guitammer co/the (GTMM) Key Developments
The Guitammer Company Secures Purchase Orders for its Buttkicker Brand Low Frequency Transducers for Two New Cinemas
Aug 4 15
The Guitammer Company announced that it has secured purchase orders for its ButtKicker brand low frequency transducers for two new cinemas; one from AMC Theatres and one from Regal Entertainment Group. Each cinema is approximately 240 seats in size. The new Dolby Cinema(TM) at AMC Prime(TM) at NewPark 12 in Newark, CA (Bay Area) will be the 11th Prime location. Each and every seat in all Prime theaters is ButtKicker enabled allowing movie goers to ‘feel every wow.’ Regal's ‘Regal Premium Experience’ [RPX] at Fox Run Stadium 15 &RPX in Newington (Portsmouth) NH is being upgraded with new recliners that feature ButtKicker transducers giving moviegoers the ultimate sight, sound and impact possible in every seat. This is the second RPX to be ButtKicker enhanced. These new installations will increase the total number of ButtKicker enabled cinema seats to over 4,400 seats in 22 locations across the US. For the year, including these two new theaters, Guitammer's cinema worldwide presence has expanded by seven theaters and over 1,500 seats.
The Guitammer Company and Lumiere Cinema Co. Ltd. Extend 4D Cinema Partnership
Jul 15 15
The Guitammer Company and Sichuan Lumiere Cinema Co. Ltd. announced that they are expanding their partnership with the addition of three new Lumiere Digital cinemas in Shenyang, Wuhan and Yancheng. All three are slated to open in the late summer or early fall of the year 2015.
the Guitammer Company Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 14 15
The Guitammer Company Inc. reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $530,348 compared to $311,052 a year ago. Loss from operations was $269,600 compared to $302,738 a year ago. Loss before provision for income taxes was $369,878 compared to $354,937 a year ago. Net loss attributable to common stockholders was $369,878 or $0.004 per basic and diluted share compared to $354,937 or $0.005 per basic and diluted share a year ago. EBITDA was $260,569 against $289,975 a year ago. Adjusted EBITDA was $174,996 against $236,907 a year ago.
The Guitammer Company Inc. Auditor Raises 'Going Concern' Doubt
Mar 13 15
The Guitammer Company Inc. filed its 10-K on Mar 13, 2015 for the period ending Dec 31, 2014. In this report its auditor, Schneider Downs & Co., Inc., gave an unqualified opinion expressing doubt that the company can continue as a going concern.
The Guitammer Company Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
Mar 13 15
The Guitammer Company Inc. reported consolidated earnings results for the year ended December 31, 2014 and revenue results for the fourth quarter ended December 31, 2014. Revenue was $1,051,019 for the year ending December 31, 2014, compared to revenue of $1,917,300 for the year ended December 31, 2013 a decreased $866,281 or 45.2%. The Company’s revenues decreased primarily due to its decision to allocate a relatively greater amount of its financial and human resources from the deliveries of its consumer products to the development of its patented broadcast technology. Loss from operations was $1,156,992 against $1,113,155 a year ago. Loss before provision of income taxes was $1,378,101 against $1,306,863 a year ago. Net loss attributable to common stockholders was $1,378,101 or $0.02 per basic and diluted share against $1,306,863 or $0.02 per basic and diluted share a year ago. LBITDA was $1,110,638 against $1,081,464 a year ago. Adjusted LBITDA was $926,635 against $763,679 a year ago.
Revenue increased to $417,230 for the three months ending December 31, 2014, compared to revenue of $138,890 for the three months ending September 30, 2014, an increase of approximately 200%.