GMTech Inc. SEC 10-Q Report

GMTech Inc., a leading provider of smartphones and IT consulting services, has released its latest Form 10-Q report, showcasing significant financial and operational improvements. The report highlights the company's robust performance in the Asian smartphone market and its strategic diversification into IT consulting services in North America.

Financial Highlights

• Revenue: $3.32 million, driven by the new business of smartphone trades in the Asian market.
• Gross Profit: $2.57 million, reflecting strong performance in the smartphone segment.
• Net Income: $0.94 million for the three months ended April 30, 2025, indicating a significant improvement from the previous year's loss.
• Net Income Per Share - Basic and Diluted: $0.08, showcasing profitability per share compared to the previous period.

Business Highlights

• Revenue Segments: GMTech Inc. generated revenue primarily from the sale of smartphones to wholesale and retail customers in Asia. The company also provides IT consulting services to customers in North America through its subsidiary, Anptech Inc.
• Geographical Performance: The company's operations are geographically segmented with smartphone sales concentrated in the Asian market, while IT consulting services are provided in North America. This diversification allows GMTech to tap into different regional markets.
• Sales Units: The company reported significant sales of smartphones, which contributed to the overall revenue growth.
• Future Outlook: GMTech anticipates that working capital requirements will continue to be funded through a combination of existing funds, operating income, and further issues of securities. The company expects to see an increase in operating expenses and capital expenditure related to developmental expenses for AI tools, marketing, and maintaining its status as a publicly reporting company.

SEC Filing: GMTech Inc. [ GMTH ] - 10-Q - Jun. 18, 2025