GTX Corp First Quarter 2019 Summary
LOS ANGELES, CALIFORNIA, May 28, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced a summary for the First Quarter ended March 31, 2019. First Quarter 2019 Highlights Overall Revenue decreased 59% over 2018 comparable period Overall Subscribers increased 26% over 2018 comparable period International Subscribers increased 37% over 2018 comparable period Domestic Subscribers increased 15% over 2018 comparable period IP Revenue increased 170% over comparable 2018 period Outside Financings decreased by 75% over 2018 comparable period Net cash used in operations decreased 45% over 2018 comparable period Management commentary: Patrick Bertagna, CEO, GTX Corp. Due to unforeseen and unexpected production delays surrounding Chinese New Year, we unfortunately missed our numbers because of timing and not being able to get product shipped out before the end of the Quarter. We […]