Last $2.11 USD
Change Today +0.02 / 0.96%
Volume 600.0
BMER On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

boomerang systems inc (BMER) Snapshot

Open
$2.10
Previous Close
$2.09
Day High
$2.11
Day Low
$2.10
52 Week High
03/21/14 - $2.75
52 Week Low
04/14/14 - $1.01
Market Cap
38.5M
Average Volume 10 Days
301.9
EPS TTM
$-1.85
Shares Outstanding
18.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BOOMERANG SYSTEMS INC (BMER)

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boomerang systems inc (BMER) Details

Boomerang Systems, Inc. designs, engineers, manufactures, installs, services, and markets automated parking systems. Its RoboticValet system is an omni-directional and battery-powered robot that carries vehicles parked on self-supporting steel trays to and from storage spaces. The company serves residential apartments and condominiums, office complexes, car dealerships, public garages, hospitals, casinos, hotels, airports, service facilities, and universities in the United States and Canada. Boomerang Systems, Inc. is headquartered in Florham Park, New Jersey.

29 Employees
Last Reported Date: 12/29/14

boomerang systems inc (BMER) Top Compensated Officers

President, Manager of Sales & Marketing and D...
Total Annual Compensation: $150.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $125.0K
Compensation as of Fiscal Year 2014.

boomerang systems inc (BMER) Key Developments

Arbitrator Issues an Interim Arbitration Award to Boomerang Systems, Inc. in Court Complaint Filed by Crescent Heights

In October 2009 Boomerang Systems entered into a Contract with Crescent Heights R&D, LLC to provide a rack and rail-type automated parking system for Crescent Heights. In March 2013, Crescent Heights filed a state court Complaint against Boomerang in the State of Florida alleging Fraud in the Inducement, Equitable Rescission based on Fraud, Mutual Mistake, and Breach of Contract related to the automated parking system, and seeking the remedies of specific performance, rescission of the Contract, and a Declaratory Judgment regarding a limitation of liability clause, as well an unspecified amount of monetary damages in excess of the Contract's purchase price. Boomerang and Crescent Heights agreed to arbitrate the matter in Miami, Florida with the American Arbitration Association. In arbitration, Crescent Heights alleged an initial claim of $10,000,000, and later specified damages in a greater amount of $17,769,755.

Boomerang Systems Appoints James Gelly as Chief Executive Officer and Director and George Gelly as Executive Vice President and Chief Operating Officer

Boomerang Systems has appointed two new members to its senior leadership team. James Gelly has been appointed as Chief Executive Officer and Director, succeeding Mark Patterson, who will retain his current role as Chairman of the Board of Directors. Gelly has over 25 years' experience in global industrial and technology companies. George Gelly has been appointed as Executive Vice President and Chief Operating Officer. George Gelly has over 35 years' leadership experience across a broad spectrum of information technologies, including robotics, software and integration of complex systems.

Boomerang Systems, Inc. Announces Executive Changes

Boomerang Systems, Inc. announced the appointment of two new members to its senior leadership team. James Gelly has been appointed Chief Executive Officer and Director, succeeding Mark Patterson, who will retain his current role as Chairman of the Board of Directors. Gelly has over 25 years' experience in global industrial and technology companies. He previously served as Chief Financial Officer at Constellium, Misys plc, Rockwell Automation, and Ingersoll-Rand. George Gelly has been appointed Executive Vice President and Chief Operating Officer. George Gelly has over 35 years' leadership experience across a broad spectrum of information technologies, including robotics, software and integration of complex systems. He was previously SVP & Chief Product Officer at ID Analytics, a division of LifeLock, Inc.

 

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Price/Sales 4.1x
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TEV/Sales 4.9x
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