OTCPK:GTXO

Stock Analysis Report

Executive Summary

GTX Corp, through its subsidiaries, designs, develops, manufactures, and sells various products and services in the personal location services marketplace in the United States and internationally.

Risk Analysis

Earnings have declined by -1.27% per year over past 5 years

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap ($771K)

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 2 more risks


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has GTX's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GTXO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.3%

GTXO

3.0%

US Consumer Durables

1.2%

US Market


1 Year Return

19.0%

GTXO

37.5%

US Consumer Durables

24.2%

US Market

Return vs Industry: GTXO underperformed the US Consumer Durables industry which returned 36.1% over the past year.

Return vs Market: GTXO underperformed the US Market which returned 24.4% over the past year.


Shareholder returns

GTXOIndustryMarket
7 Day6.3%3.0%1.2%
30 Day98.3%4.5%3.5%
90 Day98.1%5.0%11.7%
1 Year19.0%19.0%39.5%37.5%26.9%24.2%
3 Year-97.4%-97.4%33.9%27.8%53.0%43.2%
5 Year-98.9%-98.9%40.7%31.1%75.3%56.0%

Price Volatility Vs. Market

How volatile is GTX's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is GTX undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether GTX is trading at an attractive price based on the cash flow it is expected to produce in the future. But as GTX has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of GTXO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through GTX regulatory filings here.
  • Explore potentially undervalued companies in the Consumer Durables industry.

Future Growth

How is GTX forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.6%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GTX has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of GTXO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access GTX's filings and announcements here.
  • Explore growth companies in the Consumer Durables industry.

Past Performance

How has GTX performed over the past 5 years?

-1.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GTXO is currently unprofitable.

Growing Profit Margin: GTXO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GTXO is unprofitable, and losses have increased over the past 5 years at a rate of -1.3% per year.

Accelerating Growth: Unable to compare GTXO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GTXO is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-1.5%).


Return on Equity

High ROE: GTXO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is GTX's financial position?


Financial Position Analysis

Short Term Liabilities: GTXO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GTXO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: GTXO has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: GTXO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: GTXO has a low level of unsold assets or inventory.

Debt Coverage by Assets: GTXO has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GTXO has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: GTXO has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 27.6% each year.


Next Steps

Dividend

What is GTX's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate GTXO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GTXO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GTXO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GTXO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GTXO's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of GTX's salary, the management and board of directors tenure and is there insider trading?

11.2yrs

Average board tenure


CEO

Patrick Bertagna (56yo)

11.8yrs

Tenure

US$175,000

Compensation

Mr. Patrick E. Bertagna Co-founded GTX Corp in 2002 and has been its Chairman, President and Chief Executive Officer since March 14, 2008. Mr. Bertagna founded Barcode World Inc. He transitioned into techn ...


CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD175.00K) is below average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Patrick's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

11.2yrs

Average Tenure

69yo

Average Age

Experienced Board: GTXO's board of directors are seasoned and experienced ( 11.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 497.4%.


Management Team

  • Andrew Duncan (54yo)

    President of Business Development

    • Tenure: 9.8yrs
    • Compensation: US$10.00k
  • Patrick Bertagna (56yo)

    Co-Founder

    • Tenure: 11.8yrs
    • Compensation: US$175.00k
  • Louis Rosenbaum (69yo)

    Co-Founder

    • Tenure: 11.8yrs
    • Compensation: US$10.00k
  • Alex McKean (55yo)

    Chief Financial Officer

    • Tenure: 8.3yrs
    • Compensation: US$96.00k

Board Members

  • Gil Amelio (76yo)

    • Tenure: 10.8yrs
  • George Lauro (60yo)

    • Tenure: 11.5yrs
  • Frank O'Connell (75yo)

    • Andrew Duncan (54yo)

      President of Business Development

      • Tenure: 9.8yrs
      • Compensation: US$10.00k
    • Patrick Bertagna (56yo)

      Co-Founder

      • Tenure: 11.8yrs
      • Compensation: US$175.00k
    • Louis Rosenbaum (69yo)

      Co-Founder

      • Tenure: 11.8yrs
      • Compensation: US$10.00k
    • Chris Walsh (69yo)

      Director

      • Tenure: 4.5yrs
      • Compensation: US$10.00k
    • Jack Brewer

      • Larry Henneman

        • Theresa Gordon

          Company Information

          GTX Corp's company bio, employee growth, exchange listings and data sources


          Key Information

          • Name: GTX Corp
          • Ticker: GTXO
          • Exchange: OTCPK
          • Founded: 2002
          • Industry: Consumer Electronics
          • Sector: Consumer Durables
          • Market Cap: US$850.257k
          • Shares outstanding: 71.45m
          • Website: https://gtxcorp.com

          Number of Employees


          Location

          • GTX Corp
          • 117 West 9th Street
          • Suite 1214
          • Los Angeles
          • California
          • 90015
          • United States

          Listings

          TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
          GTXOOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 2007

          Biography

          GTX Corp, through its subsidiaries, designs, develops, manufactures, and sells various products and services in the personal location services marketplace in the United States and internationally. The company offers global positioning system (GPS), low energy blue tooth (BLE), and cellular location platform that enables subscribers to track in real time the whereabouts of people, pets, or high valued assets through a miniaturized transceiver module, wireless connectivity gateway, middleware, and viewing portal. It also develops and owns LOCiMOBILE, a suite of mobile tracking applications that turn smartphones and tablets, such as iPhone, iPad, Google Android, and other GPS enabled handsets into a tracking and location based real-time tracking device, which can be viewed through its tracking portal or on any connected device with Internet access. In addition, the company offers Track My Work Force, which allows employers to track and monitor employees, drivers, sales representatives, and others using their smartphone, tablet, or any wireless devices; and other applications. The company has a collaboration agreement with Veristride, Inc.; George Mason University’s College of Health and Human Services; and Flint Rehab. GTX Corp was founded in 2002 and is headquartered in Los Angeles, California. 


          Company Analysis and Financial Data Status

          All financial data provided by Standard & Poor's Capital IQ.
          DataLast Updated (UTC time)
          Company Analysis2020/01/21 00:26
          End of Day Share Price2020/01/17 00:00
          Earnings2019/09/30
          Annual Earnings2018/12/31


          Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.