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Here are 1-3 brief analogies to describe GlucoTrack (GCTK):

• Like Dexcom, but for non-invasive glucose monitoring.
• Imagine an Apple Watch or Fitbit, but specifically for non-invasive blood glucose tracking.

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• GlucoTrack® Device: A non-invasive blood glucose monitoring system designed to help individuals with diabetes track their glucose levels without requiring traditional finger-prick blood samples.

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Based on the company name "GlucoTrack" (symbol: GCTK), which strongly suggests a product or service related to glucose monitoring, it is inferred that the company sells primarily to individuals.

Assuming GlucoTrack offers devices or services for blood glucose measurement and management, its major customer categories include:

1. Individuals with Diagnosed Diabetes (Type 1 and Type 2)

   This is the primary and largest customer segment. These individuals rely on glucose monitoring devices for daily management of their condition, including making informed decisions about insulin dosage, diet, exercise, and overall health to prevent complications and maintain stable blood sugar levels.

2. Individuals with Pre-diabetes or Gestational Diabetes

   This category includes individuals identified as pre-diabetic, who use glucose monitoring to track their blood sugar, implement lifestyle changes, and potentially prevent the progression to Type 2 diabetes. It also encompasses pregnant individuals diagnosed with gestational diabetes, who require careful monitoring to ensure a healthy pregnancy and delivery.

3. Health-Conscious Consumers and Athletes

   A growing segment includes individuals without a diabetes diagnosis who are proactively managing their metabolic health, optimizing nutrition, or enhancing athletic performance. These consumers utilize glucose monitoring devices to gain insights into how their bodies respond to different foods and activities, aiding in personalized diet plans, exercise regimens, and overall well-being.

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Sanmina Corporation (SNAM)

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Paul V. Goode, PhD President and Chief Executive Officer

Paul V. Goode, PhD, was appointed as President and Chief Executive Officer of GlucoTrack in November 2021. He leads the company's efforts in advancing its continuous blood glucose monitor (CBGM) through clinical development and toward commercialization.

Peter C. Wulff Chief Financial Officer, Treasurer and Secretary

Peter C. Wulff was appointed Chief Financial Officer of GlucoTrack on January 28, 2025. He possesses over 35 years of financial management experience in both public and privately held companies within the emerging growth life sciences sector. Mr. Wulff has a strong track record of successfully raising capital through various mechanisms, including public and private equity offerings, debt financing, and strategic business transactions. Prior to joining GlucoTrack, he served as Chief Financial Officer at Biological Dynamics, Inc. He also held the CFO position at JenaValve Technology, Inc., where he was instrumental in the corporate relocation from Germany, oversaw the growth of its U.S. operations, and managed several capital raise transactions. Additionally, Mr. Wulff served as a financial corporate officer for other medical technology companies, including Alphatec Spine Holdings, Artes Medical, CryoCor, and Pure Biosciences.

Mark Tapsak, PhD Chief Scientific Officer

Mark Tapsak, PhD, serves as the head of GlucoTrack's Research & Development program. He is a seasoned medical device research scientist with expertise in polymer synthesis and characterization, medical device design, and intellectual property, and is an inventor credited with over 60 patents. Previously, Dr. Tapsak was President at Diabetic Health, Inc., focusing on specialty coatings for glucose monitoring sensors and insulin infusion sets. He also held senior roles at Dexcom, Inc., where he oversaw sensor performance, biointerface design, and membrane technology.

Vincent Wong Chief Operations Officer

Vincent Wong joined GlucoTrack as Vice President of Quality in March 2024, and is now the Chief Operations Officer. He brings extensive experience in life sciences and medical device manufacturing, with expertise in establishing Quality Management functions, managing FDA inspections, and implementing product and process risk management activities for Class III active implantable devices. Mr. Wong most recently served as Chief Quality Officer at TOMZ Corporation. Before that, he was Director of Quality at Cirtec Medical, where he oversaw corporate Quality functions, managed FDA inspections, and facilitated the integration of multiple acquisitions and new site launches.

Ted Williams Vice President of Regulatory Affairs

Ted Williams was appointed Vice President of Regulatory Affairs for GlucoTrack on January 15, 2025. He has nearly 25 years of experience in Regulatory Affairs and Quality Assurance for complex Class III medical devices, including long-term implantable continuous glucose monitors. Mr. Williams previously served as Vice President, Regulatory Affairs/Quality Assurance for Glysens Inc., a company focused on implantable continuous glucose monitors. His background also includes roles at Therapeutics Inc. and Cardium Therapeutics, working with oral and injectable drugs, biologics, medical devices, and gene therapy.

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The key risks for the public company GlucoTrack (symbol: GCTK) are primarily centered around its developmental stage and the highly regulated medical device market:

1. Regulatory Approval and Clinical Trial Success: GlucoTrack's future hinges on obtaining regulatory approvals, particularly from the U.S. Food and Drug Administration (FDA), for its implantable continuous blood glucose monitor (CBGM). The company's progress is critically dependent on navigating regulatory timelines and achieving successful outcomes in its clinical trials. Delays, adverse trial results, or failure to secure FDA approval could significantly derail its development and commercialization efforts. The investment thesis for GlucoTrack is heavily reliant on this approval.
2. Financial Sustainability and Need for Capital: GlucoTrack is a pre-revenue company that has consistently reported net losses and has a high monthly burn rate. The company's ability to continue operations is dependent on its capacity to raise additional capital through equity offerings, debt financings, or strategic collaborations. There is "substantial doubt about its ability to continue as a going concern."
3. Market Adoption and Intense Competition: Even if GlucoTrack successfully obtains regulatory approval, there is significant risk regarding the market adoption of its "set-it-and-forget-it" solution. The company faces formidable competition from established rivals in the diabetes care market, such as Dexcom and Abbott, which possess extensive resources and market dominance.

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The addressable market for GlucoTrack's (GCTK) main product, a long-term implantable continuous blood glucose monitor (CBGM), is the continuous glucose monitoring (CGM) market. The U.S. CGM market is valued at $8.5 billion.

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GlucoTrack (NASDAQ: GCTK) is a medical technology company primarily focused on the development and commercialization of its novel, fully implantable continuous blood glucose monitoring (CBGM) system. As the company is currently in a pre-revenue stage, its future revenue growth over the next 2-3 years will be driven by several key milestones related to the advancement and market entry of this technology.

Here are 3-5 expected drivers of GlucoTrack's future revenue growth:

1. Regulatory Approval and Commercialization of the Implantable CBGM System: The most significant driver of future revenue growth for GlucoTrack is the successful receipt of regulatory approvals, particularly the Investigational Device Exemption (IDE) from the U.S. Food and Drug Administration (FDA), which is anticipated in Q4 2025. Following approval, the commercial launch and subsequent sales of their differentiated fully implantable CBGM system, designed for multi-year monitoring without a wearable component and with minimal calibration, will be the primary source of revenue.
2. Expansion of Clinical Trials and Generation of Clinical Evidence: The ongoing and planned clinical studies are crucial for validating the technology and supporting its widespread adoption. The company is on track to implant its first patients in a long-term, multicenter feasibility study in Australia in Q2 or Q3 2025. Additionally, a U.S. pilot study is planned for 2026. Successful outcomes from these trials will build a robust body of clinical evidence, which is essential for gaining market acceptance, securing reimbursement, and ultimately driving customer growth.
3. Strategic Partnerships and Market Penetration: GlucoTrack is actively engaging in strategic initiatives to enhance its technology's clinical impact and market position. This includes collaborations, such as participation in the European FORGETDIABETES research initiative focused on an artificial pancreas. Expanding its clinical and patient advisory boards with experts also strengthens its market entry strategy. These partnerships and strategic efforts are aimed at accelerating market penetration and establishing distribution agreements, which will be vital for scaling revenue.
4. Differentiation and Patient Adoption of Innovative Technology: The unique selling propositions of GlucoTrack's CBGM, such as its fully implantable nature, multi-year sensor longevity, real-time blood glucose measurement, and the elimination of daily sensor changes or calibration, are expected to appeal significantly to individuals with Type 1 and insulin-dependent Type 2 diabetes. This differentiated technology is poised to address unmet needs in the diabetes care market, driving patient adoption and increasing the customer base once the product is commercially available.

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Share Repurchases

• On June 30, 2025, GlucoTrack repurchased approximately 49,700 Series A Warrants, representing over 90% of its outstanding Series A Warrants, utilizing existing cash. These warrants originated from a $10 million public offering in November 2024.
• The Series B Warrants were extinguished in exchange for common stock, as detailed in the Form 10-Q for the period ending March 31, 2025.

Share Issuance

• Effective June 16, 2025, GlucoTrack completed a 1-for-60 reverse stock split, reducing its outstanding common stock from 32,541,327 shares to approximately 542,356 shares.
• In February 2025, the company priced a public offering of approximately 2.6 million shares of common stock at $1.15 per share, projected to generate gross proceeds of around $3.0 million.
• Between November 2024 and March 2025, GlucoTrack secured $16.3 million in proceeds through multiple rounds of funding, including an underwritten public offering in April 2023 that generated approximately $10 million in gross proceeds.

Inbound Investments

• A Special Meeting of Shareholders was reconvened on November 7, 2025, to vote on a $20 million Purchase Agreement with Sixth Borough Capital Fund LP, which would permit GlucoTrack to issue more than 20% of its outstanding common stock.
• In September 2025, GlucoTrack entered into an agreement with Sixth Borough Capital for the potential sale of up to $20 million in shares.
• Multiple funding rounds between November 2024 and March 2025 resulted in $16.3 million in secured proceeds.

Capital Expenditures

• Over the last 12 months, capital expenditures were reported as -$42,000.