Friday, May 20, 2011 3:54:10 PM
@Stock Notifier
$GTXO Continuing the 2010 trend of 68% increase in revenues with a 23% decrease in net loss Q1 2011 had an 81% increase in revenues with a 30% decrease in net loss!
· Commenced delivery on the Aetrex contract for the GPS Shoe
· Continued International Expansion through Licensing
· Increased Hardware Sales
· Focus on Cost Cutting Measures
GTX Corp revenues during the first quarter of 2011 were 81% higher than the comparable 2010 period and were derived from all three subsidiaries, through multiple channels, both domestic and international, and from both enterprise customers and consumers. In addition to approximately $69,000 in revenues generated from the sale of LOCiMOBILE Apps, $66,000 comparable 2010 period, the Company recognized $38,500 as a result of the Aetrex agreement and $5,000 from the Wuhan Test Agreement. The remainder of the revenue increase was generated from hardware sales, portal software licensing, monthly monitoring subscriptions, advertising, Code Amber annual news feed subscriptions, points of display sponsorships and Alertags.
Net loss for the first quarter of 2011 due to increased sales, a reduction in research and development and overall cost cutting measures
decreased approximately $173,000 or 30% in comparison to the comparable period in 2010.
Then...
GTXO@.05
Market Cap $2.58 Million
Shares Outstanding 51.55 Million
Public Float 42.17 Million
Now
GTXO@.10
Market Cap $5.48 Million
Shares Outstanding 54.78 Million
Public Float 42.17 Million
Join the group, GTX Corp with you.... and with us!
https://www.facebook.com/home.php?sk=group_210780938943995
Yes notice the 3.23 million extra shares too.... but not in the float which is a good thing.
Good to hear from you kinger, I'm just another GTXO investor like you!
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