Quarterly ResultJun 3, 2026, 04:27 PM
Global Technologies Reports $170.5K Net Loss for 9 Months Ended March 31, 2026
AI Summary
Global Technologies, Ltd. filed its quarterly report on Form 10-Q for the period ending March 31, 2026. The company reported a significant net loss of $170,524 for the nine months ended March 31, 2026, a reversal from a net income of $24,055 in the prior year. Revenue also saw a substantial decrease to $325,507 from $666,115 year-over-year. The balance sheet reflects a decrease in total assets and a reduction in current liabilities. Cash and cash equivalents also declined during the period.
Key Highlights
- Global Technologies reported a net loss of $170,524 for the nine months ended March 31, 2026, compared to a net income of $24,055 for the same period in 2025.
- Net revenue for the nine months ended March 31, 2026, was $325,507, a decrease from $666,115 in the prior year period.
- Total assets decreased to $42,399 as of March 31, 2026, from $68,108 as of June 30, 2025.
- Total current liabilities were $1,136,202 as of March 31, 2026, down from $1,221,387 as of June 30, 2025.
- The company reported a net loss of $191,963 for the three months ended March 31, 2026.
- Cash and cash equivalents decreased to $38,178 as of March 31, 2026, from $68,108 as of June 30, 2025.
Price Impact