The Guitammer Company Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
The Guitammer Company Inc. reported consolidated earnings results for the year ended December 31, 2014 and revenue results for the fourth quarter ended December 31, 2014. Revenue was $1,051,019 for the year ending December 31, 2014, compared to revenue of $1,917,300 for the year ended December 31, 2013 a decreased $866,281 or 45.2%. The Company's revenues decreased primarily due to its decision to allocate a relatively greater amount of its financial and human resources from the deliveries of its consumer products to the development of its patented broadcast technology. Loss from operations was $1,156,992 against $1,113,155 a year ago. Loss before provision of income taxes was $1,378,101 against $1,306,863 a year ago. Net loss attributable to common stockholders was $1,378,101 or $0.02 per basic and diluted share against $1,306,863 or $0.02 per basic and diluted share a year ago. LBITDA was $1,110,638 against $1,081,464 a year ago. Adjusted LBITDA was $926,635 against $763,679 a year ago.
Revenue increased to $417,230 for the three months ending December 31, 2014, compared to revenue of $138,890 for the three months ending September 30, 2014, an increase of approximately 200%.