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TPT Global Tech's Efforts to Reduce Debt Results in a $4.9 Million Profit in Q2 2024, Files 10-Q for SEC Compliance [Yahoo! Finance]

TPT GLOBAL TECH INC (TPTW) 
Company Research Source: Yahoo! Finance
SAN DIEGO, CA / ACCESSWIRE / September 26, 2024 / TPT Global Tech (OTC PINK:TPTW), a leading telecommunications and technology company, announced today that its debt reduction efforts helped result in a $4.9 million profit in the second quarter of 2024 primarily a result of trouble debt restructuring of $4.7 million. Additionally, the company has now filed its June 30, 2024, Form 10-Q quarterly financial report, ensuring compliance with its financial reporting requirements with the U.S. Securities and Exchange Commission (SEC). TPT Global Tech reported a net income of $1.7 million for the six months ended June 30, 2024, compared to a $2.8 million loss for the same period in 2023, representing efforts to reduce debt and improve its balance sheet. Cash used for operating activities during these same periods was $294,977 and $483,008, respectively. The Company recognized a gain on troubled debt restructuring during the six months ended June 30, 2024, in relation to its EMA legal set Show less Read more
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