GlobalTech reports FY2024 revenue $18.3M (+72% YoY); net loss narrows to $3.0M

GlobalTech Corp

Record revenue of $18.3M vs $10.6M in 2023, driven by FTTH broadband growth in Pakistan.
Operating loss improved to $4.1M from $10.5M; operating loss margin fell to 22% from 99%.
Net loss was $3.0M, down from $8.3M in the prior year.
Cash and equivalents stood at $822K as of Dec 31, 2024.
CEO cited surging FTTH demand and noted exploration of Nasdaq uplisting.

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