MetAlert, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 22, 2023 at 06:13 am
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MetAlert, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 0.085741 million compared to USD 0.067653 million a year ago. Net loss was USD 0.429561 million compared to USD 0.302463 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.06 a year ago.
For the nine months, revenue was USD 0.207272 million compared to USD 0.30057 million a year ago. Net loss was USD 0.887291 million compared to USD 0.723072 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.17 a year ago.
MetAlert, Inc. is engaged in designing, developing, manufacturing, distributing, and selling products and services in Global Positioning System (GPS)/ Bluetooth low energy (BLE) wearable technology, personal location, wandering assistive technology, and health data collection and monitoring. It offers an end-to-end hardware, software, and connectivity solution, in addition to developing two-way tracking technologies, which integrate with consumer products and enterprise applications. Utilizing its hardware, software, connectivity, GPS and BLE monitoring and tracking platform, it provides real-time tracking and monitoring of people. Its flagship product is its patented GPS SmartSole tracking and monitoring solution, which is an invisible wearable technology GPS tracking device created for those at risk of wandering due to Alzheimerâs, dementia, autism, and traumatic brain injury. It operates through its subsidiaries, Global Trek Xploration, Inc. and Level 2 Security Products, Inc.