GTX Corp Third Quarter 2018 Summary
Revenue increased 12%, Product Sales increased 43%, Subscribers increased 62% LOS ANGELES CALIFORNIA, November 27, 2018 GTX Corp (OTCQB: GTXO) (“the Company”), an Internet of Things (IoT) solutions provider in the GPS wearable location and wandering assistive technology business announced today a summary for the third quarter ended September 30, 2018. Third Quarter Financial Highlights Overall Revenue increased 12% over 2017 comparable period. Product Sales increased 43% over 2017 comparable period. International Subscribers increased 120% over 2017 comparable period. Domestic Subscribers increased 33% over 2017 comparable period. COGS decreased 31% from 2017. Gross Margin, excluding IP, increased 34% from 2017. Wages & Benefits decreased 3% from 2017. Other expenses decreased 87% from 2017. Nine Month Financial Highlights Overall Revenue increased 31% over 2017 comparable period. Product Sales increased 73% over 2017 comparable period. Subscriber Revenue increased 20% over 2017 comparable period. Total Subscribers increased 73% over 2017 comparable period. COGS decreased […]