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GTX Corp (GTXO)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.00820.0000 (0.00%)
At close: 11:07AM EDT
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  • D
    DataTrader
    Really good GTXO Investor Presentation to watch. Well worth registering for
    https://ldinv12.mysequire.com/recording?session_id=6b2091ba-bb70-4ddb-97a4-02d856790b40
  • D
    Dan
    4500 pre-orders. Lets see 4500x$30=135K per month it is a start.
  • H
    Hans
    11K shares traded today = $83.60 trade value. Rock on GTX. CEO doesn’t care as he still gets his $100K plus salary and benefits.
  • D
    DataTrader
    Says just 5% of their target market potentially makes GTXO a half a billion company.....and that's just 5% their market
  • F
    Fred
    someone bought 1 share. Did they get change from their penny?
  • D
    DataTrader
    GTX Corp to Present at The LD Micro Invitational
  • H
    Hans
    How can this company justify $500k a year in salaries and benefits when their stock hits $0.006 this morning?
  • D
    Dan
    Ok if they sell all 500 units they have in stock in the next quarter? Then what? Are we rich?
  • D
    DataTrader
    News: GTXO announces SmartSole sales deal into Germany!!!
  • F
    Fred
    2500 volume friday. ummmm
  • a
    anesth2go
    They better sell some soles, and/or tell us they are. Otherwise, they may lose theirs to you know who.
    “Please allow me to introduce myself, I’m a man of wealth and faith”
  • H
    Hans
    Anyone take the time to read the 10-K for 2021? Wages and benefits accounted for 85% of total revenue! 85%!!!!!! Overpaid and over compensated executives. My dog could be CEO and lose money every year while only getting compensated with a few boxes of dog treats. What a joke! CEO has been earning between $100k and $200k for the last bunch of years. Yet, some of you uneducated investors keep buying their stock! Where’s the outrage?
  • D
    DataTrader
    News - GTXO announces sales contract in Sweden $$$$
  • B
    Bbuck
    If you missed it also Live in Japan $$$$
    https://gtxcorp.com/smartsoles-live-in-japan/
    Bullish
  • F
    Fred
    Please 2 cents soon. I will be very happy.
  • D
    DataTrader
    GTXO releases Investor Roadmap for 2022
    https://twitter.com/GTXCorp/status/1513942338476859395
  • L
    Lee
    GTX Reports 2020 Financial Summary
    LOS ANGELES CALIFORNIA, April 05, 2021 (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, 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 and foremost extend our appreciation and gratitude to every GTX stake holder from our employees, vendors, customers, advisors, and shareholders that helped GTX navigate and expand throughout 2020.

    YEAR IN REVIEW

    2020 was probably our most transformative year since we launched our GPS SmartSoles. With the global economic slowdown and restrictive lockdowns enforced in California due to COVID, we did have a reduction in total revenues, however we increased product sales, increased our B2B, B2C and government customer base by double and triple digits, expanded our product lines to close to 100 products, maintained good profit margins, and reduced our general expenses. Except for a government backed 30-year, low interest loan, we did not take on any new debt and continued to retire our existing debt by $494K or 35% at the close of 2020. Because of our commitment to significantly reduce our debt and lower interest payments and derivative expenses, we had an increase of over $1,000,000 comparable to the 2019 period, in non-core below the line income.

    Due to our pivot in early March 2020 to expand our Health and Safety product line into the Personal Protective Equipment (“PPE”) business, we saw a 109% increase in product revenues compared to 2019, added close to 2,500 new customers, elevated our product and brand awareness in the U.S. and showed a modest net profit for the first three quarters of 2020. The expansion into the PPE business enabled us to have additional cash flow for R&D and debt reduction, broaden our product offerings, start an advertising campaign, all of which we believe has expanded our visibility in the marketplace, as we are starting to see more cross selling across our product lines, an increase in total number of shareholders, and continue to see a noticeable increase in inquiries from our distributors for wearable tracking and monitoring solutions, which is the cornerstone of our business.

    COVID did somewhat contribute to our reduction in total revenues but the big factor comparing 2019 to 2020 was directly related to IP licensing. In 2019, in addition to our normal IP licensing revenue, we had one large transaction for $650,000 that dramatically increased our licensing revenue for that year, however in 2020 we did not have one large transaction and only signed one agreement compared to fourteen in 2019. Subscriptions were also lower than expected due to COVID-19 and because many of the cellular providers worldwide transitioned to 4G and 5G shutting down 2G and 3G in many parts of the world. Even though we had been planning for the 2G and 3G sunset we had no way to plan for COVID at the same time, which effected our ability to quickly migrate customers over to 4G. Despite these temporary setbacks, we continue to see a steady flow of pre-orders for our 4G SmartSoles and as the global economy reopens, we expect to see continued demand for our 4G products and subscription reactivation.

    At the onset of the second quarter of 2020, the Company was immersed in addressing the impact of COVID-19: from setting up work safety policies, social distancing guidelines, shelter in place lockdowns, evaluating our supply chain which at that time was completely disrupted and communicating with our customers and suppliers across the globe to address and ascertain their impact. At the same time, we had to quickly expand our infrastructure to support the rapid need and demand for protective medical equipment. We hired additional people and added new warehouse space, all while still managing to reduce total expenses throughout the year. As we faced many uncertainties, we filed for government assistance loan programs, which we received late in the second quarter. Even with all the uncertainty, chaos and panic that ensued in March, April and May we still managed to build out our PPE business, sold and donated hundreds of thousands of PPE items to a wide range
    Bullish
  • S
    Snow Man
    Revenues as a whole during Q1 2021 increased by 138% or $133,805 in comparison to Q1 2020 mostly as a direct result of the easing of the overall setbacks and the restrictive lockdowns due to COVID, which in turn brought about a reduction in IP and subscription revenues, however we still managed to grow our product revenues, grow our customer base, expand our product lines, maintain good profit margins, and reduced our general expenses. Product sales increased 445% or $140,726 in Q1 2021 in comparison to Q1 2020, which is attributable to our pivot in early March 2020 to expand our health and safety product line into the Personal Protective Equipment (“PPE”) business.



    We increased our customer base by at least 1,684, or 1881% for the quarter ended March 31, 2021 compared to same period in 2020.
  • B
    Bbuck
    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 received a notice of allowance for a new patent by the United States Patent and Trademark Office (USPTO). This will be the 4 utility patent in the GPS SmartSole family and will cover various ways to design, protect and manufacture a GPS device inside an insole including the inductive charging unit. The patent has 20 claims, 2 of which are independent and open continuation for further expansion.
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