AmeraMex International Reports Revenue of $14.9 Million for the Year Ended December 31, 2024
AmeraMex International (OTC Pink: AMMX) reported its financial results for the year ended December 31, 2024. Revenue increased to $14.9 million from $13.4 million in 2023. However, gross profit declined to $1.2 million (8% margin) compared to $2.1 million (16% margin) in 2023.
The company recorded a net loss of $1.2 million ($0.08 per share) versus a net loss of $1.4 million ($0.10 per share) in 2023. Total assets were $17.5 million, down from $17.8 million, while total liabilities increased to $15.2 million from $14.4 million year-over-year.
Notable changes include a significant increase in rental equipment net value to $5.4 million from $1.1 million, and a decrease in cash position to $84,929 from $588,128. Interest expenses nearly doubled to $1.2 million from $624,940 in the previous year.
AmeraMex International (OTC Pink: AMMX) ha comunicato i risultati finanziari per l'anno chiuso al 31 dicembre 2024. I ricavi sono aumentati a 14,9 milioni di dollari rispetto ai 13,4 milioni del 2023. Tuttavia, il profitto lordo è diminuito a 1,2 milioni di dollari (margine dell'8%) rispetto ai 2,1 milioni (margine del 16%) del 2023.
L'azienda ha registrato una perdita netta di 1,2 milioni di dollari (0,08 dollari per azione) contro una perdita netta di 1,4 milioni (0,10 dollari per azione) nel 2023. Gli attivi totali ammontavano a 17,5 milioni di dollari, in calo rispetto a 17,8 milioni, mentre le passività totali sono aumentate a 15,2 milioni da 14,4 milioni anno su anno.
Tra i cambiamenti più rilevanti si evidenzia un aumento significativo del valore netto delle attrezzature in affitto, salito a 5,4 milioni da 1,1 milioni, e una diminuzione della liquidità a 84.929 dollari da 588.128. Le spese per interessi sono quasi raddoppiate, passando da 624.940 a 1,2 milioni di dollari rispetto all'anno precedente.
AmeraMex International (OTC Pink: AMMX) informó sus resultados financieros para el año terminado el 31 de diciembre de 2024. Los ingresos aumentaron a 14,9 millones de dólares desde 13,4 millones en 2023. Sin embargo, la ganancia bruta disminuyó a 1,2 millones de dólares (margen del 8%) comparado con 2,1 millones (margen del 16%) en 2023.
La compañía registró una pérdida neta de 1,2 millones de dólares (0,08 dólares por acción) frente a una pérdida neta de 1,4 millones (0,10 dólares por acción) en 2023. Los activos totales fueron de 17,5 millones, por debajo de 17,8 millones, mientras que los pasivos totales aumentaron a 15,2 millones desde 14,4 millones año tras año.
Los cambios notables incluyen un aumento significativo en el valor neto del equipo de alquiler a 5,4 millones desde 1,1 millones, y una disminución en la posición de efectivo a 84,929 desde 588,128. Los gastos por intereses casi se duplicaron a 1,2 millones desde 624,940 en el año anterior.
AmeraMex International(OTC Pink: AMMX)는 2024년 12월 31일 종료된 회계연도 재무 결과를 발표했습니다. 매출은 2023년 1,340만 달러에서 1,490만 달러로 증가했습니다. 그러나 총이익은 2023년 210만 달러(16% 마진)에서 120만 달러(8% 마진)로 감소했습니다.
회사는 2023년 140만 달러(주당 0.10달러) 순손실에 비해 120만 달러(주당 0.08달러)의 순손실을 기록했습니다. 총자산은 1,780만 달러에서 1,750만 달러로 감소했으며, 총부채는 전년 대비 1,440만 달러에서 1,520만 달러로 증가했습니다.
주요 변화로는 임대 장비 순가치가 110만 달러에서 540만 달러로 크게 증가한 반면, 현금 보유액은 588,128달러에서 84,929달러로 감소했습니다. 이자 비용은 전년 624,940달러에서 거의 두 배인 1,200,000달러로 증가했습니다.
AmeraMex International (OTC Pink : AMMX) a publié ses résultats financiers pour l'exercice clos le 31 décembre 2024. Le chiffre d'affaires a augmenté pour atteindre 14,9 millions de dollars contre 13,4 millions en 2023. Cependant, la marge brute a diminué à 1,2 million de dollars (marge de 8 %) contre 2,1 millions (marge de 16 %) en 2023.
La société a enregistré une perte nette de 1,2 million de dollars (0,08 dollar par action) contre une perte nette de 1,4 million (0,10 dollar par action) en 2023. L'actif total s'élevait à 17,5 millions, en baisse par rapport à 17,8 millions, tandis que le passif total a augmenté à 15,2 millions contre 14,4 millions d'une année sur l'autre.
Parmi les changements notables, on note une augmentation significative de la valeur nette des équipements loués à 5,4 millions contre 1,1 million, ainsi qu'une baisse de la trésorerie à 84 929 contre 588 128. Les charges d'intérêts ont presque doublé, passant de 624 940 à 1,2 million par rapport à l'année précédente.
AmeraMex International (OTC Pink: AMMX) meldete die Finanzergebnisse für das zum 31. Dezember 2024 endende Jahr. Der Umsatz stieg auf 14,9 Millionen US-Dollar von 13,4 Millionen im Jahr 2023. Allerdings ging der Bruttogewinn auf 1,2 Millionen US-Dollar (8 % Marge) zurück, verglichen mit 2,1 Millionen (16 % Marge) im Jahr 2023.
Das Unternehmen verzeichnete einen Nettoverlust von 1,2 Millionen US-Dollar (0,08 US-Dollar pro Aktie) gegenüber einem Nettoverlust von 1,4 Millionen (0,10 US-Dollar pro Aktie) im Jahr 2023. Die Gesamtvermögenswerte beliefen sich auf 17,5 Millionen US-Dollar, ein Rückgang von 17,8 Millionen, während die Gesamtverbindlichkeiten von 14,4 Millionen auf 15,2 Millionen US-Dollar stiegen.
Bemerkenswerte Veränderungen umfassen einen deutlichen Anstieg des Nettowerts der Mietgeräte auf 5,4 Millionen von 1,1 Millionen sowie einen Rückgang der Zahlungsmittelbestände auf 84.929 von 588.128 US-Dollar. Die Zinsaufwendungen verdoppelten sich nahezu von 624.940 auf 1,2 Millionen US-Dollar im Vergleich zum Vorjahr.
- Revenue increased 11.9% to $14.9 million
- Net loss improved to $1.2 million from $1.4 million
- Rental equipment value increased significantly to $5.4 million from $1.1 million
- Loss per share improved to $0.08 from $0.10
- Gross profit declined 40.6% to $1.2 million
- Gross profit margin dropped to 8% from 16%
- Interest expenses nearly doubled to $1.2 million
- Cash position decreased 85.6% to $84,929
- Total liabilities increased to $15.2 million from $14.4 million
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
Gross profit for the year was
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 (
Balance Sheet for the Year Ended December 31, 2024
Total Assets for the year were
Total Liabilities for the year were
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, | - | - | |||||||||
| shares issued and outstanding | |||||||||||
| Common Stock, | 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 | - | - | - | |||||||||||
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249749
FAQ
What was AMMX's revenue growth in 2024 compared to 2023?
How much did AMMX's gross profit margin decline in 2024?
What was the change in AMMX's rental equipment value for 2024?
How much did AMMX's interest expenses increase in 2024?
