GPS technology-focused holding company GTX Corp (OTC: GTXO)
this morning announced financial highlights for the third quarter ended
September 30, 2018. According to the update, over the 2017 comparable period:
third quarter financial highlights reflected an overall revenue increase of 12
percent and product sales increased 43 percent; nine month financial highlights
reflected an overall revenue increase of 31 percent and product sales increase
of 73 percent. “As highlighted above, we had incremental improvements with
single or double-digit increases or decreases in the major metrics we measure –
revenues were up, subscribers were up, margins were up, while our cost of
operations, cash used in operations, professional services, G&A and net
losses decreased,” GTX Corp CEO Patrick Bertagna stated in the news release.
To view the full press release, visit http://ibn.fm/HFzPU
About GTX Corp
GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable
GPS tracking and recovery location based products, supported through a
proprietary IoT enterprise monitoring platform. GTX offers a global end-to-end
solution of hardware, software and connectivity. Headquartered in Los Angeles,
California, GTX is known for its award-winning patented GPS
SmartSole – Think Dr. Scholl’s meets LoJack, the world’s first
invisible wearable technology GPS tracking device created for those at risk of
wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. GTX
Corp’s business model is built around technology innovation and holds over 85
patents with many issued patents in the area of GPS tracking. The company has
international distributors servicing customers in over 35 countries and is a US
Military Government contractor. Other customers include public health
authorities and municipalities, emergency and police authorities, private
companies, public and private senior care homes, and consumers. GTX Corp is an
equal opportunity employer with a history of employing a diverse workforce and
US veterans; makes many of its products in the USA, is a member of the United
Nations Global Compact and Trust 2 Protect partnership. The Company doesn’t
just make and sell the best GPS tracking products, they deliver innovative,
miniaturized, low power consumption wearable tech that provides safety,
security and peace of mind at the touch of a button. GTX puts
the “Where” in Wearable Tech. For more information, visit the
company’s website at www.GTXCorp.com
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