(NEW YORK)--Ludlow Research issued an alert on GTX Corp (OTCQB: GTXO), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) based on low market valuation.
Key Trader Points
- Total Revenue increased 74% over comparable 2018 period
- IP Revenue increased 215% over comparable 2018 period
- Gross Profit Margins increase from 73% to 89%
- Contracts with US Military
- Market Cap Only $500,000 at $0.008 per share
GTX and its distribution partners, which specialize in wearable tech, IoT and telemedicine solutions are starting to see more GPS SmartSole and overall wearable tracking technology interest coming from law enforcement and other government agencies, which realize that wearable technology is probably the best way to control search costs and offset some of the search efforts to family, friends and neighbors or simply reduce the search time from hours to minutes.
The Company's GPS SmartSole® is a smartphone hidden and sealed in a trim-able shoe insole. It uses GPS and cellular technology, is charged about every day, and requires service plan – all just like your phone. And, just like your phone, it works in areas with cellular coverage. THE KEY ADVANTAGE: GPS SmartSole® is discreet and your loved one won’t forget to bring it with them! GPS SmartSole® is automatically logging its location, tracking your loved one for a fraction of the cost of a “lock down” memory care facility. Safety and independence made affordable – now that is peace of mind!
Ludlow Research commented that with roughly 66 million shares outstanding, and market capitalization well under $1 million, GTXO offers real upside potential for value traders.
Ludlow Research initiated coverage on GTXO based on their GPS tracking technology, growing revenue numbers, and low market cap valuation. To request a copy of this alert, and for future opinion updates on GTXO, please register for free at https://wallstreetnewscast.com/investors/
About GTX Corp
GTX Corp (GTXO) is a pioneer in smart, mobile and wearable GPS tracking and recovery location based products, supported through a proprietary IoT enterprise monitoring platform. GTX offers a global end-to-end solution of hardware, software and connectivity. GTX Corp develops 2 way GPS tracking technologies which seamlessly integrate with consumer products and enterprise applications. GTX Corp utilizes the latest in miniaturized, low power consumption GPS, Cellular, RF and BLE technology enabling subscribers to track in real time the whereabouts of people or high value assets through a complete end to end - customizable transceiver module, wireless connectivity gateway, smart phone Apps, middleware, and IoT portal. Headquartered in Los Angeles, California, GTX is known for its award-winning patented GPS SmartSole® - Think Dr. Scholl’s meets LoJack, the world’s first invisible wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. GTX Corp’s business model is built around technology innovation and holds over 85 patents with many issued patents in the area of GPS tracking. The company has international distributors servicing customers in over 35 countries and is a US Military Government contractor. Other customers include public health authorities and municipalities, emergency and police authorities, private companies, public and private senior care homes, and consumers.
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Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
Small and Micro cap, or ‘penny stocks’, involve a high degree of risk, and we highly encourage investors to consult with a financial adviser before making any and all investment decisions when investing in these type of securities
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