MetAlert Inc. is a leading provider of innovative location-sensitive remote patient health monitoring devices and wearable technology aimed at enhancing the quality of life for individuals with cognitive impairments.

# Company Overview: MetAlert Inc.

### Business Description
MetAlert Inc. (OTC Pinks: MLRT) is a pioneering company in the field of location-sensitive remote patient health monitoring devices and wearable technology products. The company is focused primarily on designing, developing, manufacturing, distributing, and selling products related to GPS/Bluetooth Low Energy (BLE) wearable technology, personal location services, and health data collection and monitoring.

### Key Products and Services
- **GPS SmartSole®**: A patented GPS tracking device embedded in comfortable orthotic insoles designed specifically for individuals prone to wandering due to cognitive disorders such as Alzheimer's, Dementia, and Autism.
- **MyGunAlert**: A firearm safety technology solution to monitor and recover firearms through alerts about unauthorized movements.
- **Take Along Tracker 4G**: A miniature tracking device that provides GPS capabilities, data, and voice functionality.
- **My Workforce App**: A mobile application to monitor field employees such as drivers and sales representatives.
- **Level 2 Security Products**: This subsidiary focuses on monitoring high-value non-human assets (firearms, vehicles, etc.) and includes the sale of related technology and services.

### Market and Competition
- MetAlert offers unique solutions tailored for consumers with cognitive impairments that cannot effectively use mainstream technologies like smartphones or fitness trackers.
- The company holds an extensive patent portfolio, comprising over **25 patents**, offering a competitive edge in the market.

### Financial Performance (Fiscal Year Ended December 31, 2024)
- **Total Revenue**: $181,476
  - **Product Sales**: $78,140 (43% of total revenue)
  - **Subscription and Other Revenue**: $103,336 (57% of total revenue)
- **Cost of Goods Sold**: $64,918
- **Gross Margin**: $116,558 (64% of total revenue)
- **Operating Expenses**: $674,020
- **Net Loss**: $828,265 (loss reduced from $1,190,158 in the previous year)

### Customer Base
- MetAlert serves **thousands of consumers**, **hundreds of businesses**, and **dozens of local, state, and federal government agencies**.
- The customer distribution consists of **approximately 61% Business-to-Business (B2B)** and **39% Business-to-Consumer (B2C)** sales.

### Employee Count
- As of December 31, 2024, MetAlert had **nine employees** and additional **three consultants** and **two commission-based sales personnel**.

### Future Growth Strategy
- MetAlert aims to increase its subscriber base and revenue streams through product innovations, major marketing campaigns, and strategic partnerships.
- Plans include expanding the gun safety product line and entering new geographical markets.

### Conclusion
MetAlert Inc. is strategically positioned in the growth sectors of wearable technology and health monitoring services, with significant room for development in subscription-based revenue and innovative product offerings aimed at enhancing quality of life for individuals with cognitive disorders and ensuring the safety of high-value assets.

MetAlert, Inc. specializes in GPS/BLE wearable technology for remote patient health monitoring, focusing on individuals with cognitive disorders and providing various tracking solutions.

# MetAlert, Inc. Overview

## Company Description
MetAlert, Inc. (OTC Pinks: MLRT) is a pioneering company specialized in location-sensitive remote patient health monitoring devices and wearable technology. Headquartered in Los Angeles, California, with an international sales office in London, MetAlert, through its subsidiaries—Global Trek Xploration, Inc. and Level 2 Security Products, Inc.—engages in the design, development, manufacturing, distribution, and sale of GPS/BLE wearable technology products and services.

### Subsidiaries
- **Global Trek Xploration, Inc.**: Focuses on wearable technology that monitors and tracks individuals in real-time.
- **Level 2 Security Products, Inc.**: Acquired in 2023, this subsidiary specializes in non-human asset monitoring and recovery, including firearms and other high-value items.

## Product Offerings
- **GPS SmartSole®**: An award-winning, patented insoles equipped with GPS and cellular tracking technology designed for individuals at risk of wandering due to conditions such as Alzheimer’s, dementia, and autism. Reimbursable through Medicaid and various insurance providers.
- **MyGunAlert**: A GPS-enabled gunlock safety solution that provides alerts for unauthorized movements of firearms.
- **Take Along Tracker 4G**: A stand-alone tracking device with GPS and GSM capabilities.
- **Track My Workforce**: A mobile app designed for employers to monitor mobile employees.
- **Protective Medical Devices and Supplies**: Includes PPE such as masks, sanitizers, and rapid test kits.

### Market Reach
- Serves **over 34 million people** in developed countries affected by cognitive disorders (Alzheimer's, Dementia, Autism).
- International presence with **distributors in over 35 countries**.
- Approved U.S. military government contractor, servicing public health authorities, municipalities, and law enforcement agencies.

## Financials
- **Employees**: As of December 31, 2023, the company has **eight full-time and part-time employees**, supplemented by three consultants and two commission-based sales personnel.
- **Revenue**: The company reported a loss of **$1,190,158** for the year ended December 31, 2023.
- **Accumulated Deficit**: As of December 31, 2023, the accumulated deficit stands at **$28,746,629**.
- **Working Capital Deficit**: A working capital deficit reported at **$4,049,387** as of the same date.

## Customer Base
- The company provides solutions to thousands of **consumers**, hundreds of **businesses**, and various local, state, and federal **government agencies**.
- Notable customers include public health authorities, municipalities, private schools, assisted living facilities, and law enforcement agencies.

## Market Strategy
- Focuses on expanding the subscriber base through recurring subscription services for its tracking devices and solutions.
- Engaging in intellectual property (IP) licensing with a portfolio of **over 25 patents**, aiming for continuous innovation and product advancement.

## Industry Context
- The company operates within the rapidly growing **wearable technology** and **location-based services** markets, which are projected to grow significantly in the coming years.
- The growing aging population and demand for safety solutions for individuals with cognitive impairments present robust opportunities for growth.

### Conclusion
MetAlert, Inc. is strategically positioned in the wearable tech industry, focusing on tracking solutions that cater primarily to vulnerable populations. Despite its current financial challenges, the company's diverse product offerings and wide customer base support its potential for future revenue growth and market expansion.

Metalert, Inc.

10-K / April 16, 2025

10-K / May 24, 2024

10-K / April 16, 2025

Company Overview: MetAlert Inc.

Business Description

Key Products and Services

Market and Competition

Financial Performance (Fiscal Year Ended December 31, 2024)

Customer Base

Employee Count

Future Growth Strategy

Conclusion