Filing Flows › GlobalTech (GLTK) › Q4 2024
GlobalTech (GLTK) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 27, 2025
GlobalTech (GLTK) reported revenue of $5.0M for the fourth quarter 2024 (Q4 2024), +59% from a year earlier and -0.9% from the quarter before. Operating margin was -17.9%, net earnings $162K (3.3% of revenue).
GlobalTech, Q4 2024: revenue $5.0M (+59% year over year), operating margin -17.9%, net earnings $162K, operating cash flow −$436K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0M | -0.9% | +59% |
| Operating profit | −$888K | — | — |
| Net earnings | $162K | — | — |
| Operating cash flow | −$436K | — | — |
What changed
Revenue was $5.0M in Q4 2024, up 59% year over year and down 1% from the previous quarter.
Operating costs exceeded revenue by $888K, an operating margin of -17.9%. Total costs fell 3% while revenue rose 59%. Net earnings were −$1.2M. The effective tax rate was -9.1%. Non-operating items added $1.0M, 697% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$436K. Non-cash charges added back $572K of depreciation and amortization. Working capital and other items used $1.2M. Capital expenditures of $21K exceeded it, leaving free cash flow of −$457K.
Questions
What was GlobalTech's revenue in the fourth quarter 2024?
GlobalTech (GLTK) reported revenue of $5.0M for the fourth quarter 2024 (Q4 2024), +59% from a year earlier and -0.9% from the quarter before.
Was GlobalTech profitable in the fourth quarter 2024?
Operating loss was $888K (-17.9% of revenue) and net earnings $162K.
Source: GlobalTech 10-K on SEC EDGAR.