellness. Global Technologies konzentriert sich darauf, ihre Marktposition in diesen Bereichen auszubauen und erwartet weiterhin betriebliche Verbesserungen und Umsatzwachstum.
- Shareholder equity increased by $6,060,478 to $1,532,471
- Revenue grew by 6,122% to $1,057,685
- Gross profit increased by 2,730% to $481,055
- Net income improved from a loss of $1,034,040 to a profit of $812,081
- Successful transition to EV and health and wellness sectors
- None.
Parsippany, NJ, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC: GTLL), a Delaware corporation, today announced its financial results for the year ended June 30, 2024.
Financial Highlights:
-Shareholder Equity increase of
-Revenue increase of
-Gross Profit increase of
-Net income increase of
Financial Commentary:
- Shareholder Equity: At June 30, 2024, shareholder equity increased to
- Revenue Generation: For the year ended June 30, 2024, Global Technologies reported revenues of
- Gross Profit: The Company achieved a gross profit of
- Net Income: The Company achieved net income of
Management Commentary:
"Patience and persistence have proven to pay off, which clearly shows within our financial results provided in the Company’s Annual Report," said Fredrick Cutcher, CEO of Global Technologies Ltd. "The transition to EV and health and wellness within our two subsidiaries was the right move and to say that we are pleased with our revenue growth over the last 12 months would be an understatement."
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’s Annual Report for the year ended June 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
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