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As of 8:10 PM 08/24/15 All times are local (Market data is delayed by at least 15 minutes).

roomlinx inc (RMLX) Snapshot

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04/15/15 - $4.25
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roomlinx inc (RMLX) Details

RoomLinX, Inc. provides a suite of in-room media and entertainment products and services for hotels, resorts, and time share properties in United States, Canada, and internationally. It operates in two segments, Hospitality and Residential. The Hospitality segment provides installation and support and service of Internet access network; proprietary Interactive TV platform that provides guests with access to content, work, and the Internet through the in-room flat panel LCD; free to guest programming services; and on-demand movie programming, as well as advertising and e-commerce products. The Residential segment offers installation and support and service of telephone, Internet, and television for multi-dwelling unit and business customers. The company also installs and provides hotel satellite television programming services; wired networking solutions and wireless fidelity networking solutions; residential and business customers telecommunication services, including telephone and satellite television; and Voice over Internet Protocol services. In addition, RoomLinX, Inc. offers maintenance and value added services for the networks. The company is headquartered in Broomfield, Colorado.

roomlinx inc (RMLX) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $275.0K
Chief Operating Officer and Director
Total Annual Compensation: $250.0K
Chief Executive Officer of Signalshare Infras...
Total Annual Compensation: $200.0K
Executive Vice President of Sales & Marketing
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2014.

roomlinx inc (RMLX) Key Developments

Roomlinx, Inc. Enters Amendment to Revolving Credit Agreement

Roomlinx, Inc. entered into the first amendment to amended and restated revolving credit agreement, dated as of June 30, 2015, by and among the company, SignalShare Infrastructure, Inc., a wholly owned subsidiary of the company and CenFin, LLC. The material terms of the amendment provided that CenFin would be entitled to 33% of the gross proceeds raised in any equity or debt financing activities by either the company or SignalShare Infrastructure, Inc., not including operational leases, for so long as there is any outstanding balance under the credit agreement. The terms of the amendment shall only become effective upon the company delivering a fully executed account control agreement reflecting the modifications set forth in the amendment. In consideration of the amendment, the company and SignalShare Infrastructure, Inc. released the lender from all claims related to the loan documents.

RoomLinX, Inc. Announces Auditor Changes

On June 24, 2015, the Board of Directors of RoomLinX, Inc. determined to dismiss KMJ Corbin & Company as the company's independent registered public accounting firm effective as of that date. On June 24, 2015, the company selected RBSM LLP as its new independent registered public accounting firm and entered into a new engagement agreement with RBSM to provide professional accounting and audit services for the year ending December 31, 2015.

Roomlinx, Inc. Announces Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014

RoomLinX, Inc. announced financial results for the fourth quarter and full year ended December 31, 2014. Total revenue in the fourth quarter of 2014 decreased 18% to $1.8 million, down from $2.2 million in the fourth quarter of 2013. In 2014, total revenue decreased 22% to $7.4 million from $9.4 million. Total 2014 adjusted EBITDA was negative $139,000 versus negative $1.4 million for the year ended 2013, an improvement of approximately $1.2 million. Net loss was $2,671,020 compared to $4,153,816 a year ago.


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