Replies to post #35233 on AmeraMex International Inc. (AMMX)

[makinezmoney]

$AMMX: Solid Africa revenue flowing thru now

OSHKOSH sales won't be far off now.

I like this part...........


The loss was due in part to cost of goods (equipment) increasing almost 100 percent, from approximately $600,000 to $1.2 million, through the purchase of rental equipment that is now beginning to produce rental income or offset the cost of goods (COGs); doubling of the parts inventory; the addition of employee health insurance; and an increase in legal fees that in July 2017, netted the company approximately $500,000.

Revenue for the first six months of 2016 was unusually high due to a large one-time shipment of equipment to a customer in Africa. Generally, equipment is ordered during the last six months of the year to arrive for spring and summer construction and agriculture projects.