Welcome to our dedicated page for Adm Endeavors news (Ticker: ADMQ), a resource for investors and traders seeking the latest updates and insights on Adm Endeavors stock.
ADM Endeavors Inc. (OTCQB: ADMQ) operates as a vertically integrated manufacturer of customized promotional products and wearables, serving clients through its subsidiary Just Right Products, Inc. This page provides investors and stakeholders with a comprehensive repository of official company news, including press releases, strategic updates, and operational developments.
Key resources include earnings announcements, product launch details, manufacturing expansions, and partnership updates. Our curated collection ensures transparent access to ADMQ's milestones in the promotional products sector, from screen printing innovations to uniform production contracts.
Users will find updates on ADM Endeavors' vertically integrated operations—spanning embroidery, digital production, and wholesale sourcing—along with market positioning insights. Bookmark this page for streamlined tracking of the company's progress in serving recession-resistant markets like education and government sectors.
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 (ADMQ) reported Q3 2024 financial results with revenue of $2.17 million, up 12% year-over-year and 77% quarter-over-quarter. The growth was driven by recently acquired brands and increased school uniform sales. Gross margin declined to 26% from 30% in Q3 2023. Net income was $125,809, down from $155,609 in Q3 2023 but up significantly from Q2 2024. Year-to-date revenue reached $4.44 million, a 13% increase. The company's new 100,000 sq. ft. facility under construction was appraised at $13 million, with adjacent land valued at $3.7 million.
ADM Endeavors announces significant developments, including its new 100,000 sq. ft. facility valued at $13 million, set to be operational in Q1 2025. The company aims to capitalize on market opportunities following competitor Dennis Uniforms' exit, potentially doubling or tripling school uniform revenue by 2025 from the $1.4 million generated in 2023. The facility expansion will increase revenue capacity up to five times, while the company strengthens its sales team with industry veteran Ashley Hester to capture market share from approximately 50 schools needing new uniform suppliers in the DFW area.
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) reports new government contracts and a corporate update. The company's subsidiary, Just Right Products Inc., has secured contracts with Tarrant County, Dallas County, City of Euless Fire Department, Upper Trinity Regional Water District, City of Irving Parks and Recreation, and Trinity Basin Preparatory. These wins validate ADM's strategy of targeting local public organizations for long-term, recurring business.
The company's new facility construction is progressing, expected to be operational by end-2024, potentially increasing production capacity by 5x. Based on local real estate comparisons, the new facility and remaining land could be worth $11-$15 million. ADM is also exploring M&A opportunities in the fragmented Texas promotional products market to accelerate growth.
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