Metalert Inc (PK:MLRT)
Business Focus: Portable Satellite Navigation
| Sector: Technology | Industry: Phones & Handheld Devices |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 117 W. 9th Street, # 1214 LOS ANGELES CA 90015-1524 |
| Tel: | 1-213-4893019 |
| Website: | https://gtxcorp.com |
| IR: | See website |
| Key People | ||
| Patrick E. Bertagna Chairman of the Board, President, Chief Executive Officer | Alex Grimes McKean Chief Financial Officer | Louis Martin Rosenbaum Vice President - Operations and Finance, Director | Andrew Hamish Duncan Director, Secretary, President of Business Development |
| Business Overview |
| Metalert, Inc. is engaged in designing, developing, manufacturing, distributing, selling and licensing products, services and intellectual property in the global positioning system (GPS)/ bluetooth low energy (BLE) wearable technology, personal location, wandering assistive technology, and health data collection and monitoring. The Company offers an end-to-end solution of hardware, software, and connectivity, and develops tracking technologies, which integrate with consumer products and enterprise applications. It utilizes GPS, Cellular, RF, NFC and BLE technology, enabling caregivers to track and monitor patients in real time. The Company's GPS SmartSole is a wearable technology tracking device created for those at risk of wandering due to Alzheimer's, dementia, autism, and traumatic brain injury. It serves various customers, including the United States military, foreign military, public health authorities and municipalities, first responders, and private schools, among others. |
| Financial Overview |
| For the nine months ended 30 September 2023, Metalert Inc revenues decreased 31% to $207K. Net loss increased 23% to $887K. Revenues reflect Product sales segment decrease of 25% to $150K, Service income segment decrease of 42% to $58K. Higher net loss reflects Interest expense and financing costs increase from $82K to $255K (expense), Grant from Care loans decrease from $68K (income) to $0K. |
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