ADM Endeavors Inc. (ADMQ)

[tradernewstip]

$ADMQ Breaking News! ADM Endeavors Provides Corporate Update
FORT WORTH, TX - (NewMediaWire) - January 25, 2024 - Just Right Products Inc., the wholly owned subsidiary of ADM Endeavors ("ADM" or the "Company") (OTCQB: ADMQ), announces a corporate update, including preliminary Q4 2023 results.


Preliminary Q4 2023 Financials


ADM Endeavors provides unaudited fourth quarter 2023, ending December 31, 2023, preliminary results.


The Company anticipates:

Revenues of $1.3M, representing 43% year-over-year growth

Adjusted EBITDA of $134K, which grew 200% over the year-ago quarter

Net income of $116K, a 200% increase over the fourth quarter of 2022

At the end of the quarter the Company had cash of $300K and access to a line of credit for $3.5M and is well capitalized to execute on its growth plans.



"The fourth quarter of 2023 was part of a transformational quarter for the Company," said ADM Endeavors CEO Marc Johnson. "Our fourth quarter projected results are a true indication that our strategic targeting of recession resistant government customers is working and can produce a sustainable profit. We anticipate organic growth in 2024 through both our existing and new customer opportunities. We are also exploring potential inorganic growth through M&A and expect to have our new facility online towards the end of the year, which would increase our capacity by up to five times."


New customer wins and contract renewals



Over the course of 2023, ADM has placed an emphasis on longer term, stable customers, which separates the Company from others in the sector. The majority of major promotional product and decorated apparel companies focus on large corporate clients and operate through a broker model on a global scale. ADM differentiates itself by focusing on cities, counties, schools, and government agencies by going direct to consumer, and currently operates primarily in the Dallas / Fort Worth area where the markets are large and fragmented. This strategy has been working and should drive consistent organic growth in 2024 and beyond.
https://finance.yahoo.com/news/adm-endeavors-provides-corporate-120000677.html