AmeraMex International Inc. (AMMX): LOL Statement of Operations for the Q...

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gtoken65

Re: None

Monday, 05/15/2023 12:54:46 PM

Monday, May 15, 2023 12:54:46 PM

LOL

Statement of Operations for the Quarter Ended March 31, 2023

The company reported revenue of approximately $3.2 million, a 35 percent decrease when compared to revenueof approximately $5.0 million for the quarter ended March 31, 2022. This decrease is due in part to steps taken by the Federal Reserve to lower/contain inflation and the delayed renewal of a U.S. Government contract.

Gross profit for the quarter was $818,308, a significant reduction when compared to gross profit of $1.2 million for the comparable quarter.

Net income for the quarter was $101,103 compared to net income of $258,317 for the comparable quarter. Earnings per share were $0.01 for the quarter compared to $0.02 for the comparable 2022 quarter

“I would also like to acknowledge that during the year-end and first quarter transition period, our newly hired CFO decided to explore another opportunity