secwatch.observer — SEC 8-K summary
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Issuer:     GlobalTech Corp (GLTK)
CIK:        0001938338
Form:       8-K
Filed at:   2026-05-21T11:30:41+00:00
Accession:  0001477932-26-003382
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Globaltech Q1 revenue $10.4M (+142% YoY); net loss widens to $4.0M
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- Net revenue $10.4M, up ~142% YoY from $4.3M, driven by Moda in Pelle acquisition and tech services.
- GAAP net loss $(4.0)M ($(0.014) per share) vs $(1.1)M loss in Q1 2025.
- GAAP loss from operations $(3.2)M vs $(0.9)M; Adjusted EBITDA $(1.3)M.
- Total assets $100.8M, shareholders' equity $36.1M as of March 31, 2026.
- 51% interest in 123 Investments Ltd (Moda in Pelle) acquired Dec 15, 2025 contributed to revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1938338/000147793226003382/0001477932-26-003382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1938338/000147793226003382/global_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-003382

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