AMMX - AmeraMex International Inc. - O/S is 753 Million - Latest close on 5/17/2019 - .02 - Market Cap - 15 Million
There has been no dilution/Shares sold this year, and Revenues for FY2019 will be above the Market Cap. AMMX has basically been in a Pennant Formation since last August, which is a long time for OTC Stocks - It has just recently moved up out of that pattern.
AmeraMex International Reports Revenue of $2.6 Million For the First Quarter Ended March 31, 2019 AmeraMex announces that it has submitted its Registration Statement and Form 10 to the SEC - https://www.otcmarkets.com/stock/AMMX/news/story?e&id=1355887
Highlights for the First Quarter of 2019*
- Revenue was approximately $2.6 million, a 44 percent increase when compared to revenue of $1.8 million for the 2018 period.
Gross profit was approximately $967,385 compared to gross profit of $414,975 for the period ended March 31, 2018. This is an increase of 133 percent.
Net income of $692,774 was a significant increase when compared to net income of $43,088 for the first quarter ended March 31, 2018.
The audits for 2018 and 2017 are complete.
The Company secured a $6.6 million line-of-credit.
The Auditited financials will be sent to the lawyers no later than April first which is a couple of weeks from now. They should be released not too much later. A big delay was traveling to verify all the Rental Equipment Serial Numbers.
Once the financials are bought up to date, AMMX will be uplisting to OTCQB.
A 6 Million low interest credit line has been approved for equipment. The Rental Inventory has increased from 2 to 10 Million in inventory over the last year.
First Quarter sales will be in excess of 4 Million dollars, which would equate to over 16 Million Annually vs. 10 Million for the year ended Dec 31, 2018.
There is an Acquisition/Merger Strategy being planned which would be a ways down the road.
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