<a href="https://laohu8.com/S/GITS">Global Interactive Technologies Inc.</a> posts net loss of $542,977 for Q3 2025
Global Interactive Technologies Inc. reported a net loss of $543.0 thousand for the three months ended September 30, 2025, a 10% increase from a net loss of $491.7 thousand in the same period of 2024. The company recorded revenue of $1.9 thousand for the quarter, with no cost of revenue. General and administrative expenses rose to $1.8 million, an increase of 152% compared to $708.6 thousand in the previous year. The rise in net loss was primarily attributed to amortization expense related to intangible software assets for the Faning platform. During 2024, subsidiaries were divested and their results reclassified as discontinued operations, resulting in no revenue from continuing operations in the comparable prior period. The company operates Faning, a digital platform focused on global fans of Korean culture.
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