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About Speedemissions
Its shares trade under the ticker SPMI. It has been listed since 25 September 2003. In the fiscal year to 31 December 2022, it reported revenue of $3.8m and net income of $392,000.
Speedemissions, Inc. engages in the business of conducting vehicle emission and safety inspection tests automobiles, vans, sport-utility-vehicles, and pick-up trucks. The company is headquartered in Tyrone, Georgia. The company went IPO on 2003-09-25. The firm performs vehicle emissions testing and safety inspections in certain cities, in which vehicle emissions testing is mandated by the United States Environmental Protection Agency (EPA). The company operates approximately 20 vehicle emissions testing and safety inspection stations under the trade names of Speedemissions, Auto Emissions Express (in Atlanta, Georgia and St. Louis, Missouri) and Just Emissions (in Salt Lake City, Utah). The company also operates over three mobile testing units in the Atlanta, Georgia area, which service automotive dealerships and local government agencies. There are over two types of primary emissions tests that are performed, the Accelerated Simulated Model (ASM) and the On-Board Diagnostic (OBD). The ASM test is performed on vehicles produced before 1996, while the OBD test is conducted on vehicles produced during and after 1996.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Consumer Discretionary
- Industry
- Specialty Retail
- Listed since
- 25 Sept 2003
- Employees
- 97
- Website
- speedemissions.com ↗
Leadership
Pay as last reported
- Mr. Richard ParlontieriPresident, Chief Executive Officer, Chief Financial Officer, Director, since 2003$233,715
- Mr. Michael GuirlingerIndependent Director
- Mr. William HannanIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Speedemissions Inc possesses several strengths that contribute to its success in the market. Firstly, the company has a strong brand reputation and recognition, gained through years of quality service and customer satisfaction. This enhances customer loyalty and trust. Additionally, Speedemissions Inc has a wide network of strategically located emissions testing centers, offering convenience to customers and allowing for a broad market reach. Furthermore, the company has a well-trained and knowledgeable workforce, ensuring efficient operations and positive customer experiences.
Weaknesses
- Despite its strengths, Speedemissions Inc also faces certain weaknesses that need addressing. Firstly, the company heavily relies on the demand for emissions testing services, which can fluctuate based on various factors such as government regulations and economic conditions. This lack of diversification in its service offerings increases the company's vulnerabilities. Additionally, there may be a lack of cost competitiveness compared to some competitors in the market, impacting profitability. Moreover, the company's limited online presence and digital marketing efforts may hinder its ability to reach and engage potential customers effectively.
Opportunities
- Speedemissions Inc can explore various opportunities to drive growth and expand its market presence. Firstly, the increasing global focus on environmental sustainability and emissions reduction presents an opportunity for the company to align its services with evolving regulations and promote its expertise in emission testing and reporting. This can attract more customers seeking compliance and environmental responsibility. Furthermore, strategic partnerships with automotive manufacturers or dealerships could enable Speedemissions Inc to offer bundled services or exclusive testing contracts, fostering new revenue streams and customer relationships. Additionally, investing in digital marketing, website optimization, and online appointment systems can attract tech-savvy customers looking for convenient and accessible testing services.
Threats
- Speedemissions Inc must remain vigilant of potential threats that could impact its business operations and competitive position. Firstly, there may be increased competition from both established players and emerging startups in the emissions testing industry. This can potentially erode market share and customer base if the company fails to differentiate itself or adapt to changing market dynamics effectively. Additionally, fluctuations in government regulations, such as relaxation in emissions requirements or changes in testing protocols, can adversely affect demand for Speedemissions Inc's services. Moreover, economic downturns and recessions may lead to reduced consumer spending, impacting the company's revenue generation.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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