TX Rail Products, Inc. Reports Revenue Increase of 31% for First Quarter of Fiscal 2025
TX Rail Products (TXRP) reported strong financial results for Q1 FY2025, with revenue increasing 31.1% to $2.1 million compared to $1.6 million in the same period last year. The company's net income grew 73.4% to $178,000, up from $102,000 in Q1 FY2024.
Gross profit margin improved from 20.4% to 21.9% due to product mix. Operating expenses increased 28.2% to $277,000. Cash and cash equivalents stood at $260,000 as of December 31, 2024, with positive operating cash flow of $138,000. The company secured a $45,000 line of credit for operations.
Inventory levels increased 29.2% to $3.7 million due to higher product demand, while accounts receivable decreased 41.4% to $375,000. Management reports adding multiple new customers and expects favorable geopolitical conditions to continue supporting growth in their established markets.
TX Rail Products (TXRP) ha riportato risultati finanziari solidi per il primo trimestre dell'anno fiscale 2025, con un fatturato in crescita del 31,1% a 2,1 milioni di dollari rispetto a 1,6 milioni di dollari nello stesso periodo dell'anno scorso. Il reddito netto dell'azienda è cresciuto del 73,4% a 178.000 dollari, in aumento rispetto a 102.000 dollari nel primo trimestre dell'anno fiscale 2024.
Il margine di profitto lordo è migliorato dal 20,4% al 21,9% grazie alla diversificazione della gamma di prodotti. Le spese operative sono aumentate del 28,2% a 277.000 dollari. Il liquidità e gli equivalenti di liquidità ammontavano a 260.000 dollari al 31 dicembre 2024, con un flusso di cassa operativo positivo di 138.000 dollari. L'azienda ha ottenuto una linea di credito di 45.000 dollari per le operazioni.
I livelli di inventario sono aumentati del 29,2% a 3,7 milioni di dollari a causa della maggiore domanda di prodotti, mentre i crediti verso clienti sono diminuiti del 41,4% a 375.000 dollari. La direzione riporta di aver acquisito diversi nuovi clienti e si aspetta che le condizioni geopolitiche favorevoli continuino a supportare la crescita nei loro mercati consolidati.
TX Rail Products (TXRP) reportó resultados financieros sólidos para el primer trimestre del año fiscal 2025, con un aumento del 31,1% en ingresos, alcanzando 2,1 millones de dólares en comparación con 1,6 millones de dólares en el mismo periodo del año anterior. La renta neta de la compañía creció un 73,4% a 178.000 dólares, subiendo desde 102.000 dólares en el primer trimestre del año fiscal 2024.
El margen de beneficio bruto mejoró del 20,4% al 21,9% debido a la mezcla de productos. Los gastos operativos aumentaron un 28,2% a 277.000 dólares. El efectivo y equivalentes de efectivo se situaron en 260.000 dólares al 31 de diciembre de 2024, con un flujo de efectivo operativo positivo de 138.000 dólares. La empresa aseguró una línea de crédito de 45.000 dólares para operaciones.
Los niveles de inventario aumentaron un 29,2% a 3,7 millones de dólares debido a una mayor demanda de productos, mientras que las cuentas por cobrar disminuyeron un 41,4% a 375.000 dólares. La dirección informa que ha incorporado varios nuevos clientes y espera que las condiciones geopolíticas favorables continúen apoyando el crecimiento en sus mercados establecidos.
TX Rail Products (TXRP)는 2025 회계연도 1분기 강력한 재무 실적을 보고했으며, 수익이 지난해 같은 기간 160만 달러에서 210만 달러로 31.1% 증가했습니다. 회사의 순이익은 102,000달러에서 178,000달러로 73.4% 증가했습니다.
총 이익률은 제품 믹스 덕분에 20.4%에서 21.9%로 개선되었습니다. 운영 비용은 28.2% 증가하여 277,000달러에 달했습니다. 2024년 12월 31일 현재 현금 및 현금성 자산은 260,000달러였고, 운영 현금 흐름은 138,000달러의 긍정적인 수치를 기록했습니다. 회사는 운영을 위한 45,000달러의 신용 한도를 확보했습니다.
재고 수준은 제품 수요 증가로 인해 37만 달러에서 370만 달러로 29.2% 증가했으며, 외상 매출금은 375,000달러로 41.4% 감소했습니다. 경영진은 여러 신규 고객을 추가했다고 보고하며, 우호적인 지정학적 여건이 자사에서 확립한 시장의 성장을 지원할 것으로 기대하고 있습니다.
TX Rail Products (TXRP) a annoncé de bons résultats financiers pour le premier trimestre de l'exercice 2025, avec un chiffre d'affaires en hausse de 31,1 %, atteignant 2,1 millions de dollars contre 1,6 million de dollars au cours de la même période l'année dernière. Le bénéfice net de l'entreprise a augmenté de 73,4 % pour atteindre 178 000 dollars, contre 102 000 dollars au premier trimestre de l'exercice 2024.
La marge brute a progressé de 20,4 % à 21,9 % grâce au mix produit. Les dépenses d'exploitation ont augmenté de 28,2 % pour atteindre 277 000 dollars. La liquidité et les équivalents de liquidité s'élevaient à 260 000 dollars au 31 décembre 2024, avec un flux de trésorerie d'exploitation positif de 138 000 dollars. L'entreprise a sécurisé une ligne de crédit de 45 000 dollars pour ses opérations.
Les niveaux de stock ont augmenté de 29,2 % pour atteindre 3,7 millions de dollars en raison d'une demande de produit plus élevée, tandis que les créances clients ont diminué de 41,4 % pour s'établir à 375 000 dollars. La direction informe avoir ajouté de nombreux nouveaux clients et s'attend à ce que des conditions géopolitiques favorables continuent de soutenir la croissance sur leurs marchés établis.
TX Rail Products (TXRP) hat für das erste Quartal des Geschäftsjahres 2025 starke finanzielle Ergebnisse berichtet, mit einem Umsatzanstieg von 31,1 % auf 2,1 Millionen Dollar im Vergleich zu 1,6 Millionen Dollar im gleichen Zeitraum des Vorjahres. Der Nettogewinn des Unternehmens wuchs um 73,4 % auf 178.000 Dollar, was einem Anstieg von 102.000 Dollar im ersten Quartal des Geschäftsjahres 2024 entspricht.
Die Bruttogewinnmarge verbesserte sich von 20,4 % auf 21,9 % aufgrund des Produktmixes. Die Betriebsausgaben stiegen um 28,2 % auf 277.000 Dollar. Liquide Mittel und Zahlungsmitteläquivalente beliefen sich am 31. Dezember 2024 auf 260.000 Dollar, mit einem positiven operativen Cashflow von 138.000 Dollar. Das Unternehmen sicherte sich eine Kreditlinie von 45.000 Dollar für den Betrieb.
Die Lagerbestände stiegen um 29,2 % auf 3,7 Millionen Dollar aufgrund höherer Produktnachfrage, während die Forderungen aus Lieferungen und Leistungen um 41,4 % auf 375.000 Dollar sanken. Das Management berichtet von der Akquisition mehrerer neuer Kunden und erwartet, dass die günstigen geopolitischen Bedingungen das Wachstum in ihren etablierten Märkten weiterhin unterstützen werden.
- Revenue increased 31.1% YoY to $2.1 million
- Net income grew 73.4% YoY to $178,000
- Gross profit margin improved from 20.4% to 21.9%
- Generated positive operating cash flow of $138,000
- Accounts receivable decreased 41.4% indicating improved collections
- Operating expenses increased 28.2% YoY to $277,000
- Required additional debt through $45,000 line of credit
- Inventory levels increased 29.2%, potentially tying up working capital
Net income up
ASHLAND, Ky., Feb. 03, 2025 (GLOBE NEWSWIRE) -- TX Rail Products, Inc. (OTC Markets PINK: TXRP), a supplier of rail and rail products to the U.S. coal mining industry, short line railroads and tunneling contractors, today announced financial results for the first quarter of fiscal year 2025.
Mr. Shrewsbury, CEO and Chairman of TX Rail Products, Inc., commented, "We delivered a
First Quarter Fiscal Year 2025 Financial Summary
Revenue for the first fiscal quarter ended December 31, 2024, was
Cost of goods sold was
Gross profit for the first fiscal quarter ended December 31, 2024 increased as a percentage of revenue from
Operating expenses for the first fiscal quarter ended December 31, 2024, were
Other income for the first fiscal quarter ended December 31, 2024, was
Net income for the current first fiscal quarter was
On December 31,2024, cash and cash equivalents were
Net cash used in investing activities was
Accounts receivable was
Inventory was
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA) and other applicable law. When used, the words "believe", "anticipate", "estimate", "project", "should", "expect", "plan", "assume" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Forward-looking statements are based on the Company's current assumptions regarding future business and financial performance. Forward-looking statements concerning future plans or results are necessarily only estimates and actual results could differ materially from expectations. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the following: our ability to implement our business strategy; our financial strategy; a downturn in economic environment; our failure to meet growth and productivity objectives; a failure of our innovation initiatives; risks from investing in growth opportunities; fluctuations in financial results and purchases; the impact of local legal, economic, political and health conditions; adverse effects from environmental matters and tax matters; ineffective internal controls; our use of accounting estimates; our ability to attract and retain key personnel and our reliance on critical skills; impact of relationships with critical suppliers; currency fluctuations and customer financing risks; the impact of changes in market liquidity conditions and customer credit risk on receivables; our reliance on third party distribution channels; Securities and Exchange Commission regulations related to trading in "penny stocks;" the continued availability of certain financing provided by our CEO; and other risks, uncertainties and factors or in materials incorporated therein by reference. Any forward-looking statement in this release speaks only as of the date on which it is made. We assume no obligation to update or revise any forward-looking statement. Notwithstanding the above, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1933, as amended, expressly state that the safe harbor for forward looking statements does not apply to companies that issue penny stocks. Because we may from time to time be considered to be an issuer of penny stock, the safe harbor for forward looking statements under the PSLRA may not be applied to us at certain times.
Contacts
Investor Relations:
Brett Maas
Hayden IR
txrp@haydenir.com
646-536-7331
William “Buck” Shrewsbury
Chairman and CEO TX Rail Products, Inc.
(606) 928-3131
| TX RAIL PRODUCTS, INC. | |||||||
| BALANCE SHEETS | |||||||
| December 31, 2024 and September 30, 2024 | |||||||
| Unaudited | Audited | ||||||
| December 31, | September 30, | ||||||
| 2024 | 2024 | ||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 259,504 | $ | 113,976 | |||
| Accounts receivable, net of allowance for doubtful accounts of | |||||||
| at December 31, 2024 and September 30,2024 | 375,292 | 640,511 | |||||
| Deposits on purchased products | _ | 91,702 | |||||
| Inventory | 3,678,293 | 2,847,149 | |||||
| Other current assets | 25,999 | 48,924 | |||||
| Total current assets | 4,339,088 | 3,742,262 | |||||
| Property and equipment, net (Note 2) | 352,680 | 365,019 | |||||
| Total Assets | $ | 4,691,768 | $ | 4,107,281 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
| Current liabilities: | |||||||
| Accrued expenses, primarily to officers (Note 5) | $ | 90,410 | $ | 100,411 | |||
| Accounts payable | 482,135 | 60,148 | |||||
| Accrued interest to officer | 559,726 | 559,726 | |||||
| Advances from officer (Note 5) | 64,587 | 101,587 | |||||
| Stockholder/officers advances for operations-warehouse rent | 234,000 | 228,000 | |||||
| Other current liability | 178,487 | 197,281 | |||||
| Total current liabilities | 1,609,345 | 1,247,153 | |||||
| Line of Credit (Note 7) | 495,492 | 450,706 | |||||
| Note payable to officer (Note 5) | 2,000,000 | 2,000,000 | |||||
| Total Liabilities | 4,104,837 | 3,697,859 | |||||
| Commitments and contingencies (Note 9) | 0 | 0 | |||||
| Stockholders' equity: | |||||||
| Preferred stock: no par value, 1,000,000 shares authorized | |||||||
| no shares outstanding | _ | _ | |||||
| Common stock: no par value, 250,000,000 shares (Note 8) | |||||||
| authorized, 45,000,000 shares issued and outstanding | |||||||
| at December 31, 2024 and September 30, 2024 | 8,703,344 | 8,703,344 | |||||
| Additional paid-in capital | 4,809,295 | 4,809,295 | |||||
| Accumulated deficit | (12,925,708 | ) | (13,103,217 | ) | |||
| Total stockholders' equity | 586,931 | 409,422 | |||||
| Total Liabilities and Stockholders' Equity | $ | 4,691,768 | $ | 4,107,281 | |||
| The accompanying notes are an integral part of the financial statements. | |||||||
| TX RAIL PRODUCTS, INC. | |||||||||
| STATEMENTS OF OPERATIONS | |||||||||
| For the Three Months Ended December 31, 2024 and 2023 | |||||||||
| (Unaudited) | |||||||||
| December 31, | December 31, | ||||||||
| 2024 | 2023 | ||||||||
| Revenue | $ | 2,076,103 | $ | 1,583,884 | |||||
| Cost of goods sold | (1,622,360 | ) | (1,260,501 | ) | |||||
| Gross profit | 453,743 | 323,383 | |||||||
| Operating expenses, except items shown | |||||||||
| separately below | 135,373 | 81,350 | |||||||
| Salary expense | 78,997 | 68,334 | |||||||
| Commission expense | 41,132 | 61,322 | |||||||
| Professional fees | 9,000 | _ | |||||||
| Depreciation expense | 12,339 | 4,915 | |||||||
| Total operating expenses | 276,841 | 215,921 | |||||||
| Net income/(loss) from operations | 176,902 | 107,462 | |||||||
| Other income and (expense): | |||||||||
| Other income | 1,833 | _ | |||||||
| Interest expense | (1,226 | ) | (5,114 | ) | |||||
| Total other income and (expense), net | 607 | (5,114 | ) | ||||||
| Net income/(loss) | $ | 177,509 | $ | 102,348 | |||||
| Net income/(loss) per common share | |||||||||
| Basic and diluted | $ | 0.00 | $ | 0.00 | |||||
| Weighted average of common shares | |||||||||
| outstanding- | |||||||||
| Basic and diluted | 45,000,000 | 45,209,042 | |||||||
| The accompanying notes are an integral part of the financial statements. | |||||||||
| TX RAIL PRODUCTS, INC. | |||||||||
| STATEMENTS OF CASH FLOWS | |||||||||
| For the Three Months Ended December 31, 2024 and 2023 | |||||||||
| (Unaudited) | |||||||||
| December 31, | December 31, | ||||||||
| 2024 | 2023 | ||||||||
| Cash flows provided by/(used in) operating activities: | |||||||||
| Net income | $ | 177,509 | $ | 102,348 | |||||
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) | |||||||||
| operating activities: | |||||||||
| Depreciation expense | 12,339 | 4,915 | |||||||
| Changes in operating assets and liabilities: | |||||||||
| Accounts receivable, net | 265,219 | 427,532 | |||||||
| Inventory | (831,144 | ) | (370,316 | ) | |||||
| Deposits | 91,702 | _ | |||||||
| Other current assets | 22,925 | (25,041 | ) | ||||||
| Accrued liabilities, primarily to officers (Note 5) | (10,001 | ) | (24,999 | ) | |||||
| Accounts payable | 421,987 | 231,313 | |||||||
| Other current liability | (18,794 | ) | 6,257 | ||||||
| Stockholder/officers advances for operations-warehouse rent (Note 5) | 6,000 | 6,000 | |||||||
| Net cash provided by/(used in) operating activities | 137,742 | 358,009 | |||||||
| Cash flows provided by/(used in) investing activities: | |||||||||
| Net cash provided by/(used in) investing activities | _ | _ | |||||||
| Cash flows provided by/(used in) financing activities: | |||||||||
| Common share repurchase program | _ | (17,000 | ) | ||||||
| Proceeds from Line of Credit | 44,786 | ||||||||
| Repayment of bank term loan | _ | (41,786 | ) | ||||||
| Proceeds from officer advances | 3,800 | _ | |||||||
| Repayment of officer advances | (40,800 | ) | (48,000 | ) | |||||
| Net cash provided by/(used in) financing activities | 7,786 | (106,786 | ) | ||||||
| Increase in cash and cash equivalents | 145,528 | 251,223 | |||||||
| Cash and cash equivalents at beginning of period | 113,976 | 159,088 | |||||||
| Cash and cash equivalents at end of period | $ | 259,504 | $ | 410,311 | |||||
| Supplemental Disclosure of Cash Flow Information | |||||||||
| Cash paid during the period for interest | $ | 1,226 | $ | 5,114 | |||||
| The accompanying notes are an integral part of the financial statements. | |||||||||
FAQ
What was TXRP's revenue growth in Q1 FY2025?
How much did TXRP's net income increase in Q1 FY2025?
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