Ameramex Intl Stock Price, News & Analysis

AmeraMex International reported Q3 2020 revenue of approximately $5.9 million, a 78% increase from Q3 2019's $3.3 million. Gross profit fell to $0.809 million from $1.2 million a year earlier, a decline attributed to increased costs. For the nine-month period, revenue was $9.1 million, down from $11.2 million in 2019, with a net loss of approximately $(0.508) million compared to a gain of $0.255 million the previous year. The company’s balance sheet showed increased assets, but total liabilities rose by $3.3 million, driven by a $5.2 million line of credit.

AmeraMex International (OTCQB:AMMX) has announced equipment orders totaling $215,000. The orders include a Taylor Machine T-180 forklift to a sawmill in Northern California, a Hyster H-300H forklift for a container yard in Southern California, and an ASV-120 track loader for a forestry company in Northern California. With over 30 years in the industry, AmeraMex sells and leases heavy equipment across various sectors, including construction and logistics. The company encourages investors to review SEC filings for detailed insights and forward-looking statements regarding business activities.

AmeraMex International (OTCQB:AMMX) has announced its 2020 third quarter conference call scheduled for November 13 at 10:00 a.m. PT. The company is facing a challenge as its bid price has been below $0.01 for over 30 days, failing to meet the OTCQB Standards. To maintain its listing, AmeraMex must achieve a minimum closing bid price of $0.01 for at least ten consecutive trading days within a 90-day cure period, ending January 27, 2021. For more details, visit AMMX.net.

AmeraMex International (OTCQB:AMMX) announced recent orders totaling $78,000 and a six-month Rent-to-Purchase Agreement worth $99,000. The orders include utility trucks and a hay squeeze, with equipment shipping to various locations in California. The rental agreement is for a refurbished Taylor Container Handler at $16,500 per month, with a potential purchase price of $535,000 after six months. These transactions indicate a steady demand for heavy equipment in logistics and agriculture sectors.

AmeraMex International (OTCQB:AMMX) announced a successful sale of spare parts and scrap exceeding $569,000. CEO Lee Hamre reported a significant rebound in equipment sales in Q3, especially after COVID-19 impacted earlier quarters. The company expects continued strong performance as it enters Q4, indicating a busy period ahead. AmeraMex specializes in heavy equipment sales and leases across various sectors including construction and forestry conservation, with over 30 years of industry experience.

AmeraMex International (OTCQB:AMMX) announced on October 2, 2020, that it has received equipment orders worth $215,900. The orders include yard trucks and a Kalmar forklift, which are scheduled for shipment this quarter.

With over 30 years in the industry, AmeraMex focuses on providing heavy equipment for logistics, construction, and forestry sectors. The company offers sales, leasing, and rentals of new and refurbished equipment to both domestic and international clients.

AmeraMex International (OTCQB:AMMX) announced a 50:1 reverse stock split approved by shareholders on September 29, 2020, to enhance market appeal. The split aims to address concerns from fund managers regarding the company's share price below $1 and facilitate investment interest. CEO Lee Hamre emphasized the necessity of this move to improve the company's attractiveness to investors and to support an upcoming corporate market awareness campaign. The action will take effect post filing with the Nevada Secretary of State, contingent upon SEC approval.

AmeraMex International (OTCQB:AMMX) reported third-quarter sales of $5.9 million for the period ending September 28, 2020. The company announced a new equipment order valued at $535,000, comprising a Taylor Machine XLC-975 loaded container handler for a Southern California client. This machine features advanced diagnostics and is suitable for various applications including port operations. AmeraMex specializes in sales, leasing, and rental of heavy equipment across multiple industries, boasting over 30 years of experience.

AmeraMex International (AMMX) announced third-quarter sales of $5.4 million through September 16, 2020. The company secured a $350,000 equipment order for a low-hour Taylor Machine TXI-650 forklift with a capacity of 65,000 pounds, which will be delivered to a Midwest construction company. With over 30 years of experience, AmeraMex serves various industries, including construction and forestry. The press release also contains forward-looking statements highlighting risks and uncertainties impacting future performance.