UNDERVALUED PENNY STOCKS

[ORCA]

AMMX.43X.51.WAS CALLED NOVEMBER 23RD 2022 AT .34.ONE TO WATCH BIG TIME.READ DD BELOW WHY.
ORCA
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Wednesday, November 23, 2022 11:11:52 AM
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AMMX.34.A MUST READ .10 PER SHARE INCOME,FOR THE 9 MONTHS.UNREAL.AND .06 PER SHARE FOR Q3.CRAZY NUMBERS.
SHOULD BE TRADING IN $3.00 PER SHARE.
Profit from operations rose significantly to $2.2 million for the nine-month period, compared to profit from operations of
$1.6 million for the comparable 2021 nine-month period.
Net income for the nine-month period rose 171 percent to $1.4 million when compared to net income of $526,570 for the
comparable nine-month period.
Earnings per share (EPS) were $0.10 for the period compared to EPS of $0.04 for the comparable 2021 nine-month period.
Balance Sheet for the Nine-Month Period Ended September 30, 2022
Total Assets were $14.3 million, a $4.5 million increase due in part to an increase of accounts receivable and inventory.
https://www.otcmarkets.com/otcapi/company/financial-report/352903/content
For Immediate Release
AmeraMex International Reports Financial Results for Its Third Quarter Ended
September 30, 2022
CHICO, CA – November 23, 2022 – AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics
companies, infrastructure construction, and forestry conservation, reported financial results for its third quarter ended
September 30, 2022.
CEO Lee Hamre commented, “2022 has been a great year for revenue and net income. This is due in part to product mix, and
cost containment measures which have significantly increased our profit margins. We are also pleased that the addition of
new product lines and refocusing on the construction industry are beginning to pay off. We are fortunate to sell into multiple
markets – from logistics to agriculture, manufacturing, and construction.
“I would like to add that I am pleased with what we accomplished in the third quarter. All though there remains a nationwide
shortage of truck drivers and costs for materials and fuel remain high, our team has and will continue to focus on controlling
costs and improving profit margins.
“Instead of having a conference call to discuss what are now stale numbers during the Thanksgiving holiday, I will be hosting
a conference call in December to discuss the year end and what we expect 2023 to look like. If you have questions regarding
the third quarter results, please contact CFO, Hope Stone, or board member, Marty Tullio,” added Hamre.
Statement of Operations for the Quarter Ended September 30, 2022
The Company reported revenue of approximately $7.5 million versus revenue of $8.2 million for the comparable 2021
quarter, a nine percent decrease.
Gross profit for the quarter was $2.5 million, compared to gross profit of $815,261 for the comparable 2021 quarter. This is
a 211 percent increase.
Gross profit as a percentage of sales, was 35 percent for the quarter compared to gross profit, as a percentage of sales, of 10
percent for the comparable 2021 quarter.
Profit from operations rose significantly to $1.7 million for the quarter, compared to profit from operations of $343,132 for
the comparable 2021 quarter
Net income for the quarter was $928,850 compared to net income of $82,691 for the comparable 2021 quarter. Prices of
equipment have been adjusted to cover increased cost of goods sold and operating costs.
Earnings per share (EPS) were $0.06 for the quarter compared to EPS of $0.01 for the comparable 2021 quarter.
Statement of Operations for the Nine-Month period September 30, 2022
The company reported revenue of approximately $14.8 million versus revenue of $18.9 million for the comparable 2021
period, a 20 percent decrease. Revenue for 2021 was the highest in the Company’s history due, in part, to pent-up demand
for equipment created the COVID-19 pandemic.
Gross profit for the period was $4.2 million compared to gross profit of $3.0 million for the comparable 2021 period. This is
an increase of 45 percent.
Gross profit, as a percentage of sales, was 29 percent for the period compared to gross profit, as a percentage of sales, of 16
percent for the comparable period.
2
Profit from operations rose significantly to $2.2 million for the nine-month period, compared to profit from operations of
$1.6 million for the comparable 2021 nine-month period.
Net income for the nine-month period rose 171 percent to $1.4 million when compared to net income of $526,570 for the
comparable nine-month period.
Earnings per share (EPS) were $0.10 for the period compared to EPS of $0.04 for the comparable 2021 nine-month period.
Balance Sheet for the Nine-Month Period Ended September 30, 2022
Total Assets were $14.3 million, a $4.5 million increase due in part to an increase of accounts receivable and inventory.