Last $0.22 USD
Change Today +0.005 / 2.33%
Volume 52.9K
CTTC On Other Exchanges
Symbol
Exchange
OTC US
As of 12:23 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

competitive technologies inc (CTTC) Snapshot

Open
$0.21
Previous Close
$0.22
Day High
$0.22
Day Low
$0.21
52 Week High
04/9/14 - $0.55
52 Week Low
09/29/14 - $0.08
Market Cap
5.4M
Average Volume 10 Days
131.4K
EPS TTM
$-0.13
Shares Outstanding
24.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for COMPETITIVE TECHNOLOGIES INC (CTTC)

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competitive technologies inc (CTTC) Details

Calmare Therapeutics Incorporated, together with its subsidiary, Vector Vision, Inc., provides patent and technology licensing and commercialization services worldwide. It identifies and commercializes technologies in life sciences, including medical testing, diagnostics, pharmaceuticals, biotechnologies, medical devices, and other medical or biological applications; physical sciences comprising chemical, display, and environmental applications; electronics consisting of communications, semiconductors, Internet related, e-commerce, and consumer electronics applications; and nanotechnologies, including the manipulation of microscopic particles into useful arrangements, and smart or novel materials. The company markets technologies and products through contacts in research and development, legal firms, corporations, seminars, and trade shows. It serves product inventors, manufacturers, and distributors. The company was formerly known as Competitive Technologies, Inc. and changed its name to Calmare Therapeutics Incorporated in August 2014. Calmare Therapeutics Incorporated was founded in 1968 and is based in Fairfield, Connecticut.

5 Employees
Last Reported Date: 04/30/14
Founded in 1968

competitive technologies inc (CTTC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $70.2K
Compensation as of Fiscal Year 2013.

competitive technologies inc (CTTC) Key Developments

Competitive Technologies Inc. has Changed its Name to Calmare Therapeutics Incorporated

On August 14, 2014, Competitive Technologies Inc. changed its name to Calmare Therapeutics Incorporated.

Competitive Technologies Inc. Announces Earnings Results for Second Quarter and Six Months Ended June 30, 2014

Competitive Technologies Inc. announced earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported net loss of $349,401, adjusted EBITDA of $4,989,616 compared to the net loss of $2,563,923, adjusted EBITDA of $1,565,004 for the same quarter a year ago. For the quarter, the company generated total revenues of $11.9 million compared to $9.3 million for the second quarter 2013, an increase of 29%. Revenue increased due to a 40% increase in gross timber sales revenue, slightly offset by a decrease in timberland sales revenue of $0.3 million. Adjusted EBITDA improved primarily due to a $2.5 million increase in net timber sales and a $1.4 million decrease in general and administrative expenses, partially offset by a $0.2 million decrease in net revenue from timberland sales and a $0.2 million increase in forestry management expenses. For the year to date, the company reported net loss of $737,461, adjusted EBITDA of $6,931,952 compared to the net loss of $4,550,657, adjusted EBITDA of $2,808,337 for the same period a year ago. For the six months ended June 30, 2014, revenues increased to $20.8 million from $16.6 million for the six months ended June 30, 2013 primarily due to an increase in timber sales revenue of $4.9 million, offset by a decrease in timberland sales revenue of $0.8 million. Net loss decreased to approximately $0.7 million for the six months ended June 30, 2014 from approximately $4.6 million for the six months ended June 30, 2013 as a result of a $3.2 million increase in operating income and a $0.6 million decrease in the interest expense. For the six months ended June 30, 2014, Adjusted EBITDA was approximately $6.9 million, an approximately $4.1 million increase from the six months ended June 30, 2013, primarily due to a $3.9 million increase in net timber sales and a $1.0 million decrease in general and administrative expenses, offset by a $0.7 million decrease in net revenue from timberland sales and a $0.3 million increase in forestry management expenses.

Competitive Technologies, Inc Appoints William Lipford as Division Head of Product Sales

Competitive Technologies Inc. announced William Lipford, the current Midwest Regional Sales Manager for CTI, U.S. division head of product sales. In his new role, he will be responsible to direct all U.S. sales of CTI's product, the Calmare(R) Pain Therapy device, and oversee the expansion of CTI's independent, distributor sales force across the United States. This promotion replaces the consultant, sales management role of Joel Bradus, who has chosen to pursue other endeavors.

 

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