{"id":80376,"date":"2013-08-14T19:33:12","date_gmt":"2013-08-14T11:33:12","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/guitammer-sees-second-quarter-revenue-increase\/"},"modified":"2013-08-14T19:33:12","modified_gmt":"2013-08-14T11:33:12","slug":"guitammer-sees-second-quarter-revenue-increase","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/guitammer-sees-second-quarter-revenue-increase\/","title":{"rendered":"Guitammer Sees Second Quarter Revenue Increase"},"content":{"rendered":"<table style=\"width: 150px;\" border=\"0\" cellspacing=\"2\" cellpadding=\"6\" align=\"left\">\n<tbody>\n<tr>\n<td><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"\/Assets\/Image\/Screen%20Shot%202013-08-14%20at%203_14_30%20PM.png\" width=\"225\" height=\"122\"><\/td>\n<\/tr>\n<tr>\n<td>\n<em>The Guitammer Company, manufacturer of audio transducers, saw a sharp revenue increase in 2013.<\/em><br \/>\nImage credit: Guitammer Company\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>[Satellite TODAY 08-14-13] <b>The Guitammer Company<\/b>, a broadcast technology provider, announced second quarter 2013 revenue rose to $428,183, which is an increase of 25 percent compared to second quarter of 2012.&nbsp;The higher revenue combined with an 800 basis point improvement in gross margin to 42.9 percent drove a 27 percent year-over-year increase in gross profit for the three months ending June 30, 2013.<\/p>\n<p>Reflecting previously extinguished debt, interest expense declined 40.5 percent or approximately $31,500 for the quarter.&nbsp;Net loss increased $28,679 for the three months ending June 30, 2013 as compared to the same period last year due to an increase in non-cash employee stock option plan of approximately $29,000.<\/p>\n<p>The company also received a total of $685,625 in equity investments in the second quarter 2013 and an additional $50,000 secured by July 12, 2013. Year-to-date, Guitammer has raised $985,925 in equity. Total current company assets were at $1,196,365 on June 30, 2013, an increase of $335,328 or 39 percent compared to current assets of $861,037.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Guitammer Company, manufacturer of audio transducers, saw a sharp revenue increase in 2013. Image credit: Guitammer Company [Satellite TODAY 08-14-13] The Guitammer Company, a broadcast technology provider, announced second quarter 2013 revenue rose to $428,183, which is an increase of 25 percent compared to second quarter of 2012.&nbsp;The higher revenue combined with an 800 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":80377,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-80376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/80376"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=80376"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/80376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/80377"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=80376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=80376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=80376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}