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ADM Endeavors, Inc., trading under the symbol (OTCQB: ADMQ), is a diverse and fully integrated promotional product company based in the Dallas/Fort Worth area. Operating since 2010, ADM Endeavors' wholly owned subsidiary, Just Right Products, Inc., has consistently demonstrated profitability and growth. The company specializes in developing and distributing 'Anything With A Logo' through its website, JustRightProducts.com. Their extensive product range includes unique business cards, coffee cups, T-shirts, boots, and tens of thousands of other customizable items.
ADM Endeavors operates through various divisions: retail sales, screen print production, embroidery production, digital production, import wholesale sourcing, and uniforms. This vertical integration allows them to control the entire product life cycle, ensuring quality and efficiency. Key achievements include a recent contract to provide school uniforms for four additional schools, anticipated to generate significant revenue, and a new building project that will greatly expand production capacity.
Financially, ADM Endeavors has shown strong performance. For the third quarter ending September 30, 2022, the company reported $2.3 million in revenue, maintaining profitability despite slight decreases in sales due to external economic factors. Recent projects include the launch of their custom liquor bottle market and a new Spanish FW Promo website to enhance customer reach.
ADM Endeavors has strategically positioned itself in stable markets, evidenced by new government contracts and expanding into underserved niches like custom liquor bottles. Their forward-looking strategy includes a new production facility, expected to increase production capacity by up to five times. The company remains committed to growing its market presence while ensuring superior customer service and product quality.
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ADM Endeavors (ADMQ) reported Q3 2024 financial results with revenue of $2.17 million, up 12% year-over-year and 77% quarter-over-quarter. The growth was driven by recently acquired brands and increased school uniform sales. Gross margin declined to 26% from 30% in Q3 2023. Net income was $125,809, down from $155,609 in Q3 2023 but up significantly from Q2 2024. Year-to-date revenue reached $4.44 million, a 13% increase. The company's new 100,000 sq. ft. facility under construction was appraised at $13 million, with adjacent land valued at $3.7 million.
ADM Endeavors announces significant developments, including its new 100,000 sq. ft. facility valued at $13 million, set to be operational in Q1 2025. The company aims to capitalize on market opportunities following competitor Dennis Uniforms' exit, potentially doubling or tripling school uniform revenue by 2025 from the $1.4 million generated in 2023. The facility expansion will increase revenue capacity up to five times, while the company strengthens its sales team with industry veteran Ashley Hester to capture market share from approximately 50 schools needing new uniform suppliers in the DFW area.
ADM Endeavors (OTCQB: ADMQ) reported its Q2 2024 financial results, showing mixed performance. Revenue for Q2 was $1,222,600, a 5% decrease year-over-year but a 16% improvement over Q1. The gross margin fell to 35% from 38% in Q2 2023 but increased from 32% in Q1 2024. Operating income was $1,564, down from $87,253 in Q2 2023 but up from a $59,163 loss in Q1 2024. For the first half of 2024, revenue increased 18% to $2,278,738, with a slight improvement in gross margin to 33%. The company reported a net loss of $63,935 for H1 2024. CEO Marc Johnson highlighted new customer acquisitions and contract renewals, expressing confidence in future sales momentum. The company's new facility, set to open later this year, is expected to increase production capacity by up to five times.
ADM Endeavors (OTCQB: ADMQ) reports new government contracts and a corporate update. The company's subsidiary, Just Right Products Inc., has secured contracts with Tarrant County, Dallas County, City of Euless Fire Department, Upper Trinity Regional Water District, City of Irving Parks and Recreation, and Trinity Basin Preparatory. These wins validate ADM's strategy of targeting local public organizations for long-term, recurring business.
The company's new facility construction is progressing, expected to be operational by end-2024, potentially increasing production capacity by 5x. Based on local real estate comparisons, the new facility and remaining land could be worth $11-$15 million. ADM is also exploring M&A opportunities in the fragmented Texas promotional products market to accelerate growth.
ADM Endeavors announced that its subsidiary, Just Right Products, secured a new contract with the City of Blue Mound and expanded its operations in Burleson. The company launched a Spanish-language promotional website and a custom liquor bottle site to attract a wider customer base. To address lower margins, Just Right Products introduced its own line of school uniforms, anticipating a 20% margin increase. However, influencer sales have decreased as consumer confidence wanes. The company expects continued supply chain challenges but aims to maintain stability in its business model.
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