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grom social enterprises inc (GRMM) Details

Grom Social Enterprises, Inc., through its subsidiaries, operates social media network designed for children in the United States. It also produces animation films; and provides WebFiltering services to schools and libraries. The company was formerly known as Grom Holdings, Inc. Grom Social Enterprises, Inc. was founded in 2012 and is based in Boca Raton, Florida.

515 Employees
Last Reported Date: 04/16/19
Founded in 2012

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grom social enterprises inc
Grom Social Enterprises Introduces GROM App for Safe Social Networking for Kids

Grom Social Enterprises is introducing the GROM app, a fully COPPA-compliant social networking app that lets kids ages 5-16 safely create, share, engage and have fun with friends. GROM combines the most popular features of some of today's leading social networks, Facebook, YouTube and Snapchat, in one rich and vibrant kid-friendly destination with the industry's most powerful safety measures. With the GROM app, kids can create their own customized "Gromatar" profiles and interact with others through direct messaging that includes liking/commenting, drawing, photo sharing, and more. GROM is the only COPPA-certified app that gives children the ability to create and record original videos using a range of face filters and effects as well as access to over 1,000 hours of exclusive videos on demand. A perfect solution for parents concerned about their child's safety online, GROM stands apart from other social platforms and apps with its unique parental monitoring capabilities, 24/7 live monitoring and content filtering, as well as its vast array of educational and age-appropriate videos. Like training wheels for safely navigating the wider online and social media world, the GROM app prompts all users to take an exclusive Digital Citizenship Pact aimed at helping them become smarter and savvier in their online engagement. Grom Social is committed to providing a safe social experience for children and has been recognized with a trusted "kidSAFE+ COPPA" Seal from KidSAFE, a COPPA-approved Safe Harbor program. The app exceeds COPPA's guidelines by enforcing Grom Social's own safety protocols. Grom Social Enterprises also maintains partnerships with the National Parenting Education Network to advance the field of parenting education as well as the Child Rescue Coalition (CRC), whose proprietary IP monitoring technology helps protect children from predators. In addition, the company is part of the United Nations Global Compact, which aims to build a safer and more prosperous world.

Grom Social Enterprises, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2019

Grom Social Enterprises, Inc. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was USD 1.966 million compared to USD 2.032 million a year ago. Operating loss was USD 924,858 compared to USD 828,374 a year ago. Net loss was USD 1.643 million compared to USD 1.091 million a year ago. Basic loss per share was USD 0.02 compared to USD 0.01 a year ago.

Grom Social Enterprises, Inc. Presents at ThinkEquity Conference, May-02-2019 11:00 AM

Grom Social Enterprises, Inc. Presents at ThinkEquity Conference, May-02-2019 11:00 AM. Venue: The Mandarin Oriental Hotel, 80 Columbus Circle (at 60th St), New York, New York, United States. Speakers: Melvin Leiner, Vice Chairman, COO, Executive VP, CFO & Secretary, Zach Marks, Founder and CCO.

 

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TEV/Sales 2.5x
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