Last $0.11 USD
Change Today 0.00 / 0.00%
Volume 8.5K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

xcelmobility inc (XCLL) Snapshot

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11/19/13 - $0.18
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xcelmobility inc (XCLL) Details

XcelMobility, Inc. develops mobile applications for mobile devices that utilize cellular networks to connect to the Internet and hardware/software products to increase the speed of virtual private networks. The company sells a wearable computing device, CCWatch, which is a smartwatch. It markets its security systems and wearable computing devices to the private and public security forces market in China. The company’s customers include government agencies and private companies in the security field. XcelMobility, Inc. is based in Redwood City, California.

98 Employees
Last Reported Date: 03/31/14

xcelmobility inc (XCLL) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $60.0K
Executive Chairman
Total Annual Compensation: --
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $36.0K
Compensation as of Fiscal Year 2012.

xcelmobility inc (XCLL) Key Developments

XcelMobility, Inc. Launches Companion Solution

XcelMobility Inc. announced its Companion Solution, the first 'always on' cloud-connected smartwatch system with software applications specifically focused on monitoring loved ones and private/public security forces. The Companion Solution expands the market opportunity for Xcel's revolutionary smartwatch by incorporating a complete cloud-connected system enabling the smartwatch to always be connected to Xcel's national cloud computer network offering 24/7 services to the user. The innovative Companion application software targets two large and lucrative markets that Xcel has consistently been working to meet the needs of: Children and Elderly: The Companion Solution will offer real-time monitoring of children and the elderly by combining Xcel's national cloud network, innovative smartwatch and advanced location based technologies into the advanced two-way, real-time/all-the-time monitoring system. This solution offers peace of mind because one can always be alerted whenever a love one needs assistance simply by wearing the smartwatch; and Private and Public Security Force: The Companion Solution enables essential monitoring and communications for the extensive security workforce population, both private and public. It is a ‘Dick Tracey’ smartwatch application allowing for direct two-way communications with remote security forces anywhere and anytime. The CCwatch(TM), initially recognized for being China's first smartwatch with a Mandarin language voice command system, is the core technology of the Companion Solution. As an Android-based smartwatch, the CCwatch(TM) has all the features of a high-end Android smartphone, including 2G/3G data connectivity, a 1.3GHz dual core processor, 1.54" TFT display, Bluetooth, Wi-Fi, and NFC connectivity, Audio Speaker &Microphone, and a 5Mpixel camera. As an integral part of the Companion Solution, the CCWatch(TM) is standalone wearable computer allowing the user to stay connected at all times.

XcelMobility Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2013; Provides Revenue Guidance for the Fiscal 2013 and 2014

XcelMobility Inc. reported earnings results for the third quarter ended September 30, 2013. For the quarter, the company announced record revenue of $1,229,908. The company reported a net loss of $474,932 as it had numerous one-time expenses in preparation for the launch of the smartwatch. For 2013, the company expects to see over a fivefold increase in year over year revenue for the 2013 year end due to growing location enabled security systems sales and the fourth quarter launch of the smartwatch, making 2013 a landmark year for the company's growth. The company also expects continued revenue growth in 2014 propelled by growing sales of the company's new smartwatch and related application software and cloud connected subscription revenues.

Xcel Mulls Acquisitions

XcelMobility Inc. (OTCPK:XCLL) is continuing to evaluate acquisition opportunities that have the potential to significantly add capabilities, new market opportunities, and build revenue in the wearable computing market.


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Price/Sales 2.8x
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