GETG Green Earth Technologies, Inc. featured news, full reports, and detailed charts
Green Earth Technologies, Inc. (GETG/GETG.PK) Wrap Up:
Green Earth Technologies, Inc. (GET) manufactures and markets American grown base oil based consumer goods. The company develops and distributes motor oils, wheel and glass cleaners, rain repellents, engine oils, tile and grout cleaners, and odor eliminators under the G brand name. Its products include G-OIL, G-DISPOSOIL, G-WASH, G-GLASS, G-SCENT, G-WHEEL, G-TIRE, and G-TILE. The company caters to automotive and marine performance and appearance chemicals, household cleaning solutions, and lawn and garden chemicals markets. GET is based in Stamford, Connecticut.Green Earth Technologies, Inc. (GETG:OTC)
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Key developments for Green Earth Technologies, Inc. (GETG)
Green Earth Technologies Inc. announced their third consecutive showcase at The AAPEX Show at the Sands Expo Center in Las Vegas, November 4-6. Third time is a charm, as G-OIL SAE 5W-30 is now available nationally, passing all the engine test criteria for The American Petroleum Institute (API) SM Certification and being granted the API 'Donut'. In addition to G-OIL Green Motor Oil, Green Earth Technologies will be previewing two new products: G-OIL Marine Oil, which will begin shipping in 2010 and the GREEN MACHINE(TM), a new product in the appearance chemical category with TTI. The GREEN MACHINE is a portable 1400 PSI pressure washer designed for cars and trucks specially equipped with the G-CLEAN High Pressure Detergent Injector to accommodate environmentally friendly washing using GET's ultimate biodegradable dissolvable detergent pouches, made with American-grown plant base oils. The dissolvable detergents go through the pump and clean at high pressure while conditioning and lubricating the pump, so no reclamation necessary while cleaning on the road.
Green Earth Technologies Inc. announced that their G-OIL Ultimate Biodegradable green motor oils has started to ship and will officially be offered at retail beginning October 1st at National Auto Stores, a family owned and operated business serving eastern Pennsylvania. G-OIL SAE 5W-30 ultimate biodegradable green motor oils met and passed all the engine test criteria for The American Petroleum Institute (API) SM Certification and were officially granted the API 'Donut,' becoming the first and only bio-based motor oil to receive such distinguished honors. G-OIL is the world's lowest petroleum, 'eco-friendly,' ultimate biodegradable motor oil priced comparatively to synthetics and similarly performing products. Unlike traditional petrochemical-based motor oils from leading manufacturers, Green Earth Technologies' G-OIL is made with American-grown renewable animal fats. These saturated fats, whose molecular single-bond carbon chains are similar to common petroleum oils, have no harsh effects on the environment, and drastically cut dependence on foreign oil.
Green Earth Technologies Inc. announced unaudited consolidated earnings results for the nine months ended March 31, 2009. For the quarter, the company has reported operating loss of $10.2 million, adjusted EBITDA loss of $4.7 million or $0.06 per share and net loss of $10.4 million or $0.14 per share on total revenues of $2.2 million. Net loss and net loss per share in the current period includes $5.1 million, or $0.07 per share, in non cash stock-based compensation. In the same period last year, the company has reported loss from operations of $3.8 million and net loss of $4.2 million or $0.13 per basic and diluted share on net sales of $10,000.
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Industry Analysis
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GETG transactions
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Private Placement
June 15, 2009 |
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