Global-Smart.Tech Inc. Reports 85% Revenue Increase and Improved Net Loss for Quarter Ending August 31, 2026

Global-Smart.Tech Inc. reported its financial results for the three months ending August 31, 2026, revealing a significant increase in revenue compared to the same period last year. The company generated $27,482 in revenue, up from $14,803 in the prior year, marking an increase of approximately 85%. This growth is attributed to the overall expansion of the company's cloud rendering services, which cater to 3D interior designers and visualization professionals. Despite the revenue increase, the company reported a net loss of $15,972, a notable improvement from the $46,676 loss recorded in the same quarter of 2025.

The company's operating expenses for the quarter totaled $43,454, a decrease from $61,479 in the previous year. This reduction was primarily driven by a significant drop in professional fees, which fell from $31,090 to $11,660, as the company did not incur one-time advisory costs that were present in the prior year. General and administrative expenses increased slightly to $13,245 from $11,840, while depreciation expenses remained consistent at $18,549. The overall decrease in operating expenses contributed to the reduced net loss.

In terms of operational developments, Global-Smart.Tech's total assets increased to $140,227 as of August 31, 2026, compared to $124,649 at the end of the previous fiscal period. The company’s current assets rose significantly, primarily due to an increase in prepaid expenses, which grew to $42,855 from $9,100. However, total liabilities also increased, with current liabilities rising to $491,525 from $459,975, largely due to a loan from related parties. The company’s accumulated deficit reached $390,345, raising concerns about its ability to continue as a going concern without additional financing.

The company has made strategic moves to enhance its operational capacity, including the cancellation of 3,000,000 shares of common stock, which reduced the total outstanding shares from 6,134,780 to 3,134,780. This action, taken by CEO Yehor Rodin, is viewed as a voluntary capital contribution to strengthen the company's financial position. As of the reporting date, Global-Smart.Tech had only one employee, indicating a lean operational structure, but the company may consider expanding its workforce as demand for its services grows.

Looking ahead, Global-Smart.Tech plans to focus on increasing its rendering capacity and enhancing its platform's functionality to drive future revenue growth. The company aims to attract more clients through competitive pricing plans and effective marketing strategies. However, management acknowledges that achieving sustained revenue growth and profitability will depend on customer adoption, operational efficiency, and securing necessary financing. The company intends to finance its operations through equity or debt financing, as well as related party loans, to meet its development goals over the next twelve months.