Value Microcaps Motherboard

[mikeo56]

AmeraMex International Reports Third Quarter Revenue of $1.3 Million and Revenue for the Nine-Month Period of $7.1 Million

.007 Cent Share Price

Shareholder Conference Call Friday, November 15 at 11:00 p.m. PT

CHICO, CA--(Marketwired - Nov 15, 2016) - AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment to infrastructure, shipping, construction and farming companies, today reported financial results for its third quarter and nine-month period, ended September 30, 2016.

Third Quarter Ended September 30, 2016

Revenue down 24 percent
Gross profit down 13 percent
Net loss for the quarter
The company reported revenue of approximately $1.3 million compared to revenue of approximately $1.7 million for the third quarter of 2015. Gross profit for the quarter was approximately $.548 million compared to gross profit of $.632 million for the third quarter of 2015.

The company reported net loss for the quarter of ($.152) million compared to net income of $.102 million for the 2015 quarter.

The loss was due in part to an increase of approximately $200,000 in operating expenses pertaining to the initial SEC audit, employee health insurance and increased deprecation.

Nine-Month Period Ended September 30, 2016

Revenue increases 82 percent
Gross profit increases 110 percent
Net income increases 60 percent
Revenue for the nine-month period was approximately $7.1 million compared to revenue of $3.9 million for the comparable 2015 period. Gross profit for the period was approximately $4.2 million compared to gross profit of $2.0 million for the nine-month period of 2015.

The company reported net income of approximately $1.2 million for the period compared to net income of approximately $.343 million for the comparable period in 2015.

Conference Call

The shareholder conference call, chaired by AmeraMex CEO Lee Hamre, is scheduled for Tuesday, November 15, 2016 at 11:00 a.m. Pacific Time, 2:00 p.m. Eastern Time.

The conference call dial-in number for both U.S. and international callers is 1.719.325.2228 and the conference call ID is 5769599. An audio replay of the conference call will be available from November 15, 2016 at 5:00 p.m. Eastern until November 29, 2016 at 11:59 a.m. Eastern. The replay can be accessed by dialing 1.844.512.2921 and entering conference pin number 5769599.


Posted on AMMX Board
listened to the replay and took notes this time, here is my updated list of highlights...

fully reporting by the end of March 2017, OTCQB is the goal.
expect very strong Q4
goal is to increase rental pool from $6 Million now to $10 Million by the end of 2017.
several requests for pricing in the Congo.
existing customer in Mali is ready to spend another $1 Million in the next several months.
AMMX is the representative in Nigeria for a tactical vehicle manufacturer, the announcement is with legal.
quite a few proposals outstanding in the US and abroad.
existing customer in Guatemala buying more equipment.
no stock issued since March.
there has been one Menzi Muck sale for $345k, another customer is looking at three machines worth about $1 Million.
Menzi Muck is storing spare parts at AMMX so they can service the machines sold. once a few are out in the field, AMMX will buy the spare parts.
Lee is speaking to several customers who have a lot of outdated machinery that is no longer EPA compliant and needs to be replaced.


AmeraMex International's (AMMX) CEO Lee Hamre on Q3 2016 Results - Earnings Call Transcript


http://seekingalpha.com/article/4023772-ameramex-internationals-ammx-ceo-lee-hamre-q3-2016-results-earnings-call-transcript?auth_param=bj6eb:1c2nd7t:07f8336c096115a4ae2ef86bf98f5aa9&uprof=45
Public Reply | Private Reply | Keep | Last Read Post New Msg Replies (1) | Next 10 | Previous | Next