Replies to post #46455 on AmeraMex International Inc. (AMMX)

[mikeo56]

Just as we have seen the stock price
Not rally over .02 cents
There was a reason,

Who would want to put their cash here with
No growth.

I believe we're not the only ones who know
This now.

I also think investors will be moving on shortly.

The CC had better be exceptional, which I highly
Doubt it will be.

It will be more of the same,
No questions and blah blah blah blah.

Hold for another 6 months to see what happens?

I don't think so.

[ORCA]

ORCA SAID IT A YEAR AGO.THAT THE CEO WAS TRYING TO IMPRESS INVESTORS,BY BUILDING REVENUES FOR EXTREMELY LOW MARGIN.READ BOLD.UNREAL.THE MF.
I WAS SAYING IT ALL ALONG.6 MONTHS NOW OF LOSING $$$.
Costs increased by $3,151,660, or 90%,
We experienced an increase in operating expenses from $530,772 in the six month period ending June 30, 2018 as compared to $685,327 in the six month period ending June 30, 2019. This is an increase of approximately 29%.

Results of Operations
Operating Results for the Six Month Period Ended June 30, 2019 as Compared to the Six Month Period Ended June 30, 2018
We had revenue of $7,916,933 for the six month period ending June 30, 2019 as compared to revenue of $5,131,931 for the six month period ending June 30, 2018, a 54% increase. Sales of Equipment and Other Revenues for the six month period ending June 30, 2019 were $6,671,353 and made up 84% of our Total Revenues. For the six month period ending June 30, 2018, Sales of Equipment and Other Revenues made up $3,768,734, or 73%, of Total Revenues. The remaining portion of Total Revenues, Rentals and Leases, for the respective periods were $1,245,580, or 16%, in 2019 and in 2018, Rentals and Leases made up 27% of Total Revenues and totaled $1,363,197. Sales of Equipment and Other Revenues saw a larger number for the six month period ending June 30, 2019 because we had multiple equipment sales to one of our long time regional customers. Rentals and Leases decreased due to an early buyout option under a lease contract which had revenues in June 30, 2018 of $280,000, none of which were included in June 30, 2019.
We had costs of revenue of $6,669,259 for the six month period ending June 30, 2019 as compared to costs of $3,517,599 for the six month period ending June 30, 2018. Our costs increased by $3,151,660, or 90%, while our revenues increased by 54%. We experienced a decline in gross profit as a percentage of Sales of Equipment and Other Revenues from 43% during the six months ended June 30, 2018 to 16% as we had smaller margin from our parts and equipment sales due to competitive pressures.
We experienced an increase in operating expenses from $530,772 in the six month period ending June 30, 2018 as compared to $685,327 in the six month period ending June 30, 2019. This is an increase of approximately 29%.
From the six month period ending June 30, 2018, to the six month period ending June 30, 2019, our Interest Expense decreased from $420,517 to $351,804. This decrease is due to the debt refinancing that occurred in March 2019. We had a loss tied to this Early Extinguishment of debt in the amount of $566,838. We anticipate our overall cost of borrowings will decrease in the future.
We had a net loss of $258,586 for the six month period ending June 30, 2019 as compared to net income of $467,445 for the six month period ending June 30, 2018. In connection with the refinancing of our debt, we incurred early termination fees and were required to pay unearned interest along with repayment of outstanding principal balances. The total costs resulted in a loss from early extinguishment of debt of $566,838, which resulted in a net loss for the six month period ending June 30, 2019.