Filing Flows › Globaltek Ventures (ATVK) › Q4 2024
Globaltek Ventures (ATVK) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 8, 2025
Globaltek Ventures (ATVK) reported revenue of $678K for the fourth quarter 2024 (Q4 2024), +175% from a year earlier. Operating margin was 97.2%, net earnings $4.4M (647.7% of revenue).
Globaltek Ventures, Q4 2024: revenue $678K (+175% year over year), operating margin 97.2%, net earnings $4.4M, operating cash flow −$2K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $678K | — | +175% |
| Operating profit | $659K | — | +584% |
| Net earnings | $4.4M | — | 185× |
| Operating cash flow | −$2K | — | — |
What changed
Revenue was $678K in Q4 2024, up 175% year over year.
Operating profit was $659K, a 97.2% margin (up 58.1 points year over year). Of the extra revenue versus a year earlier, 130% reached operating profit, above the 39% margin then. Total costs fell 87% while revenue rose 175%. Net earnings were $4.4M, up 18449% year over year. The effective tax rate was 0.0%. Non-operating items added $3.7M, 85% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2K. Non-cash charges added back $2K of depreciation and amortization. Working capital and other items used $4.4M.
Questions
What was Globaltek Ventures' revenue in the fourth quarter 2024?
Globaltek Ventures (ATVK) reported revenue of $678K for the fourth quarter 2024 (Q4 2024), +175% from a year earlier.
Was Globaltek Ventures profitable in the fourth quarter 2024?
Operating profit was $659K (97.2% of revenue) and net earnings $4.4M.
Source: Globaltek Ventures 10-K on SEC EDGAR.