AmeraMex International Achieves $5.6 Million in Revenue for the First Quarter 2025 Revenue of $5.6 Million, A Notable 46 Percent Increase Over Comparable Quarter
- Revenue increased 46% year-over-year to $5.6 million
- Achieved gross profit of $629,243, reversing previous year's loss
- Operating profit improved to $256,209 from $(546,753) loss
- Net loss significantly reduced to $(30,691) from $(436,343)
- Rental equipment value increased by $3.1 million
- High interest expenses of $629,031 impacting bottom line
- Total liabilities increased to $15.7 million
- Notes payable increased by $2.5 million
- Stockholders' equity decreased to $2.2 million from $3.5 million
Chico, California--(Newsfile Corp. - May 28, 2025) - AmeraMex International, Inc. (OTC Pink: AMMX), a leading provider of heavy equipment solutions for logistics, infrastructure construction, and forestry conservation, today announced its financial results for the first quarter ended March 31, 2025.
Strong Start to the Year
AmeraMex International reported revenue of approximately
Gross profit for the quarter improved to
The company posted a profit from operations of
Navigating Challenges While Strengthening Performance
Net loss for the quarter was
Loss per share remained stable at
Balance Sheet Highlights
As of March 31, 2025, AmeraMex reported total assets of
- A
$1.9 million increase in Accounts Receivable, reflecting strong revenue generation. - A
$4.8 million decrease in Inventory, signaling efficient asset management. - A
$3.1 million increase in the value of Rental Equipment, reinforcing operational growth.
Total liabilities for the quarter stood at
- A
$1.4 million increase in Accounts Payable. - A
$2.0 million decrease in Deferred Revenue. - A
$2.5 million increase in Notes Payable (net of current portion).
AmeraMex International remains focused on growth, operational efficiency and delivering value to its shareholders as it builds this momentum in the coming quarters.
Financial Tables Follow
AMERAMEX INTERNATIONAL, INC.
STATEMENTS OF OPERATIONS
| MARCH 31, 2025 | MARCH 31, 2024 | |||||||||
| REVENUES | ||||||||||
| Sales of Equipment and Other Revenues | $ | 3,808,208 | $ | 2,817,577 | ||||||
| Rentals and Leases | 770,547 | 462,172 | ||||||||
| Total Sales | 4,578,755 | 3,279,749 | ||||||||
| COST OF SALES | ||||||||||
| Sales of Equipment and Other Revenues | 3,421,197 | 3,237,301 | ||||||||
| Rentals and Leases | 498,315 | 190,716 | ||||||||
| Total Cost of Sales | 3,919,512 | 3,428,017 | ||||||||
| GROSS PROFIT | 659,243 | (148,268 | ) | |||||||
| OPERATING EXPENSES | ||||||||||
| Selling Expense | 157,673 | 129,642 | ||||||||
| General and Administrative | 245,361 | 268,843 | ||||||||
| Total Operating Expenses | 403,034 | 398,485 | ||||||||
| Profit From Operations | 256,209 | (546,753 | ) | |||||||
| OTHER INCOME (EXPENSE) | ||||||||||
| Interest Expense, net | (629,031 | ) | (167,188 | ) | ||||||
| Gain (Loss) on Sell of Asset | 124,848 | - | ||||||||
| Loss from Early Extinguishment of Debt | - | - | ||||||||
| Other Income | 200,017 | 99,373 | ||||||||
| Total Other Expense | (304,166 | ) | (67,815 | ) | ||||||
| INCOME BEFORE PROVISION for INCOME TAXES | (47,957 | ) | (614,568 | ) | ||||||
| PROVISION for INCOME TAXES | (17,266 | ) | (178,225 | ) | ||||||
| NET INCOME | $ | (30,691 | ) | (436,343 | ) | |||||
| Weighted Average Shares Outstanding: | ||||||||||
| Basic | 14,829,155 | 14,829,155 | ||||||||
| Diluted | 14,829,155 | 14,829,155 | ||||||||
| Earnings per Share | ||||||||||
| Basic | $ | 0.00 | -0.03 | |||||||
| Diluted | $ | 0.00 | -0.03 | |||||||
AMERAMEX INTERNATIONAL, INC.
BALANCE SHEETS
| MARCH 31, 2025 | DECEMBER 31, 2024 | |||||
| ASSETS | ||||||
| Current Assets: | ||||||
| Cash | $ | 549,484 | $ | 163,507 | ||
| Accounts Receivable, Net | 2,779,822 | 851,985 | ||||
| Inventory, Net | 6,397,215 | 11,131,882 | ||||
| Other Current Assets | 99,799 | 223,947 | ||||
| Total Current Assets | 9,826,320 | 12,371,321 | ||||
| Non-Current Assets: | ||||||
| Property and Equipment, Net | 534,868 | 870,355 | ||||
| Rental Equipment, Net | 5,965,871 | 2,893,592 | ||||
| Lease Right of Use Asset - Operating | 587,658 | 693,045 | ||||
| Lease Right of Use Asset - Financing | 620,079 | 1,219,408 | ||||
| Deferred Tax Asset | - | 243,640 | ||||
| Joint Venture Asset | 177,000 | 177,000 | ||||
| Other Assets | 215,775 | 214,117 | ||||
| Total Long-Term Assets | 8,101,251 | 6,311,157 | ||||
| TOTAL ASSETS | $ | 17,927,571 | $ | 18,682,478 | ||
| LIABILITIES & STOCKHOLDERS' EQUITY | ||||||
| Current Liabilities: | ||||||
| Accounts Payable | $ | 2,652,409 | $ | 1,332,825 | ||
| Accrued Expenses | 277,879 | 161,666 | ||||
| Deferred Revenue | 1,579,532 | 2,025,027 | ||||
| Line of Credit | 3,711,726 | 5,692,834 | ||||
| Notes Payable, Current Portion | 1,668,128 | 1,798,671 | ||||
| Lease Liability - Operating | 129,081 | 129,081 | ||||
| Lease Liability - Financing | 365,336 | 188,121 | ||||
| Total Current Liabilities | 10,384,091 | 11,328,225 | ||||
| Long-Term Liabilities | ||||||
| Deferred Tax Liabilities, Net | 377,662 | 502,403 | ||||
| Notes Payable, Net of Current Portion | 4,241,696 | 1,683,608 | ||||
| Lease Liability - Operating, Net of Current Portion | 458,577 | 563,964 | ||||
| Lease Liability - Financing, Net of Current Portion | 254,743 | 1,031,287 | ||||
| Total Long-Term Liabilities | 5,332,678 | 3,781,262 | ||||
| TOTAL LIABILITIES | $ | 15,716,769 | $ | 15,109,487 | ||
| - | - | |||||
| STOCKHOLDERS' EQUITY: | ||||||
| Shareholders' Equity | ||||||
| Preferred Stock, | - | - | ||||
| shares issued and outstanding | ||||||
| Common Stock, | 14,829 | 14,829 | ||||
| 14,829,155 shares issued and outstanding at March 31, 2025 and | ||||||
| 14,829,155 at December 31, 2024 | ||||||
| Additional Paid-In Capital | 21,671,534 | 21,671,534 | ||||
| Accumulated Deficit | (19,475,561 | ) | (18,113,372 | ) | ||
| Total Stockholders' Equity | 2,210,802 | 3,572,991 | ||||
| TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $ | 17,927,571 | $ | 18,682,478 | ||
| - | - |
AMERAMEX INTERNATIONAL, INC.
STATEMENTS OF CASH FLOW
| MARCH 31, 2025 | MARCH 31, 2024 | |||||
| OPERATING ACTIVITIES: | ||||||
| Net Income | (30,691) | (436,343) | ||||
| Adjustments to reconcile Net Income to | ||||||
| Net Cash provided (used) by Operating Activities: | ||||||
| Depreciation and Amortization | 386,938 | 278,693 | ||||
| Provision for Deferred Income Taxes | - | 502,403 | ||||
| Amortization and Accretion of Interest | 21,351 | 21,351 | ||||
| Change in Operating Assets and Liabilities: | ||||||
| Accounts Receivable | 58,552 | 437,404 | ||||
| Inventory | (566,012) | 85,968 | ||||
| Other Current Assets | 147,213 | 100,187 | ||||
| Accounts Payable | 997,182 | (880,897) | ||||
| Customer Deposits | (111,373) | (111,373) | ||||
| Accrued Expenses | 122,008 | (186,749) | ||||
| NET CASH USED BY OPERATING ACTIVITIES | $ | 1,025,168 | $ | (189,356 | ) | |
| INVESTING ACTIVITIES: | ||||||
| Payments for Property and Equipment | $ | 50,149 | $ | 740,255 | ||
| Proceeds (Payments) for Rental Equipment | (314,049 | ) | (190,716 | ) | ||
| NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES | $ | (263,900 | ) | $ | 549,539 | |
| FINANCING ACTIVITIES: | ||||||
| Proceeds from Notes Payable | $ | 2,038,861 | $ | 190,683 | ||
| Payments on Notes Payable | (1,315,149 | ) | (244,490 | ) | ||
| Payment on Note Payable - Related Party | - | - | ||||
| Joint Venture | - | (177,000 | ) | |||
| Net Borrowing (Repayments) Under Lines of Credit | (1,020,425 | ) | (553,997 | ) | ||
| NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES | $ | (296,713 | ) | $ | (784,804 | ) |
| NET DECREASE IN CASH & CASH EQUIVALENTS | $ | 464,555 | $ | (424,621 | ) | |
| Cash and Cash Equivalents, BEGINNING OF PERIOD | $ | 84,929 | $ | 588,128 | ||
| Cash and Cash Equivalents, END OF PERIOD | $ | 549,484 | $ | 163,507 | ||
| CASH PAID FOR: | ||||||
| Interest | $ | 624,940 | $ | 153,268 | ||
| Income Taxes | $ | 800 | $ | 800 | ||
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING | ||||||
| AND FINANCING ACTIVITIES: | ||||||
| Transfer of Inventory to Rental Equipment | - | - | ||||
| Equipment Financed under Capital Leases | - | - | ||||
| Transfer of Rental Equipment to Inventory | - | - | ||||
AMERAMEX INTERNATIONAL, INC.
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
FOR THE MONTHS ENDED MARCH 31, 2025 AND 2024
| Additional | Total | ||||||||||||||
| Common Stock | Paid-in | Accumulated | Stockholders' | ||||||||||||
| Balance | Shares | Amount | Capital | Deficit | Equity/ | ||||||||||
| December 31, 2023 | 14,829,155 | $ | 14,829 | $ | 21,671,534 | $ | (17,677,029 | ) | $ | 4,009,334 | |||||
| Net Income | - | - | - | (436,343 | ) | (436,343 | ) | ||||||||
| March 31, 2024 | 14,829,155 | $ | 14,829 | $ | 21,671,534 | $ | (18,113,372 | ) | $ | 3,572,991 | |||||
| December 31, 2024 | 14,829,155 | $ | 14,829 | $ | 21,671,534 | $ | (19,444,870 | ) | $ | 2,241,493 | |||||
| Net Income | - | - | - | (30,691 | ) | (30,691 | ) | ||||||||
| March 31, 2025 | 14,829,155 | $ | 14,829 | $ | 21,671,534 | $ | (19,475,561 | ) | $ | 2,210,802 | |||||
| 14,829,155 | 14,829 | 21,671,534 | (19,475,561 | ) | 2,210,802 | ||||||||||
| - | - | - | - | - | |||||||||||
AmeraMex International
AmeraMex International sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. The company has over 30 years of experience in heavy equipment sales and service. 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 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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253618
FAQ
What was AMMX's revenue growth in Q1 2025?
Why did AMMX report a net loss despite revenue growth in Q1 2025?
How much did AMMX's rental equipment value increase in Q1 2025?
What was AMMX's gross profit improvement in Q1 2025?
