NetworkNewsBreaks – GTX Corp (GTXO) Provides Q3 2018 Financial Summary
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.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer