CEO Patrick Bertagna Video Interview – Unpacking the 10K Annual Report
GTX Corp; 10k Annual Reports Show Strong Growth Watch the Interview with Patrick Bertagna here or on Youtube
GTX Reports 2019 Financial Summary
Revenue increased 118%, IP Licensing increased 1,426%, Subscribers increased 36% LOS ANGELES CALIFORNIA, April 1, 2020 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced a summary for the year ended December 31, 2019. 2019 Financial Highlights: Overall Revenue increased 118% over 2018 comparable period. IP Licensing increased 1,426% over 2018 comparable period. International Subscribers increased 44% over 2018 comparable period. Overall Subscribers increased 36% over 2018 comparable period. Professional Services increased 75% over 2018 comparable period. Gross Margin increased from 69% to 87% from 2018. Total operating expenses decreased 25% from 2018. Loss from Operations decreased 118% from 2018, turning operations profitable. Net Loss reduced 67% from 2018. Net Cash used in operations decreased 66% from 2018. Management commentary: Patrick Bertagna, GTX Corp CEO. In these unprecedented times we want […]
GTX Corp “With You” Company Announcements & Coronavirus Impact
2020 started off strong with new product launches in the field of Health and Safety, new international expansion and viral multi-media news coverage! A great start so far and we expect to come out with more announcements as we are currently collaborating with partners on how to address the pandemic that is facing us. As part of the global community, our hearts are with all those impacted by the novel coronavirus. Like most businesses, we are facing some temporary uncertainty as elements of our international supply chain have been interrupted and many of our team members are working from home. Despite these coronavirus business impacts, we want to assure you we will continue to serve our community and our customers as usual and do not anticipate any interruption in service. We are very glad to have your continued support and engagement.In fact, we’d like to introduce new ways to connect […]
GTX Expands Testing of New Hearing Protection Solution to Sri Lanka, Peru and Las Vegas
LOS ANGELES, CALIFORNIA, March 9, 2020GTX Corp (OTC: GTXO) (GTX), a pioneer in the field of GPS wearable technology people & asset tracking, today announced receiving test orders for their recently launched noise reduction system NRBz, from the Sri Lanka Ministry of Defense and from a distributor in Peru which specializes in solutions for the health, mining and transportation industry. NRBz are patented noise reduction ear buds designed to reduce loud background noise by up to 40 dB’s without attenuating low direct noise such as someone speaking to you. Ideal for military, law enforcement, first responders, hunters, recreational firearms users, mining, oil, utility and gas workers, race car drivers, motorcycle riders and people with autism or hyper-sensitivity to loud noises but still need to clearly communicate with other people around them. In fact this past weekend several of the 550 race teams from over thirty different states and seventeen different […]
GTX Corp Signs Agreement with Hearing Armor and Launches New Wearable Tech Hearing Protection Product Under its Health & Safety Platform
LOS ANGELES, CALIFORNIA, February 19, 2020GTX Corp (OTC: GTXO) (GTX), a pioneer in the field of GPS wearable technology, people & asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced the launch of a new patented wearable technology noise reduction system designed to protect the wearer from loud background noises, without interfering or drowning out direct verbal communication. The patented noise reduction ear buds or NRBz are designed to reduce loud background noise by up to 40 dB’s without attenuating low direct noise such as someone speaking to you. Perfect for military, law enforcement, first responders, hunters, recreational firearms users, oil and gas workers, race car drivers, motorcycle riders and people with autism. Basically, anyone who is exposed or sensitive to loud noises but still needs to clearly communicate with people around them. The hearing protection system, invented by Dr. Rick Rogers, was originally created to provide […]
GTX Corp Launches New Health & Safety Platform
LOS ANGELES, CALIFORNIA, February 6, 2020 GTX Corp (OTC: GTXO) (GTX), a pioneer in the field of GPS wearable technology, people & asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced the launch of its new Health and Safety suite of products. This new platform will focus more on NFC, BLE and IoT technology along with other patented technologies to produce a variety of health and safety products that can be used alone or integrated across a wide array of vertical markets and applications. While the Company is staying true to its ethos of wearable technology, this Health and Safety platform will expand beyond footwear and the senior community, which is what GTX Corp is most well known for. Some of the new channels will be hospitals, schools, oil and mining, construction and the art world, adding to its existing channels serving seniors, Alzheimer’s, autism, military and […]
AI Venturetech to Utilize GTX Corp GPS Products for Future AI Applications
JANUARY 31, 2020 AIVENTURETECH (NEW YORK)–AI VentureTech, Inc. announces plans to utilize GTX Corp (OTC: GTXO) GPS wearable tracking technology and NFC solutions to build future Artificial Intelligence (AI) and Machine Learning (ML) applications for commercial markets. GTX Corp is a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS). The Company will explore the development of AI based applications utilizing data from GTX Corp GPS wearable products. Predictive Tracking of High-Risk Patients One area of research would be in developing analytical and predictive applications for high risk patients such as Alzheimer’s and Dementia. We could build applications that utilize GTX Corp patented GPS SmartSole® wearable shoe product to build data sets that better predict locations for patients who may wonder based on past data and patterns. Shipping and Logistics At the enterprise level we plan to explore development of tracking analytic applications to increase […]
GTX Receives Initial Test Order from Sri Lanka Ministry of Defense
LOS ANGELES, CALIFORNIA, January 21,2020 GTX Corp (OTC: GTXO) (GTX), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced it has received an initial test order from the Sri Lanka Ministry of Defense. Over the past twelve months, GTX has been working with the Sri Lanka government to get its GPS and Track & Trace solutions approved for sale and import into the country as part of a large scale requirement from the Sri Lanka Army, Disaster Management Centre, and Centre for Research and Development under the Ministry of Defense initiative to tag, track and locate (TTL) their personnel and equipment. Shortly following the Sri Lanka government approving their 2019 annual budget of $17.5 billion, GTX received an Official Letter and Certificate (registration number F191478) approving GTX as a registered supplier for the year 2019 under the […]
GTX Corp Reports Third Quarter 2019 Financial Results and Corporate Summary Update
LOS ANGELES, CALIFORNIA, November 18, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced a summary for the Third Quarter ended September 30, 2019. Third Quarter 2019 Financial Highlights: Revenues for the three months ended September 30, 2019 were approximately $340,000 compared to approximately $195,000 for the comparable period in the prior year for an increase of approximately $145,000, or 74%. Gross Profit Margin for the three months ended September 30, 2019 was 89% compared to 77% for the three months ended September 30, 2018. This increase in margin is primarily due to the increase in higher margin IP licensing, Professional Services and subscription revenue during these periods. Income from Operations for the three months ended September 30, 2019 was $73k as compared to ($227k) for the comparable period in the prior […]
GPS SmartSoles Expand Government Supported Distribution in Europe
LOS ANGELES CALIFORNIA, October 10, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced U.K. distributor Possum, has begun supplying the GPS SmartSoles to various local and national government authorities, housing associations and National Health Services (NHS) departments, along with expanding distribution into private sector entities. As GTX continues to expand its distribution across the U.K. The GPS SmartSole is now being used on patients in over 45 local health authorities including Scottish Borders, Warrington, Rotherham and the London Borough of Newham; major national Care Homes like Gracewell Healthcare and Sunrise Senior Living as well as numerous resellers of medical supplies and National Equipment Providers to the National Health Service (NHS) like Millbrook Healthcare. “We are excited to see the distribution and interest of the GPS SmartSole grow across […]