Speedemissions, Inc. (SPMI) Posts FY13 Financial Results, Reviews Measures to Counter Challenges
Speedemissions, a provider of vehicle emissions testing and automotive safety, reports full-year 2013 financial results for the 12 months ended December 31, 2013, acknowledging the impact of recent acquisitions and unforeseen challenges to revenue generation and corporate response to counter these conditions. Revenue for the year was $7.09 percent, representing a decrease of 8.5 percent compared to 2012 revenue of $7.75 million. Same store sales increased 7.3 percent in Atlanta. Net loss was $814,482, or $0.016 per basic and diluted share, compared to a net loss of $656,037, or $0.02 per basic and diluted share, in the year ended December…