Last $0.0036 USD
Change Today +0.0005 / 16.13%
Volume 70.0K
SPMI On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

speedemissions inc (SPMI) Snapshot

Open
$0.0032
Previous Close
$0.0031
Day High
$0.0036
Day Low
$0.0032
52 Week High
09/12/13 - $0.09
52 Week Low
07/18/14 - $0.0031
Market Cap
361.9K
Average Volume 10 Days
185.4K
EPS TTM
$-0.02
Shares Outstanding
100.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SPEEDEMISSIONS INC (SPMI)

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speedemissions inc (SPMI) Details

Speedemissions, Inc. provides vehicle emissions testing and safety inspection services in the United States. The company primarily performs accelerated simulated model and on-board diagnostic emissions tests. It also sells automotive parts and supplies, such as windshield wipers, taillight bulbs, and gas caps, as well as provides other services, including oil changes and headlight restorations. As of December 31, 2013, the company operated 43 vehicle emissions testing and safety inspection stations under the Speedemissions and Auto Emissions Express trade names in Atlanta, Georgia, and St. Louis, Missouri; Mr. Sticker name in Houston, Texas; and Just Emissions name in Salt Lake City, Utah. It also operates 4 mobile testing units, which provide services for the automobile fleets of the federal, state, and local governments, as well as various new and used car dealers in Atlanta, Georgia. In addition, the company provides CARbonga, an iPhone application that diagnoses an automobile’s computer system using the on board diagnostic port on vehicles; and receives vehicle safety recalls and technical service bulletins. Speedemissions, Inc. was founded in 2001 and is headquartered in Tyrone, Georgia.

103 Employees
Last Reported Date: 03/28/14
Founded in 2001

speedemissions inc (SPMI) Top Compensated Officers

Founder, Chairman of the Board, Chief Executi...
Total Annual Compensation: $227.1K
Compensation as of Fiscal Year 2012.

speedemissions inc (SPMI) Key Developments

Speedemissions, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2014; Reports Impairment Charges for the Second Quarter Ended June 30, 2014

Speedemissions Inc. announced financial results for the second quarter ended June 30, 2014. For the second quarter of 2014, the company reported an operating loss of $87,864 versus a loss of $211,490 for the same period in 2013. Total revenue declined approximately $170,000 to $1,600,643 compared to $1,770,709 in the second quarter ended June 30, 2013. The decrease in revenue was due to the sale of the Houston stores, plus the closing of one store each in St. Louis in April 2014, and Atlanta in May 2014. After adjusting for non-cash goodwill impairment charge of $365,378, the company realized a 27% decrease in its operating loss over the same period in 2013. The company reported non-cash goodwill impairment charge of $365,378.

Speedemissions to Form Joint Venture Agreement with Harlen Hagdel

Speedemissions to form joint venture agreement with Harlen Hagdel. inspection services for automobiles, vans, sport-utility-vehicles or pick-up trucks, has entered into joint venture agreement with Harlen Hagdel to establish Retail Vehicle Registration LLC (RVR) located in Balsam Lake, Wisconsin, US. The RVR will offer convenience and register services to consumers for motor vehicles, initially, within a limited number of its retail stores. It will also allow Speedemissions retail stores to begin offering customers the ability to renew their vehicles registration without having to visit the Department of Motor Vehicles office.

Speedemissions Inc. Reports Earnings Results for the First Quarter Ended March 31, 2014

Speedemissions Inc. reported earnings results for the first quarter ended March 31, 2014. During the first quarter 2014, the company was able to reduce its net loss by 12.5% to $241,000, as compared to a net loss of $271,000 for the same period in 2013. Total revenue declined approximately $91,000 to $1,797,811 as compared to $1,889,013 for the same period 2013. The revenue drop was due to the closing of four Houston stores in 2013, plus the closing of a store in St. Louis in January 2014.

 

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