Profile
Provides database management solutions, historically including real-time data processing tools.
Groovy Company, Inc. is a Wyoming-incorporated entity with executive offices in Fairfield, New Jersey, and a former address in Atlanta, Georgia. The company, which filed as a smaller reporting company in its 2025 10-K, has faced significant accounting challenges, including the dismissal of its independent auditor, Olayinka Oyebola & Co., in August 2025 following the auditor's suspension by the SEC for violations of securities laws. This event marked a turbulent period for Groovy, which has not disclosed substantial revenue or customer traction in recent filings.
The company's stock trades on the Expert Market tier of OTC Markets, limiting liquidity and visibility. Groovy's product focus remains unclear from public filings, though historical TechCrunch coverage from 2009 mentioned a 'SQL Switch' product aimed at real-time data management, suggesting a legacy in database technology. The company's current financial health is opaque, with no disclosed revenue figures or significant client wins in recent years, and its market position appears marginal within the competitive database and enterprise software sectors.
Who buys this
- Enterprise IT departments needing real-time data processing
- Software developers integrating database solutions
- Legacy systems requiring modernization
Strengths and what to watch
Strengths
- Historical expertise in real-time data management technologies
- Publicly traded status provides some transparency
- Legacy intellectual property from earlier product iterations
Watch for
- Ongoing accounting and SEC compliance issues following auditor dismissal
- Lack of recent product announcements or customer disclosures
- Limited liquidity as an Expert Market-traded stock
Recent moves
Key Information
- Founded
- 2009
- Headquarters
- Fairfield, New Jersey
Frequently Asked Questions
What does Groovy Corp do?
Groovy Corp provides database management solutions, historically specializing in real-time data processing tools. The company developed SQL Switch technology for real-time web data management. Currently, its product focus is unclear from filings, though it targets enterprise IT departments and developers needing database solutions. (47 words)
Why did Groovy Corp dismiss its auditor?
Groovy Corp dismissed Olayinka Oyebola & Co. in August 2025 after the SEC suspended the auditor for securities law violations. This followed accounting challenges disclosed in filings. The dismissal created compliance uncertainties, though the company remains a reporting entity. (42 words)
Is Groovy Corp's SQL Switch still available?
TechCrunch covered SQL Switch in 2009 as a real-time data management tool, but current product availability is unclear. Recent filings don't mention specific products, suggesting Groovy may have pivoted from this technology. The company's website doesn't clarify current offerings. (45 words)
How stable is Groovy Corp financially?
Groovy Corp's financial health appears uncertain - filings show no substantial revenue disclosures and it trades on OTC's Expert Market tier, indicating limited liquidity. The 2025 auditor dismissal and SEC issues further cloud its stability. No major customer wins have been reported recently. (48 words)
Where is Groovy Corp headquartered?
Groovy Corp maintains executive offices in Fairfield, New Jersey, with a former address in Atlanta, Georgia. Incorporated in Wyoming, the company's operational footprint appears limited based on available disclosures. Recent filings don't indicate significant physical infrastructure beyond these locations. (44 words)
Can I invest in Groovy Corp stock?
Groovy Corp trades on OTC Markets' Expert Market tier, restricting access to qualified brokers. The stock has limited liquidity and visibility. Potential investors should carefully evaluate the company's auditor issues, lack of revenue disclosure, and Expert Market trading limitations before considering investment. (47 words)
Sources
- www.sec.gov — Auditor dismissal and SEC compliance issues
- www.sec.gov — Corporate status and financial reporting
- techcrunch.com — Historical product focus
- www.sec.gov — Corporate address changes