Climate is turning for who? Are you allowing someone in your head? Do you see volume that is indicative of anything other than low volume manipulation? If you wanna go off the charts, to me, they say way oversold and time to buy. But, I'm not a chartist, I look for companies that are growing, and have solid qtr after qtr revenue growth. In AMMX I see a company that is starting to hit on all cylinders, high margin refurb business is humming and gettting interest on multiple million dollar contracts. But I tend to look at things in the long term time frame, yes it can be frustrating when the company is waiting on HUGE news until they release something, but I know they are continuing to handle their business, as evidence by the recent Central American deal. Looking long term, I'm impressed with $AMMX.
Highlights for the 2014 First Quarter Ended March 31
- The company reported revenue of approximately $ 2.8 million a 241 percent increase when compared to revenue of $830,473 for 2013.
- Gross profit for the first quarter was of approximately $1.1 million compared to gross profit of $338,684 for the quarter ended March 31, 2013.
- Gross profit margins, as a percentage of revenue, were 40 percent, compared to gross profit margins of 41 percent for the comparable 2013 quarter.
- The company reported a net profit for the quarter of $204,572 compared to net loss of ($121,574) for the first quarter ended March 31, 2013. This is due in part to a decrease in total operating expenses.
- The Balance Sheet showed significant improvements with Total Assets increasing 85 percent to approximately $1.5 million while Total Liabilities decreased 30 percent to approximately $1.5 million.
Highlights for the Year Ended December 31, 2013
Revenue Increased 79 Percent
The company reported revenue of approximately $6.1 million with gross profit of $2.6 million compared to revenue of approximately $3.4 million with gross profit of $2.4 million for the year ended December 31, 2012.
Net Income Increased 362 Percent
The company reported a net income for the year of approximately $.485 million compared to net income of $.105 million for the year ended December 31, 2012. This is due in part to a decrease in operating and financial expenses.
Stronger Balance Sheet
Cash and cash equivalents increased from $33,119 in 2012 to $817,208 in 2013
Total Assets increased from $892,250 in 2012 to $2.7 million in 2013