Last $0.74 USD
Change Today +0.0099 / 1.36%
Volume 88.5K
GLYE On Other Exchanges
As of 5:20 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

glyeco inc (GLYE) Snapshot

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10/22/13 - $1.40
52 Week Low
06/3/14 - $0.57
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glyeco inc (GLYE) Details

GlyEco, Inc., a green chemistry company, collects and recycles waste glycol into a reusable product and sells it to third party customers in the automotive and industrial end-markets in North America and internationally. Its GlyEco Technology allows to recycle various types of waste glycol into an ASTM E1177 Type I virgin grade recycled ethylene glycol. The company sells its products to various customers, including automotive garages, vehicle fleet operations, antifreeze blenders, the U.S. government, and others. The company was founded in 1996 and is based in Phoenix, Arizona.

31 Employees
Last Reported Date: 04/15/14
Founded in 1996

glyeco inc (GLYE) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $205.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $118.0K
Chief Operating Officer
Total Annual Compensation: $125.0K
Chief Technical Officer
Total Annual Compensation: --
Chief Business Development Officer
Total Annual Compensation: $5.0K
Compensation as of Fiscal Year 2013.

glyeco inc (GLYE) Key Developments

GlyEco Announces Board Resignations

On August 22, 2014, Everett Alexander and Joseph A. Ioia tendered their resignations as directors of GlyEco, Inc., effective immediately. Both Mr. Alexander and Mr. Ioia remain committed to the company and intend to remain shareholders. Mr. Alexander will be assuming a consulting role with the company going forward with a particular focus on developing strategic partnerships internationally, while Mr. Ioia will continue to provide support related to the company's expansion at its New Jersey Processing Center and wherever else his expertise or services may be needed.

GlyEco, Inc. Appoints Dwight Mamanteo as Lead Director

GlyEco, Inc. has appointed portfolio manager and independent Board of Directors member Dwight Mamanteo as its Lead Director, effective immediately. Mamanteo joined the Company's board on January 15, 2014 and is currently Chairman of the Governance and Nominating Committee and a member of the Audit Committee and Compensation Committee. As Lead Director, Mamanteo will work closely with the Company's chairman, John Lorenz, and his responsibilities will include approving board meeting agendas and schedules, calling special meetings or executive sessions of the board, and calling and presiding at executive sessions or meetings of the independent directors. In addition, Mamanteo will serve as a liaison between the Company's independent directors and chairman, working with committee chairs to ensure coordinated coverage of board responsibilities and facilitating communication between the board and senior management. Since 2004, Mamanteo has served as a Portfolio Manager at Wynnefield Capital, Inc.

GlyEco, Inc. Announces Earning Results for the Second Quarter Ended June 30, 2014

GlyEco, Inc. announced earning results for the second quarter ended June 30, 2014. For the quarter, revenue increased 13% to $1.6 million, compared to $1.4 million for the year-ago period. The increase in revenue was due to increased production capabilities at six processing centers and penetration into new markets. The company realized a profit margin of (1%), compared to 20% for the year-ago period. The decrease in gross profit was primarily due to continued operating costs, investment in infrastructure and low production volumes as the NJ Processing Center transitions to producing high volumes of T1(TM) material from multiple types of waste glycols. Net equipment assets increased 43% to $7.9 million (after depreciation) for the quarter ended June 30, 2014, compared to net equipment assets of approximately $5.5 million for the year ended December 31, 2013.


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Price/Sales 6.2x
Price/Book 3.0x
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