Speedemissions Inc. announced financial results for the second quarter ended June 30, 2014. For the second quarter of 2014, the company reported an operating loss of $87,864 versus a loss of $211,490 for the same period in 2013. Total revenue declined approximately $170,000 to $1,600,643 compared to $1,770,709 in the second quarter ended June 30, 2013. The decrease in revenue was due to the sale of the Houston stores, plus the closing of one store each in St. Louis in April 2014, and Atlanta in May 2014. After adjusting for non-cash goodwill impairment charge of $365,378, the company realized a 27% decrease in its operating loss over the same period in 2013.

The company reported non-cash goodwill impairment charge of $365,378.