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Global Technology Acquisition Corp I  (NASDAQ: GTAC)
Other Ticker:  
 
    Sector • Services    Industry • Professional Services
   Industry • Professional Services
   Sector • Services
 
Price: $11.4800 $-0.02 -0.174%
Day's High: $11.48 Week Perf: -0.35 %
Day's Low: $ 11.48 30 Day Perf: 2.32 %
Volume (M): 0 52 Wk High: $ 11.75
Volume (M$): $ 1 52 Wk Avg: $11.43
Open: $11.48 52 Wk Low: $11.00



 Market Capitalization (Millions $) 39
 Shares Outstanding (Millions) 3
 Employees 5
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Global Technology Acquisition Corp I
Global Technology Acquisition Corp I is a special purpose acquisition company (SPAC) formed for the purpose of acquiring, merging with, stock exchange or similar business combination with one or more businesses. It was founded in 2007 and is based in New York, United States. The company focuses on technology-enabled businesses with global operations. Global Technology Acquisition Corp I went public in 2008 and raised $142 million through its initial public offering. Its objective is to identify and acquire a company in the technology sector that has the potential for growth and strong market potential.


   Company Address: 195 US Hwy 50 Zephyr Cove 89488 NV
   Company Phone Number: 203-7980   Stock Exchange / Ticker: NASDAQ GTAC


   

Stock Performances by Major Competitors

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Global Technology Acquisition Corp I

Blank Checks Company Faces Major Setback with Drastic Reduction in Operating Results



The stock market, with its ever-changing landscape, is a hub of activity for investors and industry veterans alike. In this article, we delve into the first quarter figures of the Blank Checks industry and highlight some interesting facts that shed light on the current scenario. With a focus on revenue generation and net deficit, we will explore the expectations of investors and the performance of Global Technology Acquisition Corp I during this period.
Operating Shortfall and Revenue Generation
As industry veterans analyze the first quarter of 2024, one significant metric that catches their attention is the operating shortfall of -$0.263 million reported by a Blank Checks company. What makes this figure intriguing is the absence of any revenue citation for the period from January to March 31, 2024. With no revenue to offset the operating shortfall, investors are anxiously awaiting the arrival of new revenue sources.
Global Technology Acquisition Corp I

Global Technology Acquisition Corp I Reports Declining Financial Performance in Fourth Quarter of 2023

The financial results of Global Technology Acquisition Corp I for the fourth quarter of 2023 have raised concerns among investors and analysts. The operating loss of $-0.315 million is a substantial decline from the previous year, indicating a lack of revenue sources and productivity improvement. The earnings declining by -96.41% from the fourth quarter of 2022 is also alarming, as it may not accurately reflect the future performance of the company.
In addition, the company reported revenue of $0.00 million and net profits of $2.33 million for the fiscal period 2023. The decline in Income per share by -62.75% to $0.19 per share from $0.51 in the previous fiscal period is also a red flag for investors. The fact that there was no growth in revenue from the previous year is also concerning, as it indicates a lack of expansion or diversification in the company's revenue streams.
Global Technology Acquisition Corp I

Global Technology Acquisition Corp I: Blank Checks Make Big Waves with $-0.196 Million Operating Loss



Global Technology Acquisition Corp I, a prominent player in the Blank Checks industry, recently released its financial results for the third quarter of 2023. While the company reported an operating loss, there are notable improvements compared to the previous year. These results indicate a positive trajectory for Global Technology Acquisition Corp I and raise questions about how it may impact the company in the future.
Financial Performance:
In Q3 2023, Global Technology Acquisition Corp I disclosed an operating loss of $-0.196 million. Although this indicates a negative outcome, it is important to analyze this figure within the overall business context. To gain a clearer perspective, we can compare it with the Q3 2022 operating loss of $-0.166 million. With the figures in mind, it becomes evident that the company's operating loss has slightly increased but remains within a manageable range.
Global Technology Acquisition Corp I

Global Technology Acquisition Corp I Faces Increasing Expenses in Q2 2023, Deepening Investor Concerns

The recent earnings announcement by Global Technology Acquisition Corp I (GTAC) has further ignited bearish sentiments among investors. The company revealed an operating loss of $-0.379 million for the second quarter of 2023, confirming the concerns about its financial health.
Investors were eagerly waiting for GTAC to announce new revenue sources to alleviate the pessimism surrounding the company. However, based on the latest report, it seems that GTAC has failed to deliver on these expectations. This news has only added to the lackluster performance of the company, dampening investor confidence even more.
Global Technology Acquisition Corp I

Global Technology Acquisition Corp I experiences a dip in business behavior, but shows promise with improved ranking and room for growth

Global Technology Acquisition Corp I, a blank check company in the financial sector, generated a return on average invested assets (ROI) of 4.59% in the first quarter of 2023. This number is lower compared to the company's average ROI of 5.01%. The decrease in net income caused the decline in ROI as compared to the period ending on December 31, 2022. Furthermore, within the financial sector, 129 other companies achieved a higher ROI.
Though the ROI of Global Technology Acquisition Corp I has decreased, its overall ranking improved from 1265 in the fourth quarter of 2022 to 1181 in March 31, 2023. This may mean that the company's financial performance is somewhat stable, but it has to increase its ROI to stay competitive.









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