ADM Endeavors Reports Second Quarter Fiscal 2024 Financial Results
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) ha riportato i risultati finanziari del Q2 2024, mostrando performance miste. I ricavi per il Q2 sono stati di $1,222,600, con un calo del 5% rispetto all'anno precedente ma un miglioramento del 16% rispetto al Q1. Il margine lordo è sceso al 35% dal 38% nel Q2 2023, ma è aumentato rispetto al 32% del Q1 2024. Il reddito operativo è stato di $1,564, in calo rispetto a $87,253 nel Q2 2023, ma in aumento rispetto a una perdita di $59,163 nel Q1 2024. Per il primo semestre del 2024, i ricavi sono aumentati del 18%, arrivando a $2,278,738, con un leggero miglioramento del margine lordo al 33%. L'azienda ha registrato una perdita netta di $63,935 per il H1 2024. Il CEO Marc Johnson ha evidenziato l'acquisizione di nuovi clienti e il rinnovo di contratti, esprimendo fiducia nel futuro slancio delle vendite. La nuova struttura dell'azienda, che aprirà entro la fine di quest'anno, dovrebbe aumentare la capacità produttiva fino a cinque volte.
ADM Endeavors (OTCQB: ADMQ) informó sus resultados financieros del Q2 2024, mostrando un rendimiento mixto. Los ingresos del Q2 fueron de $1,222,600, lo que representa una disminución del 5% en comparación con el año anterior, pero una mejora del 16% en comparación con el Q1. El margen bruto cayó al 35% desde el 38% en el Q2 de 2023, pero aumentó desde el 32% en el Q1 de 2024. El ingreso operativo fue de $1,564, cayendo desde los $87,253 en el Q2 de 2023, pero mejorando desde una pérdida de $59,163 en el Q1 de 2024. Para la primera mitad de 2024, los ingresos aumentaron un 18% a $2,278,738, con una ligera mejora en el margen bruto al 33%. La empresa reportó una pérdida neta de $63,935 para el H1 2024. El CEO Marc Johnson destacó la adquisición de nuevos clientes y la renovación de contratos, expresando confianza en el impulso de ventas futuro. La nueva instalación de la empresa, que se abrirá a finales de este año, se espera que aumente la capacidad de producción hasta cinco veces.
ADM Endeavors (OTCQB: ADMQ)는 2024년 2분기 재무 결과를 발표하며 혼합된 실적을 보였습니다. 2분기 매출은 $1,222,600으로 전년 대비 5% 감소했지만 1분기 대비 16% 증가했습니다. 총 마진은 2023년 2분기 38%에서 35%로 감소하였으나, 2024년 1분기 32%에서 증가했습니다. 영업 이익은 $1,564로, 2023년 2분기의 $87,253에서 감소했지만, 2024년 1분기의 $59,163 손실에서 회복했습니다. 2024년 상반기 동안 매출은 18% 증가하여 $2,278,738에 달했습니다, 총 마진은 33%로 소폭 개선되었습니다. 회사는 2024년 상반기에 $63,935의 순손실을 보고했습니다. CEO 마크 존슨은 새로운 고객 유치 및 계약 갱신을 강조하며 앞으로의 매출 증가에 대한 신뢰를 표현했습니다. 올해 말 개장 예정인 회사의 신규 시설은 생산 능력을 최대 다섯 배로 증가시킬 것으로 예상됩니다.
ADM Endeavors (OTCQB: ADMQ) a publié ses résultats financiers pour le 2ème trimestre 2024, montrant des performances mixtes. Le chiffre d'affaires pour le 2ème trimestre était de 1 222 600 $, soit une diminution de 5 % par rapport à l'année précédente, mais une amélioration de 16 % par rapport au 1er trimestre. La marge brute est tombée à 35 % contre 38 % au 2ème trimestre 2023, mais a augmenté par rapport à 32 % au 1er trimestre 2024. Le résultat d'exploitation était de 1 564 $, en baisse par rapport à 87 253 $ au 2ème trimestre 2023, mais en hausse par rapport à une perte de 59 163 $ au 1er trimestre 2024. Pour le premier semestre 2024, le chiffre d'affaires a augmenté de 18 %, atteignant 2 278 738 $, avec une légère amélioration de la marge brute à 33 %. L'entreprise a déclaré une perte nette de 63 935 $ pour le premier semestre 2024. Le PDG Marc Johnson a souligné l'acquisition de nouveaux clients et le renouvellement de contrats, exprimant sa confiance dans l'élan futur des ventes. La nouvelle installation de l'entreprise, qui doit ouvrir plus tard cette année, devrait augmenter la capacité de production jusqu'à cinq fois.
ADM Endeavors (OTCQB: ADMQ) hat seine Finanzzahlen für das 2. Quartal 2024 veröffentlicht, die gemischte Leistungen zeigen. Die Einnahmen für das 2. Quartal betrugen $1.222.600, was einem Rückgang von 5% im Jahresvergleich, aber einer Verbesserung von 16% im Vergleich zum 1. Quartal entspricht. Die Bruttomarge fiel auf 35% von 38% im 2. Quartal 2023, stieg jedoch gegenüber 32% im 1. Quartal 2024. Der Betriebsgewinn betrug $1.564, ein Rückgang von $87.253 im 2. Quartal 2023, aber eine Verbesserung gegenüber einem Verlust von $59.163 im 1. Quartal 2024. Für die erste Hälfte 2024 stiegen die Einnahmen um 18% auf $2.278.738, mit einer leichten Verbesserung der Bruttomarge auf 33%. Das Unternehmen berichtete von einem Nettverlust von $63.935 für das 1. Halbjahr 2024. CEO Marc Johnson hob die Akquisition neuer Kunden und die Verlängerung von Verträgen hervor und äußerte Vertrauen in die zukünftige Verkaufsdynamik. Das neue Werk des Unternehmens, das später in diesem Jahr eröffnet wird, soll die Produktionskapazität um das Fünffache erhöhen.
- Revenue for H1 2024 increased 18% year-over-year to $2,278,738
- Q2 2024 revenue improved 16% over Q1 2024
- Gross margin for H1 2024 improved to 33% from 32% in H1 2023
- Operating loss for H1 2024 decreased by $22,961 compared to H1 2023
- New facility expected to increase production capacity up to five times
- Q2 2024 revenue decreased 5% year-over-year to $1,222,600
- Q2 2024 gross margin fell to 35% from 38% in Q2 2023
- Q2 2024 operating income decreased by $85,689 compared to Q2 2023
- Net income for Q2 2024 decreased by $117,347 compared to Q2 2023
- H1 2024 resulted in a net loss of $63,935 compared to net income of $6,951 in H1 2023
Q2 Revenues Increased
FORT WORTH, TX, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Just Right Products Inc., the wholly owned subsidiary of ADM Endeavors (“ADM” or the “Company”) (OTCQB: ADMQ), announces its financial results for the three- and 6-months ended June 30, 2024. Unless otherwise stated, all dollar amounts are U.S. dollars.
Financial Highlights
Operating Results for the 3-Months Ended June 30, 2024:
- Revenue was
$1,222,600 , a5% decrease over$1,291,250 reported in Q2 2023 but a16% improvement over the prior quarter’s$1,056,138. - Gross margin of
35% fell from38% in Q2 2023 but increased from the prior quarter’s32% . - Operating income of
$1,564 was$85,689 less than the$87,253 operating income in Q2 2023 but increased$74,227 over the prior quarter’s$59,163 operating loss. - Net income of
$201 decreased$117,347 versus$117,548 in Q2 2023 but increased$64,337 over Q1 2024’s net loss of$64,136. - At June 30, 2024, the Company had cash of
$124,192 , access to a$3,000,000 line of credit, and accounts receivable of$431,252.
Operating Results for the 6-Months Ended June 30, 2024:
- Revenue of
$2,278,738 increased18% over the$1,931,694 reported for the comparable year-ago period. - Gross margin of
33% improved from32% during the first 6-months of 2023. - Operating loss of
$44,099 improved$22,961 over the$67,060 operating loss during the first 6-months of 2023. - Net loss of
$63,935 versus net income of$6,951 during the comparable year-ago period.
Management Commentary
“The second quarter showed continued strength over our first quarter results, as we continue to build upon our strategic government sector pivot,” said ADM Endeavors CEO Marc Johnson. "We added several new customers in the quarter as well as a number of contract renewals, giving us confidence that sales momentum should continue as we head into the strongest part of the year for our business. Construction of our new facility is on track and scheduled to open towards the end of this year, adding up to five times our current production capacity.”
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
- 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
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