Friday, August 13, 2021 9:59:37 AM
Aug 13, 2021 | AMMX News
Revenue for six-month period exceeds $10.3 million
CHICO, CA / August 13, 2021 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies , infrastructure construction , and forestry conservation , reports revenue for its second quarter and six-month period ending June 30, 2021.
AmeraMex is reporting a significant increase in revenue for the second quarter and six-month period of 2021. It is important to remember that the Company’s revenue for the comparative periods in 2020, was negatively affected by COVID-19 restraints. There was a substantial turnaround in revenue for the third and fourth quarters of 2020 finishing the years with revenue of $12.3 million
Second Quarter Ended June 30, 2021
The company reported revenue of $6.3 million compared to revenue of $1.8 million for the second quarter of 2020.
Gross profit for the quarter was $.970 million compared to gross profit of $.430 million for the second quarter of 2020. Gross profit as a percentage of revenue was 15 percent compared to 24 percent for the second quarter of 2020.
The net income for the quarter was $.078 million compared to net loss of $(.440) million for the second quarter of 2020.
Six-Month Period Ended June 30, 2021
Revenue for the six-month period was $10.3 million, a 222 percent increase when compared to revenue of $3.2 million reported for the comparable six-month period of 2020.
Gross profit for the six-month period was $2.1 million compared to gross profit of $.874 million for the six-month period of 2020. Gross profit as a percentage of revenue was 21 percent for the six-month period compared to 27 percent for the six-month period of 2020.
The net incom e for the six-month period was $.444 million compared to a net loss of $(.568) million reported for the comparable six-month period of 2020.
As a reminder, the public is invited to participate in the Company’s second quarter conference call at 11:00 a.m. PT, 2:00 p.m. ET. The conference call dial-in number for both U.S. and international callers is 1.201.689.8560. Please dial in to the conference center five minutes before the call begins and ask the operator for the AmeraMex conference call. An audio replay of the call will be available from August 13, 2021 at 5:00 p.m. ET until August 27, 2021 at 11:59 p.m. ET. The replay is accessible by dialing 1.412.317.6671 and entering pin number 13722155.
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM