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There was a new video update over the weekend that some may have missed.
Going to be a busy industry.
https://www.inpixon.com/solutions/indoor-positioning
https://gtxcorp.com/tmwf-app/
That should help GTXO increasing the revenue.
England Brings Back Mask Mandates
Covid 19 new variant may be overseas but it's only a matter of time. This is going to really bring good things for GTXO.
Note the words "pandemic-fighting supplies"
https://www.nbcnewyork.com/news/local/omicron-variant-ny-declares-state-of-emergency-ahead-of-potential-spike/3421297/
"The declaration, which goes into effect on Dec. 3, will allow the state to acquire pandemic-fighting supplies, increase hospital capacity and fight potential staffing shortages. It would also allow the state Health Department to limit non-essential and non-urgent procedures at hospitals.
"We continue to see warning signs of spikes this upcoming winter, and while the new Omicron variant has yet to be detected in New York State, it's coming," Hochul said."
All Covid-19 - related stocks are flying today, next week should be interesting .
$GTXO
just like the flu vaccine...it does nothing for people against the next years flu.....viruses change...biggest money maker for drug companies now ...DR. SHIVA OF CYTOSOLVE...look it up educate yourselves....this virus will be with us forever so everyone trying to combat it and in the business of combatting it will make money including gtxo but those that make boosters will go on and on....
Nice way to start the day, keep the same energy .
$GTXO
B.1.1.529 variant causing fear
WHO has called emergency meeting for tomorrow regarding new variant B.1.1.529, which looks immune to vaccine
Futures already dropping on news
Watch news on this
Agree, long term investment, just keep adding, waiting until the right time, I’m not in a hurry .
$GTXO
Patience waiting our day will come...
Yep all good news for GTXO second wave means second chances. Why I hold.
NY issues mask mandates effective tomorrow
Mask mandate issued for Buffalo, New York, and other parts of Erie County effective 6am EST tomorrow
NEW: Mask mandate issued for Buffalo, New York, and other parts of Erie County
— BNO News (@BNOFeed) November 22, 2021
Flu outbreak on University of Michigan
Flu outbreak on University of Michigan's campus brings CDC to Ann Arbor
ANN ARBOR (WXYZ) — It's that time of year when flu cases start popping up in communities across the country, but what is happening in Ann Arbor is unusual.
On the campus of the University of Michigan, researchers are seeing what they describe as a "large and sudden increase" in flu cases among students.
According to U-M, the first positive case of influenza was detected on Oct. 6. Since then, there have been 528 students diagnosed at the University Health Service with the flu, with 77.1% of cases in students who have not been vaccinated against influenza.
I just keep adding every time we have sales, working on my first million .
I agree, a long hold for me!
Adding 575K so far, super discount
$GTXO
Great company, great product, huge potential IMO .
$GTXO
there are quite a few that start suffering the early signs of Alzheimers and dementia while they are at home....this progression can take years and does not happen over night...I know....many families keep their parents/grandparents at home as long as they can
you know the issue I have with smart soles is that is marketed towards dementia and Als patients. However, most are behind locked doors in a home wearing socks but no shoes.
The GPS SmartSole is currently reimbursable through Medicaid and various insurance providers in 11 U.S. states, and in Canada, Norway, and the UK. GTX management continues to expand this program to include more states, countries,insurance providers and Medicare reimbursement as well.
GTXO
You have included 'private schools' -
will this become the essential accessory for many children all over the US and wider?
$GTXO GTX Corp Reports Third Quarter 2021 Financial Results and Corporate Summary Update
https://www.globenewswire.com/news-release/2021/11/19/2338236/0/en/GTX-Corp-Reports-Third-Quarter-2021-Financial-Results-and-Corporate-Summary-Update.html
LOS ANGELES CALIFORNIA, Nov. 19, 2021 (GLOBE NEWSWIRE) -- 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 by Patrick Bertagna, GTX Corp CEO:
As indicated in the above bullets, we had lower than expected revenues, however all the other metrics were positive. During the quarter we focused on getting our 4G GPS SmartSole platform ready for launch and planning our roadmap for 2022. Even though we deployed every resource and every means available to get some product shipped before the end of September, we just faced supply chain and labor challenges that we had little or no control over, which ultimately affected our third quarter 2021 revenues. We have however now begun production and expect to start shipping before the end of the year. As of right now, we are still oversold for our first production run, and as we continue to receive additional pre-orders, we expect to maintain a backlog of orders until early 2022 or until supply chains come back to normal.
As we stated in previous filings, in anticipation of these shortages and delays, we began ordering raw materials as early as late 2020 and into early 2021, which allowed us to ensure that the majority of components are in house and ready to go. It is just taking a lot more time to get parts from point A to B and to get factories to produce, but we are in the final stretch and all components are now at the factories and we are pushing hard to get some product out the door before the holidays.
As part of our long-term growth strategy to launch new products and grow recurring revenues, we entered into several new collaboration agreements to potentially expand our product lines in wearable tracking tech, wearable biometrics, NFC and block chain supply chain management, and overall health, wellness, and longevity solutions.
During the third quarter 2021, we launched our Longevity Revolution marketing campaign and introduced a series of new videos highlighting some of the new wearable tech we plan to develop and introduce with some of our new partners. Even though we are still in the early stage with some these partnerships, we are making progress and expect to have a more detailed roadmap and announcements before the end of the year, or right after we launch our 4G SmartSoles.
Already having multiple UV products in our PPE product line and believing in the technology, we signed a distribution agreement with Synergistic Sanitizing Solutions for the UV Clean Air automated continuous UV-C air treatment system. This simple, seamless, and effective air purification technology uses patented UV-C light to reduce levels of virus, bacteria, and fungi by automatically and continuously treating the air to create healthier environments. The air purification system uses years of research and development in ultraviolet light and IoT enabled technologies to create a truly effective and modern air treatment system with laboratory results showing elimination rates up to 99.9%. With virus and pathogen awareness on high alert due to the Delta variant and inevitable new variants or a possible 4th waive which could arrive during the holidays, we immediately started introducing this highly needed product to our assisted living, health care, school, university, small business, and government customers. This product is not only highly effective in the fight against the spread of COVID, but also has 100% funding available for purchase and installation, through FEMA and the Coronavirus Aid Relief and Economic Security Act (CARES) for qualifying essential and critical community entities.
At the end of the first quarter 2021, we stated we could not accurately predict how long the Personal Protection Equipment (“PPE”) business would remain in strong demand and expected to be transitioning out of many PPE products over the coming months and only focus on strong sellers, while ramping up for the launch of the new SmartSoles, NFC Blockchain platform and other medical wearables. Our position at the end of the third quarter 2021 continues to be the same, however we did see some uptick in the third quarter for PPE demand due to the rising number of new COVID cases, the rapid spread of the Delta variant, new CDC mask guidelines and back to school mask mandates for k-12. As long as the demand remains, we will continue to service and support our customers for their PPE needs.
This quarter we also increased our marketing and outreach campaigns and because schools and assisted living facilities can potentially buy both PPE and tracking solutions from us, we ramped up our domestic B2B outreach programs and increased our marketing budget which we expect will generate more B2B U.S. sales in the future.
On the balance sheet front, we continued to reduce our debt and outstanding payables, while not taking on any new debt. We slightly increased our margins, we decreased our liabilities and debt, while increasing our cash on hand and pre-pay for a lot of our component inventory. All part of strengthening our position for 2022.
GTX Corp is a For-Profit with Purpose Company which has an extensive line of health & safety products, a broad patent portfolio, a proud U.S. military contractor and has multiple wearable tracking products sold through its online store, Amazon and authorized resellers and distributors servicing customers across the globe.
GTX Corp Reports Third Quarter 2021 Financial Results and Corporate Summary Update
https://seekingalpha.com/pr/18570636-gtx-corp-reports-third-quarter-2021-financial-results-and-corporate-summary-update
GTXO
GTX has distributors and customersin all 50 U.S. states and in 70 countries. This customer baserangesfrom the U.S. military, foreign military, public health authorities and municipalities, emergency, and law enforcement, first responders, private schools, assisted living facilities, NGOs, small business enterprises, senior care homes and direct to consumer.
GTXO
The dominate thing could be their IP portfolio but they are not professional enough to work out a strategy. They also work with a partner Inventergy which was unable to monetize the IY for years, if they would change the strategy and work with a valid and professional partner they would receive millions of $
The dominate player in GTX’s product portfolio is its award-winning,patented GPS SmartSole® product, which according to the company’s management is the world’s first invisible wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. While the products in GTX’s portfolio are both notable and complementary, the primary focus of our research is on the addressable market of the GPS SmartSole. The company intends to launch its new 4G LTE SmartSole by year-end
GTXO
That is a huge release. Seeing some buzz about it on facebook.
GTXO
Great find awesome news! Thanks.
Yes, I totally agree.
GTXO
"technology innovator" They certainly are!
GTX Corp (OTC: GTXO) is a technology innovator in the global $40 billion wearable technology market. The company develops and markets wearable GPS devices, stand-alone GPS devices, digital apps, BLE/NFC solution, encrypted RF military personnel and asset tracking solutions and protective medical supplies and devices.
GTXO
Very nice findings here: Award-winning innovator in the $40 billion global wearable technology market
Pioneer ofend-to-end solutions for GPS tracking and monitoring of people and high-value assets in real-time Fully vertical proprietary technology, products and portfolio of strong intellectual property
Solutions address concerns of a growing portion of the global population Customers, partners and resellers in all 50 U.S. states 70 countries
Long-term addressable market for GPS SmartSole® device is potentially 2.2% of global population, with immediate go-to-market-ready target of 35+ million
GSA-approved military and government supplier with many of its products Made in the U.S.A
Operates a business model built around technology innovation and holds dozens of patents, with many issued patents in the area of GPS tracking and wireless communication
Multiple high-margin revenue streams poised for growth as global demand and market expansion strategy take hold
Taking action to expand existing medical reimbursement program currently available through various providers in four countries
GTXO
No news on Quarterly Earnins Yet
I saw this. This is going to yield to big things for GTXO.
Germany: COVID 4th wave hitting full force
Merkel warns fourth Covid wave is hitting Germany with ‘full force’
Germany’s Chancellor Angela Merkel has described the Covid situation in the country as “dramatic.”
“The fourth wave is hitting our country with full force,” Merkel reportedly told an event for the Association of German Cities.
Germany recorded more than 50,000 new cases on Wednesday.
https://www.cnbc.com/2021/11/17/merkel-warns-fourth-covid-wave-is-hitting-germany-with-full-force.html
Agree, still holding my 536K shares, adding more very soon .
I'm continue held all my share here. It not worth to sell my share at lost. I still believe if they can land a few contracts for UV-C air then we will be in a good shape.
From 10-Q
Clean Air automated continuous UV-C air treatment system. This revolutionary simple, seamless, and effective air purification technology uses patented UV-C light air purification technology to reduce levels of virus, bacteria, and fungi by automatically and continuously treating the air to create healthier environments. The air purification system uses years of research and development in ultraviolet light and IoT enabled technologies to create a truly effective and modern air treatment system with laboratory results showing elimination rates up to 99.9%. With virus and pathogen awareness on high alert due to the Delta variant and inevitable new variants in the future, we immediately started introducing this highly needed product to our assisted living, health care, school, university, small business, and government customers. This product is not only highly effective in the fight against the spread of COVID, but also has 100% funding available for purchase and installation, through FEMA and the Coronavirus Aid Relief and Economic Security Act (CARES) for qualifying essential and critical community entities.
Infrastructure bill gets signed today. This is huge news as GTXO works in supplychain and tracking.
https://www.usatoday.com/story/news/politics/2021/11/15/biden-signs-infrastructure-bill/8617069002/
Globe Small Cap Research on $GTXO - Findings • Award-winning innovator in the $40 billion global wearable technology market • Pioneer of end-to-end solutions for GPS tracking and monitoring of people and high-value assets in real-time • Fully vertical proprietary technology, products and portfolio of strong intellectual property.
https://www.dropbox.com/s/ldyuszgfipumpmo/GTX%20Corp%20Report%20Nov%202021.pdf?dl=0
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MetAlert is a pioneer in smart, mobile, and wearable GPS tracking and recovery location-based solutions designed around health and safety. Supported through a proprietary IoT enterprise monitoring platform and intellectual property portfolio, MetAlert offers a global end-to-end solution of hardware, software, and connectivity, and develops tracking technologies, which seamlessly integrate with consumer products and enterprise applications. MetAlert is known for its game-changing and award-winning patented GPS SmartSole® — think Dr. Scholl’s meets LoJack, the world’s first invisible wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism, and traumatic brain injury. MetAlert products utilize the latest in miniaturized, low-power consumption GPS, Cellular, RF, NFC, and BLE technology, enabling subscribers to track in real time the whereabouts of people or high-value assets. MetAlert is also in the protective medical supply business and has developed innovative technology-driven solutions. The company has customers in all 50 States and international distributors servicing customers in over 35 countries. The Company’s customers range from the U.S. Military, Foreign Military, public health authorities and municipalities, emergency, and law enforcement, first responders, private schools, assisted living facilities, NGOs, small business enterprises, senior care homes, and direct-to-consumer.
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