The Guitammer Company (GTMM) Recaps Strong Progress Across the Board, Outlines 2013 Focus on Continued Growth
Mark A. Luden, CEO of The Guitammer Company, a leader in low frequency sound and creator of the award-winning line of ButtKicker®-brand low frequency audio transducers, today issued a shareholder letter to review the company's 2012 and selected 2013 achievements as well as comment on the outlook and focus for the rest of this year. 2012 Full Year Financial Highlights and Selected 2013 Information: • Revenues rose 64 percent year-over-year to approximately $2.13 million; gross margin was 40 percent. • Approximately $1.7 million was raised in private placements in FY2012 and an additional $250k was raised in Q1 FY2013. •…