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AmeraMex International Reports Revenue of $13.4 Million for the Year Ended December 31, 2023

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AmeraMex International reported revenue of $13.4 million for the year ended December 31, 2023, with a gross profit of $2.1 million. However, the company experienced a net loss of ($764,741) compared to a net income of $1.0 million in 2022. Total assets increased to $18.2 million, but current liabilities also rose to $14.6 million. AmeraMex International specializes in heavy equipment for various industries and will soon release details about its 2023 conference call.
AmeraMex International ha riportato un fatturato di 13,4 milioni di dollari per l'anno conclusosi il 31 dicembre 2023, con un utile lordo di 2,1 milioni di dollari. Tuttavia, la società ha registrato una perdita netta di (764.741 dollari) rispetto a un utile netto di 1,0 milioni di dollari nel 2022. Gli attivi totali sono aumentati a 18,2 milioni di dollari, ma anche le passività correnti sono cresciute fino a 14,6 milioni di dollari. AmeraMex International è specializzata in attrezzature pesanti per varie industrie e a breve rilascerà dettagli sulla conferenza del 2023.
AmeraMex International reportó ingresos por 13.4 millones de dólares para el año que terminó el 31 de diciembre de 2023, con una ganancia bruta de 2.1 millones de dólares. Sin embargo, la compañía experimentó una pérdida neta de (764,741 dólares) en comparación con una ganancia neta de 1.0 millones de dólares en 2022. El total de activos aumentó a 18.2 millones de dólares, pero las obligaciones corrientes también aumentaron a 14.6 millones de dólares. AmeraMex International se especializa en equipos pesados para diversas industrias y pronto dará detalles sobre su llamada de conferencia de 2023.
AmeraMex International은 2023년 12월 31일로 끝나는 해에 1,340만 달러의 매출을 보고했으며, 총 이익은 210만 달러였습니다. 그러나 회사는 2022년에 100만 달러의 순이익을 기록한 것과 대조적으로 (764,741 달러)의 순손실을 경험했습니다. 총자산은 1,820만 달러로 증가했지만, 유동부채도 1,460만 달러로 증가했습니다. AmeraMex International은 다양한 산업 분야의 중장비를 전문으로 하며 곧 2023년 컨퍼런스 콜에 대한 세부 정보를 발표할 예정입니다.
AmeraMex International a déclaré un chiffre d'affaires de 13,4 millions de dollars pour l'année se terminant le 31 décembre 2023, avec un bénéfice brut de 2,1 millions de dollars. Cependant, l'entreprise a subi une perte nette de (764 741 dollars) par rapport à un bénéfice net de 1,0 million de dollars en 2022. L'actif total a augmenté à 18,2 millions de dollars, mais les passifs courants ont également augmenté à 14,6 millions de dollars. AmeraMex International se spécialise dans l'équipement lourd pour diverses industries et publiera bientôt des détails sur sa conférence téléphonique de 2023.
AmeraMex International meldete für das am 31. Dezember 2023 endende Jahr einen Umsatz von 13,4 Millionen Dollar mit einem Bruttogewinn von 2,1 Millionen Dollar. Allerdings verzeichnete das Unternehmen einen Nettoverlust von (764.741 Dollar) im Vergleich zu einem Nettogewinn von 1,0 Millionen Dollar im Jahr 2022. Die Gesamtaktiva stiegen auf 18,2 Millionen Dollar, doch stiegen auch die kurzfristigen Verbindlichkeiten auf 14,6 Millionen Dollar. AmeraMex International ist auf Schwermaschinen für verschiedene Branchen spezialisiert und wird bald Einzelheiten zu seinem Konferenzgespräch 2023 bekannt geben.
Positive
  • AmeraMex International reported a revenue of $13.4 million for the year ended December 31, 2023.
  • The company's gross profit for the year was $2.1 million.
  • Net loss for the year was ($764,741) compared to a net income of $1.0 million in 2022.
  • Total assets increased to $18.2 million, while current liabilities rose to $14.6 million.
  • AmeraMex International specializes in providing heavy equipment for construction, logistics, mining, and lumber industries.
  • Details about the 2023 conference call will be released shortly by the company.
Negative
  • The company experienced a decrease in revenue compared to the previous year.
  • Gross profit as a percentage of revenue decreased from 23% in 2022 to 16% in 2023.
  • The net loss of ($764,741) indicates a significant decline in profitability compared to the previous year.
  • Current liabilities increased to $14.6 million, which may raise concerns about the company's financial health.
  • The increase in net inventory and deferred revenue could indicate potential challenges in managing working capital.

Chico, California--(Newsfile Corp. - April 18, 2024) - 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, 2023.

Statement of Operations for the Year Ended December 31, 2023

The company reported revenue of approximately $13.4 million, compared to revenue of approximately $19.3 million for the year ended December 31, 2022.

Gross profit for the year was $2.1 million, compared to gross profit of $4.7 million for the 2022 year-end.

Gross profit as a percentage of revenue was 16 percent for the year compared to gross profit, as a percentage of revenue, of 23 percent for the 2022 year-end.

Net loss for the year was ($764,741) compared to net income of $1.0 million for the comparable 2022 year-end. Loss per share was ($0.05) compared to earnings per share of $0.06.

Balance Sheet for the Year Ended December 31, 2023
Total Assets for the year were $18.2 million compared to $13.3 million for the year ended December 31, 2022. This increase is due in part to an increase of $5.1 million in Net Inventory. Current Liabilities for the year were $14.6 million compared to $8.5 million for the year ended December 31, 2022. This increase is due in part to the Deferred Revenue of $2.1 million and an increase in the Company's line of credit of $4.6 million.

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 shortly.

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

AMERAMEX INTERNATIONAL, INC.
UNAUDITED STATEMENTS OF OPERATIONS
   
     DECEMBER 31, 2023  DECEMBER 31, 2022  
               
               
REVENUES           
   Sales of Equipment and Other Revenues $11,918,754    $ 18,203,837  
   Rentals and Leases 1,464,745      1,105,487  
   Total Sales 13,383,499      19,309,324  
               
COST OF SALES           
   Sales of Equipment and Other Revenues 10,858,263      14,089,734  
   Rentals and Leases 438,056      522,590  
    Total Cost of Sales 11,296,319      14,612,324  
               
GROSS PROFIT 2,087,180      4,697,000  
               
OPERATING EXPENSES           
   Selling Expense 689,636      1,492,744  
   General and Administrative 2,153,823      1,338,818  
    Total Operating Expenses 2,843,459      2,831,562  
               
   Profit From Operations (756,279 )    1,865,438  
               
OTHER INCOME (EXPENSE)           
   Interest Expense, net 541,218      561,091  
   Loss from Early Extinguishment of Debt -      95,544  
   Other Income (Expense) (102,589 )    (186,992 )
    Total Other Income (Expense) 438,629      469,643  
               
INCOME BEFORE PROVISION for INCOME TAXES (1,194,908 )    1,395,795  
               
PROVISION for INCOME TAXES 430,167      433,638  
               
NET INCOME $(764,741 )   $  962,157  
               
Weighted Average Shares Outstanding:           
   Basic 14,829,155      14,829,155  
   Diluted 14,829,155      14,829,155  
               
Earnings (loss) per Share           
   Basic $-0.05    $ 0.06  
   Diluted $-0.05    $ 0.06  

 

AMERAMEX INTERNATIONAL, INC.
UNAUDITED BALANCE SHEETS
              
        DECEMBER 31, 2023    DECEMBER 31, 2022
ASSETS         
Current Assets:         
    Cash $ 588,128  $ 1,032,209
    Accounts Receivable, Net   1,289,389    1,080,739
    Inventory, Net   11,359,158    6,275,823
    Other Current Assets   324,134    318,807
     Total Current Assets   13,560,809    8,707,578
              
    Property and Equipment, Net   1,702,163    1,047,602
    Rental Equipment, Net   1,063,464    1,078,470
    Lease Right of Use Asset - Operating   703,802    788,733
    Lease Right of Use Asset - Financing   905,782    1,297,023
    Deferred Tax Asset   56,219    -
    Other Assets   207,172    374,123
    Total Other Assets   4,638,602    4,585,951
    TOTAL ASSETS $ 18,199,411  $ 13,293,529
              
LIABILITIES & STOCKHOLDERS' EQUITY         
Current Liabilities:         
    Accounts Payable $ 2,213,722  $ 1,199,805
    Accrued Expenses   348,415    446,849
    Deferred Revenue   2,136,400    -
    Joint Venture Liability   105,000    227,503
    Lines of Credit   5,891,119    1,327,715
    Notes Payable, Current Portion   1,273,310    1,196,205
    Lease Liability - Operating   129,081    129,081
    Lease Liability - Financing   188,121    188,121
     Total Current Liabilities   12,285,168    4,715,279
              
Long-Term Liabilities         
    Deferred Tax Liabilities, Net   -    78,120
    Notes Payable, Net of Current Portion   713,391    1,912,666
    Lease Liability - Operating, Net of Current Portion   { "@context": "https://schema.org", "@type": "FAQPage", "name": "AmeraMex International Reports Revenue of $13.4 Million for the Year Ended December 31, 2023 FAQs", "mainEntity": [ { "@type": "Question", "name": "What was AmeraMex International's revenue for the year ended December 31, 2023?", "acceptedAnswer": { "@type": "Answer", "text": "AmeraMex International reported revenue of $13.4 million for the year ended December 31, 2023." } }, { "@type": "Question", "name": "What was AmeraMex International's net loss for the year ended December 31, 2023?", "acceptedAnswer": { "@type": "Answer", "text": "AmeraMex International experienced a net loss of ($764,741) for the year ended December 31, 2023." } }, { "@type": "Question", "name": "What are AmeraMex International's total assets for the year ended December 31, 2023?", "acceptedAnswer": { "@type": "Answer", "text": "AmeraMex International's total assets for the year ended December 31, 2023, were $18.2 million." } }, { "@type": "Question", "name": "What does AmeraMex International specialize in?", "acceptedAnswer": { "@type": "Answer", "text": "AmeraMex International specializes in providing heavy equipment for construction, logistics, mining, and lumber industries." } }, { "@type": "Question", "name": "When will AmeraMex International release details about its 2023 conference call?", "acceptedAnswer": { "@type": "Answer", "text": "AmeraMex International will release details about its 2023 conference call shortly." } } ] }

FAQ

What was AmeraMex International's revenue for the year ended December 31, 2023?

AmeraMex International reported revenue of $13.4 million for the year ended December 31, 2023.

What was AmeraMex International's net loss for the year ended December 31, 2023?

AmeraMex International experienced a net loss of ($764,741) for the year ended December 31, 2023.

What are AmeraMex International's total assets for the year ended December 31, 2023?

AmeraMex International's total assets for the year ended December 31, 2023, were $18.2 million.

What does AmeraMex International specialize in?

AmeraMex International specializes in providing heavy equipment for construction, logistics, mining, and lumber industries.

When will AmeraMex International release details about its 2023 conference call?

AmeraMex International will release details about its 2023 conference call shortly.

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