Global Technologies Ltd (GTLL) Q4 2024 Earnings Report

Global Technologies Ltd (GTLL) reported a markedly stronger Q4 2024 with revenue of $606,176 and a robust gross margin of 64.96% alongside a healthy EBITDA of $300,848 and a net income of $285,851. The quarter marked a meaningful QoQ uplift of approximately 34% from Q3 2024’s $451,509 revenue, while YoY comparisons reflect an outsized base effect given Q4 2023 revenue of only $3,000. Operating and net margins expanded, with operating income at $202,356 (OP margin ~33.38%) and net income margin near 47.16%. The company also generated positive operating cash flow of $101,186 and end-of-period cash of $115,747, supporting a roughly $101k free cash flow during the quarter.

However, the headline robustness sits alongside notable balance-sheet and liquidity vulnerabilities. Total current liabilities exceed current assets by a wide margin, producing a reported current ratio of 0.077 and a quick ratio that remains well below 1. The balance sheet shows a very large goodwill balance (approximately $7.69 million) and a negative retained earnings balance of roughly $(166.67) million, underscoring a fragile equity base and potential impairment risk. Debt metrics show a short-term debt burden (~$503k) with net debt around $387.5k, but the lofty share count (roughly 14.69 billion weighted average shares) depresses earnings per share and per-share cash flow figures, reflecting significant dilution. Given the lack of transcript-based guidance, the outlook hinges on maintaining liquidity, stabilizing cash flow generation, and achieving sustainable top-line diversification beyond a base CBD/e-commerce platform. Investors should monitor liquidity recovery, working-capital discipline, and any strategic actions to deleverage or monetize underutilized assets.

Overall, GTLL’s QQ4 2024 results convey a quarter of meaningful top-line momentum and margin expansion, but the sustainability of this trajectory requires clarity on balance-sheet repair, continued cash-flow resilience, and how the company monetize scale in a highly regulated CBD-e-commerce ecosystem.