Wednesday, August 24, 2016 8:40:56 AM
gm Struk' / $SPMI 0.0013 - 250M A/S - company reorganisation at the moment
Common stock, $.001 par value, 250,000,000 shares authorized, 111,038,914 issued, with
109,914,225 shares outstanding at June 30, 2016 and December 31, 2015
from Aug. 15 <>>> "We continue to see the positive results from our reorganization activities as our revenues steadily climb, while expenses are being managed responsibly. Speedemissions is one of the more prominent emission testing companies in each of our markets, with over 1.5 million cars tested over the past 15 years in Atlanta alone, and as a result, we've been able to capitalize on this stability, consistency and professionalism, thereby contributing to the increases in store-over-store business," stated Rich Parlontieri, CEO of Speedemissions.
"With the closing of our second quarter, not only will we have posted three consecutive quarters with positive EBITDA, but we will have gone from a negative EBITDA of over $215,000 in 2015 to a positive EBITDA of over $80,000 in 2016 for the respective six month periods ending June 30. This is permitting us to strengthen our balance sheet, and most importantly, focus on the creation of value for our shareholders. In addition, this improvement in operations has allowed us to review and carefully examine other business segments of the automotive industry that may align well with our core company, and potentially create an opportunity of business synergies," added Parlontieri.
http://finance.yahoo.com/news/speedemissions-inc-announces-second-quarter-120000855.html
Select Financial Data for Three and Six Month Period Ended June 30, 2016
Total revenue for the quarter ended June 30, 2016 increased 5.9% or $46,937 to $841,797 as compared to $794,860 for the quarter ended June 30, 2015 due to the increase in same store sales.
Net loss was significantly reduced for the quarter ended June 30, 2016 to ($29,282) as compared to a net loss of ($246,832) for the quarter ended June 30, 2015, an improvement of $217,550.
Store operating expenses decreased by $50,868 to $514,292 or 9.0% for the second quarter 2016 as compared to $565,160 for the quarter ended June 30, 2015 as a result of the declines in wages, property insurance expense and rent expense.
General and Administration expenses for the quarter end June 30, 2016 decreased by 38.9% or $101,580 as compared to the quarter end June 30, 2015 due primarily to a decrease in legal and accounting fees, and debt forgiveness due to an early cancellation of a capital lease.
Total revenue for the six months ended June 30, 2016 increased 6.1% or $99,684 to $1,727,348 as compared to $1,627,664 for the six months June 30, 2015 primarily due to an increase in same store sales.
For the three months ended June 30, 2016, the Company reported a positive EBITDA of $53,369 as compared to a negative EBITDA of ($57,320) for the three months ended June 30, 2015. For the six months ended June 30, 2016, EBITDA was a positive $82,273 as compared to a negative EBITDA for the six months ended June 30, 2015 of ($218,094).
Store operating expenses for the six months ended June 30, 2016 decreased by $78,217 to $1,036,222 or 7.0%, as compared $1,114,539 for the same period ended June 30, 2015.
General and Administration expenses decreased 29.3% or $136,828 as compared to the same period ended June 30, 2015 due primarily to a decrease in legal and accounting fees, and debt forgiveness due to an early cancellation of a capital lease.
Net loss was significantly reduced for the six month ended June 30, 2016 to ($54,289) as compared to a net loss of ($359,428) for the quarter ended June 30, 2015, an improvement of $305,139.
Shareholders and investors are advised to review a full analysis of results for the quarter ended June 30, 2016 in the Company's Form 10-Q, which is available on the Speedemission, Inc. website at www.speedemissions.com or through the Securities and Exchange Commission's Edgar database at www.sec.gov.
10Q - revenue increase ...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11543231
Common stock, $.001 par value, 250,000,000 shares authorized, 111,038,914 issued, with
109,914,225 shares outstanding at June 30, 2016 and December 31, 2015
from Aug. 15 <>>> "We continue to see the positive results from our reorganization activities as our revenues steadily climb, while expenses are being managed responsibly. Speedemissions is one of the more prominent emission testing companies in each of our markets, with over 1.5 million cars tested over the past 15 years in Atlanta alone, and as a result, we've been able to capitalize on this stability, consistency and professionalism, thereby contributing to the increases in store-over-store business," stated Rich Parlontieri, CEO of Speedemissions.
"With the closing of our second quarter, not only will we have posted three consecutive quarters with positive EBITDA, but we will have gone from a negative EBITDA of over $215,000 in 2015 to a positive EBITDA of over $80,000 in 2016 for the respective six month periods ending June 30. This is permitting us to strengthen our balance sheet, and most importantly, focus on the creation of value for our shareholders. In addition, this improvement in operations has allowed us to review and carefully examine other business segments of the automotive industry that may align well with our core company, and potentially create an opportunity of business synergies," added Parlontieri.
http://finance.yahoo.com/news/speedemissions-inc-announces-second-quarter-120000855.html
Select Financial Data for Three and Six Month Period Ended June 30, 2016
Total revenue for the quarter ended June 30, 2016 increased 5.9% or $46,937 to $841,797 as compared to $794,860 for the quarter ended June 30, 2015 due to the increase in same store sales.
Net loss was significantly reduced for the quarter ended June 30, 2016 to ($29,282) as compared to a net loss of ($246,832) for the quarter ended June 30, 2015, an improvement of $217,550.
Store operating expenses decreased by $50,868 to $514,292 or 9.0% for the second quarter 2016 as compared to $565,160 for the quarter ended June 30, 2015 as a result of the declines in wages, property insurance expense and rent expense.
General and Administration expenses for the quarter end June 30, 2016 decreased by 38.9% or $101,580 as compared to the quarter end June 30, 2015 due primarily to a decrease in legal and accounting fees, and debt forgiveness due to an early cancellation of a capital lease.
Total revenue for the six months ended June 30, 2016 increased 6.1% or $99,684 to $1,727,348 as compared to $1,627,664 for the six months June 30, 2015 primarily due to an increase in same store sales.
For the three months ended June 30, 2016, the Company reported a positive EBITDA of $53,369 as compared to a negative EBITDA of ($57,320) for the three months ended June 30, 2015. For the six months ended June 30, 2016, EBITDA was a positive $82,273 as compared to a negative EBITDA for the six months ended June 30, 2015 of ($218,094).
Store operating expenses for the six months ended June 30, 2016 decreased by $78,217 to $1,036,222 or 7.0%, as compared $1,114,539 for the same period ended June 30, 2015.
General and Administration expenses decreased 29.3% or $136,828 as compared to the same period ended June 30, 2015 due primarily to a decrease in legal and accounting fees, and debt forgiveness due to an early cancellation of a capital lease.
Net loss was significantly reduced for the six month ended June 30, 2016 to ($54,289) as compared to a net loss of ($359,428) for the quarter ended June 30, 2015, an improvement of $305,139.
Shareholders and investors are advised to review a full analysis of results for the quarter ended June 30, 2016 in the Company's Form 10-Q, which is available on the Speedemission, Inc. website at www.speedemissions.com or through the Securities and Exchange Commission's Edgar database at www.sec.gov.
10Q - revenue increase ...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11543231
Disclaimer: pinky rhymes with stinky > don't buy stocks before making some DD / trust ppl u have faith in, don't take my posts for recommandation to buy or sell - do ur OWN DD
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