Monday, May 20, 2019 10:46:06 AM
Should be some.
From GTX Reports 2018 Financial Summary
Revenue increased 28%, Product Sales increased 49%, Subscribers increased 20%
"We expect to sign at least 4 or 5 IP licenses in the first half of 2019, however, due to the confidential nature of these negotiations and legal proceedings, we are limited in making public announcements and are bound to confidentiality agreements. We will be disclosing whatever information we can in our 10Q’s beginning in Q1 2019."
" As with all new technology, we had to make certain technical adjustments, which unfortunately caused us to pause production in the fourth quarter of 2018. The technical issues have now been resolved and production is back up and running, however, we were not able to ship as much of the new hardware platform and fulfil all of our orders in the 4th quarter. We notified all of our customers and distributors and besides a temporary setback in some product delivery, no business was lost – only delayed – in recognizing Q4 revenue. Notwithstanding, we still managed to finish out the year with a 49% increase in product sales. "
" Our distributors in Sweden, Germany and Denmark are also reporting noticeable progress with local and federal agencies and we expect to see continued increases in SmartSole sales and subscription activations across Europe throughout 2019. Several distributors are reporting 30% to 40% increases in their sales and activations over the past four months."
"Our military business increased 322% over the previous year and throughout 2018, GTX successfully delivered multiple orders to Edwards Air Force base and was under contract to provide additional replacement parts and equipment along with support and maintenance services, which is expected to continue in 2019."
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