GTX Reports 2020 Financial Summary
LOS ANGELES CALIFORNIA, April 5, 2021 GTX Corp (OTC: GTXO) (“GTX” or the “Company”), a pioneer in the field of location based wearable GPS human and asset tracking systems and a supplier of Health and Safety personal protective medical equipment, today announced a summary for the year ended December 31, 2020. 2020 Financial Highlights: Product Revenue increased 109% over 2019 comparable period. Total Revenue decreased 29% over 2019 comparable period. Online ecommerce sales increased 875% over 2019 comparable period. Increased number of online customers by over 718% over 2019 comparable period. B2B and government customers increased by 46% over 2019 comparable period. G&A expenses decreased 22% over 2019 comparable period. Loss from Operations decreased 435% over 2019 comparable period. Other Income/(Expense) reduced 133% over 2019 comparable period. Reduced debt on balance sheet by approximately 35% Management commentary: Patrick Bertagna, GTX Corp CEO. In these unprecedented times we want to first […]