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Last $0.0040 USD
Change Today +0.0002 / 5.26%
Volume 1.2M
REVO On Other Exchanges
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

revolutionary concepts inc (REVO) Snapshot

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Day High
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52 Week High
04/20/15 - $0.01
52 Week Low
04/2/15 - $0.0008
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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revolutionary concepts inc (REVO) Details

Revolutionary Concepts, Inc., a development stage company, develops and licenses smart camera technologies that interface with smart devices enabling remote monitoring, and new childrens car seat technologies. It intends to commercialize EyeTalk Communicator, a smart camera security technology that provides protection and monitoring of homes and businesses against multiple threats, including robbery, fire, theft, burglary, and other intrusions through mobile phones, wireless video, and remote smart camera security technology. The company intends to market EyeTalk Communicator directly to distributors and end users, such as hospitals, banks, and government agencies concerned with homeland security. It also offers funding solutions, and investment and capital services to small-cap and micro-cap companies, as well as consultation services to businesses. Revolutionary Concepts, Inc. was founded in 2004 and is based in Charlotte, North Carolina.

revolutionary concepts inc (REVO) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $200.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: --
Senior Vice President of Corporate Finance & ...
Total Annual Compensation: $200.0K
Vice President and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

revolutionary concepts inc (REVO) Key Developments

Revolutionary Concepts, Inc. announced delayed annual 10-K filing

On 04/01/2015, Revolutionary Concepts, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Revolutionary Concepts, Inc. announced delayed 10-Q filing

On 11/17/2014, Revolutionary Concepts, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Revolutionary Concepts Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Revolutionary Concepts Inc. announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s net loss decreased by a total of 29.07% to $195,630, from $275,796, for the three months ended June 30, 2013. The decrease for the three month ended is primarily attributable to less compensation expense and related expenses for Greenwood Finance Group personnel. For the six months, the company’s net income of $578,476, compared to a net loss of $519,535 for the same period ended June 30, 2013. This represents a total increase of $1,098,011, or 211.34% for the period ended June 30, 2014, as compared to the same period ended June 30, 2013. This gain is primarily attributable to decreases in loss on derivatives, interest expenses, and the consideration received by the company as part of the global licensing agreement the company entered into, and was also offset by increases in operating expenses. Net cash used in operating activities was $103,443 for the six months ended June 30, 2014, primarily attributable to forgiveness of Notes payables, accrued interest, increase in dividend accumulated adjustment, offset by $578,476 of net income and increase in accrued expense and other liability. Net cash used in operating activities was $181,556 for the six months ended June 30, 2013, primarily attributable to $519,535 of net loss and increase in dividend accumulated adjustment, offset by increase in accrued expenses and other liabilities.


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