GTX Corp Finishes Delivery of Initial Military Order and Comments on 2017 Financial Results
Los Angeles, Calif. – April 10, 2018 GTX Corp (OTCBB: GTXO), an Internet of Things (IoT) solutions provider in the personal location, wearable and wandering assistive technology business, announced today the completion of its initial military order and commentary on the Company’s 2017 summary highlights for year-end December 31, 2017. Management commentary: 2017 was a successful year in terms of achievements and positioning for 2018, but not in terms of numbers, there were no significant increases or decreases compared to the previous year in any of the major matrix numbers – revenues, expenses, losses or profit margins. There were three dominant factors that contributed to our results, first being our IP monetization campaign is taking much more time and resources than we had expected. Licensing revenues are typically high margin so this had a direct affected both our top and bottom line, however we have taken several steps to remedy […]