MetAlert Inc (MLRT)

[aries4747]

Revenues as a whole in Q3 2019 increased by 74% or $144,552 in comparison to Q3 2018, primarily because of the increase in sales related to IP license fee income. Services income increased 102%, which included an increase in professional fees.Product revenues increased in Q3 2019 by 50% or $66,070 over Q3 2018 primarily due to the revenue we received from our military sales. IP licensing income from Inventergy in Q3 2019 continued with 5 licensing and settlement agreement executed.

The Company’s goal is to generate recurring subscription revenues from the use of all of our tracking products.

We had a 37% increase in international subscribers and an 11% increase in total subscribers for Q3 2019 compared to Q3 2018.