Fri, Jun 28, 8:17 PM (115 days ago)
GlobalTech Corporation's Form 10-K/A for the fiscal year ended December 31, 2023, provides an amendment to correct and update the original report. Key changes include updates to the cover page, inclusion of cybersecurity and risk factors, changes in auditors, and updates to executive compensation and security ownership. Financial highlights show a revenue decrease to $10.6 million from $11.6 million in 2022, and a reduced net loss of $8.3 million from $12.4 million. Operating in Pakistan, the company faces risks related to foreign exchange, political instability, regulatory shifts, and cybersecurity threats. The future outlook involves strategic focus on Fiber to the Home (FTTH) network expansion to enhance service offerings and customer retention.