ADM Endeavors Reports Fiscal 2024 Financial Results
ADM Endeavors (OTCQB: ADMQ) has reported strong financial results for fiscal 2024, with total revenue increasing 11% to $5.76 million. The company achieved significant growth in net income, rising 136% to $324,311. The financial performance breakdown shows school uniform sales of $1.56 million and promotional sales of $4.21 million.
Key highlights include an improved gross margin of 35%, up from 29% in 2023. The company's financial position shows cash holdings of $412,449 and accounts receivable of $366,689. A notable development is the near-completion of a new 100,000+ sq. ft. facility, appraised at $13 million, with adjacent land valued at $3.7 million. The facility is expected to open in summer 2025, increasing production capacity by up to five times.
ADM Endeavors (OTCQB: ADMQ) ha riportato risultati finanziari solidi per l'anno fiscale 2024, con un incremento del fatturato del 11% a 5,76 milioni di dollari. L'azienda ha registrato una crescita significativa dell'utile netto, che è aumentato del 136% a 324.311 dollari. La suddivisione delle performance finanziarie mostra vendite di uniformi scolastiche per 1,56 milioni di dollari e vendite promozionali per 4,21 milioni di dollari.
I punti salienti includono un margine lordo migliorato del 35%, in aumento rispetto al 29% del 2023. La posizione finanziaria dell'azienda mostra disponibilità liquide per 412.449 dollari e crediti verso clienti per 366.689 dollari. Un sviluppo notevole è la quasi completamento di una nuova struttura di oltre 100.000 piedi quadrati, valutata 13 milioni di dollari, con un terreno adiacente valutato 3,7 milioni di dollari. La struttura dovrebbe aprire nell'estate del 2025, aumentando la capacità produttiva fino a cinque volte.
ADM Endeavors (OTCQB: ADMQ) ha reportado resultados financieros sólidos para el año fiscal 2024, con un aumento del ingreso total del 11% a 5.76 millones de dólares. La compañía logró un crecimiento significativo en el ingreso neto, que subió un 136% a 324,311 dólares. El desglose del rendimiento financiero muestra ventas de uniformes escolares por 1.56 millones de dólares y ventas promocionales por 4.21 millones de dólares.
Los puntos destacados incluyen un margen bruto mejorado del 35%, en comparación con el 29% en 2023. La posición financiera de la empresa muestra efectivo de 412,449 dólares y cuentas por cobrar de 366,689 dólares. Un desarrollo notable es la casi finalización de una nueva instalación de más de 100,000 pies cuadrados, tasada en 13 millones de dólares, con terreno adyacente valorado en 3.7 millones de dólares. Se espera que la instalación abra en el verano de 2025, aumentando la capacidad de producción hasta cinco veces.
ADM Endeavors (OTCQB: ADMQ)는 2024 회계연도에 대한 강력한 재무 결과를 보고했으며, 총 수익이 11% 증가하여 576만 달러에 달했습니다. 회사는 순이익이 136% 증가하여 324,311달러에 도달하는 중요한 성장을 이루었습니다. 재무 성과 분석에 따르면 학교 유니폼 판매는 156만 달러, 프로모션 판매는 421만 달러입니다.
주요 하이라이트로는 2023년 29%에서 증가한 35%의 개선된 총 마진이 있습니다. 회사의 재무 상태는 412,449달러의 현금 보유와 366,689달러의 매출채권을 보여줍니다. 주목할 만한 발전은 13백만 달러로 평가된 10만 평방피트 이상의 새로운 시설이 거의 완공되었으며, 인근 토지는 370만 달러로 평가됩니다. 이 시설은 2025년 여름에 개장할 예정이며, 생산 능력을 최대 5배까지 증가시킬 것입니다.
ADM Endeavors (OTCQB: ADMQ) a rapporté de solides résultats financiers pour l'exercice 2024, avec un chiffre d'affaires total en hausse de 11 % à 5,76 millions de dollars. L'entreprise a connu une croissance significative de son bénéfice net, qui a augmenté de 136 % pour atteindre 324 311 dollars. La répartition des performances financières montre des ventes d'uniformes scolaires de 1,56 million de dollars et des ventes promotionnelles de 4,21 millions de dollars.
Parmi les points forts, on note une marge brute améliorée de 35 %, contre 29 % en 2023. La situation financière de l'entreprise montre des liquidités de 412 449 dollars et des créances clients de 366 689 dollars. Un développement notable est la quasi-complétion d'une nouvelle installation de plus de 100 000 pieds carrés, évaluée à 13 millions de dollars, avec un terrain adjacent évalué à 3,7 millions de dollars. L'installation devrait ouvrir à l'été 2025, augmentant la capacité de production jusqu'à cinq fois.
ADM Endeavors (OTCQB: ADMQ) hat für das Geschäftsjahr 2024 starke finanzielle Ergebnisse gemeldet, mit einem Anstieg des Gesamtumsatzes um 11% auf 5,76 Millionen Dollar. Das Unternehmen erzielte ein signifikantes Wachstum des Nettogewinns, der um 136% auf 324.311 Dollar stieg. Die Aufschlüsselung der finanziellen Leistung zeigt Schuluniformverkäufe von 1,56 Millionen Dollar und Werbeverkäufe von 4,21 Millionen Dollar.
Wichtige Höhepunkte sind eine verbesserte Bruttomarge von 35%, gegenüber 29% im Jahr 2023. Die finanzielle Lage des Unternehmens zeigt Bargeldbestände von 412.449 Dollar und Forderungen aus Lieferungen und Leistungen von 366.689 Dollar. Eine bemerkenswerte Entwicklung ist der nahezu Abschluss einer neuen Anlage mit über 100.000 Quadratfuß, die auf 13 Millionen Dollar geschätzt wird, mit angrenzendem Land, das auf 3,7 Millionen Dollar bewertet wird. Die Anlage soll im Sommer 2025 eröffnet werden und die Produktionskapazität um bis zu das Fünffache erhöhen.
- Revenue growth of 11% to $5.76 million
- Net income surge of 136% to $324,311
- Gross margin expansion from 29% to 35%
- New $13 million facility to increase production capacity 5x
- Strong cash position of $412,449
- Significant capital investment in new facility may impact short-term liquidity
- Heavy reliance on government sector for revenue growth
Full Year Revenues Increased
Net Income Increased
New Facility in Final Stages of Construction Appraised at
Fort Worth, Texas--(Newsfile Corp. - April 1, 2025) - Just Right Products Inc., the wholly owned subsidiary of ADM Endeavors (OTCQB: ADMQ) ("ADM" or the "Company"), announces its financial results for the 12-months ended December 31, 2024. Unless otherwise stated, all dollar amounts are in U.S. dollars.
The Company's Annual Report (Form 10-K) can be found on the United States Securities and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System (EDGAR), which can be accessed at www.sec.gov.
Financial Highlights for the year ending December 31, 2024
- Total Revenue of
$5,760,459 , an11% increase over$5,188,930 in 2023 - School Uniform Sales of
$1,555,366 , compared with$1,402,784 in 2023 - Promotional Sales of
$4,205,093 , compared with$3,786,146 in 2023 - Gross Margin of
35% , an increase over29% in 2023 - Net Income of
$324,311 , a136% increase over$137,468 - At December 31, 2024, the Company had cash of
$412,449 and accounts receivable of$366,689
"Our year-end performance reflects the success of our strategic pivot toward the government sector, which was the primary driver of our revenue growth. Gross margins also expanded by 600 basis points to
"An appraisal in October 2024 valued our new facility at
About ADM Endeavors
ADM Endeavors is a diversified, direct marketing and value-added manufacturing company providing customers with customized promotional products and wearables. Since 2010, our wholly owned subsidiary, Just Right Products, Inc., has been consistently increasing our recession resistant customer base, with sales topping over
- https://admendeavors.com/
- https://www.fwpromo.com/
- https://fortworth.academicoutfitters.com/
- https://www.facebook.com/groups/admqshareholders/
Forward Looking Statement
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Any statements that are not historical facts contained in this press release are "forward-looking statements" that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Words such as "strategy," "expects," "continues," "plans," "anticipates," "believes," "would," "will," "estimates," "intends," "projects," "goals," "targets" and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions or economic conditions with respect to the retail industry, the COVID-19 pandemic, the performance of management, actions of government regulators, vendors, and suppliers, our cash flows and ability to obtain financing, competition, general economic conditions and other factors that are detailed in our filings with the Securities and Exchange Commission. We intend that all forward-looking statements be subject to the safe -harbor provisions. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For further information about ADM Endeavors, please contact:
Marc Johnson, CEO
Phone: 817.231.8048
E-mail: info@admendeavors.com
For investor information for ADM Endeavors, please contact:
Sean Peasgood, Investor Relations
Phone: 647.255.7570
E-mail: sean@sophiccapital.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246862
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