GTX Corp (GTXO) Posts Q3 Profit on Face Mask and PPE Sales

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(NEW YORK)–GTX Corp (OTC: GTXO), , a pioneer in the fields of: health & safety, wearable GPS human and asset tracking systems and personal protective medical equipment and supplies, reported profit for 3rd straight quarter on sales of face masks and PPE.

GTX Corp posts another solid quarter of growing revenues, decreasing debt, and profit to its bottom line on its sales of face masks and protective medical gear.

Third Quarter Financial Highlights

– Showed Net Profit
– Overall Revenue increased 7% over 2019 comparable period
– Product Sales increased 54% over 2019 comparable period
– Cash on Hand increased 198% over 2019 comparable period
– Net Loss decreased 101% from 2019 comparable period
– Current Debt & Liabilities reduced by $595K over 2019 comparable period
– Did not take on any new debt

As cases of COVIS-19 continue to surge in the US the outlook for GTXO into early 2021 remains strong.

Wildly Undervalued

What stands out most if not GTXO solid earnings and financial performance, but their extremely low valuation for a profitable COVID-19 medical supply company, in a growing outbreak.

GTXO currently has around 133 million shares outstanding, which equates to a market cap of only $1 million. Add in almost no increase in shares from prior quarter GTXO has some real upside potential at just under $0.01 per share.

Comparison

To get an idea of value potential just take a look at OPTEC International (OTC: OPTI), a developer and manufacturer of electronic LED, Ultraviolet (UV) & UV-C safety products and related advanced technologies and PPE (Personal Protection Equipment) products.

Revenues Prior Quarter

OPTI – $1,011,000
GTXO – $362,000

Profitable

OPTI – No
GTXO – Yes

Market Cap

OPTI – $88 million ($0.05)
GTXO – $1 million ($0.008)

When you compare GTXO with OPTI you can see this company is undervalued when compared to its peers.

Antibody Home Test Kits

If that wasn’t enough, GTXO is now launching antibody home test kits for COVID-19. As cases surge in the US demand for antibody tests may become a hot product as many small businesses look to reopen in early 2021.

Sure, this isn’t some large NYSE listed company, but finding a profitable OTC stocks trading at such a low price and market cap is almost unheard in penny world.

GTX Corp is trading on the OTC under ticker symbol “GTXO”

About GTX Corp

GTX Corp (OTC: GTXO) is a pioneer in smart, mobile and wearable GPS tracking and recovery location-based solutions, supported through a proprietary IoT enterprise monitoring platform and intellectual property portfolio. GTX offers a global end-to-end solution of hardware, software and connectivity and develops two-way GPS tracking technologies, which seamlessly integrate with consumer products and enterprise applications. GTX utilizes the latest in miniaturized, low power consumption GPS, Cellular, RF, NFC and BLE technology, enabling subscribers to track in real time the whereabouts of people or high value assets. GTX is known for its game-changing and 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’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 U.S. Military Government contractor. Other customers include public health authorities and municipalities, emergency and law enforcement, private schools, assisted living facilities, NGOs, small business enterprises, senior care homes, and consumers.www.GTXCorp.com

 

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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.
Forward-Looking Statements This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

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