GTX Corp Reports First Quarter 2022 Financial Results and Corporate Summary Update

May 19, 2022

LOS ANGELES CALIFORNIA, May 19, 2022,GTX Corp (OTC: GTXO) (“the Company”), a pioneer in the fields; of health & safety, wearable GPS human and asset tracking systems and personal protective medical equipment and supplies, today announced financial results for the First Quarter ended March 31, 2022 and provided the following corporate summary: Three Month Financial Highlights Overall Revenue decreased 27% over 2021 comparable period. Gross Margin increased from 36% to 42% over 2021 comparable period. Wages and benefits and professional fees both decreased by 2% over 2021 comparable period. Reduced government loans by 31%. Other expense decreased by 129% as we lowered accrued interest, reduced our government debt by $68,000 and eliminated losses from the extinguishment of debt. Management commentary by Patrick Bertagna, GTX Corp CEO: As we started seeing an end to COVID on a grand scale and a return to normal operations and staffing, the Company began mapping […]

GTX Launches 4G GPS SmartSole across Germany in Partnership with ProteGear.com

April 27, 2022

LOS ANGELES CALIFORNIA, April 27th 2022: GTX Corp (OTC: GTXO) (“the Company”), a pioneer in the field of location based wearable GPS human and asset tracking systems and ProteGear.com, a German IT/GPS tracking specialist company, announced their cooperation to launch the latest generation of the GPS SmartSole product based upon LTE Cat M1 technology. “We are excited to work with ProteGear, parent company Global SafeTrack Systems GmbH, to bring the latest generation of the GPS SmartSole technology to Germany,” stated Andrew Duncan GTX Director. “As the largest senior health care market in Europe, with a population of close to 84 million, it is very important for us to have a strong presence there.” The German health system provides universal population coverage either through social health insurance (SHI), which covers almost 90% of the population, or VHI (Voluntary Health Insurance.) Health insurance coverage is mandatory for the entire population. Coverage is […]

The “Longevity Revolution” Has Begun: This Early Pioneer In The Wearable Technology Industry Says It May Be On The Cusp Of Becoming An “Extraordinary Overnight Success.”

April 26, 2022

by Spotlight Growth April 26, 2022 11:50 AM Read full article: https://www.benzinga.com/markets/penny-stocks/22/04/26818695/the-longevity-revolution-has-begun-this-early-pioneer-in-the-wearable-technology-industry-sa This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. The “Longevity Revolution”, as GTX Corp’s GTXO CEO Patrick Bertagna refers to it, is the convergence of technological advances in self-health monitoring, hyperawareness of how an individual’s health conditions affect their overall ability to survive viruses and diseases, and Artificial Intelligence (AI) to make sense of terabytes of data instantly resulting in people being able to extend their lives through collecting and monitoring vital medical stats regularly. According to Grand View Research, the global wearable medical device industry was valued at $21.3 billion in 2021. By 2030, the market research firm estimates the global industry will be worth around $196.6 billion. This represents an impressive compound annual growth rate (CAGR) of 28.1% between 2022 and 2030. Due to the size of […]

National Healthcare Agreement signed by GTX’s Swedish Distributor

April 21, 2022

National Healthcare Agreement signed by GTX’s Swedish distributor, Posifon AB, to Supply GPS SmartSoles to Health Authorities and Municipalities. LOS ANGELES CALIFORNIA, April 21,2022: GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of location based wearable GPS human and asset tracking systems and Posifon AB, a Swedish IT/Telecom company focused on senior health care monitoring, today announced that a national agreement has been signed that gives all municipalities and healthcare providers across Sweden access to supply the GPS SmartSole tracking solution and monitoring services. Sweden has a population of more than 10 million people of which approximately 3% have some form of cognitive issues such as Alzheimer’s, dementia, or autism, and under the Health and Medical Services Act, Sweden’s health system provides universal coverage to all legal residents. “This is a significant development and opportunity to expand the sales and distribution of the GPS SmartSole to over […]

GTX Reports 2021 Financial Summary

April 15, 2022

April 15, 2022 15:40 ET | Source: GTX Corp LOS ANGELES CALIFORNIA, April 15, 2022 (GLOBE NEWSWIRE) — 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, 2021. 2021 Financial Highlights: Cash on hand increased 44% over 2020 comparable period. Revenue decreased 44% over 2020 comparable period. Accounts Payable decreased 16% over 2020 comparable period. Inventory decreased 16% over 2020 comparable period. Customer base increased 53% over 2020 comparable period. Operating expenses increased 7% over 2020 comparable period. Debt decreased by 22% from previous 2020 comparable period. Management commentary: Patrick Bertagna, GTX Corp CEO. 2021 brought us Covid related opportunities and setbacks. Early in the year, we stated we could not accurately predict how long the Personal Protection Equipment (“PPE”) business […]

Brand Ambassador Ray Ciancaglini as keynote Speaker at Columbia University

March 31, 2022

Ray Ciancaglini SmartSole brand ambassador discusses the impact of Traumatic Brain Injury (TBI) as keynote Speaker at Columbia University.

GTX Issued Two Patents from USPTO

March 23, 2022

LOS ANGELES, CALIFORNIA – March 23, 2021 – GTX Corp (OTC: GTXO) (“the Company”), a pioneer in the field of health & safety wearable GPS human and asset tracking systems and personal protective medical equipment, announced today it has been issued two new patents by the United States Patent and Trademark Office (USPTO). U.S. patent number 11,272,761 is now the 4th patent to be issued in the GPS SmartSole family and U.S. patent 11,272,313 is now the 6th patent to be issued in the Comm Protocol family. The SmartSole patent 761 covers proprietary ways to protect and manufacture a GPS electronic module, including the inductive charging unit inside an orthotic insole. The patent has 20 claims, 2 of which are independent and an open continuation for further expansion, which has already been submitted to the USPTO. “This 4th SmartSole patent not only strengthens our competitive barriers to entry, as we […]

New to the Street on the Fox Business Channel talks with GTX Corp CEO Patrick Bertagna

February 24, 2022

New to The Street TV brings back Mr. Patrick Bertagna, GTX Corp’s (OTCPINK: GTXO) CEO, who talks with TV Anchor Jane King about the Company’s core business, medical tracking, and monitoring. As a medical device provider and a leader in the innovation on health monitoring wearables, Patrick talks about the evolution and revolution at GTX to bring new medical devices to increase longevity – live longer, better, and healthier. The Company’s GPS SmartSole®, the core technology, focuses on people with cognitive disorders who can easily get lost and disorientated. The GPS tracker is hidden and sealed within a shoe which can locate those in need, giving family and care keepers a reliable product for safety concerns. The next generation of footwear products contains algorithms that monitor multiple human functionalities, sending and storing data on the GTXO’s cloud-based servers. End-users can feel assured that their data isn’t misused, typical of large […]

GTX Corp CEO joins ‘New to The Street TV’ Anchor, Jane King, for an interview.

February 3, 2022

Patrick Bertagna gives a brief overview of the Company’s mission that focuses on health and safety products. Through three very distinct business divisions – tracking and monitoring solutions, distributing / manufacturing medical supplies, and intellectual property licensing, GTX Corp sells goods and services in over 35 countries.

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