Global Technologies, Ltd. Announces Its Financial Results for the Year Ended June 30, 2024
GLOBAL TECHS LTD (GTLL)
Company Research
Source: GlobeNewswire
Parsippany, NJ, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC: GTLL), a Delaware corporation, today announced its financial results for the year ended June 30, 2024. Financial Highlights: -Shareholder Equity increase of $6,060,478 at June 30, 2024 versus June 30, 2023;-Revenue increase of $1,040,685 for the year ended June 30, 2024 versus June 30, 2023, or 6,122%;-Gross Profit increase of $464,055 for the year ended June 30, 2024 versus June 30, 2023, or 2,730%;-Net income increase of $1,846,121 for the year ended June 30, 2024 versus June 30, 2023, or 179%. Financial Commentary: - Shareholder Equity: At June 30, 2024, shareholder equity increased to $1,532,471, an increase of $6,060,478 from June 30, 2023. The increase in shareholder equity is largely attributable to the Company’s increase in revenue, the Company’s share exchange of its formerly issued Series L Preferred Stock for the newly designated Series N Preferred Stock and its other income for the yea
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