GTX Corp Reports Third Quarter 2021 Financial Results and Corporate Summary Update
LOS ANGELES CALIFORNIA, November 19, 2021 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 Third Quarter ended September 30, 2021 and provided the following corporate summary: Nine Month Financial Highlights Overall Revenue decreased 42% over 2020 comparable period. Gross Margin increased 2% over 2020 comparable period. Wages and benefits decreased 19% or $92k over 2020 comparable period. R&D reduced by 89% as we shift to full production of 4G SmartSoles. Total Current Liabilities reduced 5% or $162k from 2020 comparable. Total debt, excluding PPP loans, reduced 11% or $198k over 2020 comparable period. Cash on hand increased 29% or $66K over 2020 comparable period. Stockholder’s deficit decreased 20% or $477k over 2020 comparable period. Did not take on any new debt. Management commentary […]