ORCA
2 months ago
THEY FINALLY FILED THE YEARLY REPORT.ON THE 4TH QUARTER THEY HAD $5,9 MILLION IN REVENUES
FOR 2024 $14,9 MILLION IN REVENUES VS $13,4 MILLION FOR 2023=$1,5 MILLION MORE IN REVENUES IN 2024.
NET LOSS FOR 2024 WAS $1,2 MILLION VS $1,4 MILLION LOSS FOR 2023=A LESS LOSS OF $200K THAN 2023.
https://www.otcmarkets.com/stock/AMMX/news/AmeraMex-International-Reports-Revenue-of-149-Million-for-the-Year-Ended-December-31-2024?id=474803
OTC Disclosure & News Service
AmeraMex International Reports Revenue of $14.9 Million for the Year Ended December 31, 2024
Newsfile | 04/25/2025
Chico, California--(Newsfile Corp. - April 25, 2025) - AmeraMex International, Inc. (OTC Pink: AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, and forestry conservation, reported financial results for its year ended December 31, 2024.
Statement of Operations for the Year Ended December 31, 2024
The company reported revenue of approximately $14.9 million, compared to revenue of approximately $13.4 million for the year ended December 31, 2023.
Gross profit for the year was $1.2 million, compared to gross profit of $2.1 million for the 2023 year-end.
Gross profit as a percentage of revenue was 8 percent for the year compared to gross profit, as a percentage of revenue, of 16 percent for the 2023 year-end.
Net loss for the year was ($1.2 million) compared to net loss of ($1.4 million) for the comparable 2023 year-end. Loss per share was ($0.08) compared to a loss per share of ($0.10).
Balance Sheet for the Year Ended December 31, 2024
Total Assets for the year were $17.5 million compared to $17.8 million for the year ended December 31, 2023.
Total Liabilities for the year were $15.2 million compared to $14.4 million for the year ended December 31, 2023.
Conference Call
The AmeraMex management team will be traveling for the next several days and a news release pertaining to the year ended 2023 conference call will be disseminated next.
AmeraMex International
AmeraMex International sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com for additional information and equipment videos.
Forward-Looking Statement
Statements made in this news release that are not historical, or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified using terms such as "may," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and key factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 or Marty@McCloudCommunications.com
Tables Follow
AMERAMEX INTERNATIONAL, INC.
UNAUDITED STATEMENTS OF OPERATIONS
DECEMBER 31, 2024
DECEMBER 31, 2023
REVENUES
Sales of Equipment and Other Revenues $ 12,793,051 $
11,918,754
Rentals and Leases 2,179,964
1,464,745
Total Sales 14,973,015
13,383,499
COST OF SALES
Sales of Equipment and Other Revenues 12,717,263
10,880,204
Rentals and Leases 1,029,540
438,056
Total Cost of Sales 13,746,803
11,318,260
GROSS PROFIT 1,226,212
2,065,239
OPERATING EXPENSES
Selling Expense 745,964
2,227,613
General and Administrative 1,056,187
689,636
Total Operating Expenses 1,802,151
2,917,249
Profit (loss) From Operations (575,939)
(852,010 )
OTHER INCOME (EXPENSE)
Interest Expense, net (1,179,955)
(624,940 )
Loss from Early Extinguishment of Debt -
(44,359 )
Other Income (Expense) 167,489
146,948
Total Other Income (Expense) (1,012,466)
(522,351 )
INCOME BEFORE PROVISION for INCOME TAXES (1,588,405)
(1,374,361 )
PROVISION for INCOME TAXES 430,184
-
NET INCOME $ (1,158,221) $
(1,374,361 )
Weighted Average Shares Outstanding:
Basic 14,112,988
14,112,988
Diluted 14,112,988
14,112,988
Earnings (loss) per Share
Basic $ -0.08 $
-0.10
Diluted $ -0.08 $
-0.10
AMERAMEX INTERNATIONAL, INC.
UNAUDITED BALANCE SHEETS
DECEMBER 31, 2024
DECEMBER 31, 2023
ASSETS
Current Assets:
Cash $ 84,929
$ 588,128
Accounts Receivable, Net 2,838,374
1,289,389
Inventory, Net 6,389,591
11,359,158
Other Current Assets 247,012
324,134
Total Current Assets 9,559,906
13,560,809
Property and Equipment, Net 661,482
1,420,163
Rental Equipment, Net 5,407,483
1,063,464
Joint Venture Asset 177,000
-
Operating Lease ROU Asset 611,822
703,802
Financing Leasae ROU Asset 872,437
883,310
Other Assets 215,643
203,025
Total Other Assets 7,945,867
4,273,764
TOTAL ASSETS $ 17,505,773
$ 17,834,573
LIABILITIES & STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable $ 1,655,227
$ 2,213,722
Accrued Expenses 155,871
348,415
Deferred Revenue 1,690,905
2,136,400
Joint Venture Liability -
105,000
Lines of Credit 4,732,151
5,509,788
Notes Payable, Current Portion 1,268,380
1,273,310
Operating Lease Liability 129,081
129,081
Financing Lease Liability 295,965
376,242
Total Current Liabilities 9,927,580
12,091,958
Long-Term Liabilities
Notes Payable, Net of Current Portion 4,446,580
1,094,722
Operating Lease Liability, Net of Current Portion 482,741
574,721
Financing Lease Liability, Net of Current Portion 407,379
673,458
Total Long-Term Liabilities 5,336,700
2,342,901
TOTAL LIABILITIES 15,264,280
14,434,859
STOCKHOLDERS' EQUITY:
Shareholders' Equity
Preferred Stock, $0.001 par value, 5,000,000 shares authorized, no -
-
shares issued and outstanding
Common Stock, $0.001 par value, 1,000,000,000 shares authorized 14,829
14,829
14,829,155 shares issued and outstanding
Additional Paid-In Capital 21,671,534
21,671,534
Accumulated Deficit (19,444,870 ) (18,286,649 )
Total Stockholders' Equity 2,241,493
3,399,714
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 17,505,773
$ 17,834,573
-
-
AMERAMEX INTERNATIONAL, INC.
UNAUDITED STATEMENTS OF CASH FLOW
DECEMBER 31, 2024
DECEMBER 31, 2023
OPERATING ACTIVITIES:
Net Income
(1,158,221)
(1,374,361)
Adjustments to reconcile Net Loss to
Net Cash provided (used) by Operations Activities:
Depreciation and Amortization
1,414,693
1,102,544
Provision (Benefit) for Deferred Income Taxes
-
(78,120)
Amortization and Accretion of Interest
48,593
18,719
Change in Assets and Liabilities:
Accounts Receivable
(1,548,985 ) (208,650)
Inventory
4,969,567
(5,083,335)
Other Current Assets
77,122
165,771
Accounts Payable
(558,495 ) 1,013,917
Accrued Expenses
(192,544 ) (98,434)
Deferred Revenue
(445,495 ) 2,136,400
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES
2,606,235
(2,405,549)
INVESTING ACTIVITIES:
Payments for Property & Equipment
360,566
(725,941)
Payments for Rental Equipment
(5,360,597 ) (364,804)
NET CASH USED BY INVESTING ACTIVITIES
(5,000,031 ) (1,090,745)
FINANCING ACTIVITIES:
Joint Venture Liability
(105,000 ) (122,503)
Lease payments related to finance leases
(292,158 ) (292,158)
Net Borrowing (Repayments) Under Lines of Credit
(777,637 ) 4,182,073
Payments on Notes Payable
(5,200,172 ) (1,812,363)
Proceeds from Notes Payable
8,265,564
1,052,805
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES
1,890,597
3,007,854
NET INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS
(503,199 ) (488,440)
Cash and Cash Equivalents, BEGINNING OF PERIOD
588,128
1,032,209
Cash and Cash Equivalents, END OF PERIOD
84,929
588,128
CASH PAID FOR:
Interest
1,202,753
532,297
Income Taxes
800
800
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING
AND FINANCING ACTIVITIES:
Transfer of Inventory to Rental Equipment
-
1,600,577
Equipment Financed under Capital Leases
-
-
Transfer of Rental Equipment to Inventory
-
-
AMERAMEX INTERNATIONAL, INC.
UNAUDITED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
FOR DECEMBER 31, 2024 AND 2023
Additional
Common Stock Paid-in
Accumulated
Balance Shares Amount Capital
Deficit
December 31, 2022 14,829,155 $ 14,829 $ 21,671,534 $ (16,912,288)
Net Income - - -
(1,374,361)
December 31, 2023 14,829,155 $ 14,829 $ 21,671,534 $ (18,286,649 )
Net Income - - -
(1,158,221 )
December 31, 2024 14,829,155 $ 14,829 $ 21,671,534 $ (19,444,870 )
14,112,988 14,829 21,671,534
(19,444,870 )
716,167 - -
-
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