LBAS Stock - Location Based Technologies, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2020 | FY2015 |
|---|---|---|---|---|---|
| Revenue | $144,179 | $214,359 | $398,923 | $630,527 | $1.91M |
| Gross Profit | $-51,148 | $-268,014 | $-54,358 | $154,754 | $794,898 |
| Gross Margin | -35.5% | -125.0% | -13.6% | 24.5% | 41.5% |
| Operating Income | $-162,715 | $-694,025 | $-630,200 | $-167,940 | $-1,937,600 |
| Net Income | $-5,870 | $-335,082 | $331,098 | $407,389 | N/A |
| Net Margin | -4.1% | -156.3% | 83.0% | 64.6% | 0.0% |
| EPS | $0.00 | $-0.00 | $0.00 | $0.00 | $-0.01 |
Location Based Technologies, Inc. designs, develops, and sells commercial and consumer wearable global positioning system (GPS) tracking solutions based on worldwide GSM network. It offers consumer products under the PocketFinder brand, including PocketFinder, PocketFinder luggage, PocketFinder Pet, and PocketFinder Vehicle that displays information to users regarding device location, longitude, latitude, altitude, heading or direction, speed, and 60 days of location history; and set alerts that will trigger an email, text, or push notification to notify them when their device exceeds a pre-determined parameter, such as speed, battery life, or entry/exit of a geo-zone. The company's PocketFinder Personal/Pet or luggage devices include small devices that are ideal for tracking or locating any mobile asset, person, pet, or valuable item; and PocketFinder Vehicle tracker is to be hardwired to any powered asset, such as vehicle, watercraft, or mobile generator to locate and track a mobile assets. It also provides commercial products under the LBT brand, including LBT-886 and LBT Vehicle Tracker. The company's LBT-886 comprises location device that enables a user to locate and track any person or mobile asset; and LBT Vehicle Tracker provides tracking features with capabilities, such as temperature, light and humidity monitoring, engine on/off monitoring, and starter interrupt engine capability or lone worker emergency alerts. It markets and sells its commercial products to small/midsize businesses, enterprise businesses, and governmental organizations that need to track vehicles, mobile equipment, portable assets, and workers through online retailers, as well as through its pocketfinder.com Website. The company is based in Irvine, California.
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