NetworkNewsBreaks – GTX Corp (GTXO) Provides Q3
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GPS technology-focused holding company GTX Corp (OTC: GTXO) this morning announced financial highlights for the third quarter ended September 30, 2018. According to the update, over the 2017 comparable period: third quarter financial highlights reflected an overall revenue increase of 12 percent and product sales increased 43 percent; nine month financial highlights reflected an overall revenue increase of 31 percent and product sales increase of 73 percent. “As highlighted above, we had incremental improvements with single or double-digit increases or decreases in the major metrics we measure – revenues were up, subscribers were up, margins were up, while our cost of operations, cash used in operations, professional services, G&A and net losses decreased,” GTX Corp CEO Patrick Bertagna stated in the news release.
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