RMTD Remote Dynamics, Inc. featured news, full reports, and detailed charts
Remote Dynamics, Inc. (RMTD/RMTD.OB) Wrap Up:
Remote Dynamics, Inc. engages in the marketing, sale, and support of automatic vehicle location (AVL) and mobile resource management solutions targeting companies that operate private vehicle fleets in the United States. The company designs AVL solutions for metro, short-haul fleets within industry vertical markets, such as construction, field services, distribution, limousine, electrical/plumbing, waste management, and government. Its product offering includes REDIview, an Internet and service bureau-based software application that provides an array of real-time and accurate mapping, trip replay, and vehicle activity reports. The company is headquartered in Plano, Texas. Remote Dynamics, In...www.remotedynamics.com
18 Employees
Remote Dynamics, Inc. (RMTD:OTC Bulletin Board Market)
LAST $0.0001 USD
CHANGE TODAY 0.00 0.00%
VOLUME 25.0K
As of 11:30 AM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Remote Dynamics, Inc. (RMTD)
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OPEN
$0.0001
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PREVIOUS CLOSE
$0.0001
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DAY HIGH
$0.0001
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DAY LOW
$0.0001
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52 WEEK HIGH
12/1/08 - $0.0090
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52 WEEK LOW
11/19/09 - $0.0001
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MARKET CAP
2.9M
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AVERAGE VOLUME 3 mo
7.9M
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DILUTED EPS TTM
$-0.01
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SHARES OUTSTANDING
29.3B
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RMTD Does Not Pay Dividends
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P/E TTM
NM
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RMTD Top Compensated Officers
Mr. Gary Hallgren
Chief Executive Officer
Age: 40
Total Annual Compensation: $241.4K
Mr. Greg Jones
Senior Vice President of Operations
Age: 43
Total Annual Compensation: $199.3K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Remote Dynamics, Inc. (RMTD)
Remote Dynamics Inc. to Amend Articles of Incorporation
10/13/2009
Remote Dynamics Inc. announced that the company's majority stockholder, pursuant to a signed written consent to action without a meeting, to approve an amendment of amended and restated Articles of Incorporation to authorize 100,000,000,000 authorized shares of common stock having a par value of $0.00001 per share.
Remote Dynamics Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2009
08/14/2009
Remote Dynamics Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, total revenue totaled $1.30 million compared to $1.27 million during the three months ended June 30, 2008. Adjusted EBITDA was $8,000 for the second quarter of 2009 compared to $59,000 for the same period in 2008. Excluding the amortization of the deferred performance obligation recorded in the same period, adjusted EBITDA for the second quarter of 2008 would have been negative $85,000. Net loss for the quarter was $535,000 compared to $410,000 or $45.56 per basic and diluted share for the same period in 2008. The company reported operating loss of $194,000 and loss before income taxes of $535,000 compared to operating loss of $146,000 and loss before income taxes of $410,000 for the same period a year ago. For the six months ended June 30, 2009, the company reported net loss of $1,165,000 on total revenues of 2,586,000 compared to net loss of $1,511,000 or $4.12 per basic and diluted share on total revenues of $2,479,000 for the same period a year ago. Adjusted EBITDA for the period was $11,000 compared to $29,000 for the same period in 2008. The company reported operating loss of $414,000 and loss before income taxes of $1,165,000 compared to operating loss of $437,000 and loss before income taxes of $1,511,000 for the same period a year ago.
Remote Dynamics Inc. Announces Change of Auditor
07/22/2009
On July 15, 2009, upon approval of its Audit Committee, Remote Dynamics Inc. dismissed Chisholm, Bierwolf, Nilson & Morrill, LLC as the company's independent registered public accounting firm effective as of July 15, 2009. On July 15, 2009, the company's Audit Committee engaged M&K CPAS, PLLC as the company's new independent registered public accounting firm.
RMTD Competitors
| Company | Last | Change |
| AirIQ Inc | C$0.01 CAD | 0.00 |
| HUGHES Telematics Inc | $3.10 USD | -0.10 |
| Trimble Navigation Ltd | $23.40 USD | -0.10 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | RMTD | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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RMTD |
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RMTD transactions
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Target |
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Bankruptcy
September 18, 2009 |
Lewis Equipment Company |
More Recent News About Remote Dynamics, Inc.
More news for RMTD
Remote Dynamics Reports Q3 2009 Financial Results
PLANO, TX--(Marketwire - 11/13/09) - Remote Dynamics (OTC.BB:RMTD - News) (www.remotedynamics.com), a provider of asset tracking and fleet management solutions, reports its financial results for the third quarter ended September 30, 2009. Gary Hallgren, CEO of Remote Dynamics, commented, "We improved on the second quarter's positive adjusted EBITDA of $8,000 to post positive adjusted EBITDA of $64,000 in the third quarter, excluding a reversal of an accrued airtime credit. Going forward, the Company expects that its cost of service will decrease as a result of the one time adjustment. Additionally, the REDIview(TM) subscriber base increased for the second consecutive quarter in a row. Despite the tough economic conditions, we have been successful in continuing to demonstrate value to our customers by delivering a quick return on investment. Excluding the amortization of the deferred performance obligation in the prior year results, revenue grew 13% from the nine months ending 2009 compared to the nine months ending 2008."Highlights for the quarter included:� -- REDIview subscriber base increased 5.5% from September 30, 2008 and increased 1.5% since December 31, 2008. Ending REDIview units were 11,378 versus 10,787 on September 30, 2008. -- Total revenue for the three months ended Septemb...Click here to read the whole Article (external link)
REMOTE DYNAMICS INC Files SEC form 10-Q, Quarterly Report
Show all filings for REMOTE DYNAMICS INC | Request a Trial to NEW EDGAR Online Pro Form 10-Q for REMOTE DYNAMICS INC 13-Nov-2009Quarterly Report Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trad...Click here to read the whole Article (external link)
REMOTE DYNAMICS INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
REMOTE DYNAMICS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statement
Show all filings for REMOTE DYNAMICS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for REMOTE DYNAMICS INC 9-Sep-2009Entry into a Material Definitive Agreement, Other Events, Financial Statement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pr...Click here to read the whole Article (external link)
Remote Dynamics Reports Q2 2009 Financial Results
PLANO, TX--(Marketwire - 08/14/09) - Remote Dynamics (OTC.BB:RMTD - News) (www.remotedynamics.com), a provider of asset tracking and fleet management solutions, reports its financial results for the second quarter ended June 30, 2009. Gary Hallgren, CEO of Remote Dynamics, commented, "We rebounded from the first quarter's negative adjusted EBITDA of $18,000 to post positive adjusted EBITDA of $8,000 in the second quarter. The REDIview(TM) subscriber base increased as well, after dipping slightly in the first quarter due to higher customer defaults. Despite the tough economic conditions, we have been successful in continuing to demonstrate value to our customers by delivering a quick return on investment. "Highlights for the quarter included:� -- REDIview subscriber base increased 7.8% from June 30, 2008 and a 0.7% increase since December 31, 2008. Ending REDIview units were 11,283 versus 10,462 on June 30, 2008. -- Total revenue for the three months ended June 30, 2009 totaled $1.30 million compared to $1.27 million during the three months ended June 30, 2008. In accordance with our revenue recognition policies, REDIview unit sales and the associated cost of sales are deferred and recognized over the customer's contract life. Our future revenues will be solely dependent ...Click here to read the whole Article (external link)
REMOTE DYNAMICS INC Files SEC form 10-Q, Quarterly Report
ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with our consolidated financial statements and related notes and the other financial information included elsewhere in this report and in our Annual Report on Form 10-K for the year ended December 31, 2008. Information Regarding Forward-Looking Statements Except for the historical information and discussions contained herein, statements contained in this Form 10-QSB may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements generally include our management's plans and objectives for future operations, including plans, objectives and expectations relating to our future economic performance, business prospects, revenues, working capital, liquidity, ability to obtain financing, generation of income and actions of secured parties not to foreclose on our assets. The forward-looking statements may also relate to our current beliefs regarding revenues we might earn if we are successful in implementing our business strategies. The forward-looking statements generally can be identified by the use of the words "believe," "intend," "plan," "expect," "forecast," "project," "may," "should," "could," "seek," "pro forma," "estimate," "continue," "anticipate" and similar words. The forward-looking statements and associated risks may include, relate to, or be qualified by other important factors, including, without limitation: · anticipated trends in our financial condition and results of operations; · our ability to finance our working capital and other cash requirements; · our business strategy for expanding our presence in the markets we serve; and · our ability to distinguish...Click here to read the whole Article (external link)
Remote Dynamics Featured in July Issue of Crane Hot Line Magazine
PLANO, TX--(Marketwire - 07/01/09) - Remote Dynamics, Inc. (OTC.BB:RMTD - News), a leading provider of GPS fleet management solutions, today announced that the REDIview(TM) product has been featured in the July issue of Crane Hot Line in an article titled "Improving Fleet Management with Telematics." REDIview is used by hundreds of service, construction and equipment rental companies for real-time asset tracking, maintenance management, billing and security monitoring. REDIview operates on a wide variety of vehicles, tower cranes, mobile cranes, construction hoists, and construction equipment."We have worked hard to extend REDIview to meet the needs of the crane and hoist industry," said Gary Hallgren, CEO of Remote Dynamics. "We appreciated being included in the article as we continue to partner with these companies to help manage their complex fleets of vehicles and equipment."For more information about REDIview and how it can help your company, please send inquiries to info@remotedynamics.com or call 866-898-1699. To view the Crane Hot Line article on line, please see http://www.cranehotline.com/.About Remote Dynamics, Inc.: Remote Dynamics,...Click here to read the whole Article (external link)
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