Bemax Stock Price, News & Analysis

Bemax Inc. (BMXC) has announced a special dividend of Series A Convertible Preferred Stock for its shareholders. Common stockholders will receive preferred stock valued at 10% of their total common shares. The dividend is payable on March 31, 2025, to stockholders of record as of March 28, 2025.

Each Series A Preferred Stock can be converted into 30 common shares after a 180-day holding period following issuance. Preferred stockholders will also be entitled to equivalent dividends as common stockholders when dividends are declared. The company has submitted this corporate action to FINRA for processing.

Bemax Inc. (BMXC) reported its Q2 FY2024 financial results, highlighting significant revenue growth to $1,078,090, an increase of over $1 million year-over-year. The company, focused on disposable diapers and women's hygienic products, attributes this growth to expanded sales and distribution networks. Key financial metrics include:

- Gross margin of $21,880, impacted by high costs and temporary pricing discounts
- Operating expenses increased to $73,758 from $18,840 YoY
- Net cash from financing activities reached $78,899
- Cash, equivalents, and short-term inventory investments stood at $164,645

The company's Mother's Touch private label brand continues to gain momentum, and management indicated plans for a potential special stock dividend pending board approval.

Bemax Inc. (OTC Pink: BMXC) has announced a new discount bulk purchase program for wholesale and retail distribution of its improved Mother's Touch® disposable diapers. This initiative follows the success of their buying agents discount program, which generated over $1 million in sales during the last fiscal quarter. The company aims to leverage distribution strength while offering bulk purchasers exclusive distribution rights. This strategic move is designed to expand their global distribution network and increase profits for bulk purchasers while driving revenue growth.

Bemax Inc. (OTC Pink: BMXC) announced that CEO Taiwo Aimasiko has voluntarily retired 200,716,573 common shares in exchange for 8,028,662 Series 'B' preferred shares, reducing total issued and outstanding common shares by 40.90%. This marks the second share reduction during the current fiscal year. The company, which focuses on disposable diapers and women's hygienic products, reports experiencing increasing sales growth and maintains its strategy of supporting growth without increasing authorized shares.

Bemax Inc. (OTC Pink: BMXC), a private label development company focused on disposable diapers and women's hygienic products, has announced a significant reduction in its total issued and outstanding common shares. The company's CEO, Taiwo Aimasiko, has voluntarily retired 600,000,000 common shares in exchange for 24,000,000 Series 'B' preferred shares, resulting in a 55.01% decrease in outstanding common shares.

This share retirement is part of Bemax's strategy to create additional value for shareholders and maintain a capital structure that supports growth without increasing authorized shares. The company plans to implement further reductions in total shares outstanding during the current fiscal year. Bemax aims to enhance shareholder value and confidence while executing plans to support projected sales targets.

Bemax Inc. (OTC Pink: BMXC) has received a $972,135 purchase order for its private-label disposable diaper brands, Mother's Touch® and Modenna, from an existing bulk purchase customer. The company has already received an initial payment of $114,000, with additional monthly payments of $286,000 scheduled until delivery completion. Bemax expects to finish shipments by December 31, 2024.

This order puts Bemax on track to meet and exceed its projected revenue for the current fiscal year. The company's CEO, Taiwo Aimasiko, attributes this success to their extensive global marketing efforts and expects continued growth in 2024 and beyond.

Bemax Inc. (OTC Pink: BMXC) has successfully acquired Kona Gold, from Kona Gold Beverage, Inc. (OTC Pink: KGKG). This strategic move strengthens Bemax's position in the Consumer-Packaged Goods (CPG) market. As part of the deal, Bemax will issue $200,000 in Restricted Common Shares to Kona Gold Beverage shareholders as a dividend.

The acquisition allows Bemax to diversify its product offerings and expand its market reach. By integrating Kona Gold's innovative beverage brand with Bemax's operational capabilities, the company aims to drive significant growth and enhance shareholder value. This move aligns with Bemax's vision to strengthen its market presence in the CPG sector.

Bemax Inc. (OTC Pink: BMXC) has signed a Letter of Intent to acquire Kona Gold, from Kona Gold Beverage, Inc. (OTC Pink: KGKG). This strategic move aims to strengthen Bemax's consumer packaged goods portfolio and drive market growth. The acquisition aligns with Bemax's mission to diversify and enhance its market presence in the CPG industry.

Bemax plans to leverage Kona Gold's existing market presence and consumer loyalty to drive growth and innovation. The company anticipates completing the transaction in the coming months, with integration efforts starting immediately thereafter. This acquisition is expected to positively impact Bemax's revenue and market position, enhancing shareholder value.

Bemax, a private label development company focused on disposable diapers and women's hygienic sanitary products, announced a stellar financial performance for fiscal year 2024.

Bemax reported a revenue of $117,405, a 600% increase compared to $8,100 in the prior year. Operating expenses were reduced by over 70% to $141,919, down from $434,320. As a result, the company's net loss shrank significantly by over 200%, from $301,153 to $90,637. These improvements were driven by an expanded sales network and cost-effective shipping methods.

Additionally, Bemax is in discussions with two OEM manufacturers to further reduce production costs, improve product quality, and increase revenue in the current fiscal year.