The Guitammer Company Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported total revenue of $525,427 compared to $729,137 for the same period a year ago. Loss from operations was $221,909 compared to $236,004 for the same period a year ago. Loss before provision for income taxes was $275,737 compared to $293,740 for the same period a year ago. Net loss was $275,737 compared to $293,740 for the same period a year ago. Basic and diluted loss per share was $0.004 compared to $0.005 for the same period a year ago. EBITDA was $218,965 compared to $232,810 for the same period a year ago. The decrease in revenues is primarily attributed to sizeable stocking order from an OEM customer and the first quarter of 2013 did not have a stocking order of that magnitude; the first quarter of 2012 had more backorders that had to be fulfilled than the first quarter of 2013; and the economic slowdown in Europe caused certain restocking orders from established distributors to be delayed. Net cash used in operating activities was $107,216. The company expected to see domestic sales volumes increase throughout the remainder of 2013. The company believed that operations, exclusive of any research and development costs, can become operationally cash flow positive on an ongoing basis for core products business by the end of the fourth quarter of 2013 as it continue securing additional capital.

The Guitammer Company announced that it has secured its eighth theater installation with Sichuan Lumière Cinema Co. Ltd. (Lumière Pavilions) of Beijing, China. This new installation will be a retro-fit upgrade that will add the ButtKicker 4D system to all 330 seats in one auditorium of Lumière's existing eleven auditorium theater complex in Hangzhou City, Zhejiang Province. Following the installation, the total number of Lumière Pavilions seats that feature Guitammer's ButtKicker immersive technology will increase to approximately 1,380 seats in eight different locations, with additional projects planned.

The Guitammer Company Inc. filed its 10-K on Mar 14, 2013 for the period ending Dec 31, 2012. In this report its auditor, Schneider Downs & Co., Inc., gave an unqualified opinion expressing doubt that the company can continue as a going concern.